Beta Testing the New Nadex Trading Platform
- Thread starter expiated
- Start date
Tuesday / January 19, 2021
I just noticed this morning that Nadex has fixed this problem...
So I can finally update the listing of contracts at the top of each hour from within the platform, so that I no longer have to refresh my browser, which almost always resulted in the page closing so that I had to log-in to the website all over again...
I just noticed this morning that Nadex has fixed this problem...
So I can finally update the listing of contracts at the top of each hour from within the platform, so that I no longer have to refresh my browser, which almost always resulted in the page closing so that I had to log-in to the website all over again...
Last edited:
The above is no longer applicable in that I've switched to a style of trading that combines what I call Secret Sauce, Touch, and Structure-based versions of Numerical Price Prediction which demands even less attention when I'm trading through traditional brokers such as OANDA while at the same time offering the potential of realizing upwards of 200 pips worth of profit per day (an average of 18 pips per trade) making it possible for me to make almost just as much money using traditional brokers without encountering anywhere near as much risk as when trading via Nadex.
Today's Performance (01/19/2021):
Last edited:
Despite what I wrote on Tuesday, I went ahead and dropped $100 in my Nadex live account thinking that the composite approach to trading NPP might enable me to successfully purchase in-the-money binary option contracts with a reward-to-risk ratio more like 3:7 or 4:6 as opposed to 2:8 or worse, which has been more the norm.
My problem is that each individual contract costs me a hundred bucks, so I'm going to have to establish a perfect record over my first six to eight trades to provide me with enough of a "cushion" to manage (exit) trades which turn against me without it amounting to a substantive financial impact.
Wednesday / February 24, 2021 / 11:00 AM PST
It looks like once you get beyond a 10-hour expiry, the interval between strike prices increases from 20 to 40 pips. So, it looks like in general, to maximize returns while minimizing the number of hours I'm in a trade, that's roughly the number of hours I should be shooting for.
The numbers...
...suggested to me that, outside of what I view as a totally outlandish 2:8 reward-to-risk ratio, a Nadex in-the-money GBDUSD binary option call contract with a 10-hour expiry was not exactly an unreasonable trade to make...
It looks like once you get beyond a 10-hour expiry, the interval between strike prices increases from 20 to 40 pips. So, it looks like in general, to maximize returns while minimizing the number of hours I'm in a trade, that's roughly the number of hours I should be shooting for.
The numbers...
...suggested to me that, outside of what I view as a totally outlandish 2:8 reward-to-risk ratio, a Nadex in-the-money GBDUSD binary option call contract with a 10-hour expiry was not exactly an unreasonable trade to make...
Last edited:
Wednesday / March 3, 2021 / 7:55 AM PST
In responding to a 1.8% Profit per Day Compounded over 220 Days question yesterday posted by easymon1 on Monday, it occurred to me that moving up to the purchase of weekly contracts might be a solution to the necessity of being right more-or-less 100% of the time when purchasing in-the-money Nadex binary option contracts if starting with a $100 account balance.
To put this theory to the test, I purchased an EURGBP weekly put contract. The trade was confirmed by the 16-hour baseline...
However, given that the eight-hour baseline was essentially neutral, and that as presently conceptualize, Numerical Price Prediction has the eight-hour baseline as its supporting foundation, I now have reservations about making that trade.
I think the better choice is to purchase weekly contracts when the trade is confirmed by the 16-hour baseline AND there is a pullback in price to at least the 12-hour temporal support/resistance level (if not the 24-hour temporal support/resistance level) WITH the eight-hour baseline evidencing a pronounce bullish or bearish bias, as appropriate.
That's what I did this morning when I purchased three EURJPY in-the-money weekly call binary option contracts...
I will be curious to see on Friday which of these positions are still in-the-money at expiry, if either.
In responding to a 1.8% Profit per Day Compounded over 220 Days question yesterday posted by easymon1 on Monday, it occurred to me that moving up to the purchase of weekly contracts might be a solution to the necessity of being right more-or-less 100% of the time when purchasing in-the-money Nadex binary option contracts if starting with a $100 account balance.
