Why did you blot out today's profit?
1.8% Profit per Day Compounded over 220 Days
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Why did you blot out today's profit?
Thursday, November 4, 2021
After a week or two of being unusually stubborn and uncooperative about trending, the currency pairs at long last made decisive moves during this last 24-hour market cycle, handing me my most productive day to date. Obviously, this is not at all typical, but it is indicative of the kinds of returns possible when using the pseudo-swing method of employing my Numerical Price Prediction Forex trading system, which I have finally settled on after experimenting with a number of different variations...
After a week or two of being unusually stubborn and uncooperative about trending, the currency pairs at long last made decisive moves during this last 24-hour market cycle, handing me my most productive day to date. Obviously, this is not at all typical, but it is indicative of the kinds of returns possible when using the pseudo-swing method of employing my Numerical Price Prediction Forex trading system, which I have finally settled on after experimenting with a number of different variations...
Tuesday, November 9, 2021
The balance in my NADEX demo account has jumped from about $776 a week ago to approximately $1,044 today. This suggests that the culminating style of trading Numerical Price Prediction arrived at last week just might allow me to begin trading in my NADEX live account quite successfully via the Knock-out contracts the outfit began offering probably around May of last year (2020).
The balance in my NADEX demo account has jumped from about $776 a week ago to approximately $1,044 today. This suggests that the culminating style of trading Numerical Price Prediction arrived at last week just might allow me to begin trading in my NADEX live account quite successfully via the Knock-out contracts the outfit began offering probably around May of last year (2020).
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I've yet to parlay $100 into $5000, primarily because I keep going off on tangents as I work to take the system to the next higher level. As a result, 2022 just might be the year for me to make up for lost time. Presently, my plan is to be working with anywhere from one to three partners to, for one thing, apply Numerical Price Prediction (NPP) to trading binary options via PocketOption, where I've already proven I can generate at least $66.85 in a single day...
Our planned launch date is January 19, 2022. So, this gives me almost a month to get proficient at this, which I've almost done, and to gain complete confidence in my ability to execute this strategy with considerable expertise, which I doubt is very far off.
Also, this final version of NPP has prompted me to code an indicator for 15-minute charts to alert me whenever a possible setup develops that might lend itself to Nadex binary options or call spreads....
If I play my cards right, these potential opportunities might easily net me $25 to $100 a day at about a 1:1 or 4:5 reward-to-risk ratio...
Hopefully, everything is all worked out now, with the level at which NPP is now operating making $5000 too conservative a goal to constitute a real challenge for the upcoming year. (But of course, talk is cheap. The proof is in the pudding.)
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A FINAL WORD?
It is just a bit over four years since I initially started this thread, and I would not be surprised to find that this is the last entry I post to this journal.
As it turns out, I abandoned trading via OANDA and switched to trading through the potentially more lucrative NADEX exchange, where it is possible to generate anywhere from $15 to $100+ per day using an opening balance of $100, along with a strategy involving temporal baselines and typical price ranges for purchasing 20-minute and 2-hour in-the-money binary option contracts (though the latter should only be bought after the first hour [or more] has already transpired).
So then, the initial plan of attempting to parlay $100 into $5000 by the end of the year should probably be accelerated to reaching the same goal by the end of one or two months.
Again, the conclusion I've reached after four years is that it is much more fruitful trading with NADEX than it is trading with OANDA, PROVIDED one is able to do so successfully, which is quite a challenge, but CAN be achieved (aside from any other profitable systems) by using a version of Numerical Price Prediction (NPP) specifically tailored for this particular task—where positions are continuously monitored until expiry, and are exited immediately if and when the temporal measures signal a reversal in the corresponding trend.
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NADEX's platform is rather inflexible, so I could only display three of my five open positions on Thursday, but the point here is that I have discovered that, supposing one only has access to a tiny account, if traded well, NADEX Knock-outs have the potential to be ten times as lucrative as trading 0.01-sized lots with a traditional Forex broker, returning $1.00 per pip as opposed to a mere (approximately) 10¢.
If you had traded the AUD/JPY Knock-out with a $100 trading account, you would have reaped a 27% return on your initial balance within just one to three hours of market activity!
Of course, since a move of a single pip is worth a dollar, trading NADEX Knock-outs starting with a $100 account, by definition, breaks the one percent rule, which states that no single trade should risk more than one percent of an individual's total account value.
