Trading Out of the Money Binaries: Part 2

In Part 1, Gail identified numerous out of the money binaries on the futures based on the Futures being oversold (retracements to the upside were likely).

Although most futures traders would have been stopped out on the first entry, a trader doesn't need to be so precise when trading binaries, which is why they are much easier to trade.
In this case, at the open price retested the previous lows (moving against the trade positions), and since the risk was capped on entry, the positions were maintained. By the end of the day, after the FOMC Meeting Minutes were released, the market began the retracements, as anticipated, and the trades worked out.
In this short 5 minute video, Gail shows you the results of her five trades (2 on the DAX, 2 on the Dow Jones and 1 on Crude Light).

• Crude Light > 88.50

o ($155) (expired worthless)

• DAX > 9100

o $200 (exited at $40)

• DAX > 9080

o $500 (each contract expired at full value $100)

• Wall St 30 (Dow Jones) > 16700

o $500 (each contract expired at full value $100)

• Wall St 30 (Dow Jones) > 16720

o $500 (each contract expired at full value $100)

Overall profit for the day: $1,545
Overall Risk for the day (worst case scenario): $747.50
Overall Risk to Reward for the Day: $1 to $2.06
Overall Return for Investment for the Day: 207%

Check out the video below for a full recap: