I am evaluating the feasibility of trading one specific setup and nothing else. I have an EA loaded to set off an alarm whenever market structure comes into alignment with the corresponding parameters so that I can completely ignore what's going on otherwise. My plan is to purchase a Nadex touch bracket or call spread as appropriate whenever candlesticks bounce off statistical support or resistance to cross the brick red trigger line (not pictured).
1.8% Profit per Day Compounded over 220 Days
- Thread starter expiated
- Start date
This is what it actually looks like as the trade unfolds...
The plan is to exit with profit once the trend turns against itself.
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That one specific trade setup was pretty much a total flop. It was fine for assessing how things were going to start out, but had virtually no predictive value in terms of knowing where and when things were going to end up. But this strategy here holds much more promise. I tried using this chart configuration for purchasing binary option contracts at Binary dot com...
...and ended up making six winning trades in a row, right off the the bat.
Next week, when Nadex resumes its normal operation, I will have to see how this technique might best be applied to their trade structures. Theoretically, I could also use it with a traditional Forex broker...
...but first I would need an account balance large enough to make it practical.
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Friday / January 6, 2020 / 11:59 a.m. PST
I just purchased a Binary dot com one-day binary option does-not-touch call contract. So does that mean expiry will be tomorrow or the day after? I just viewed the trade and Remaining Time says 1 day, 04:01:00. So what...is that 28 hours? Is it four hours after whatever they count as the end of tomorrow? I should check back at 4:00 p.m. PST and see how much time it says is remaining then.
I just purchased a Binary dot com one-day binary option does-not-touch call contract. So does that mean expiry will be tomorrow or the day after? I just viewed the trade and Remaining Time says 1 day, 04:01:00. So what...is that 28 hours? Is it four hours after whatever they count as the end of tomorrow? I should check back at 4:00 p.m. PST and see how much time it says is remaining then.
HOW BINARY DOT COM DEFINES A DAY...
Yeah... so apparently, if I purchase a one-day contract at Binary dot com, that day does not even begin until 4:00 p.m. Pacific Standard Time, and it ends 24 hours after that. So in other words, I should not purchase a one-day contract at 4:05 p.m. or I'm going to have to wait almost a whole 48 hours until expiry!!!
Monday / January 13, 2020 / 9:30 a.m. PST
I adjusted my AUDUSD take-profit target so I could exit the position now and go about the rest of my day. Too bad GBPJPY and USDCHF decided to reverse direction on me—especially the former. Otherwise my haul today would have been more than double...
In any event, when I go back to trading my live account, I will be using this Enter Anywhere Orange/Brown strategy. Though it forces me to wait a lot longer for the average trade to pay off, it is much, much less labor intensive.
I adjusted my AUDUSD take-profit target so I could exit the position now and go about the rest of my day. Too bad GBPJPY and USDCHF decided to reverse direction on me—especially the former. Otherwise my haul today would have been more than double...
In any event, when I go back to trading my live account, I will be using this Enter Anywhere Orange/Brown strategy. Though it forces me to wait a lot longer for the average trade to pay off, it is much, much less labor intensive.
Monday / January 13, 2020 / 4:20 p.m. PST
Well, this was a profitable day trading my traditional Forex brokerage account using the Enter Anywhere Orange/Brown system, but not so for my Forex binary option account due to the fact that four currency pairs, EURUSD, GBPJPY, NZDUSD, and USDCHF all reversed direction on me.
This makes me curious as to how often this actually happens. On average, how many of the major currency pairs reverse the direction of their day-to-day trend each day?
USDCAD looks like it might be trying to do so right now, so I’m going to stay away from the pair for the time being. Instead I’m going to short USDCHF, EURAUD, GBPJPY and GBPUSD; and buy AUDUSD, EURUSD and NZDUSD with expiry set 18 hours from now.
Well, this was a profitable day trading my traditional Forex brokerage account using the Enter Anywhere Orange/Brown system, but not so for my Forex binary option account due to the fact that four currency pairs, EURUSD, GBPJPY, NZDUSD, and USDCHF all reversed direction on me.
This makes me curious as to how often this actually happens. On average, how many of the major currency pairs reverse the direction of their day-to-day trend each day?
