NADEX continues to disappoint… Too bad it took me from August 2017 to December 2019 to perfect Numerical Price Prediction (NPP) instead of November 2011 to April 2013. I might still be enjoying the “good life” living in the Middle East trading via Binary dot com. At any rate, an approximate $30 gain in one day trading a sub $200 account is enough to convince me that the final iteration of NPP has the potential at least theoretically to be a conceivably profitable trading system applied to Binary dot com. So with that being resolved in my own mind, I wished to turn my attention to applying its systematically improved methodology to NADEX, with an eye toward actually using it in my live account near the start of next year. But unfortunately, when I went to place a couple of practice touch bracket orders, I discovered all four contracts were expired, even though the platform indicates they still have three days left... The information I have states that NADEX was originally know as HedgeStreet and launched in 2004. One would think they'd finally have their act together by now!!!
Monday / December 30, 2019 / 8:00 p.m. PST Okay, so I made approximately $75 in the span of about an hour trading USDCAD in-the-money five-minute binary options, but the risk-to-reward ratios were outlandish! I guess I’ll go ahead and keep using this tactic and I suppose if I can go a few dozen or even a hundred or more trades before incurring a loss I might actually try this out with my live account, but I do so wish NADEX had the flexibility of Binary dot com and didn't relegate me to a such a limited number of totally ridiculous choices. I'm figuring the back end of the Asian session before the London session opens is the best time to do this kind of trading because the markets at this time (most days) is pretty dead.
Tuesday / December 31, 2019 / 4:00 a.m. PST As you establish rules for the possibility of trading via NADEX, make sure your list includes entering positions ONLY from what you define as “launch pads.”
Presently I am thinking that of all the unreasonable offers made available by NADEX, opportunities of this kind are among the best, if that word can be used in such a context. This is like a five-hour binary in which I am risking approximately 75 bucks just to make around $25, but a shorter expiry than this would have incurred an even worse risk-to-reward ratio and more time would have been longer than I would have liked to wait and would have also left too wide a window of opportunity for the market to turn against me. Note however that technically, the above trade would not have met the "launch pad" criteria I just introduced in the previous post in that the side of the "inner worm" never made contact with the side of the "outer snake." (I’ll return in roughly four hours to see how this turns out. In the meantime I need to take a little nap.)
As expiry approaches the Profit/Loss on this contract should be going up. So why is it going down instead, from $190.00 down to $187.50? But no matter, I will be remaining in the position until the end...
Assuming NADEX will, at some point, once again be functioning on all cylinders, I'm going to want to come up with a way of representing Call Spreads and Touch Brackets graphically, and am therefore posting this image as a model/starting point/example. I believe the ratios remain the same, so if I prepare a transparent template, I should be able to stretch if from the very top ceiling down to the very bottom floor on any asset and have all the other levels automatically line up correctly. In that way I should theoretically be able to pick and choose when and where to purchase contracts at opportune moments as markets unfold.
If I'm reading their Contract Specifications page correctly, in Pacific Standard Time, Nadex offers: The 5-hour Call Spread Sunday through Thursday at 8:00 p.m. to 1:00 a.m.; and The 8-hour Call Spread Monday through Friday at 4:00 a.m. to 12:00 p.m. (noon), and 12:00 p.m. (noon) to 8:00 p.m. If this is correct, it means no Call Spread is offered at 1:00 a.m., 2:00 a.m., or 3:00 a.m. Also, from my perspective, the 12:00 p.m. 8-hour Call Spread is virtually useless given that the Forex markets are essentially dead between noon and 10:00 p.m.
For my information... No Currency Touch Bracket contracts will be listed on December 31, 2019. No Daily Currency Binary contracts which would normally expire on January 1, 2020 will be listed on December 31, 2019. The Exchange will closed for trading at on December 31, 2019 at 2:00 p.m. PST. The Exchange will be closed for trading on Wednesday, January 1, 2020 in observance of the 2020 New Year’s Day holiday. The exchange will open on Thursday, January 2, 2020 at 5:00 a.m. PST, at which time all contracts will open except for the Japan 225 and China 50 contracts. The Exchange will return to its regular schedule on Friday except for the Japan 225 contracts.