The two- and six-hour trends are bullish, and the 60-minute trend is neutral with the 20-minute baseline on an upward swing, possibly being confirmed by the 40-minute baseline. So, does this mean it's unlikely the rate will fall below the one-hour support level at 0.7799 within the next two hours? Plus, it's possible the market is just waiting for USA Fed news to be released an hour after that so it can go crazy at that point, and will be reluctant to do much until then. So, let me see if AUDUSD will stay above 0.7698 in the meantime.
USDJPY is now out-of-the-money after the USA Fed news release. I'll have to wait to see if this is still the case twelve hours from now. I used this opportunity to buy an AUDUSD call contract almost at-the-money, so I will be curious to see whether this purchase during elevated volatility works out or not.
Perhaps this nearly at-the-money contract will be in-the-money at expiry and help recoup some of the loss I'm about to be handed by USDJPY, which reversed direction after the USA Fed data release at 11:00 AM PST this morning.
I don't like what's happening with these longer-range contracts. So... let me see what happens if I look for EURJPY to still be below the strike price 36 minutes from now... UPDATE: This contract will be in-the-money at expiry unless the pair somehow manages to backtrack 30 pips in the next three minutes, so I say stick with the shorter-term contracts during active trading hours. Therefore, you simply need to establish how to select those pairs that are not going to pull back any time soon during periods of high volatility/liquidity.
If the U.S. dollar-Japanese yen doesn't start climbing in the next 40 minutes, this contract will be in-the-money at expiry. Still, I say it would have been better to a purchase this contract once it had a two-hour window of expiry or less. (Why don't you configure a lower-panel indicator to help you do this...say...one with an oscillator to identify pullbacks in the 13-minute trend?)
I designed a scalping chart to use with Nadex binary options. This contract was in-the-money at expiry and I only had to wait 15 minutes for the payout... I want to see how many times I can repeat this.
This contract looks like it will still be in-the-money 10 minutes from now, even though it was not purchased when the rate was located at an optimum level... In the future, in an effort to ensure that you do purchase contracts when the odds of success are at an optimal level, you'll want to explore only buying contracts when... The slope of the 6-hour baseline histogram is above the 0.03 or below the -0.03 level. The rate has pulled back behind the 2-hour baseline and/or to the 60-minute temporal support/resistance level, as appropriate. Price is bouncing off support/resistance, as appropriate, as confirmed by the formation of a hook or hinge in the 40-minute baseline, or by candlesticks beginning to paint once again primarily on the side of the 40-minute baseline matching the slope of the 6-hour trend.
AUDUSD looks to be in the middle of a pullback and the 6-hour trend is still bearish. This suggests purchasing a binary option put contract, so I will be interested to see if it is still in-the-money at expiry 22 hours from now...