USDCAD looks like it might be trying to do so right now, so I’m going to stay away from the pair for the time being. Instead I’m going to short USDCHF, EURAUD, GBPJPY and GBPUSD; and buy AUDUSD, EURUSD and NZDUSD with expiry set 18 hours from now.
Tuesday / January 14, 2020 / 12:45 a.m. PST
USDCAD looks like it is trying to reverse south to me, so I am thankful to get out at break even. I should have gotten more out of GBPJPY, which hit my take-profit target, except my 4-key is stuck and did not register the number when I typed it, which I did not realize because I had already plotted a line there and thought my take-profit target was underneath it, which it wasn’t. I therefore had to lock in my profits manually after the position had already begun to reverse.
I’m angry at NZDJPY for stopping me out because the pair is still bullish. I reentered a long position, so I’m hoping it will give me back my loss. I wanted to see how much I might rack up if none of the pairs reversed direction on me this 24-hour market cycle, but thanks to NZDJPY, that ain’t gonna happen now.
USDCAD looks like it is trying to reverse south to me, so I am thankful to get out at break even. I should have gotten more out of GBPJPY, which hit my take-profit target, except my 4-key is stuck and did not register the number when I typed it, which I did not realize because I had already plotted a line there and thought my take-profit target was underneath it, which it wasn’t. I therefore had to lock in my profits manually after the position had already begun to reverse.
I’m angry at NZDJPY for stopping me out because the pair is still bullish. I reentered a long position, so I’m hoping it will give me back my loss. I wanted to see how much I might rack up if none of the pairs reversed direction on me this 24-hour market cycle, but thanks to NZDJPY, that ain’t gonna happen now.
Sunday / January 26, 2020 / 10:30 a.m. PST
I am seriously considering using NADEX rather than OANDA when I resume live trading next week or next month (God willing) after having withdrawn my trading account back in November to purchase Christmas gifts. (I am not using the "Enter Anywhere Orange/Brown" system anymore, but am instead implementing a much better offshoot—the "Shoreline Touch" strategy.)
Though NADEX involves either ridiculous risk or extremely adversarial time constraints, if used correctly, Numerical Price Prediction's Shoreline Touch strategy could seemingly lead to an almost perfect success rate, which might possibly overcome NADEX's otherwise almost insurmountable hurdles, and this has the potential to result in a doubling of returns very quickly, every week in fact, but the key is using the system correctly.
Since I established this thread almost exactly two years ago (on January 27, 2018) it would be nice to make up for lost time in this way (seeing as I'm more than a year behind schedule). But being close to my goal—maybe—it is important not to become impatient. Having waited this long, it would be a tiny bit tragic to let the perceived nearness of the rainbow's end trip me up now.
Therefore, to help me stay on track over the next two months (i.e., obey the system's rules without deviation), I checked out the book of Proverbs to see if I could find any related verses on patience I might memorize, and found the following:
I am seriously considering using NADEX rather than OANDA when I resume live trading next week or next month (God willing) after having withdrawn my trading account back in November to purchase Christmas gifts. (I am not using the "Enter Anywhere Orange/Brown" system anymore, but am instead implementing a much better offshoot—the "Shoreline Touch" strategy.)
Though NADEX involves either ridiculous risk or extremely adversarial time constraints, if used correctly, Numerical Price Prediction's Shoreline Touch strategy could seemingly lead to an almost perfect success rate, which might possibly overcome NADEX's otherwise almost insurmountable hurdles, and this has the potential to result in a doubling of returns very quickly, every week in fact, but the key is using the system correctly.
Since I established this thread almost exactly two years ago (on January 27, 2018) it would be nice to make up for lost time in this way (seeing as I'm more than a year behind schedule). But being close to my goal—maybe—it is important not to become impatient. Having waited this long, it would be a tiny bit tragic to let the perceived nearness of the rainbow's end trip me up now.
Therefore, to help me stay on track over the next two months (i.e., obey the system's rules without deviation), I checked out the book of Proverbs to see if I could find any related verses on patience I might memorize, and found the following:
- Proverbs 19:2b …he who hurries, his footsteps err.
- Proverbs 21:5 The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.
- Proverbs 28:20 A faithful man will abound with blessings, but he who makes haste to be rich will not go unpunished.
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