Beta Testing the New Nadex Trading Platform
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No point in commenting further. Everything is validated. Everything is confirmed. Everything is working, thanks be to God. It's now just a matter of trading the system, Knock-outs where it makes sense, binary options when it makes sense, and setting take-profit targets when and where it makes sense.
Excellent man! Now go forth and multiply!
(See you back here in a few weeks on your 18th journal on why this idea did now work.)
Numerical Price Prediction has been refined to the nth degree now, culminating in a tactical protocol labeled as the Six-minute Strategy. Based on this view of the market, I'm not expecting USDJPY to rise in the next hour, so I purchased ten in-the-money two-hour binary option put contacts having a quite odious reward-to-risk ratio of 1:9.
Wednesday | May 11, 2022 | 6:05 PM PST
I'm not beta testing anything anymore. This is just the most convenient place for me to record the trades I make via the NADEX platform to hold myself accountable—to verify whether those contributors to ET who tried to convince me that I didn't know what the heck I was talking about (like Xela) were right, in which case, I will publicly lose my shirt; or whether the principles I have been proposing all along have led to a trading system where there are no losing days, weeks, months or years.
Because the system has already been explained in detail here and elsewhere, I will not be including the rationale behind my trades, but will simply be posting the orders themselves.
UPDATE: Given that AUDUSD is now bullish, when it looked like the pair might hit my original strike price, I purchased 100 call contracts in the opposite direction...
I'm not beta testing anything anymore. This is just the most convenient place for me to record the trades I make via the NADEX platform to hold myself accountable—to verify whether those contributors to ET who tried to convince me that I didn't know what the heck I was talking about (like Xela) were right, in which case, I will publicly lose my shirt; or whether the principles I have been proposing all along have led to a trading system where there are no losing days, weeks, months or years.
Because the system has already been explained in detail here and elsewhere, I will not be including the rationale behind my trades, but will simply be posting the orders themselves.
UPDATE: Given that AUDUSD is now bullish, when it looked like the pair might hit my original strike price, I purchased 100 call contracts in the opposite direction...
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I nearly saw BOTH of the above sets of contracts in-the-money at expiry. But, the puts were unable to maintain, so only the calls returned payouts.
As of 1:30 p.m. PST, I am holding 15 two-hour USDJPY binary option put contracts with 30 minutes left to go and the simply horrible reward-to-risk ratio of 7:93.
For reasons I will spell out in subsequent posts, as of today, Friday, May 27, 2022, I will be looking to see how long it takes me to grow my Nadex demo account to $30,300 (if ever).
Friday | May 27, 2022 | 11:45 AM PST
I believe that, in so far as it is possible (for me personally) to do so, I have theoretically "perfected" the art of buying and selling NADEX Forex Knock-outs. I say "theoretically" because fully testing the system's protocols would require strategic maneuvers to enter the market at precise levels, let profits run, cut losses short, and reverse direction wherever the big boys are heading into or coming out of their positions with liquidity.
Unfortunately, since March I have had to adopt sort of a commuter lifestyle in which I am no longer free to trade whenever I wish, but am more-or-less controlled by the schedules of others and limited to trading during sporadic moments when I have access to certain equipment and/or locations. The ironic thing is... this is not likely to change until I make enough money from trading to supplant all my other sources of income.
Accordingly, my plan now has shifted to taking what a so-called "perfected" knock-out system has to offer in terms of market insights, and use it to "perfect" a NADEX in-the-money binary option system, where constantly monitoring one's positions is not necessary—a system that is profitable so often that it won't matter that it's risk-to-reward ratios surpass such astronomically high levels as to make the very idea of engaging in such an endeavor sound like utter foolishness—where losing trades almost become nonexistent so as to make the whole matter of risk and reward moot.
I believe that, in so far as it is possible (for me personally) to do so, I have theoretically "perfected" the art of buying and selling NADEX Forex Knock-outs. I say "theoretically" because fully testing the system's protocols would require strategic maneuvers to enter the market at precise levels, let profits run, cut losses short, and reverse direction wherever the big boys are heading into or coming out of their positions with liquidity.
