NADEX Trial
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I have absolutely no idea...sorry.
Until last week, successfully trading 5-minute binary options on a consistent basis was beyond the realm of possibility for me. However, now that I finalized my Numerical Price Prediction (NPP) trading system, on attempting to trade 5-minute in-the-money binary options via my Nadex demo account, I discovered that I was able to attain a 100% daily success rate trading Monday through Thursday.
After spending Friday and Saturday refining the one-minute chart setup I was using to do so, I now believe it might be possible to maintain this same success rate, or very close to it, trading 5-minute at-the-money and/or out-of-the-money binary options as well.
If this proves to be true, I think it likely I will (believe it or not) resume trading via my old Nadex live account after all. For such trades would enable me to reap returns at approximately $50 to $80 a pop following price changes of just a couple of pips, which would easily meet my daily budget demands given my frugal lifestyle.
Also, since monitoring my open positions would demand only a few minutes of my time each day, I would still have plenty of time for meeting my other obligations, so that I could start trading immediately rather than having to wait until September, when my other commitments will at last be fulfilled.
And should I opt to execute ten or twenty trades as opposed to just three or four (and work on my other projects late at night), I could (hypothetically) greatly accelerate the exponential growth I planned to attempt when I initiated (and then halted) the “1.8% Profit per Day Compounded over 220 Days” enterprise from a little over a year ago.
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Why do you think the purchase of a binary option put contract at this point turned out to be a successful trade? Or perhaps a better way to phrase the question is, on what basis did you justify executing this trade?
Had I wished to maximize the probability of this trade ending with success, I would not have made it until or unless the rate had risen to at least somewhere in the region/neighborhood of the top of the gray triple-banded SMA Envelope.
I took the risk however based on the fact that the bold light goldenrod (white) intraday short-term trend line evidenced not even a hint of an intention of turning north at the time, suggesting that the pair was still decidedly/solidly bearish.
Also, the fluctuating trend lines, consisting of the yellow, red and green proprietary moving averages were not quite hooking to the north yet, also suggesting the rate was probably not quite ready to reverse direction.
Finally, I was under the impression that the trigger for executing trades was not only a color reversal in the Heiken Ashi Candlesticks, but that this should also be accompanied by a price crossover of the white, immediate trend line duo.
However, I discovered that I was wrong in this regard. This criterion can be used if one wishes to be conservative, but it's arguable that when executing these kinds of trades, it is better to trade aggressively, in which case, positions should be entered as soon as the candlesticks reverse color, regardless of their positional relationship with the two white immediate trend lines.
Note that by this time (see image below) the trajectory of the bold intraday short-term trend line had turned north, so when there was a pullback in the Heiken Ashi candlesticks with the trio of fluctuating trend lines also continuing to climb, I decided that purchasing a binary option call contract scheduled for expiry a little ways in the future would not be such a bad idea.
Unfortunately, after a short-lived bounce, the rate continued to fall, pulling the trio of fluctuating moving averages down with it. Of greater significance however was the upward slope of the bold intraday short-term trend line, lifting the level of statistical support with its ascent, so that support might possibly be above the in-the-money strike price (the horizontal red line) at the time of expiry (the vertical red line).
As it turned out, the rate dropped no closer to the strike price than it was when I initially sent in my order, and subsequently climbed back above the triple moving averages so that the pair was still in-the-money at the time of expiry.
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Of course, the justification for this trade (purchase of an in-the-money binary option call contract) was a reversal in the candlesticks after making contact with statistical support as represented by the floor of the triple-banded simple moving average envelope.
That's enough trading for now. Time to move on and do some other things tonight.
(P.S. Note how in situations such as this, it makes sense to go long [if only temporarily] even though the asset is bearish.)
That's enough trading for now. Time to move on and do some other things tonight.
(P.S. Note how in situations such as this, it makes sense to go long [if only temporarily] even though the asset is bearish.)
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Lower time frame configurations and their applications appear to be validated, set in stone, and ready to go, so I am now returning to the higher time frames to judge which setups need to me deleted as inferior to the best of everything given a trial between January and March.
This comes from the "best looking" 1-hour setup at a surface level...
...though there is more to it than what is pictured here. Given this structure, I would not expect AUDJPY to return to 79.00 during the next four hours, so I will be curious to see if the following option/contract expires in-the-money...
This comes from the "best looking" 1-hour setup at a surface level...
...though there is more to it than what is pictured here. Given this structure, I would not expect AUDJPY to return to 79.00 during the next four hours, so I will be curious to see if the following option/contract expires in-the-money...