Trading Nasdaq at Open Using Binary Options

Trading Nasdaq at open using binary options to limit risk, just in case it went against me.

Trading Nasdaq at Open Using Binary Options to Limit Risk

This morning, the Nasdaq went up to where I anticipated earlier, 6475, which was the ATR on the 180 minute chart.  Since I knew the trade would more than likely play out at the US opening, I opted to use the binary options to limit risk on a short position.

In this case, I shorted the Out-of-the-Money Nasdaq strike at 6464 for a 10 am expiration (two hour binary).  About 13 minute prior to expiration my target at $15 had not been filled and the ADX was generating a magenta peak with selling divergence on the lows.  Therefore, I exited at $25.25.  A profit of $42.50 was achieved while only risking $32.25 per contract.

Trading Nasdaq Using Binary Options

Nasdaq Binary options exit

 

About Gail Mercer

Gail Mercer, Founder of TradersHelpDesk, is a highly respected trader, trainer, author, and speaker residing in North Carolina. She has over 15 years of experience in trading and in the development of custom indicators.

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