Rules for the FTSE 100 Morning Trade, referred to as the “Footsie” strategy by Cam White:
Instrument: FTSE 100
This is primarily for Nadex Binaries.
Similar to the FDAX “Strudel” trade
Choose the intraday 9am - 11am EDT expiry FTSE 100 within the Apex Binary Scanner
Use a hourly candle stick chart on FTSE 100
When you’re convinced that the 9am EST hourly candlestick will close up (bullish), buy the first Nadex strike price available below the opening price of the 9am hourly candle stick OR When you’re convinced that the 9am EDT hourly will close down (bearish), sell the first Nadex strike price available above the opening price of the 9am hourly candle stick.
You can be more conservative by letting the 9am hourly candle close (it would close at 10am), then do the trade. You can also chose strikes further away that will vary your risk/reward ratio.
This is NOT an APEX trade or strategy. Demo it before trading it. Provided for educational purposed only. Cam White is the original author of this strategy.