1.8% Profit per Day Compounded over 220 Days

[expiated]

As it turns out, it appears the Cable pairs might indeed be making an attempt to turn north, which required me to take additional action. Once GBPJPY climbed back up to 142.63, it had reached the upper region of what I calculated to be its typical day range (between 140.51 and 140.84). So when the pair again evidenced signs of a southward reversal, I purchased a 2-hour put contract based on the thought that it would probably be in-the-money at expiry two hours later.

Unfortunately, the pair decided to be stubborn about giving up ground, and I missed enjoying a successful trade by just two-tenths of a pip (000.002)...



...which forced me to make a third trade if I wished to end the day profitably. Given that the situation had not changed (market structure still suggested there was a much greater statistical probability of price falling rather than rising) I purchase yet another put contract, this time for $3.00, scheduled for expiry in two hours (once again).

This time the rate was less stubborn, so I finally collected the payoff I needed. But somehow, instead purchasing a $3.00 contract as I had intended, I mistakenly purchased yet another $1 contract, so instead of my balance increasing to $141.63, it is only back up to $138.01. (I hate making such careless mistakes!)

This is all the trading I will be doing for this morning/afternoon. Hopefully I can push the account up above $140 tonight.

 

[expiated]

At 8:43 p.m. GMT I purchased a $1 GBPJPY put contract that closed in-the-money seven hours later. Also, at 9:00 p.m. GMT I purchase a $1 GBPJPY “Does Not Touch” contract which will increase my balance to $139.58 if it is still in-the-money at expiry approximately 17 hours from now.

I originally came back to Binary dot com planning to work with one or more partners to replenish the balance I withdrew from my OANDA trading account for Christmas shopping, and because I was dissatisfied with how slowly that account had been growing.

However, this process of optimizing the system for a potential partnership has refined it to such a degree that I am now willing to trade it via NADEX instead of OANDA. This will incur more risk, but if successful, I will make up to $100 a day from the first day of trading. Also, the setup at NADEX will allow me to purchase what will essentially be “No Touch” contracts that last for a maximum of just two hours rather than the ridiculous minimum 24 to 48 hours compelled by Binary dot com's platform.

 

[expiated]

Friday, December 27, 2019 / 3:00 p.m. PST

Even with all the experimental trading I did today, I was nonetheless able to avoid losing ground...

In evaluating the results, I threw together a chart configuration designed to facilitate the purchase of very short (for me) binary option contracts, probably like ten minutes in duration, which I intend to test next week as I get ready to possibly transfer from trading via OANDA to trading via NADEX. (I say possibly because I still have a ton of negative opinions about NADEX, but since I can't trade via Binary dot com, those are my only two options.)

 

[ZBZB]

Binary options are an Israeli scam. They will never let you withdraw the money.

Trade options on a regulated exchange from a regulated brokerage account.

Simulate a binary option by buying a call and selling a higher strike call. Or vice versa with puts.

There are options on currency futures at the CME or do it on currency ETFs in a securities account.

This thread should be closed.

 

[Overnight]

Binary options are an Israeli scam. They will never let you withdraw the money.

Trade options on a regulated exchange from a regulated brokerage account.

Simulate a binary option by buying a call and selling a higher strike call. Or vice versa with puts.

There are options on currency futures at the CME or do it on currency ETFs in a securities account.

This thread should be closed.

That's rude. This is the guy's journal, and he is journaling what he is doing. Let him take his journey, but don't suggest that the journal should be closed because YOU do not like binary options.

Jeez, I tend to wonder if you really are that ZB32 guy from Malta.

 

[ZBZB]

That's rude. This is the guy's journal, and he is journaling what he is doing. Let him take his journey, but don't suggest that the journal should be closed because YOU do not like binary options.

Jeez, I tend to wonder if you really are that ZB32 guy from Malta.

Has anybody ever withdrawn money from a binary options company? How do we know he does not work for a binary options company?

 

[ZBZB]

Here is the coverage on binary options from the times of Israel.

https://www.timesofisrael.com/topic/binary-options/

it is highly irresponsible for this site to allow any publicity for this scam.

 

[Overnight]

Has anybody ever withdrawn money from a binary options company? How do we know he does not work for a binary options company?

...it is highly irresponsible for this site to allow any publicity for this scam...

I suppose you'd have to ask the OP that question. Far as I remember, OP was trading FX pairs. I missed the switch to FX binary options.

But again, it is his journal. If you have a legitimate complaint about this man's journal, report it with your complaint. I know what the response will be, because the site owners are not communists.

One other thing. Note the date this journal started, and note the date you joined this site. Commie! lol!

 

[expiated]

In evaluating the results, I threw together a chart configuration designed to facilitate the purchase of very short (for me) binary option contracts, probably like ten minutes in duration, which I intend to test next week as I get ready to possibly transfer from trading via OANDA to trading via NADEX.

I focused on one-minute charts this morning, but in going back and reviewing the other time frames I posted in another thread on Wednesday, I'm somewhat looking forward to the opportunity this coming week to combine the above configuration (Post #303) with the one pictured below in the upper-right-hand corner (my 60-minute setup).

I think closely comparing these two configurations in particular might lead to a rather enjoyable trading experience.

 

[expiated]

As best as I can tell, it appears (to me) that about a year ago NADEX began offering something called "touch brackets." Given how Numerical Price Prediction works, I can theoretically use this new feature to avoid their exchange's ridiculous risk-to-reward structures, but if I'm not mistaken, they offer it for only four of the currency pairs.

Also, the information they provide states that the bracket contracts are listed at the beginning of the week with a maximum duration of one week. This was initially a big turnoff for me, but on reading further I realized that since a new bracket is listed whenever the floor or ceiling of a bracket is touched and expired, limitations are not quite as great as I originally thought.

However, the only times it will make sense for me to execute such trades is when rates near one of my projected price ranges going in the "wrong" direction, and then reverse course so I can get in with extremely limited risk on the one end and lots and lots of room for profit on the other. (The floors and ceilings of the corresponding brackets match my projected price ranges very closely.)