Nadex 20 & 5 binaries

I therefore plan to see if the setup can be adapted to the U.S. indices.
It appears to me that virtually the same moving averages I plotted on my Forex charts translate without any problems whatsoever to the Dow, Nasdaq, and S&P.

transfered indicators.png
 

Attachments

  • US INDEX.png
    US INDEX.png
    15.2 KB · Views: 7
Last week I entered profit territory in my OANDA trading account and was anticipating the beginning of a steady advance towards my goal of financial independence by the end of 220 days of trading. However, on Friday I made 3 errors in judgement that set me back which, had I come to the opposite conclusions, would have propelled me forward dramatically, way ahead of schedule.
I abided by my new decision-making process Sunday when trading my regular Forex account, yet still ended up making unsuccessful trades. For example, I expected this pair to rise (see first diagonal line below), but if fell instead (see second diagonal line).

diagonals.png


So, I tried trading smaller moves, but still found myself uncharacteristically unable to diagnose even more immediate developments in the direction price was headed.

I therefore gave up on that approach and focused instead on the direction in which the price range was headed rather than price itself. I then started entering positions at the extremes as price ping-ponged its way back and forth between the outer limits of the intraday range, and it was at THAT point I began executing profitable trades once again.
 
The new configuration looks to be a near-perfect tool to use for trading Nadex 20-minute binary options.
I forgot to test the use of my newly refined chart setup for trading Nadex 20-minute binary options yesterday, so this is my first trade using the modified system.

ScreenHunter_4937 May. 14 08.13.jpg


I did not enter at the ideal moment, which would have been at the arrow, with the resumption of progress in the direction of the intraday trend following a temporary pullback.

US30M1.png


Nonetheless, this trade was successful, and baring any monumental setbacks, I am still on track to double my initial $25,000 demo account balance by the end of May.

ScreenHunter_4938 May. 14 08.20.jpg


As I anticipated, this approach struck me as a much more relaxed mode of trading than either the 5-minute or 60-minute (and above) techniques.
 
Back
Top