A 15 Minute Swing Technicals Strategy

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A 15 Minute Swing Technicals Strategy

If you want a great forex trading approach you can always use the Swing. It is very suitable for binary options such as stocks, indices, commodities, and currency pairs. There are many forms of trading that you can learn but if you want to be more profitable then you need to learn something that is advance is efficient. The Swing 15 Minute Technicals can help you with your advance trading needs. This system established on resistant and support breakouts on fifteen minute charts making it ideal for every day trading. This system is very well detailed and can be very simple for expert traders to follow. Signals can be taken from charts with fifteen candlesticks that have either resistance or support lines on longer term charts. Primarily made for British and Euro controlled currency pairs, the Swing can work at any market that is liquid.

KNOWING MORE ABOUT THE SWING 15 MINUTE STRATEGY

The Swing can be divided to four different sections. Each section details different trade aspects. The strategies first section shows how to take signals and where to take them. The next section show to you can size positions. The third section shows profits targets which are a fact that is not so vital for binary options traders but is vital for forex traders. The last section shows tips on to deploy it and some probable trade factors.

The strategy’s author, Olivier, shows how you trade and what you trade. In this strategy, he trades shorter term breakouts of resistance and support. You can locate these support and resistance zones by using three varied time frames. You may use a four hour candle chart. If you cannot create a four hour candle chart you can opt to use a half day bar or daily bars if the need arises. This sets up support and resistance and primary trend. To ensure that the lines you are drawing are significant make sure to connect three points the least. When this is done, you go down to the hourly candle charts and repeat the step. To do away with confusion, you may use different colors for different time frames. This allows you to recognize what lines are more vital when you drop to 15 minutes bars in the chart. Once your charts are done all you can do now is wait for a single signal. You must do this prior to the trading day’s start so that when the market opens you. Let us take a look at chart which shows us the downtrend which connects through three peaks:

Signals appear if there is a breakout below or above a resistance or a support. Breakouts depend on a close that is either above or below a selected line. A simple line break without a close has to be deemed as a false signal or a whipsaw until it is completed by a close below or above. when there is a close you can now open a position. Open puts for breaks that are below the trend or support. Open calls for breaks just above the trend or support.

The first part of the strategy deals with position sizing and risks and rewards. This part can be linked to position sizing in equity options and is thereby useful for binary options too. The author proposes position size to be a specific percent of your capital which is around one and a half percent. Using this approach, you can limit your losses to good amounts and your trade sizes will also increase as your account also increases.

The third step entails profit targets. For the author, targets are for position additions and for profit taking depending on the trade’s progress. Binary traders can find this useful in identifying if the trade is in a daily or hourly position. When applying this to binary, you must put in mind that the closer the target is to the point of entry, expiration time is also shorter. When target appear on fifteen minute charts you may use hourly or even shorter time.

The last section shows some guides and tips on how to use the strategy. The author begins with the trends assumption and then a subjective support and resistance. This is basically true. There are many ways to identify these areas. These ways don’t correspond with each other. The author also suggests that you should not trade on days with big news or on a quiet market because they are not good days.

WHY IS THE SWING GOOD?

This strategy is good because it makes use of some typical form of trading and offers necessary targets for profits and targets. It does not suck because it makes use of multiple time frame swhich is the basis for most strategies that are successful. This strategy may be predestined for forex but it can be used for binary options.

WHY IS THE SWING BAD?

It is not good because novices can benefit from it. It is quite complicated and only seasoned professionals may fully benefit from it. As mentioned before resistance and support are very subjective and trends are very subjective. You can only utilize them well when you are already experienced.

Swing to 15 Minute Technicals: 15 Minutes Binary Options Trading Strategy

Full Review of the “The Swing- 15 Minute Technicals” Strategy for Binary Options

The Swing is a fairly standard approach to forex trading. This style is well suited to binary options including currency pairs, stocks, indexes and commodities.

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The Swing-15 Minute Technicals is a fairly advanced form of trading. The system is based on support/resistance breakouts on 15 minute charts and is great for day and day-to-day trading. The strategy is very detailed and should be easy for experienced traders to follow. Signals are taken on charts of 15 candlesticks with support/resistance lines drawn on the longer term charts. Initially intended for trading Euro and British Pound dominated currency pairs this strategy will work in any liquid market.

What Is The Swing-15 Minute Strategy

The strategy is broken into four sections detailing different aspects of the trade. The first section describes just how and where to take signals. The second section describes how to size your positions. The third section details profits targets, an aspect less important for binary traders than for forex. The fourth section gives tips on how best to deploy the strategy and possible factors for the trade.

