Some 60 secs trades

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Some 60 secs trades

Good day traders,

In this article I am going to show you and explain you some trades and trading setups which I took last week. All of them are 60 seconds FX trades. Let’s see my trades.

I made a small deposit in OptionsXo last week and I doubled my account in about 30 minutes with these trades. As I said above, all of them are 60 seconds trades. I used reversals in supports and resistances, mainly in previous supports and resistances and bounces in the EMA.

In the above screen shot I have three charts. The first one is from EURUSD currency pair, the second one is from USDCHF currency pair and the last is from GBPUSD currency pair. As you can see in these charts, I have only a 50 period exponential moving average and nothing else. The red horizontal lines are supports and resistances. It’s almost naked trading without indicator. In these charts there are two circles with arrows and two rectangles with arrows. I took trades only in the circles. I have the rectangles to show you some solid setups which I didn’t take in this case.

In the first circle in EURUSD currency pair we are in an uptrend, notice the higher highs and the higher lows. We have a support in the 50 period EMA (the green one) and we have our resistance in the second red horizontal line. The second time in which the price touched this resistance level I took an in the money put trade. In the rectangle in the EMA it’s a good opportunity for a call because we are in a strong uptrend as I said before and we have a small rejection.

In the second chart from USDCHF I took an ITM call trade in the circle. The price broke the previous resistance but it hit another stronger previous resistance. In the rectangle is a good opportunity for a put trade. In this case we are in a down trend the price makes lower highs and the reversal in the 50 EMA was possible as it finally happened.

60 Second Binary Options

60-second binary options are for traders that want to be very active in the market and see results fast. Since these options expire in one minute you can potentially do hundreds of trades a day.

Like traditional binary options, if you believe an asset will be higher than the current price 60 seconds from now you’ll buy a call option. If believe an asset will be lower than the current price 60 seconds from now you’ll buy a put option. A correct assessment will land you a pre-determined payout, usually between 60 and 70% on the money you traded (plus you get the money you placed on your trade back). Choose wrong, and you lose amount you placed on the trade.

The 60 seconds starts the second you place the trade. So if you place a trade at 9:45:15 AM, your binary option expires at 9:46:15 AM, 60 seconds later.

Figure 1. 60 Second Binary Options

Figure 1 shows a screenshot of some 60 second binary options. The payout is 67% in this case, and the Target Price is the current price. You’d click “High” or “Low” (not shown) which is equivalent to selecting Call or Put if you think the rate will be above the Target Price in 60 seconds. The 60 seconds begins as soon as you lock in your trade. Often the broker will also provide some other short-term expiries as well. In this case, if you click the dropdown menu you can also select 60 Seconds, 120 Seconds or 300 Seconds.

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Advantages

The main advantage is that you can essentially trade as much as you want. Theoretically you could make a trade every few seconds, or basically as fast as you can click your mouse. This allows you take advantage of any short-term opportunities you may see, without needing to worry about finding an expiry time that suits your timeframe. Simply click to buy a put or call and wait 60 seconds. Trade multiple assets and you could have multiple trades on at one time, all expiring within a very short timeframe.

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From a trading perspective 60 second binary options allow you capitalize on strong market moves effectively. If the EUR/USD for example is having a very strong morning, while you still need to time your entry, chances are the EUR/USD is still going to be strong 60 seconds from now. Therefore, these options let you jump into the flow of the market, and get out of the trade quickly before a major reversal occurs. That said, you’ll still need skill in order to determine when strength may be waning, warning you it is time to back off.

This allows you to seize every possible opportunity, and potentially rack up some big daily gains.

Disadvantages

While you can trade a lot in a day with 60 second binary options and potentially make a lot of money, you could also lose a lot. “Over-trading” is common among new traders who want to try to catch every market move, but these aren’t likely high probability trades to win. Good set-ups often take time to develop, and therefore by using 60 second binary options you may be distracted by mediocre or poor trade set-ups, missing the good ones.

The payouts on 60 second binary options is also generally lower than other more traditional types of binary options, in the 60% area. This means you will need to have a very high win rate when trading. If you lose 100% of the capital you trade on losers, and only make 67% (for example) on your winners, you need to win 6 out of 10 trades to breakeven (tiny profit in this case).

