Nah... Having now looked at the above system, I think it is probably better to employ the "Seashores and Riverbanks" approach...
Binary options - any pros at all?
- Thread starter blackkey
- Start date
Nah... Having now looked at the above system, I think it is probably better to employ the "Seashores and Riverbanks" approach...
That's a terrible payout.. I wouldn't trade unless it was $45 minimum..
Imagine trading without the use of Bollinger bands or RSI etc.. simply on price action and how much the candles move at certain times..
If your trading Nadex i would highly recommend trading 2 HR binaries and avoid 5 Mins Binaries..
Also remember trading 2 HR Binaries doesn't necessarily mean you need to place a trade at the beginning of 2 HRs.. it could be the final 30 or 60 mins.. as time decay provides your much better OTM pricing..
So if you think an Indicie will jump or tank at the opening you can take a 8-10am Binary and enter at 9:29.. and ride the trade until expiry in 31 mins..
You will get excellent pricing as your entry is close to expiry..
I would highly recommend all of you serious traders look at all available assets and what products are available at what time frames and capitalize on which asset moves at certain time frames and put 1 and 1 together and profit from it..
If your trading Nadex i would highly recommend trading 2 HR binaries and avoid 5 Mins Binaries..
Also remember trading 2 HR Binaries doesn't necessarily mean you need to place a trade at the beginning of 2 HRs.. it could be the final 30 or 60 mins.. as time decay provides your much better OTM pricing..
So if you think an Indicie will jump or tank at the opening you can take a 8-10am Binary and enter at 9:29.. and ride the trade until expiry in 31 mins..
You will get excellent pricing as your entry is close to expiry..
I would highly recommend all of you serious traders look at all available assets and what products are available at what time frames and capitalize on which asset moves at certain time frames and put 1 and 1 together and profit from it..
I looked at CME, risk to reward Nadex is better.. Nadex just don't have Bonds..
BASELINE BONANZA
Because I’m using an approach to trading Forex that has the potential to deliver an extremely high percentage of successful outcomes, I elected to return to Nadex one last time (even though I personally feel their risk-to-reward structure is awful) to see if the platform would perform any better than what I experienced previously. (I can make hundreds of dollars a day trading via Nadex with a relatively small balance as opposed to just a fistful of dollars a day trading via OANDA.)
But, it performed no better. So, I was about to write it off for good when I thought, “Wait! Why not give their new beta version a try?”
And seeing as how the newer platform did not repeatedly refuse to cooperate as was the habit with the original, I set about adapting my system (Numerical Price Prediction, or NPP) to Nadex’s particular manner of operation. This worked out rather well, so I am now re-configuring my lower panel specifically for this purpose, in preparation for the possibility that Nadex will reactivate my account, which they suspended because I had not traded it in such a long time.
To distinguish this version of NPP from all the others, I’m going to dub it: Baseline Bonanza. So far, I have three setups that I will be watching out for, and will note any others as they occur to me, should addition ideas come to mind. My plan is to keep track of what percentage of each setup results in winning trades, and only use those which evidence superior performance.
The first setup is a pullback when all three of the main baselines are sloping in the same direction.
The second setup is when all the baselines reverse direction simultaneously.
And the third setup occurs as soon as the slopes of all three baselines have hit "critical mass."
The nice thing about binary options is that if I purchase in-the-money contracts, and if my system really does accurately forecast the direction in which the markets are headed, I make money even if rates go nowhere.
Because I’m using an approach to trading Forex that has the potential to deliver an extremely high percentage of successful outcomes, I elected to return to Nadex one last time (even though I personally feel their risk-to-reward structure is awful) to see if the platform would perform any better than what I experienced previously. (I can make hundreds of dollars a day trading via Nadex with a relatively small balance as opposed to just a fistful of dollars a day trading via OANDA.)
But, it performed no better. So, I was about to write it off for good when I thought, “Wait! Why not give their new beta version a try?”
And seeing as how the newer platform did not repeatedly refuse to cooperate as was the habit with the original, I set about adapting my system (Numerical Price Prediction, or NPP) to Nadex’s particular manner of operation. This worked out rather well, so I am now re-configuring my lower panel specifically for this purpose, in preparation for the possibility that Nadex will reactivate my account, which they suspended because I had not traded it in such a long time.
To distinguish this version of NPP from all the others, I’m going to dub it: Baseline Bonanza. So far, I have three setups that I will be watching out for, and will note any others as they occur to me, should addition ideas come to mind. My plan is to keep track of what percentage of each setup results in winning trades, and only use those which evidence superior performance.
