NADEX Trial
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Friday / December 13, 2019 / 9:00 a.m. PST
Eat your heart out NADEX!
After withdrawing funds from my OANDA account for Christmas shopping, I was rethinking whether there might be a faster way to grow a trading account balance.
I found two binary option outfits that accept infinitesimally small opening balances which I deemed worthy of further consideration—OlympTrade and Binary dot com. Of the two, I settled on Binary dot com, which is better regulated and has a longer history of operation.
As it turned out, I still had my Binary dot com demo account from when I lived in the United Arab Emirates (they closed my live account when I moved back to the United States) so I began getting back into the swing of using their platform.
Again, as it turned out, the system I now use to trade foreign currency pairs (Numerical Price Prediction) is PERFECT for the type of trades offered by Binary dot com. Because NPP’s forecast models specialize in projecting price ranges, validating bona fide price reversals, and relying almost exclusively on mathematical odds/statistical probability to drive the decision-making process, I can now purchase binary option contracts that offer me up to a ten-to-one reward-to-risk ratio!!!
As the above image illustrates, if the vote in Great Britain had gone the other way, I would have made $8.29 from a $1 “investment.” I could have made $9.59 from another contract, but I accidentally used the default expiry (April of next year) so I exited the contract early for only a mere $1.77. But still, this was better than a 1:1 reward-to-risk ratio.
As it was, for a total “investment” of $5.00, I made nearly $9.00 ($8.77 to be exact), close to a 2:1 reward-to-risk ratio, which is perfectly fine by me given my high success rate. But I believe I can do even better when the market is not as crazy as it has been over the past couple of days.
Consequently, my hope is to partner up with a couple of interested parties I know in Europe so we can all profit together, which is what I will be working on over the next two to four weeks. They will be linking their live accounts in Europe to my demo account here in the USA.
The bottom line is that NADEX sucks rocks compared to Binary dot com!
Eat your heart out NADEX!
After withdrawing funds from my OANDA account for Christmas shopping, I was rethinking whether there might be a faster way to grow a trading account balance.
I found two binary option outfits that accept infinitesimally small opening balances which I deemed worthy of further consideration—OlympTrade and Binary dot com. Of the two, I settled on Binary dot com, which is better regulated and has a longer history of operation.
As it turned out, I still had my Binary dot com demo account from when I lived in the United Arab Emirates (they closed my live account when I moved back to the United States) so I began getting back into the swing of using their platform.
Again, as it turned out, the system I now use to trade foreign currency pairs (Numerical Price Prediction) is PERFECT for the type of trades offered by Binary dot com. Because NPP’s forecast models specialize in projecting price ranges, validating bona fide price reversals, and relying almost exclusively on mathematical odds/statistical probability to drive the decision-making process, I can now purchase binary option contracts that offer me up to a ten-to-one reward-to-risk ratio!!!
As the above image illustrates, if the vote in Great Britain had gone the other way, I would have made $8.29 from a $1 “investment.” I could have made $9.59 from another contract, but I accidentally used the default expiry (April of next year) so I exited the contract early for only a mere $1.77. But still, this was better than a 1:1 reward-to-risk ratio.
As it was, for a total “investment” of $5.00, I made nearly $9.00 ($8.77 to be exact), close to a 2:1 reward-to-risk ratio, which is perfectly fine by me given my high success rate. But I believe I can do even better when the market is not as crazy as it has been over the past couple of days.
Consequently, my hope is to partner up with a couple of interested parties I know in Europe so we can all profit together, which is what I will be working on over the next two to four weeks. They will be linking their live accounts in Europe to my demo account here in the USA.
The bottom line is that NADEX sucks rocks compared to Binary dot com!
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Let us all know how your first withdraw over $10k works out for you. You're moving from US regulated to effectively unregulated there. They're always great until you have to do any significant withdraws, then suddenly there are issues with your customer identification then they ghost you.
NADEX CALL SPREADS (What's Available?)
So then, you won't be bothering with AUDJPY or EURGBP, but you WILL consider...
AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD, USDCHF and USDJPY
It appears that the Daily (3pm) is 24 hours and starts at 12:00 Noon PST.
The 11pm-7am is eight hours and lasts from 8pm to 4am PST.
The other two choices both have a duration of two hours.
So then, you won't be bothering with AUDJPY or EURGBP, but you WILL consider...
AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD, USDCHF and USDJPY
It appears that the Daily (3pm) is 24 hours and starts at 12:00 Noon PST.
The 11pm-7am is eight hours and lasts from 8pm to 4am PST.
The other two choices both have a duration of two hours.
Regarding the eight-hour Call Spreads, they cover like 300 pips and are therefore of no interest to me, which suggests there is no reason to even bother taking a look at the Daily (3pm).
Even the two-hour Call Spreads require risking 50 pips, and two hours is not normally sufficient time for a pair to fall 30 pips to enter with just 20 pips at risk and then start climbing again to make a bundle. So I can rule out Call Spreads and just focus on Touch Brackets.
Even the two-hour Call Spreads require risking 50 pips, and two hours is not normally sufficient time for a pair to fall 30 pips to enter with just 20 pips at risk and then start climbing again to make a bundle. So I can rule out Call Spreads and just focus on Touch Brackets.
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So here's the deal bro...if I'm reading this correctly...
You could enter a long position as a rate crosses above or below a floor or ceiling of one of the newer Nadex Touch Brackets (based on the Orange/Brown Strategy you are testing in your South Winds, Red Skies & Clouds in the West journal) with just a few pips potential loss and like booku potential gains—like a dollar a pip—if I'm not totally amiss.
So I could deposit $100 in my Nadex account, risk only $5 of it, ride a trade up 200 pips during the remainder of the week, and end up with a $300 balance, with about $95 having still been available to make like 19 subsequent attempts if the first one had initially ended up as a failure.
If I'm not understanding this incorrectly, this should be very sweet indeed. Think about it bro. That would be like a 200% return on your investment in less than a single week and a 40:1 reward-to-risk ratio on your trade!
You could enter a long position as a rate crosses above or below a floor or ceiling of one of the newer Nadex Touch Brackets (based on the Orange/Brown Strategy you are testing in your South Winds, Red Skies & Clouds in the West journal) with just a few pips potential loss and like booku potential gains—like a dollar a pip—if I'm not totally amiss.
So I could deposit $100 in my Nadex account, risk only $5 of it, ride a trade up 200 pips during the remainder of the week, and end up with a $300 balance, with about $95 having still been available to make like 19 subsequent attempts if the first one had initially ended up as a failure.
If I'm not understanding this incorrectly, this should be very sweet indeed. Think about it bro. That would be like a 200% return on your investment in less than a single week and a 40:1 reward-to-risk ratio on your trade!
Unfortunately, to trade Nadex Touch Brackets efficiently, I'm going to have to actually plot them on the live charts. Drawing them in my notes as I was doing above will not do. But as best I can tell, MT4 won't let me simply click and drag them wherever I want as I can do with everything else. I'm going to have to go in and type out all the parameters manually. What a pain in the behind!
