So, here is the "wait for the pullback" alert indicator I trust will be my "bread and butter" when it comes to trading gold from here on out...
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Compare & Contrast with Christopher Lewis
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If you use the above alert indicator to help decide when to purchase NADEX Forex binary options, keep the following in mind...
So, what will happen if I look into implementing the above one-minute "bread and butter" system in light of the parameters used in coding the sixty-minute alert indicator below? (I'm putting it on my list of tasks to complete today.)
Numerical Price Prediction Fun Forecast
I'm supposedly all done refining my forecast models for Forex, gold, silver, crude oil and natural gas, and can therefore start focusing ALL my attention on benefiting financially from what they have to offer.
If this is true, I ought to be able to pick an asset at random now and then just for fun to put my methodology to the test. Should I turn out to be wrong, my system is detailed enough that I out to be able to pinpoint the problem relatively easily.
My first "match" will be with AUDUSD, which I'm going to say is headed in the "wrong" direction.
I therefore expect it to turn around and head south somewhere between where it is now and the 0.6659 level, at which point, it ought not climb any higher.
If it does, I will be forced to form the opinion that it has switched from a bearish to bullish bias/sentiment and that I should therefore buy the pair seeing as it can only head higher from there.
An earlier trade in my Nadex demo account returned a $265 profit after about 26 minutes.
I thought I'd purchased two-hour AUDJPY contracts at two different strike prices as well, but no, they were EIGHT-hour contracts...my mistake! So now I'm going to have to wait another five hours before I'll know if they'll still be in-the-money at expiry, but so far, they are well on their way...
I'm supposedly all done refining my forecast models for Forex, gold, silver, crude oil and natural gas, and can therefore start focusing ALL my attention on benefiting financially from what they have to offer.
If this is true, I ought to be able to pick an asset at random now and then just for fun to put my methodology to the test. Should I turn out to be wrong, my system is detailed enough that I out to be able to pinpoint the problem relatively easily.
My first "match" will be with AUDUSD, which I'm going to say is headed in the "wrong" direction.
I therefore expect it to turn around and head south somewhere between where it is now and the 0.6659 level, at which point, it ought not climb any higher.
If it does, I will be forced to form the opinion that it has switched from a bearish to bullish bias/sentiment and that I should therefore buy the pair seeing as it can only head higher from there.
An earlier trade in my Nadex demo account returned a $265 profit after about 26 minutes.
I thought I'd purchased two-hour AUDJPY contracts at two different strike prices as well, but no, they were EIGHT-hour contracts...my mistake! So now I'm going to have to wait another five hours before I'll know if they'll still be in-the-money at expiry, but so far, they are well on their way...
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Numerical Price Prediction Fun Forecast (Results)
However, since this was not one of the days I elected to trade around the clock, I was asleep at the time and was therefore unable to take advantage of this move.
So then, here we have AUDUSD turning around somewhere in the neighborhood of 0.6656 at 1:30 AM PST, just three pips below its projected threshold.
However, since this was not one of the days I elected to trade around the clock, I was asleep at the time and was therefore unable to take advantage of this move.
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Anyone looking for sanity in the Forex market had best stay away from the yen pairs these days. But fortunately for me, this crazy maneuver happened just after 3:00 AM PST and NOT just before 4:00 AM.
The next sixty minutes provided enough time for AUDJPY to recover and climb back to in-the-money territory, saving my demo account from two big losses.