NADEX

jackieo79 said:
Like everyone else i sell higher than I buy and buy back lower than I sell. Delta/binary is going to be 0 or 100 at expiration regardless of having a week, a day, 2 hours or 10 minutes to expiration.

I will buy or sell binaries that expire with 2 hour or less less. I rarely would ever do this at the top of the hour so often i have less than 2 hours and am usually in and out on average in about 30 to 45 minutes. Sometimes in 3-5 minutes covering bid ask spread and fees.

I need chart confirmation of a buy or a sell entry. Then I ensure there is a strike at the level i would use for a stop as I am doing mainly In The Money binaries on short term expirations so i will look at current hour and next hour expirations at ITM strikes only..

I don't exit based on a time I exit based on the price I am in the money time is working for me.

I am looking to enter around 70 to 75 on a buy and looking to enter at 25 to 20 on a sell.

I will exit both if thy hit 50 (which will happen if the market at any time hits/touches the strike). this allows me to lower my risk versus taking on the full risk.

I set my take profit on a buy at the highest price of 96 ( may take profit sooner if i see that the price difference on the binary price ladders shows i can take profit say at 94 10 ticks sooner on an underlying move etc..) So i set a take profit but then i monitor the binary price ladder to see if I can optimize the exit price. On a sell i will take profit at the lowest price of 4.00 again i look at the price ladder to see if that looks like the best choice.

The binary will be at 0 or 100 in 2 hours at a max. So the movement is not hard and it can go from 70 offer to 95 bid in minutes etc.. making the bid ask spread easy to overcome. The fees are .90 per side an capped at $9.00 so my fees per contract get lower and lower the higher my volume. But either way the fees are manageable even if just doing 1 contract.

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I am glad that it's working for you.
 
Sure. I will see what comes up. I am mostly done for the day but i will try to post at least one trade so long as I see a good setup.

Though I will admit I will only do 1 contract as when I do a live trade with a "live" audience there is pressure to be right. I don't trade other peoples money as I don't want to be right I just want to trade well.... and I don't want to deal with any of that regulation stuff of getting all the licenses and stuff. Obviously they are not recommendations etc.. as I am not a licensed financial advisor...

Being time of day the only things open right now on the intradays are ES, YM, TF, NQ, FTSE, FDAX, USD/JPY and EUR/USD so I am limited to these markets. I don't really care what instrument it is I trade them all the same way with this strategy.

kinggyppo said:
maybe you can post a couple of real time trades may be helpful to see your execution style and what products you are trading.
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Nothing wrong with Nadex if you're trading dailies. Less edge loss in listed vanillas, but no opp to trade dailies unless you limit yourself to trading Friday. The spreads are wider with Nadex, but the fees are no longer ridiculous.
 
Right Now I have a pending buy on TF if the US Small Cap Indicative hits 1102.7 to buy the 1099.6 for 85 or less. Ideally less.

jackieo79 said:
Sure. I will see what comes up. I am mostly done for the day but i will try to post at least one trade so long as I see a good setup.

Though I will admit I will only do 1 contract as when I do a live trade with a "live" audience there is pressure to be right. I don't trade other peoples money as I don't want to be right I just want to trade well.... and I don't want to deal with any of that regulation stuff of getting all the licenses and stuff. Obviously they are not recommendations etc.. as I am not a licensed financial advisor...

Being time of day the only things open right now on the intradays are ES, YM, TF, NQ, FTSE, FDAX, USD/JPY and EUR/USD so I am limited to these markets. I don't really care what instrument it is I trade them all the same way with this strategy.
More...
 
On ES I wil buy if the nadex indicative breaks 1769

Contracts
US 500 (Mar) >1766.0 (4PM)
US 500 (Mar) >1766.0 (4:15PM)

at 85 or less

jackieo79 said:
Sure. I will see what comes up. I am mostly done for the day but i will try to post at least one trade so long as I see a good setup.

Though I will admit I will only do 1 contract as when I do a live trade with a "live" audience there is pressure to be right. I don't trade other peoples money as I don't want to be right I just want to trade well.... and I don't want to deal with any of that regulation stuff of getting all the licenses and stuff. Obviously they are not recommendations etc.. as I am not a licensed financial advisor...

Being time of day the only things open right now on the intradays are ES, YM, TF, NQ, FTSE, FDAX, USD/JPY and EUR/USD so I am limited to these markets. I don't really care what instrument it is I trade them all the same way with this strategy.
More...
 
On YM i will buy if YM breaks 15565

Wall St 30 (Mar) >15549 (4PM)
Wall St 30 (Mar) >15540 (4:15PM)

For 85 or less

jackieo79 said:
Sure. I will see what comes up. I am mostly done for the day but i will try to post at least one trade so long as I see a good setup.

Though I will admit I will only do 1 contract as when I do a live trade with a "live" audience there is pressure to be right. I don't trade other peoples money as I don't want to be right I just want to trade well.... and I don't want to deal with any of that regulation stuff of getting all the licenses and stuff. Obviously they are not recommendations etc.. as I am not a licensed financial advisor...

Being time of day the only things open right now on the intradays are ES, YM, TF, NQ, FTSE, FDAX, USD/JPY and EUR/USD so I am limited to these markets. I don't really care what instrument it is I trade them all the same way with this strategy.
More...
 
jackieo79 said:
Sure. I will see what comes up. I am mostly done for the day but i will try to post at least one trade so long as I see a good setup.

Though I will admit I will only do 1 contract as when I do a live trade with a "live" audience there is pressure to be right. I don't trade other peoples money as I don't want to be right I just want to trade well.... and I don't want to deal with any of that regulation stuff of getting all the licenses and stuff. Obviously they are not recommendations etc.. as I am not a licensed financial advisor...

Being time of day the only things open right now on the intradays are ES, YM, TF, NQ, FTSE, FDAX, USD/JPY and EUR/USD so I am limited to these markets. I don't really care what instrument it is I trade them all the same way with this strategy.
More...


if you look at the es journal-2014 you will see there a few guys posting entry and stop etc. Doesn't matter to me if you post realtime or what. I just think if you believe in what you are doing you may find this a useful exercise. Be prepared for critics they are everywhere on et. :)
 
Got a sell now Sell on NQ now on US Tech 100 (Mar) >3499 (4PM) @ $17

jackieo79 said:
Sure. I will see what comes up. I am mostly done for the day but i will try to post at least one trade so long as I see a good setup.

Though I will admit I will only do 1 contract as when I do a live trade with a "live" audience there is pressure to be right. I don't trade other peoples money as I don't want to be right I just want to trade well.... and I don't want to deal with any of that regulation stuff of getting all the licenses and stuff. Obviously they are not recommendations etc.. as I am not a licensed financial advisor...

Being time of day the only things open right now on the intradays are ES, YM, TF, NQ, FTSE, FDAX, USD/JPY and EUR/USD so I am limited to these markets. I don't really care what instrument it is I trade them all the same way with this strategy.
More...
 
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