The 7:00 am EST DAX Strategy
The 7:00 AM hourly bar on the DAX is a pivotal point and generally sets the direction of the DAX market 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 7am 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.
collected and edited by :
Managed binary option Account Service®