In the first section the the author, Olivier, details how and what you are trading. In this technique he is trading short term breakouts of support and resistance. In order to find these support and resistance areas he uses three different time frames. The first chart to use is of 4 hour candles. If your package does not generate 4 hour candles you can also use 1/2 day bars, or even daily bars if necessary. This establishes the primary trend and support/resistance. To help make sure the lines you draw have real significance be sure to connect at least three points. After that is done move down to charts of hourly candles and do the same thing. In order to prevent confusion use different colors for the different time frames. This will help you to identify which lines are more important once you drop down to charts of 15 minute bars. Once your charts are finished it is time to wait for a signal. This should be done before the start of the trading day so that you are ready to trade once the markets open.

This chart of 4 hour candles shows downtrend resistance connecting three peaks

Signals are generated when there is a breakout above or below a support or resistance. The breakout is dependent on a close above or below the chosen line. A simple break of the line without a close should be considered a whipsaw or false signal until confirmed by a close above/below. Once you have a close it is time to open a position. For breaks below support or trend open puts, for breaks above support or trend open calls.

On this chart we see price retreat from 4H resistance and then drop below support drawn on the 1H chart. Note how there is no close “next support” to interfere with the trade. A break above the 4H resistance would have reversed this position to calls.

The second section of the strategies concerns risk/reward and position sizing. This step has it’s roots in equity options position sizing and is relevant for binary options as well. Olivier suggests a position size that is a certain percent of your capital, 1.5% in this case. This approach helps limit losses to sustainable amounts and also allows trade sizes to increase as account size increases. For binary options, since the risk/reward profiles are fixed, I think this is a good idea but might suggest using a larger number. At 1.5% you would have to have an account of $10,000 in order to trade $150. I think somewhere in the range of 3-5% depending on skill level may be more appropriate. Olivier also uses this calculation to help set stop losses but this does not apply to binary unless you are using an early out option.

The third step involves profit targets. For Olivier, these targets are for taking profits or adding to positions depending on how the trade is progressing. For binary traders these targets are useful in determining whether to trade hourly or daily positions. To apply this to binary I think the closer the target is to the entry point the shorter the time to expiration. If the target appears on the 15 minute charts use hourly or shorter if possible. If the target appears on the 1H or 4H charts use hourly to daily expiration.

The fourth section gives some tips and guidelines for using the strategy, an added bonus since some of what he says in the earlier portions of the article is not clear. He starts with the assumption that trend, support and resistance are very subjective. This I know to be true. There are dozens of ways to determine these areas and they do not always coincide with each other. He also suggests not trading on big news days or when the market is quiet as they are not the best days. A further suggestion, which answers a question I had, tells you not to trade if the first profit target is above the next area of resistance (in a bull trade) or below the next support(in a bear trade) because the likelihood for profits is diminished. Basically he says make sure the path ahead is clear before entering into a trade.

Why This Strategy Doesn’t Suck

This strategy doesn’t suck because it utilizes a common form of day trading and provides relevant targets for stops and profits. It also doesn’t suck because it uses multiple time frames. The use of multiple time frames is the basis of most of the successful strategies I have seen. Even though this strategy is meant for forex it is easily adaptable to binary options. The targets are useful tools for any form of trading, in binary they can help determine the type of expiry to choose.

Why This Strategy Sucks

This strategy sucks because it is not good for inexperienced traders. This is a fairly complicated technique and one that takes a seasoned pro to perfect. Like the author himself said, support,resistance and trend are very subjective and take experience to utilize correctly. Experience is what a traders needs to know when to use the strategy and when not to use it. Experience is also what will help a trader have the discipline to wait for the right signals and then trade on them, even if they are counter to the primary trend.

My Last Word

This strategy is great for binary day traders, it provides good signals for short term trades with daily, hourly or even shorter expiration. The use of multiple time frames is excellent, it is something I would suggest every trader use regardless of style. The caveat is that this strategy is better suited to experienced traders. Without experience and discipline newer traders may get themselves into trouble trying to trade short term break outs. Trading short term moves like this often means trading against the primary trend and everyone knows that the trend is your friend.

Learn more about the Swing-15 Minute Strategy on our Forum!

A 15 Minute Swing Binary Option Strategy | forexing24

There are many forms of trading that you can learn but if you want to be more profitable then you need to learn something that is advance is efficient. The Swing 15 Minute Technicals can help you with your advance trading needs. This system established on resistant and support breakouts on fifteen minute charts making it ideal for every day trading. This system is very well detailed and can be very simple for expert traders to follow. Signals can be taken from charts with fifteen candlesticks that have either resistance or support lines on longer term charts. Primarily made for British and Euro controlled currency pairs, the Swing can work at any market that is liquid.

What is 15 Minute Swing Binary Option Strategy

15 Minute Swing Binary Option Strategy is a fairly advanced form of trading. The 15 minutes swing trading strategy is actually a standard trading strategy often used by spot forex traders especially when trading the euro or British pound. Nevertheless, it can be adapted for any market which is highly liquid. Trading signals are derived using 15 minutes trading charts as well as longer term charts and is based on the concept of trading support & resistance breakouts. Because of the short time frame, the strategy is also well suited for those who are trading the binary options markets. In terms of its complexity, it is more suited to those traders who are at the intermediate or advanced stage.

