Binary Options Trading Log 7-06-15

8:16 AM DAX Halfway through the trade.. Final chart

7-9AM DAX “Strudel” Trade

OK so I am a little behind in my daily binary options trading log. It has occurred to me that given the length of the trade times It would be much easier if I write these posts as the trade plays out than writing them later.  Also I have the added benefit of capturing my thoughts in the moment.

Today’s first trade on the DAX was entered later than usual as I had a late start. Because of the late start my analysis was on the fly. I quickly scanned any economic news saw nothing of worry.
News 7-06-15

I liked the look of the chart. The DAX had fallen on the Greek news, then experienced a retracement and was now on the downside. the 7am candle was bearish and the 8 am candle was bearish. I felt confident this candle would hold the downward trend or if it went bullish it would not close higher than the 7am candle open. So I dipped in with 4 contracts.

Your order was executed on: Mon Jul 06 07:55:24 EDT 2015. The details of your matched trade are shown below for your reference:

Trade Details:
Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 4
Price: 17.75

 

I added another 4 when price moved to give me a slightly better price moments later.

Your order was executed on: Mon Jul 06 07:55:55 EDT 2015. The details of your matched trade are shown below for your reference:

Trade Details:

Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 4
Price: 19.25

 

As I waited 8am candle began to have a bit of a reversal. I was confident that it was a small re-tracement. So I waited for a good price to be had as the retracement began to form. I jumped in with 4 contracts but was a bit early as the reversal continued over the next 25 minutes and price tested my strike.

Your order was executed on: Mon Jul 06 08:07:48 EDT 2015. The details of your matched trade are shown below for your reference:

Trade Details:
Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 4
Price: 29.75

 

Your order was executed on: Mon Jul 06 08:16:29 EDT 2015. The details of your matched trade are shown below for your reference:
Trade Details:
Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 20
Price: 31.00

I had the opportunity to grab a $40 – $53 contracts over the next 25 minutes. But I was already in the trade and I exercised restraint by not adding to my position in case it turned into a loser.

 

 

 

 

Trade Details:
Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 4
Price: 17.75
Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 4
Price: 19.25
Trade Details:
Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 4
Price: 29.75
Contract: Germany 30 (Sep) >10929 (9AM)
Expiration: Mon Jul 06 09:00:00 EDT 2015
Direction: SELL
Quantity: 20
Price: 31.00
$71 Gross $77 Gross $119 Gross $620 Gross

After that reversal gave me some heat it pulled back and continued the downward trend, turning the candle bearish.  The trade settled ITM.

$887 Profit – $18 Fees = $869 Profit (- 217.25 25% Tax Rate) $651.75 Total Profit

9-11AM FTSE “Brunch” Trade

This trade particular trade really hurt. I had just come off a winner so i wasn’t too careful in my analysis. It was executed way too early, with too many contracts and too little profit to be had….  I didn’t wait until the candle had confirmed it went against me. Foolishly I held out hoping it would turn around, in the end I closed out for a huge loss.

 

Your order was executed on: Mon Jul 06 09:12:57 EDT 2015. The details of your matched trade are shown below for your reference:

Trade Details:
Contract: FTSE 100 (Sep) >6508 (11AM)
Expiration: Mon Jul 06 11:00:00 EDT 2015
Direction: SELL
Quantity: 20
Price: 15.00

Your order was executed on: Mon Jul 06 10:47:45 EDT 2015. The details of your matched trade are shown below for your reference:

Trade Details:
Contract: FTSE 100 (Sep) >6508 (11AM)
Expiration: Mon Jul 06 11:00:00 EDT 2015
Direction: BUY
Quantity: 20
Price: 68.75

-$1075 + -$18 = -$1093 total loss

 

Keyword: binary options trading log, FTSE 100, DAX, NADEX
<blockquote>OK you have read this far now its your turn… Please give me a comment. Where do you think I can improve. Are there any sustains?</blockquote>

Dustin Donham

Dustin Donham

Webmaster / Trader / Marketing Guy at Forex Forge
Dustin is a humble student of the markets, traveler & all-around badass. When not trading he works with private clients to improve their online marketing efforts. Fo sho.

He enjoys outdoor activities, a perfect day for him would be a trek to remote waterfalls followed by a some whitewater paddling or a bike trail ride.
Dustin Donham

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