Poll: Will it work?

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  1. #1
    Active Member

    Hot 60 Seconds Strategy... That MIGHT Actually Work???? !!!

    Hi there everyone, I found this video on Youtube about a 60 seconds strategy . http://www.youtube.com/watch?v=dfhL93ts2WI
    It's not the usual Kieth Jones one it actually has meaning and proper reasons behind it to take a call or put, (from what i can see. But then again i am a newbie so i might be wrong.)

    Which is why i thought i'd link it here to see what the ACTUAL REAL traders thought about it.
    It does seem like it would work though as Finacial TJ states.

    So let me know what you all think.

    Regards Liam Morrison.

  2. #2
    Active Member
    Just to let you know this is part 1.

    I couldn't find part 2 he might not have put it up yet but the strategy is explained in this part.

    All the best.

  3. #3
    Active Member
    For people that dont want to watch the video what he does is he uses the 1min chart and 133 tick charts.

    Situation 1: So what he does is you need 3 consecutive same coloured candles and also the 133 tick chart must be the same colour as the 3 candles e.g 3 red candles for put 133 tick chart showing red to. Then on the opening of the 4th candle you place a 60 second trade, now if this trade LOSES you STOP and sit out for a bit to take a look and see if you can go in again. If you go in again and it wins just keep going until you LOSE then STOP.

    Situation 2: Now if the first trade wins you keep going until you lose then STOP and reevaluate to see if you can re-enter or if the trend has disappeared, if it has wait for another setup.

    Situation 3: If you enter on the first trade and it loses do the same as Situation 1, BUT when you put down your 2nd trade if that loses as well you just STOP and STAY OUT, DON'T get back in for a while because its not going your way at the moment.

    Now he shows shots of when he took trades and what the outcomes where and explains when the signals all happened and when he entered.

    I might have missed out something or not explained it how it's meant to go so best thing is to watch the video but this is the brief rundown.
    All thoughts and comments will be appriciated

  4. #4
    Active Member
    At 12:00 on the video is where he explains the strategy =)

  5. #5
    Active Member rongold's Avatar
    Hi, Liam.

    I watched the video. The strategy is really well designed, but that doesn’t mean it is profitable. The only way we could prove it is to test it, back or forward. Do you have any testing results to show us, what you could achieve with it? I think it could be pretty easy to make the tests, as the strategy is very short term strategy and could be tested on a reasonably small period of time!

  6. #6
    Active Member
    Quote Originally Posted by rongold View Post
    Hi, Liam.

    I watched the video. The strategy is really well designed, but that doesn’t mean it is profitable. The only way we could prove it is to test it, back or forward. Do you have any testing results to show us, what you could achieve with it? I think it could be pretty easy to make the tests, as the strategy is very short term strategy and could be tested on a reasonably small period of time!
    Hi rongold,

    I haven't tested the strategy yet but i thought i would bring it here to see what everyone thought, or that someone might have tried something similar to this that would have worked?
    Ill test it out hopefully in the week to come and i can let you know some results that i find. If anyone else wants to try then be my guest, the more the merrier. Lol

  7. #7
    Specialist Member runneroption's Avatar
    Yes, Exactly! If there are more people to test it will be great. I have some reservations as most of the short-term scalping strategies aren’t working because of the complexity of the price movements. I don’t say it is impossible to trade one minute charts profitably but it could be mostly the discretionary trading approach, not such simple strategies. The strategies are better for higher time frame.

  8. #8
    Active Member
    Quote Originally Posted by runneroption View Post
    Yes, Exactly! If there are more people to test it will be great. I have some reservations as most of the short-term scalping strategies aren’t working because of the complexity of the price movements. I don’t say it is impossible to trade one minute charts profitably but it could be mostly the discretionary trading approach, not such simple strategies. The strategies are better for higher time frame.
    Sorry for the late reply. So would you say that this could be applied to any time frame? e.g 5min 30 min? If so in that case even though i'm new wouldn't that mean that the signals would be stronger?

  9. #9
    Rookie Member BinaryOptionsVic's Avatar
    Test test test... It looks interesting, but we have to test it further to really know about it. Higher time frames are easier, but 60 seconds to give some incredible feelings!

  10. #10
    Specialist Member marvel's Avatar
    Liam I don’t want to discourage you of testing this strategy but it won’t work especially on such a short time frame. If you test it on 15 or 30 minutes expiration it probably could give better results but it also need a detailed testing.

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