I will post the trading journal on nadex for every trading day here. nadex is new to most traders as it is little complex compared with other binary option platforms. to make money on nadex, you need a system which produces high win rate signals.the most important thing is trading psychology and money management; you need consider trading binary as a math game to make money in long run consistently.
my strategy is use the support and resistance level to trade ITM; as the time decay, the value of option in your flavor by following the trend. take the high probability chance; will post everyday trades later.
although the price go down again after i closed, never regret close it before expiry. the long shadow of upward candlestick can turn a profitable trade into a losing one in seconds. stick to the rule…
Andre, simply put it works, the more patience I have the better the reward. From my POV it is a trend followers dream come true. On lower time frames such as 5M the pips are good but the profits slim while trading the 1H you can average 10 pips or better per trade and useing the D1 a 25 pip average is good.
I usually take two trades per pair totaling 1% risk and at least two pairs at the same time.
The key is patience to wait for the major pivot to paint (which is usually between 2-3 percent deviation from the mean). Another key to keeping the risk down is not to try for a home run on every trade which is why the relatively low pips per time frame.