To put this theory to the test, I purchased an EURGBP weekly put contract. The trade was confirmed by the 16-hour baseline...
However, given that the eight-hour baseline was essentially neutral, and that as presently conceptualize, Numerical Price Prediction has the eight-hour baseline as its supporting foundation, I now have reservations about making that trade.
I think the better choice is to purchase weekly contracts when the trade is confirmed by the 16-hour baseline AND there is a pullback in price to at least the 12-hour temporal support/resistance level (if not the 24-hour temporal support/resistance level) WITH the eight-hour baseline evidencing a pronounce bullish or bearish bias, as appropriate.
That's what I did this morning when I purchased three EURJPY in-the-money weekly call binary option contracts...
I will be curious to see on Friday which of these positions are still in-the-money at expiry, if either.
Some twelve hours later, with EURJPY at 129.03, the eight-hour trend has gone neutral, which makes me a little bit nervous. However, I calculate the twelve-hour temporal support level at 128.97, which bodes well regardless, even if the shorter-term trend turns bearish for a while, and even the 24-hour temporal support level is at 128.73, just a little below the 128.75 strike price.
So, if the pair climbs at some point during the rest of the week (as it "should" do) I ought to still be okay at expiry on Friday.
So far so good...
If fact, five hours ago EURJPY was as high as 129.63. But, such is the nature of the Forex market.
Candidates for Nadex Weekly Binary Option Contracts…
AUDUSD’s six-day trend is still bullish, yet candlesticks are painting only slightly above the outer lower band of the three-day price range as well as to the outside of the outer lower band of the daily price range. So, it might make sense to purchase a weekly binary option call contract if candlesticks bounce off support and the daily trend line reverses direction to head north.
GBPUSD’s six-day trend is still bullish, yet candlesticks are painting on top of the inner lower band of the three-day price range as well as between the inner and outer lower bands of the daily price range. It might therefore make sense to purchase a weekly binary option call contract if candlesticks bounce off support and the four-hour and eight-hour baselines reverse direction to head north—especially once they cross over the sixteen-hour and daily baselines.
NZDUSD is essentially in the same situation as AUDUSD.
EURAUD and USDCAD are both structured to fall, but they were more-or-less that way all of last week, so they can't be trusted—not even if you try entering positions near the top of the daily and three-day price ranges.
AUDUSD’s six-day trend is still bullish, yet candlesticks are painting only slightly above the outer lower band of the three-day price range as well as to the outside of the outer lower band of the daily price range. So, it might make sense to purchase a weekly binary option call contract if candlesticks bounce off support and the daily trend line reverses direction to head north.
GBPUSD’s six-day trend is still bullish, yet candlesticks are painting on top of the inner lower band of the three-day price range as well as between the inner and outer lower bands of the daily price range. It might therefore make sense to purchase a weekly binary option call contract if candlesticks bounce off support and the four-hour and eight-hour baselines reverse direction to head north—especially once they cross over the sixteen-hour and daily baselines.
NZDUSD is essentially in the same situation as AUDUSD.
EURAUD and USDCAD are both structured to fall, but they were more-or-less that way all of last week, so they can't be trusted—not even if you try entering positions near the top of the daily and three-day price ranges.
Sunday / March 7, 2021
From the Numerical Price Prediction Daily Analyses thread:
You also noted in the Numerical Price Prediction Daily Analyses thread that the eight-hour trend fills this role at the intraday level—which means if you purchase a Nadex weekly binary option contract and subsequently observe a reversal in the eight-hour baseline, it is time to immediately exit that position with whatever amount of profit is available at that moment.
From the Numerical Price Prediction Daily Analyses thread:
You also noted in the Numerical Price Prediction Daily Analyses thread that the eight-hour trend fills this role at the intraday level—which means if you purchase a Nadex weekly binary option contract and subsequently observe a reversal in the eight-hour baseline, it is time to immediately exit that position with whatever amount of profit is available at that moment.