The first setup is a pullback when all three of the main baselines are sloping in the same direction.
The second setup is when all the baselines reverse direction simultaneously.
And the third setup occurs as soon as the slopes of all three baselines have hit "critical mass."
The nice thing about binary options is that if I purchase in-the-money contracts, and if my system really does accurately forecast the direction in which the markets are headed, I make money even if rates go nowhere.
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Thursday / February 25, 2021 / 9:15 AM PST
From my perspective, there has been a significant shift in the angle from which Numerical Price Prediction comes at the task of "rightly discerning the signs of the times."
The system still collects, analyzes and interprets precise, up-of-date, quantitative information—in multiple time frames and at specific times and locations—to use in making accurate predictions as to what price is likely to do in the not too distant future.
But whereas the framework underlying the approach was previously viewed as consisting of waves, cycles and envelopes; its methodology is now conceptualized as relying primarily on a set of multi-temporal baselines and support/resistance levels. The system remains the same, but its emphasis/focus has changed somewhat drastically.
I suspect this change can be used to one's advantage when trading binary options by applying its principles specifically to 15-minute charts, where one can purchase 30-minute contracts all day long, that are in-the-money at expiry, as I did twice so far this morning...
From my perspective, there has been a significant shift in the angle from which Numerical Price Prediction comes at the task of "rightly discerning the signs of the times."
The system still collects, analyzes and interprets precise, up-of-date, quantitative information—in multiple time frames and at specific times and locations—to use in making accurate predictions as to what price is likely to do in the not too distant future.
But whereas the framework underlying the approach was previously viewed as consisting of waves, cycles and envelopes; its methodology is now conceptualized as relying primarily on a set of multi-temporal baselines and support/resistance levels. The system remains the same, but its emphasis/focus has changed somewhat drastically.
I suspect this change can be used to one's advantage when trading binary options by applying its principles specifically to 15-minute charts, where one can purchase 30-minute contracts all day long, that are in-the-money at expiry, as I did twice so far this morning...
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Hypothetical Professional Binary Options Trader Pilot Study
This would seem to answer the question as to whether there might (theoretically) be any binary options pros at all if one defines a professional as someone who is "engaged in a specified activity as one's main paid occupation rather than as a pastime."
But as to whether a total beginner has any chance at all of being successful trading Forex binary options, based on what I believe it's going to take for me to do this using the knowledge I've gained over the past five-and-a-half years, I would have to say no—the chances of a total beginner succeeding are essentially zero.
This week I think I came to the end of the road regarding a process I began in November of 2015 in the sense that I don't think I can make any additional progress. I now want to see what happens if I try to apply what I've learned to a hypothetical attempt to make a living trading binary options via binary.com (Deriv.com) from the nation of Uruguay.
This would seem to answer the question as to whether there might (theoretically) be any binary options pros at all if one defines a professional as someone who is "engaged in a specified activity as one's main paid occupation rather than as a pastime."
But as to whether a total beginner has any chance at all of being successful trading Forex binary options, based on what I believe it's going to take for me to do this using the knowledge I've gained over the past five-and-a-half years, I would have to say no—the chances of a total beginner succeeding are essentially zero.
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Sunday / July 11, 2021 / 6:50 PM PST
This 2-hour contract was purchased based on the contention that the eight-hour trend conveys the general overall direction in which price is headed at the intraday level. If the assertion is true, then this pullback in the 15-minute baseline to the 9-hour temporal support level should not last very long, with USDJPY witnessing a rebound in the not-too-distant future.
If these assumptions are valid, then this trade should result in a profitable outcome...
UPDATE:
An hour has now passed, and unless something goes incredibly wrong, this contract should still be in-the-money at expiry an hour from now, God willing. I find it interesting however that, at least with this particular trade, I could have chosen to set expiry much closer to the time of entry and the trade would have still been successful.
This 2-hour contract was purchased based on the contention that the eight-hour trend conveys the general overall direction in which price is headed at the intraday level. If the assertion is true, then this pullback in the 15-minute baseline to the 9-hour temporal support level should not last very long, with USDJPY witnessing a rebound in the not-too-distant future.
If these assumptions are valid, then this trade should result in a profitable outcome...
UPDATE:
An hour has now passed, and unless something goes incredibly wrong, this contract should still be in-the-money at expiry an hour from now, God willing. I find it interesting however that, at least with this particular trade, I could have chosen to set expiry much closer to the time of entry and the trade would have still been successful.
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