Unfortunately, since March I have had to adopt sort of a commuter lifestyle in which I am no longer free to trade whenever I wish, but am more-or-less controlled by the schedules of others and limited to trading during sporadic moments when I have access to certain equipment and/or locations. The ironic thing is... this is not likely to change until I make enough money from trading to supplant all my other sources of income.
Accordingly, my plan now has shifted to taking what a so-called "perfected" knock-out system has to offer in terms of market insights, and use it to "perfect" a NADEX in-the-money binary option system, where constantly monitoring one's positions is not necessary—a system that is profitable so often that it won't matter that it's risk-to-reward ratios surpass such astronomically high levels as to make the very idea of engaging in such an endeavor sound like utter foolishness—where losing trades almost become nonexistent so as to make the whole matter of risk and reward moot.
Not too long ago I wrote that, given the features of the 70-minute baseline, a trader ought to be able to reap the greatest amount of return by entering positions when this measure reverses direction, except that it will often go into a holding pattern rather than follow through... and who knows in which direction it might head after that?
Well, after reintroducing the 2½-hour baseline in my computer models, here are some related thoughts...
First of all, it doesn't matter that no one knows in which direction price might go after heading into consolidation. Simply wait for it to "tip its hat," often by nudging the degree of slope on the lower-panel histogram to above 0.091 or to below -0.091, and then act accordingly.
There is a lot of space (lag) between the red 2½-hour baseline and the dark brown 70-minute baseline, so I'm going to plot a green 1.83-hour moving average in between them.
You are primarily looking for pullbacks in the blue instantaneous moving averages. But, do NOT use this strategy when the 2½-hour and 70-minute baselines are not sloping in the same direction.
If you DO decide to trade a longer-term reversal, wait for agreement in the longer-term measures. For example, trying to short this pair based on the dark brown 70-minute baseline turning south without waiting for agreement from the red 2½-hour measure could have gotten you into trouble...
It's better to wait for agreement between the brown 70- and red 250-minute moving averages, as eventually occurred here:
Also, if you see the red 2½-hour measure baseline flattening out, do not count on the 70-minute baseline continuing even a pronounced trend. It could be an "omen" of sorts predicting that the faster measure's ht soon momentum might soon weaken as well.
You are probably looking at a reversal as well if and when candlesticks reach the opposite side of the 70-minute price range envelope at 0.20% deviation. If nothing changes, no doubt the 70-minute baseline will almost immediately be pulled the other way, right along with them.
Well, after reintroducing the 2½-hour baseline in my computer models, here are some related thoughts...
First of all, it doesn't matter that no one knows in which direction price might go after heading into consolidation. Simply wait for it to "tip its hat," often by nudging the degree of slope on the lower-panel histogram to above 0.091 or to below -0.091, and then act accordingly.
There is a lot of space (lag) between the red 2½-hour baseline and the dark brown 70-minute baseline, so I'm going to plot a green 1.83-hour moving average in between them.
You are primarily looking for pullbacks in the blue instantaneous moving averages. But, do NOT use this strategy when the 2½-hour and 70-minute baselines are not sloping in the same direction.
If you DO decide to trade a longer-term reversal, wait for agreement in the longer-term measures. For example, trying to short this pair based on the dark brown 70-minute baseline turning south without waiting for agreement from the red 2½-hour measure could have gotten you into trouble...
It's better to wait for agreement between the brown 70- and red 250-minute moving averages, as eventually occurred here:
Also, if you see the red 2½-hour measure baseline flattening out, do not count on the 70-minute baseline continuing even a pronounced trend. It could be an "omen" of sorts predicting that the faster measure's ht soon momentum might soon weaken as well.
You are probably looking at a reversal as well if and when candlesticks reach the opposite side of the 70-minute price range envelope at 0.20% deviation. If nothing changes, no doubt the 70-minute baseline will almost immediately be pulled the other way, right along with them.
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