Final Word

60 second binary options provide a load of potential, and provide a way to seize short-term opportunities. Ideally, 60 second binary options should be used for just that–seizing high probability short-term opportunities. There is a big risk of over-trading these types of binary options since there is the possibility of instant gratification, or if you lose the potential for “revenge trading” where you try to recoup losses. This usually doesn’t end well. Lower payouts also signal that these options should be used sparingly. Over the long-run you need to win about 6 out of 10 trades to breakeven. To make a decent profit your win rate will need to be higher. That is difficult if you over-trade or trade mediocre set-ups. As with any trade, trade quality set-ups over quantity.

How to Fall Asleep in 10, 60, or 120 Seconds

Spending more time trying to fall asleep rather than actually sleeping? You’re not alone.

Just the act of trying too hard can cause (or continue) a cycle of anxious, nerve-wracking energy that keeps our minds awake.

And if your mind can’t sleep, it’s really difficult for your body to follow. But there are scientific tricks you can try to flip the switch and guide your body into a safe shutdown mode.

We cover some science-based tricks to help you fall asleep faster.

It usually takes a magic spell to fall asleep this quickly and on cue, but just like spells, with practice you can eventually get to the sweet 10-second spot.

Note: The method below takes a full 120 seconds to finish, but the last 10 seconds is said to be truly all it takes to finally snooze.

The military method

The popular military method, which was first reported by Sharon Ackerman, comes from a book titled “Relax and Win: Championship Performance.”

According to Ackerman, the United States Navy Pre-Flight School created a routine to help pilots fall asleep in 2 minutes or less. It took pilots about 6 weeks of practice, but it worked — even after drinking coffee and with gunfire noises in the background.

This practice is said to even work for people who need to sleep sitting up!

The military method

  1. Relax your entire face, including the muscles inside your mouth.
  2. Drop your shoulders to release the tension and let your hands drop to the side of your body.
  3. Exhale, relaxing your chest.
  4. Relax your legs, thighs, and calves.
  5. Clear your mind for 10 seconds by imagining a relaxing scene.
  6. If this doesn’t work, try saying the words “don’t think” over and over for 10 seconds.
  7. Within 10 seconds, you should fall asleep!

If this doesn’t work for you, you may need to work on the foundations of the military method: breathing and muscle relaxation, which have some scientific evidence that they work. Also, some conditions such as ADHD or anxiety may interfere with this method’s effectiveness.

Keep reading to learn about the techniques this military method is based on and how to practice them effectively.

These two methods, which focus on your breathe or muscles, help you take your mind off topic and back to bed.

If you’re a beginner trying these hacks out, these methods may take up to 2 minutes to work.

4-7-8 breathing method

Mixing together the powers of meditation and visualization, this breathing method becomes more effective with practice. If you have a respiratory condition, such as asthma or COPD, consider checking with your doctor before beginning, as this could aggravate your symptoms.

To prepare, place the tip of your tongue against the roof of your mouth, behind your two front teeth. Keep your tongue there the whole time and purse your lips if you need to.

How to do one cycle of 4-7-8 breathing:

  1. Let your lips part slightly and make a whooshing sound as you exhale through your mouth.
  2. Then close your lips and inhale silently through your nose. Count to 4 in your head.
  3. Then hold your breath for 7 seconds.
  4. After, exhale (with a whoosh sound) for 8 seconds.
  5. Avoid being too alert at the end of each cycle. Try to practice it mindlessly.
  6. Complete this cycle for four full breaths. Let your body sleep if you feel relaxation coming on earlier than anticipated.

Progressive muscle relaxation (PMR)

Progressive muscle relaxation, also known as deep muscle relaxation, helps you unwind.

The premise is to tense — but not strain — your muscles and relax to release the tension. This movement promotes tranquility throughout your body. It’s a trick recommended to help with insomnia.

Before you start, try practicing the 4-7-8 method while imagining the tension leaving your body as you exhale.