Traded pair: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY

Time frame: 15 Min

Trading hours: 5.45 am to 4 pm, GMT (recommended)

How 15 Minute Swing Binary Option Strategy works?

The Swing can be divided to four different sections. Each section details different trade aspects. The strategies first section shows how to take signals and where to take them. The next section show to you can size positions. The third section shows profits targets which are a fact that is not so vital for binary options traders but is vital for forex traders. The last section shows tips on to deploy it and some probable trade factors.

The primary objective of this trading strategy is to trade short term breakouts. In order to do this we need to first isolate areas of resistance or support. In order to find these areas, you will need the following setup:

  • 4 hours time frame chart to establish the primary trend as well as the support and resistance level
  • 1 hour time frame chart to confirm the trend
  • 15 minutes time frame chart to generate the trade signal

To ensure that the support or resistance lines drawn on the 4 hours chart are of any real significance, you need to make sure that they are at least connected at 3 points like the 4 hours EUR/USD chart below.

The strategy’s author, Olivier, shows how you trade and what you trade. In this strategy, he trades shorter term breakouts of resistance and support. You can locate these support and resistance zones by using three varied time frames. You may use a four hour candle chart. If you cannot create a four hour candle chart you can opt to use a half day bar or daily bars if the need arises. This sets up support and resistance and primary trend. To ensure that the lines you are drawing are significant make sure to connect three points the least. When this is done, you go down to the hourly candle charts and repeat the step. To do away with confusion, you may use different colors for different time frames. This allows you to recognize what lines are more vital when you drop to 15 minutes bars in the chart. Once your charts are done all you can do now is wait for a single signal.

Do the same for the 1 hour chart but using a different color to help you differentiate between the different charts. Once you have completed plotting all the necessary support or resistance lines, you just have to wait for the signal to enter your trade. Ideally, all this preparatory work should be carried out before the start of the trading day, so you can start trading straight away once the opening bell sounds. You must do this prior to the trading day’s start so that when the market opens you. Let us take a look at chart which shows us the downtrend which connects through three peaks:

Signals appear if there is a breakout below or above a resistance or a support. Breakouts depend on a close that is either above or below a selected line. A simple line break without a close has to be deemed as a false signal or a whipsaw until it is completed by a close below or above. when there is a close you can now open a position. Open puts for breaks that are below the trend or support. Open calls for breaks just above the trend or support.

The first part of the strategy deals with position sizing and risks and rewards. This part can be linked to position sizing in equity options and is thereby useful for binary options too. The author proposes position size to be a specific percent of your capital which is around one and a half percent. Using this approach, you can limit your losses to good amounts and your trade sizes will also increase as your account also increases.

The third step entails profit targets. For the author, targets are for position additions and for profit taking depending on the trade’s progress. Binary traders can find this useful in identifying if the trade is in a daily or hourly position. When applying this to binary, you must put in mind that the closer the target is to the point of entry, expiration time is also shorter. When target appear on fifteen minute charts you may use hourly or even shorter time.

The trading signal appears when a breakout occurs above or below the support or resistance levels. Depending on the price movement, the breakout can occur at the resistance or support line. In our case above, the breakout occurs at the support line. However, to ensure that it is not a false signal or whipsaw, the prices must close below (for support) or above (for resistance) the line.

Position Sizing

In order to size your trade accordingly to the risk/reward ratio, you should never risk more than 1.5% to 3% of your investment capital. So if you start off with $1000, your position size should not be more than $30. By trading in this manner, you are actually limiting your losses to a sustainable level. Only increase the amount to be invested when the overall amount for your investment capital has increased.

Profit Targets

Profit targets in the context of this strategy are for determining whether you should take profits or double up. In addition, you can also use profit targets to determine if you should trade on an hourly basis or daily basis. If the target has appeared on your one-hour chart, then you should only choose those options with a one-hour or longer expiration time.

Advantages of 15 Minute Swing Binary Option Strategy

This strategy is good because it makes use of some typical form of trading and offers necessary targets for profits and targets. It does not suck because it makes use of multiple time frame swhich is the basis for most strategies that are successful. This strategy may be predestined for forex but it can be used for binary options.

Disadvantages of 15 Minute Swing Binary Option Strategy

It is not good because novices can benefit from it. It is quite complicated and only seasoned professionals may fully benefit from it. As mentioned before resistance and support are very subjective and trends are very subjective. You can only utilize them well when you are already experienced.

The bottom line

This trading strategy gets the thumbs up because it is suited for trades with a short time frame. In addition, the analysis is drawn from charts with multiple time frames giving it a clearer picture of what is going on in the market.

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