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!!
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Getting the Right Mind Set Distinguishing Between Expenses and Failures ~ forex trading hours today

9:55 PM in and, between, chart, daily, distinguishing, expenses, failures, five, Forex, frame, getting, love, mind, reason, right, set, the, this, time, to

Certainly when people start to get into forex trading every little trade that doesnt go their way seems like a gigantic failure. Definitely the reasons why this is the case are many but perhaps the most important one is that new traders do not have an approach to trading that lets them make the distinction between what is a failure and what is a normal trade that simply went wrong when everything was done "by the book". On todays post I will be talking about the distinction between trades that fail and trades that lose, I will define each one and I will attempt to give you some guidelines so that you can change your mindset and start approaching trading from a more business like perspective. Hopefully after reading this post you will apply this to your trading and you will find out that most of your so called "failures" are just business expenses while many of your profitable trades, are just failures.

Cataloging trades that go "wrong" and end up in losing territory as failures is easy because when we lose money we tend to feel like losers. It is therefore very normal to consider losing trades failures in the beginning. However after you have been trading for a while it becomes obvious that losing is an inherent part of long term profitable trading and that learning to catalogue losing trades differently is important to approach trading with the right mindset. In reality, when every trade is placed there is a natural probability that it may turn out to be a loser (the trades market exposure) and therefore when you execute everything as planned and you lose, it is just a temporary consequence of your strategy.

When you approach trading like a business, this becomes a business expense and the trade become a triumph since you planned you trade and traded your plan. This in turn makes it easier to deal with losing trades since you approach them in a very non-emotional way, simply as some temporary events that will lead to some future profitability. Therefore losing trades that are a consequence of a well laid out plan with accurate long term profit and draw down targets are not failures, they are just part of your business model.
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Failures - on the other hand - are all the trades you take that deviate from your business plan. When you intervene with your plan and make emotional changes to your trading methodology or system you are indeed failing at trading because you are moving away from your "business model". If you made a trade in which you took a decision that generated a lot of profit but that decision led to a road where the long term probability of success was unknown then you have failed because what you obtained was some profit out of some luck. Long term survival in forex trading is about having a plan and executing the plan to get to where you want to be, any deviations from the plan are failures since they lead you a road of unpredictability and uncertainty that will end up with failure.

In order to trade forex successfully I focus on trading as a business and on the trades taken by my systems as a business plan. Any losing trades that happen are merely "business expenses" and all of them are triumphs in the sense that they represent my confidence in the strategy and the business plan. I now understand that any action I take that may intervene with my strategies will deviate me from my long term profitability objective and this for me has become unacceptable since these changes constitute failures of what I want to achieve.

So in the end, loses are a natural part of trading and they will always be there. Dealing with loses is something which is naturally hard to do but you should be able to make the distinction and take loses that are part of a well laid out plan as business expenses while those trades that get you to uncharted territory should be regarded as failures. This mindset will get you on a track of long term thinking and understanding that will ultimately lead to long term profitable trading.

If you would like to learn more about automated trading systems and how you too could use them to succeed in forex trading by building your own systems with reliable trading tactics and accurate risk and profit targets please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Nadex Trade Signal Recap Profit Loss for this week ~ forex trading opening hours

8:32 PM in for, Forex, high, loss, nadex, probability, profit, recap, rewards, risks, signal, this, trade, trading, vs, week

Here I will recap this weeks trades. Did we make any money or lose money? See below. Traders often ask me how much they can make. We have traders who trade all different amounts of size so at the bottom, I posted a list of the amount of money they made or lost if they traded X number of contracts.

