Trading binary options on YM and ES this morning produces four trades for me. Immediately after the opening, both the ES and YM touches my profit target at $5, resulting in profits on both.
Trading Binary Options on YM
The chart below on the YM clearly indicates the binary option signal at 17781. Trading the binary option on the YM, I enter at 17773, knowing that the market opening should push price downward. At the opening, price goes up, but then straight back down resulting in a touch of my profit target.
Trading Binary Options on ES
The chart below, on the ES, clearly indicates the binary option signal at 2085. 5. Trading the binary option on the ES, I enter at 2085.3, knowing that the market opening should push price downward. At the opening, price goes up slightly above the signal, but then straight back down resulting in a touch of my profit target.
In addition, since I believe that today will be a down day, I opt to also do daily binary options on both the YM and ES. Again, taking the signal price off the 12-minute chart, which also equal the Trend Average True Range stop (ATR) value, I enter the daily binary, as well. Will they be winning trades? So far, yes they are. However, these have quite a long time before expiration. Targets are set on both and I try not to micro manage these because they do have several hours till expiration.
Here are the Nadex Binary Options charts right before my targets were filled. Since I captured all four charts together, simply click on the image to expand for a better view.
UPDATE: Both the daily binary options results in profits, as well. In other words, I took two signals and built 4 for a very profitable morning because I knew the higher timeframe charts supported all four trades.