I am really trying to get a handle on doing momentum scalps (Apex elite chart using Nadex Binaries). I have viewed many videos and threads and seem to get conflicting information. I am NOT doing futures, just Nadex. With that said, here is how I see it. Please correct me if I’m wrong. Really trying to learn here.
We should be looking for next hour OTM strikes. If none are found, we can go with a ATM current hour strike. Take profit is essentially $20 as a target. Normal rules apply. 3 ticks above/below, no stop loss needed because they are capped. Must have exceeded volume. Watch for major deviation levels. In particular, +1 or -1 and settlement as well as range high to low.
Have I got this right? Please correct if wrong. Or add info as needed. Thank you.