In this video I am Trading the new Nadex Touch brackets.
These are weekly options with a floor and a ceiling that offer you a good way to manage risk and enjoy a bit more efficient leverage if you decide to do multiple contracts. This was a forex trade that I took on the USDJPY and it was just a simple low hanging fruit trade to get about 12 Pips. I entered this trade at night before going to sleep with just $21 risk for a weekly option and looking to get about $12 not including the fees. I am going to show the start and end of the trade and cover the simple factors that got me into the trade.
I am going to talk about the price action and the key levels I was looking at. Every level ( accept for the deviation levels with probability ) can be found inside the Bot round and whole numbers indicator free on our website. I also explain why I set my target so close and how I used the price action and those level to find my target. This is my first video in a very long time but we are still basically trading the same way as we were years ago if you go back and look and using our custom indicators along with price action. This is just a slower and I think easier way to trade than the fast 5 minute binaries on Nadex. So maybe it will help some people get some ideas to develop their own Nadex touch brackets strategy. I really think that this is a good addition to the Nadex products over all it is just that there are not a lot of people talking about it and sharing trade ideas around it.
======== Another Nadex Bracket Live Trade
In this video I am Trading the new Nadex Touch brackets again.
This is a Trade that I recorded from the start to end and I am explaining how to setup the trade in the Nadex platform. How I use statistical arbitrage, Price action and patience to do this small trade. Nadex Touch brackets are weekly options with a floor and a ceiling that offer you a good way to manage risk and enjoy a bit more efficient leverage if you decide to do multiple contracts. This is just another trade that I took on the USDJPY and it was just a simple low hanging fruit trade to get a simple 10 Pips. I entered this trade over night with $44 risk for a weekly option and looking to get about $10 not including the fees. I am going to show the start and end of the trade and cover what got me in the trade.
A: All of the Higher time frames showed this pair in an uptrend.
B: Blue Moving average ( 50 SMA ) was over the Red ( 100 SMA ) confirming market flow to the upside on this 15M chart.
C: We were above Value area High: If value area is where 70% of yesterdays trades took place and Today we are seeing trading above that area this gives another confirmation that we are trading bullish. Look at a chart fast and do quick statistical arbitrage that way.
D: I am using a custom indicator called BOT Statistical zones forecasting out the extreme and average swing zones for the current hour and that helps me. One way I use the stats is to understand that we just done a large move down ( in a bullish market ) the prior hour and PA bounced off of it so I got in on the retrace back down close to it ( that white arrow in the video).
E: Someone is going to say but it is $44 Risk to just pick up $10/ Contract. Again I do not have to use all the margin (swing) ( Market moved 1 Pip against me the entire trade ) but you want to give the market room to swing just in case. In an uptrend market you need more room to the upside for profits and less but enough room to the downside for volatility and the statistical zones / Deviation levels with percentages helps with planning that.
in my opinion Nadex touch brackets are a good addition to the Nadex products over all it is just that there are not a lot of people talking about them and sharing trade ideas around them yet because they are new.