Intraday Trading for Futures, Forex, Commodities and Nadex Binary Options

 Does trading have to be so bloody difficult?

Absolutely, NOT!

I have been trading for the past fifteen years using many different indicators — you name it and I have probably traded it.

  • Triangles
  • Elliott Waves
  • MACDs
  • Moving Averages
  • Trend Identifiers

They were all part of my tool kit.  There was only one HUGE issue.  I would have numerous winning trades, only to be knocked backwards by a couple of losers.  Trading was a constant uphill struggle — I would take three steps forward, two steps back.

Frustration was often my best friend!

Then a friend told me, look trading is simple — WE make it HARD.  Traders have to learn to trade volume and price, not just the color of the indicator.  Volume and price LEADS all other indicators.

WOW, if only it could be that easy!

I have discovered that trading really is that easy using 3 very simple steps:

Candlestick charting because it is easier on the eyes and traders can easily identify all the key price points without squinting.

Candlestick Charts

Volume LEADS price, it really is that simple.  However, most traders don’t understand where to analyze the volume.  I analyze volume at two critical areas:

  • Support and Resistance area
  • Overbought and Oversold areas

For example, the chart below shows volume divergence AND the market is oversold.  Expect a reversal!

volume analysis

And, what happened?  The market moved up 270 ticks.  (Click here to see the 3 minute video on how I traded this using the Nadex Binaries.)

Volume Divergence Results

The final technique is learning how to SKEW THE ODDS IN YOUR FAVOR — in order to make it in trading, we need to use a risk to reward method that compensates for our losers.  This is where most traders FAIL.

Most traders are just so happy to finally see profits they don’t realize they are using a risk to reward of only $1 risk for $1 gain.  This can be disastrous!  The P/L chart below shows what will happen if you are using this technique with a 50% win/loss ratio (after 650 trades).

Risk to Reward with Negative ExpectancyNo trader wants that!  But with one small change, this can change dramatically!  Simply changing to $1 risk for $2 gain your P/L could change to positive!

Positive Expectancy using $1 risk for $2 reward

And, with the Nadex Binary Options, since your risk is automatically capped on entry, you can go lower — $1 risk for $1.30 gain.

Nadex Binaries Positive ExpectancyPlus, for new traders (those that are not consistently making money in trading), the Nadex Binary Options and Spreads offer a safer environment to overcome the psychological and emotional obstacles that cause most traders to fail.  (Read the article I wrote for Benzinga that outlines why the binaries are safer.)

Three simple steps:

  1. Price Bars
  2. Volume Analysis
  3. Risk to Reward

That’s all it takes for you to dramatically change the path of your trading journey and it all begins here! 

 

 

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