Relaxation script

  1. Raise your eyebrows as high as possible for 5 seconds. This will tighten your forehead muscles.
  2. Relax your muscles immediately and feel the tension drop. Wait 10 seconds.
  3. Smile widely to create tension in your cheeks. Hold for 5 seconds. Relax.
  4. Pause 10 seconds.
  5. Squint with your eyes shut. Hold 5 seconds. Relax.
  6. Pause 10 seconds.
  7. Tilt your head slightly back so you’re comfortably looking at the ceiling. Hold 5 seconds. Relax as your neck sinks back into the pillow.
  8. Pause 10 seconds.
  9. Keep moving down the rest of the body, from your triceps to chest, thighs to feet.
  10. Let yourself fall asleep, even if you don’t finish tensing and relaxing the rest of your body.

As you do this, focus on how relaxed and heavy your body feels when it’s relaxed and in a comfortable state.

If the previous methods still didn’t work, there might be an underlying blockage you need to get out. Try these techniques!

Tell yourself to stay awake

Also called paradoxical intention, telling yourself to stay awake may be a good way to fall asleep faster.

For people — especially those with insomnia — trying to sleep can increase performance anxiety.

Research has found that people who practiced paradoxical intention fell asleep faster than those who didn’t. If you often find yourself stressed out about trying to sleep, this method may be more effective than traditional, intentional breathing practices.

Visualize a calm place

If counting activates your mind too much, try engaging your imagination.

Some say that visualizing something can make it real, and it’s possible this works with sleep, too.

In a 2002 study from the University of Oxford, researchers found that people who engaged in “imagery distraction” fell asleep faster than those who had general distraction or no instructions.

Image distraction

  • Instead of counting sheep, try to imagine a serene setting and all the feelings that go with it. For example, you can imagine a waterfall, the sounds of echoing, rushing water, and the scent of damp moss. The key is to let this image take up space in your brain to prevent yourself from “re-engaging with thoughts, worries, and concerns” pre-sleep.

Acupressure for sleep

There’s not enough research to confidently determine if acupressure truly works. However, the research that’s available is promising.

One method is to target areas you know and feel are particularly tense, such as the upper part of your nose bridge or your temples.

However, there are also specific points in acupressure that are reported to help with insomnia. Here are three you can do without sitting up:

1. Spirit gate

The technique

  1. Feel for the small, hollow space under your palm on your pinky side.
  2. Gently apply pressure in a circular or up-and-down movement for 2 to 3 minutes.
  3. Press down the left side of the point (palm facing) with gentle pressure for a few seconds, and then hold the right side (back-of-hand facing).
  4. Repeat on the same area of your other wrist.

2. Inner frontier gate

The technique

  1. On one palm facing up, count three finger-widths down from your wrist crease.
  2. With your thumb, apply a steady downward pressure between the two tendons.
  3. You can massage in circular or up-and-down motion until you feel your muscles relax.

3. Wind pool

The technique

  1. Interlock your fingers together (fingers out and palms touching) and open up your palms to create a cup shape with your hands.
  2. Position your thumbs at the base of your skull, with thumbs touching where your neck and head connect.
  3. Apply a deep and firm pressure, using circular or up-and-down movements to massage this area.
  4. Breathe deeply and pay attention to how your body relaxes as you exhale.

If you’ve tried these methods and are still finding yourself unable to fall asleep in 2 minutes or less, see if there are other tips you can take to make your bedroom a more sleep-friendly place.

Have you tried…

  1. hiding your clock
  2. taking a warm shower before bed
  3. opening the window to keep your room cool
  4. wearing socks
  5. a gentle 15-minute yoga routine
  6. placing your phone far away from your bed
  7. aromatherapy (lavender, chamomile, or clary sage)
  8. eating earlier to avoid stomach digestion or stimulation before bed

If you find the atmosphere in your room to be damaging to your sleep, there are tools you can use to block out the noise. Literally.

Try investing in blackout curtains, white noise machines (or listening to music with an auto-stop timer), and ear plugs, all of which you can buy online.

On the other hand, sleep hygiene, or clean sleep, is real and effective.

Before you truly take on the military method or 4-7-8 breathing, see what you can optimize to your bedroom for soundless slumber.

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