Trading NADEX Knock-Outs

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USDCAD

Trigger to buy @1.3723

 

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sell AUDUSD

AUDUSD became a sell @ 0.6285

 

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EURGBP became a buy @ 0.8621 and thus far, has provided more than 20 pips' worth of profit.

Waiting for signal to reverse direction and sell EURGBP.

 

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Waiting for signal to sell EURUSD, which is currently neutral.

 

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GBPUSD became a sell @ 1.3819, and GBPJPY @ 169.46.

Here is the path that was taken by GBPJPY from the time you entered your order (at the crosshairs)...

This is what GBPUSD did...

 

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Trigger to buy @1.3723

The USDCAD long position was a fail, due to the crazy price action...

 

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AUDUSD became a sell @ 0.6285

This too was a fail in that the pair failed to follow through with the reversal, and in fact, took wild swings to the north...

 

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This channel with the bold black bands is clearly an excellent measure for determining the direction in which to trade NADEX Knock-outs, though NOT by placing orders and walking away, but rather, in a HANDS ON fashion. (I suspect the former approach is really only appropriate for position type trades, which do not fit knock-outs because they do not allow for a sufficient amount of room for pullbacks.)

The key is to translate the measure down to one-minute charts to facilitate timely entries and exits and to place them at strategically calculated levels.

 

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Sunday | October 23, 2022 | 1:45 PM PST

This channel with the bold black bands is clearly an excellent measure for determining the direction in which to trade NADEX Knock-outs, though NOT by placing orders and walking away

I'm surprised that I haven't given up on trying to find a place-your-order-and-walk-away day trading strategy. But, apparently that's the case, because the following idea just occurred to me. If it works, it should provide plenty of trade opportunities, seeing as how I have ten or eleven pairs on my watch list...

The idea is to buy when candlesticks fall between the two lower bands of a specific pair of dynamic/adjustable price range envelops; and to sell when candles climb between the two upper bands of those same two measures. Positions are exited (profit is pocketed) when price reaches the outermost band on the other side.

 

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Tuesday | October 25, 2022 | 11:30 AM PST

I'm surprised that I haven't given up on trying to find a place-your-order-and-walk-away day trading strategy. But, apparently that's the case...

I am anticipating getting the trigger signal to buy EURGBP at some time within the next 24 hours...