FOREX Weekly Drive . Nadex Highway . Week 4
Good Morning Traders. Welcome to week 4 of our NADEX trading experiment. Last week we made some money. This week we lost some money. Let's see what awaits us next week with this week's strategy.
This week's strategy was to place strikes that are in the money. However I am waiting for pullback so I have priced those strikes well below the current market. At total of about $100 was put at risk over a total of 11 working orders. As of the writing of this post, no orders have been filled. Last week I also let the contracts run out to expiration. This week I will be looking to take profit if the opportunity presents itself. None of this is financial advice, I'm just sharing my authentic learning journey to financial freedom.
February 25 total : $10,891
February 20 total : $11,457
P/L : -$566
Last week's strategy did not go so well.
So what have we learned? I learned to be even more patient in waiting for price to come to me. This week I am experimenting with under pricing strikes.
This week's plays:
11 orders . $99 at risk . Forex Weekly Binaries
AUDUSD @ .78386
...AUDUSD > .7825 ~ $10
...AUDUSD > .7975 ~ $3
EURGBP @ .87967
...EURGBP > .8775 ~ $10
...EURGBP > .8875 ~ $10
...EURGBP > .8925 ~ $5
EURUSD @ 1.22936
...EURUSD > 1.2275 ~ $10
...EURUSD > 1.2475 ~ $10
...EURUSD > 1.2525 ~ $5
USDCHF @ .93612
...USDCHF < .9225 ~ $95 ($5 at risk)
...USDCHF < .9275 ~ $90
...USDCHF < .9375 ~ $90
Week 3 ~ https://steemit.com/money/@jacobts/forex-weekly-drive-3
Week 2 ~ https://steemit.com/money/@jacobts/zappl-forex-weekly-nadex-signals-week-2
Week 1 ~ https://steemit.com/forex/@jacobts/paper-trading-report-nadex-and-tradingview-1517810436
Follow @stepanh for more FOREX Charts.
What pairs are you trading this week?
Informative post
Thanks upvoted..
very helpful
This post has received a 0.14 % upvote from @drotto thanks to: @banjo.