Hello everyone! I have been trading Nadex and Forex for quite some time now. I started originally with Binary Options and very quickly found the downfall to choosing these offshore brokers. What I would like to share with you today, is a neat concept that I implement often when trading the Nadex platform. This concept can also be used when trading Forex, using the Trend Analysis Concept – watch below for Video #1-4 on Trend Analysis.
Adding the RSI or Relative Strength Index, along with MACD can really help to ensure solid trades. I have found that the combination of these two sets up some beautiful until expiry Nadex trades.
What you are looking for is the RSI line to break the 70 or 30. This is displaying that the price has been overbought or oversold. Upon re-entry, you want to watch the MACD and see if it is displaying the same trend direction. If both the RSI and MACD are displaying the same trend direction, then you would place an order on Nadex to sell at the top of the candle that entered back into the RSI 70 line, or a buy at the bottom of the candle that reentered the RSI 30 line for a top of the hour trade.
Let me show you some examples:
Here is the video only on the RSI and MACD addition to the Trend Analysis Concept, but be sure watch all of the videos for a full explanation 🙂