Rules for the S&P 500 Lunch time trade, dubbed the “Pastrami” trade by Cam White:
Instrument: S&P 500
This is primarily for Nadex Binaries.
- Choose the intraday 11am - 1pm US 500 Index within the Apex Binary Scanner
- Use a hourly candle stick chart on TF
- When you’re convinced that the 11am EDT hourly will close up (bullish), buy the first Nadex strike price available below the opening price of the 11am hourly candle stick OR When you’re convinced that the 11am EDT hourly will close down (bearish), sell the first Nadex strike price available above the opening price of the 11am hourly candle stick.
You can be more conservative by letting the 11am hourly candle close (it would close at noon), 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.