Nadex Touch Brackets Strategy 04
In this video I am back trading Nadex touch brackets in a live trade. Just like in the previous videos we are not going for a large move and I am just trying for 15 pips in a predefined target on exit. This is a kind of weird trade for me because I got in via a working order to sell GBPUSD at 1.2697 and it filled while I was a sleep. There was $37 Risk here for $15 gain not including fees and it took about 2 hours and 25 minutes. I was asleep for most of this trade just got up to set a working order ( Buy to close ) after I saw the entry ( Sell to open ) was filled.
A: I show 2 different charts with different setups. On the one hour chart with Deviation levels is where I got my entry idea. Just + .5 deviation. On the previous we made it to + .5 deviation. Also Red on top ( Longer time frame ) with the Blue ( shorter time frame ) moving averages on the bottom.
NOTE: This is a small trade that I was doing for sharing on youtube and I was going to be sleep and wanted it to be filled. That is why I did not set my entry at exactly + .5 ( 1.2707 ) but normally I want my entry to be pretty tight and if I do not get filled then the market will be there another day for me to try again. I will usually subtract only 2 - 4 ( 1.2703 or so ) pips below a sell entry to cover the spread and that is all in most cases.
On the 5 minute chart I looked for areas of support where the market consolidated recently. This was after my order got filled and I woke up to explain the first half of the trade. I planned my exit using the price action that way. Planning my trade and trading my plan means you can spend less time looking at charts. This trade had about 30 hours to play out in my favor and I just wanted 15 Pips per contract..
NOTE: The area of Support was about 2 - 4 Pips below where I exited because I had to adjust it 2 - 4 pips above to cover that 2 Pips spread on Nadex. Do not try and get every ounce of blood on the exit or you will not get filled sometimes and have to wait for the market conditions to return to that area.
B: A trade based on Market fundamentals at this time as well. Right now there is a lot of uncertainty in the UK as they look for a new prime minister and continue working on plans for the Brexit. So price action and fundamentals and the statistical percentages of the deviation levels all point to selling on any strength in this Currency pair until some of these issues get fully resolved.
C: Again Fundamentals because as the USA market opens strong on the day banks and Hedge funds sell the Great British Pound and buy the dollar so that they can catch the ride up that day. As the Dollar gets stronger the GBP will get weaker and that is another reason I was selling. Doing this same trade again and again because fundamentals can take a long time to resolve or be fully priced into a market.
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.
======== Another Nadex Bracket Live Trade 03 ( May 02/2019 )
In this video I am back trading Nadex touch brackets in a live trade.
Just like in the previous videos we are not going for a large move and I am just trying for 12 pips in a predefined target on exit. This is as close as you can get to a good counter trend trade. If you look very close at the video on entry the day was up and I was betting down but on exit the day had turned down and my trade idea had worked. There was 41 Risk here for $12 gain not including fees and it took about 4 hours to play out but infact the market continued down the rest of that day.
Alfred's Bloopers and blunders while taking trades sleepy:
The day was May 02 and that big candle I mentioned was May 1st I still think it was some guys closing large positions after UK market was over however.
Key take aways:
A: I show 3 different charts with different setups at the same time but you know the chart I was looking at in the first place. The point is that confluence is great to have but the only thing I needed to have in order for the bet to work was for price to go in my favor before the end of the week. I do a lot of different setups to break monotony and try and show different stuff that may look better and more appealing to anyone watching the video but don't over analyze especially when you have more time to be right with the weekly Nadex touch brackets if you do not get stopped out.
B: That trade was a London fade basically it was just all about spotting failures in the market. I show the 3 templates to show you what it will look like. Value area and pivots can all be plotted along with round in whole numbers on the free indicator here on our website. I will add deviation levels as a premium indicator on the website soon.