But, if you are trading a system where your daily success rate is easily north of 85% and the reward-to-risk ratio on each of your trades averages at least a minimum of three-to-one, the proposition of blowing up you trading account is only just barely worth considering. (All things being equal, it ain't going to happen.)
And besides, NPP interprets what price is doing in the moment—not so much what it is going to do somewhere down the road. So, for example, if the system indicates that price is reversing direction and starting a new trend, but it doesn’t follow through, there is no point in waiting around to see if one's stop loss is eventually hit. The fact that what was forecast is not taking place already renders the forecast null and void, hence the position should be abandoned immediately—minimizing losses to even less than stops.
And should conditions just so happen to change such that the original forecast once again comes into play, positions can always be reentered at that time, if and when such changes actually come into effect.
It is at least theoretically possible to double a $10,000 NADEX account balance in two months, as the latest endeavor in my demo account verifies...
Do that every two months for a year without making any withdrawals, and you could be a millionaire within the first two months of the next year.
Do that every two months for a year without making any withdrawals, and you could be a millionaire within the first two months of the next year.
Monday | August 22, 2022 | 9:20 AM PST
Today I returned to live activity following an extended period of demo trading conducted to develop what I take to be the "ultimate" version of Numerical Price Prediction, which I call "Bias Overlap."
I am posting this entry to express the belief that by trading NADEX Knock-outs as opposed to using a traditional Forex broker, a retail trader can generate returns much, much greater than 1.8% per day, or even 15% per day.
The first mention I can find of NADEX knock-outs is this video from April 15, 2020.
So then, I don't think this particular financial instrument was available when I first established this thread back on January 27, 2018.
Because knock-outs return $1.00 per pip, if you opened an OANDA account with $250.00 and a NADEX account with $250.00, compared to NADEX Knock-outs, the OANDA account would only be able to return pennies on the dollar (using the minimum trade size of 0.01 lots as opposed to NADEX’s minimum trade size of one contract).
I have attached images representing the first two trades I executed this week. The vertical line shows when I entered the positions and the second horizontal line, the one I plotted after the crosshair formed by the vertical line and its related horizontal line (accompanied by the candlesticks), represents the exit level(s).
As you can see, theoretically, the USDCHF long position would have paid out a maximum of about $88 and the EURUSD short position would have returned a maximum of around $67. (Not necessarily quite that much due to the limitations of the corresponding floors/ceilings.)
That's a $155 return off a $250 deposit, in just one day! Or a roughly 62% daily ROI.
Of course, this won't happen every day. But, it illustrates just how much potential is there IF one knows what he or she is doing. The only caveat is that most traders are not using a system where the daily success rate is 85% or better.
Today I returned to live activity following an extended period of demo trading conducted to develop what I take to be the "ultimate" version of Numerical Price Prediction, which I call "Bias Overlap."
I am posting this entry to express the belief that by trading NADEX Knock-outs as opposed to using a traditional Forex broker, a retail trader can generate returns much, much greater than 1.8% per day, or even 15% per day.
The first mention I can find of NADEX knock-outs is this video from April 15, 2020.
So then, I don't think this particular financial instrument was available when I first established this thread back on January 27, 2018.
Because knock-outs return $1.00 per pip, if you opened an OANDA account with $250.00 and a NADEX account with $250.00, compared to NADEX Knock-outs, the OANDA account would only be able to return pennies on the dollar (using the minimum trade size of 0.01 lots as opposed to NADEX’s minimum trade size of one contract).
I have attached images representing the first two trades I executed this week. The vertical line shows when I entered the positions and the second horizontal line, the one I plotted after the crosshair formed by the vertical line and its related horizontal line (accompanied by the candlesticks), represents the exit level(s).
As you can see, theoretically, the USDCHF long position would have paid out a maximum of about $88 and the EURUSD short position would have returned a maximum of around $67. (Not necessarily quite that much due to the limitations of the corresponding floors/ceilings.)
That's a $155 return off a $250 deposit, in just one day! Or a roughly 62% daily ROI.
Of course, this won't happen every day. But, it illustrates just how much potential is there IF one knows what he or she is doing. The only caveat is that most traders are not using a system where the daily success rate is 85% or better.