Even though there is a FOMC announcement today at 2pm, the trade analysis this morning clearly indicated a downward move at the opening and was confirmed by the shorter time frames resulting in shorting futures using Nadex Touch Brackets.

Shorting Futures – Nasdaq Trade

The trade setup on the Nasdaq right at the slow moving average, showing that the fast moving average on the 60 minute chart was holding. The initial profit potential was at least 20 ticks or greater if it broke through the ATR and continued down (as it was going into the higher time frames).

Shorting Futures Using Nadex Touch Brackets
Nasdaq Futures Short

At the open, price did move down through the 15 minute ATR, down to the congestion dot on the 60 minute chart and profit was taken.

NQ Exit

Here’s the ES charts (entry and exit).

ES Short Using Nadex Touch Bracket Entry
ES Short Using Nadex Touch Bracket Entry
Exit on ES Futures Using Nadex Touch Brackets
ES Exit

And the Russell 2000.

Russell 2000 Entry Using Nadex Touch Brackets
Russell 2000 Entry
Russell 2000 Exit with Nadex Touch Brackets
Russell 2000 Exit

Of course, the trade analysis also indicated the AUDJPY would go down, as well as the AUDUSD. I opted to trade both with an OTM binary option and both made their targets.

Not a bad morning considering it is FOMC day. Plus, I have four weekly stock options working based on the same approach — after all, a chart is a chart.

The trade analysis sheets, which are used in the coaching sessions so traders learn how to utilize a multiple time frame approach, are used to identify the direction of the higher time frames but then actual entries are generated off the lower time frames — in other words, we are going into the higher time frame setup. The analysis technique works especially well with the Nadex Binary Options and Nadex Touch Brackets because of the limited risk enviroment that they provide.