Trading USDJPY Binary option and YM spread using Nadex at the US Market opening. One results in profits and the other in a loss.
Trading USDJPY Binary Option and YM Spread
The USDJPY makes money and the spread loses money. The biggest different was the USDJPY chart, with the TradersHelpDesk indicators showed multiple areas of support and volume divergence to the upside. As the chart below shows, buyers stepped intothe entry bar (green arrow), as shown on the TradersHelpDesk Directional Volume indicator and I went out basically one full strike price, which lowered my risk to $36 per contract.
The YM spread was a little questionable as only one indicator showed potential to move down. This is why I opted for the $12 spread risk versus using a binary option. Although at the time of the video, the trade had suffered a full loss, there is a full hour (potentially for price to retrace) and, since I am using the spreads, my loss could be minimized.