According to the logic of this strategy, this Nadex binary contract should easily still be in-the-money five hours from now. This demo account trade is being made in a continued effort to find a technique that can be used with Nadex that almost never loses.
Binary options - any pros at all?
- Thread starter blackkey
- Start date
No, five hours is too long to have to wait for expiry. In this case, it gave the two- and four-hour trends too much time to reverse direction.
I think I should capitalize on this trade now to recoup at least part of the loss I suffered earlier rather than wait another four hours 'til expiry and risk the pair turning against me a second time.
Modifications are no longer necessary—at all. This final system is, I believe, well suited for timing the purchase of binary option contracts at optimal levels, as illustrated by this morning's trades, as pictured below.
Unfortunately, Nadex does not have the flexibility to apply this approach anywhere near as successfully as does Deriv.com.
So, that's it for me. From my perspective at least, it does appear possible to trade binary options profitably on a consistent basis, though I can't speak for any other platform or outfit outside of Deriv.com.
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Friday / December 3, 2021
I have a potential client who wants to see me trade binary options successfully via the Pocket Options platform. So, for the remainder of this month, I plan to apply the same strategy I used today trading via Binary dot com...
...to the Pocket Options demo account I opened at the end of January 2020. Then this potential client can decide in January of next year whether he wants to actually go ahead and pay me for the insights I am able to provide (if any) based on my performance from Monday to the end of December.
I have a potential client who wants to see me trade binary options successfully via the Pocket Options platform. So, for the remainder of this month, I plan to apply the same strategy I used today trading via Binary dot com...
...to the Pocket Options demo account I opened at the end of January 2020. Then this potential client can decide in January of next year whether he wants to actually go ahead and pay me for the insights I am able to provide (if any) based on my performance from Monday to the end of December.
Refer to the yellow green channel as the 34-minute price range envelope. Call the strip with the thin black bands "the worm" and the tunnel with the thick black bands "the snake." Refer to the Donchian channel as 3¾-hour temporal support/resistance. The cadet blue envelope is the 17-minute price range, and the thin blue lines constitute the 17-minute price flow (i.e., trend).
Here is an alternative strategy. It's my contention (which is to be put to the test) that the vast majority of the time, if you buy a currency pair with a rising daily trend line if and when the rate has fallen below where it opened at the beginning of the current 24-hour market cycle, the asset is likely to be above your purchase price by the time the Forex market "dies" the next day, usually sometime around 9 o'clock in the morning Pacific Standard Time (and vice versa).
So, can I test this theory with PocketOption? AUDJPY has a bearish 24-hour baseline and the rate is currently about 33 pips above this week's open.
No, I can't do it. Their system won't allow me to schedule expiry beyond four hours...
So, given PocketOption's limitations, let me test my theory at Deriv.com instead...
It's worth noting that Deriv.com sometimes offers contracts where the potential profit is greater than the amount risked, as it did in this case. Unless I'm mistaken, I don't believe Nadex ever does this for an at-the-money strike price.
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For the time being, my only aim is to attempt to ensure I finish each 24-hour market cycle with more capital in my account than I started with, even if it is only by one dollar.
And these initial hours have led me to conclude that the configuration below is the best to assist me in accomplishing this goal.
With that settled, my plan now is to begin increasing the size of my trades little by little as I become more comfortable interpreting price action based on this setup, so that by the end of the month, I am executing much, much larger trades at a rate of success well above 70 percent using something akin to a martingale system.
And these initial hours have led me to conclude that the configuration below is the best to assist me in accomplishing this goal.
With that settled, my plan now is to begin increasing the size of my trades little by little as I become more comfortable interpreting price action based on this setup, so that by the end of the month, I am executing much, much larger trades at a rate of success well above 70 percent using something akin to a martingale system.
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