Abbreviations for our signals and a few guidelines ~ forex trading on td ameritrade

11:19 PM in 1, 28, a, abbreviations, and, aug, few, for, Forex, guidelines, july, nadex, our, recap, signals, this, weeks

Here is a list of abbreviations we use in our signals and what they mean. I will try to fit the actual words in the text but I often abbreviate due to limited space.

WS30 = Wall ST. 30

USSC2000 = U.S. Small Cap 2000

TP = Take Profit. This is the area that you want to close your trade at a profit.

SL = Stop Loss. This is the area you want to close your trade at a loss.

WO = Working Order. If we send our a price level to buy or sell at and it is not where the market currently is, Nadex will place this trade in a working order window to fill at a later time.

BS = Bull Spread Trade

BO = Binary Option Trade

B/E =  Break Even

@ = "At" a certain price

Also, Below are a few guide lines to remember:

If we set a TP @ 16540 and price is at 16535, you do not have to message me to ask if it is ok to take your profits now. If you want to take your profits, go ahead but I will let you know when I am taking mine.

Please do not message me to ask me what I think the market will do. I dont know what the market will do. I never have and never will.

If I send out a signals such as this... BUY WS30 16500-16900@16510 and the market currently is at 16505, then YES YOU CAN BUY IT AT 16505 because it is a cheaper price. Anything between there we say buy it and the floor/ceiling is an ok price to buy or sell.

So anywhere between 16510 and 16500 would be an ok area to buy

If i say to sell the 16500-16100@ 16480 and price is currently at 16490, then sell it because you got 10 points of a better price than we did.

The exception to this rule is that it must be within a few minutes of when we send the signal. You can not wait around all day and do it because it will not work then.

Alrighty, thats it. You have a great day!!
forex trading on td ameritrade

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Weekly Nadex Market recap 8 8 14 ~ forex trading on the weekend

11:24 PM in 14, 8, a, abbreviations, and, few, for, Forex, guidelines, market, nadex, our, recap, signals, weekly

We had another profitable week. If a trader took every signal as posted, below are the results

Monday +21
Tuesday +20
Wednesday +11
Thursday -15
Friday (No Trades)

We took a DEMO trade on Thursday evening that carried over into Friday. As of right now, that trade is at a floating loss of -29. It has fluctiated between +20 and -35 for the past 16 hours now and I suspect it will expire about -15 or so.

Had we taken that trade live, our weekly P/L would be (with the current -29 trade) around +8, which is what I would consider a slightly better than break even week.

Since we are discounting the demo trade, our week will end at +37.

I have talked about this before but +37 may not sound like a lot but it all depends on the amount of contracts you are trading.

$37 on a $1,000 account is still a great return. 3.7% for the week.

Trading 10 contracts, this is $370. On a $10,000 account, this is a 3.7% return for the week or 192% per year. Compound interest is a grand thing if you use it right.

To my Clients:

I have had conversations with people this week and want to relay my thoughts to you about an issue. Many, many future clients all told me the same thing which is this, " You signals only trade 1-3 times per day. I cant make any money that way." I am sorry but they dont know what they dont know....yet.

Trading is a long term business model. It can compound your account into unbelievable amounts in a relatively short amount of time, over months and years. It can also be a great source of extra income. Treat this like a business and not a hobby and your account will stop taking giant hits. If you are unsure about something, DEMO trade it until you are sure. The market will be here tomorrow and the next day and 100 years from now (in some form) so just relax and stop trying to push trades through in the hopes to make more and more. Sit back and think to yourselves, "Are these signals, if taken correctly, making a profit?" If the answer is yes, then relax, be patient, enjoy the ride, and take a look at the tab above, entitled "compound interest".

Clients, you are all great and have had some awesome feedback this week from you. I am listening and if all goes well, next week I will be offering the bull spreads and also will be offering a lot more binary trades throughout the day.

Have a great weekend!!!




forex trading on the weekend

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