At the Trading Pub we strive to connect you with top trading educators whose teachings can help you improve your trading success. Cam White, who has become our in house Nadex expert, visited with the Traden Group where he shared a high-probability strategy for trading the Germany 30 (DAX) index with Nadex binary options.
Some of the main points that you will hear Cam cover in the video, included below, are:
- Where To Find Reliable Information on Nadex
- More About The Nadex Exchange
- And The DAX Strategy
In short, the DAX strategy focuses on the 7:00 AM hourly bar on the index, which is a pivotal point, and generally sets that particular market direction for that given day. With this knowledge you have the basis to place a short-term trade on Nadex best executed in the hours of 7-9am EST.
Some of the preparation steps include checking the economic calendar at www.Investing.com and then the Daily, Hourly and 15-5 minute Dax charts to see if there is a confirmed trend. Some of the preferred indicators that work well with the strategy include the 8 EMA (Exponential Moving Average), 50 Simple Moving Average, Slow Stochastic Oscillator and the 5 minute Ichimoku Cloud.
The execution of the strategy starts with choosing the closest in the money strike price. If you Buy the DAX, select the first strike price below the opening price of the 7am hourly candlestick. If you sell the DAX, select the first strike price above the opening price of the 7 am hourly candlestick. If the economic conditions do not indicate an immediate signal for market confusion and danger check for a decent Nadex spread opportunity and risk-to-return. Place your Limit working order and wait to get filled.
LEARN MORE ABOUT THE DAX STRATEGY WITH CAM HERE:
If you would like to learn more about Nadex, or how to trade Binary Options, please check out our free video library and learn why this may be an interesting new way for you to diversify your trading portfolio.
CLICK HERE to test drive Nadex with a free demo account!