Monday July 21, 2014
Bought Wall St 30 - $45 Profit

Tuesday July 22, 2014
Sold US TECH 100 - $25 Loss
Sold US TECH 100 - $0 Break even

Wednesday July 23, 2014
Sold US TECH 100 - $20 Loss
Sold US TECH 100 - $44 Profit
Sold Gold (weekly)  - Still open at the end of the day
Bought Silver  (weekly) - Still open at the end of the day

Thursday July 24, 2014
Closed Gold - $25 Profit

Friday, July 25, 2014
Closed Silver  - $75 Loss
Bought US TECH 100 - $44.50 Profit

Total profit/loss for the week:
Total - Profit of $38.50 if you traded one contract
Total - Profit of  $194.50 if you traded 5 contracts
Total - Profit of $389.50 if you traded 10 contracts
Total - Profit of $974.50 if you traded 25 contracts.

Some of the traders did not trade the gold and silver trades. If thats the case, then profits this week were $88.50 instead of $38.50.

Some traders told me they increased their contract size after a loss. I advise against that because it can become your death trap but if they did, they made more than whats posted. Remember though that there will come a day when you cant martingale your way to success. There will be strings of losers so that habit is ok if you limit it to one or two times but just keep yourself in check.

Lessons learned this week: One bad ITM trade can screw2/3 of the weeks profits. On a scale of 1-10, I rate this week as a 2.5. I was not happy with the results, even though we made a profit.

Highlight of the week: Our first trade of the week soared within a few minutes of buying it. Our Gold trade tanked once we sold it. These were 2 happy moments.

Note: This doesnt account for fees or commissions.

Happy Trading and see yall next week!
-Ryan
admin@joaquintrading.com

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What the H E Double Hockey Sticks happened today ~ forex trading orange county

2:54 AM in double, e, for, Forex, h, happened, hockey, loss, nadex, profit, recap, signal, sticks, the, this, today, trade, week, what

As you are well aware, we had a losing day today. Remember all that talk about probabilities? Here is why I took a long position.

The wall street 30 had not closed below 200 points since may 13, 2014. There have been 65 trading days since then. The day was a bear day but to drop below 200 points was beyond me. The statistical probability of it closing below 200 points today was really low so I stand by my trade, win or lose. I say this because in the long run probabilities work.

Now on a brighter note... Yesterday, many of you made a lot of money on that bull spread. One person raked in $700 yesterday and that is fantastic! Congrats! I have been getting a lot of feedback about wanting more bull spread trades so tomorrow, I will send one out. I may do it tonight at 6pm but highly doubt it. It will most likely be tomorrow morning around 8am eastern.

There is a data table I posted in the facebook group "Nadex Trading Ideas" and it will show you a lot of statistical information about daily prices over the past few years such as the range, open to close, open to high, open to low, etc...

Bull Spreads, if you can get close to the floor or ceiling, work great. I will be sending out signals of probable TP targets. Whether you take them is up to you but hear this. The TP targets work. They may keep you from making a killing one day but they will also keep the money stream steady and smooth.

I will show you how the signals will look and explain how to read and trade them...

Example signal (This way I can fit everything in 140 characters...

Buy WS30 16800-17200 for 16810. Sell WS30 16400--16800 for 16790. TP=15 each side. RR +30/-20

How to read it...

WS30 stands for Wall Street 30 (I am trying to save space)

If I say buy for 16810 and currently price is at 16830, just place a working order for 16810 and go to bed.
If price is currently 16805, then great because you can get a better price.

TP=15 means that you will want to take profits at +$15 on each side. This means that as the price swings occur throughout the day, if price swings up 15 points, you will take profits on your buy position. If price swings down 15 points, you will take profits on your sell position. Leave the other side open if it has not taken profit yet.

RR+30/-20. This is where I tell you what the risk/reward is on the trade. This means that max win would be $30 for both contracts and the max loss will be -$20 for both contracts. If you get in the trade and one side takes profit and the other side expires worthless, then your P/L for the day (on the trade I just mentioned) would be +5 because you won one for +$15 and lost one for -$10. that equals +$5.

As long as one side gets hit at some point before expiration, you will have made money on this trade.

This is called a Non-directional trade. It does not matter which way the market goes. As long as it moves, you will have a successful trading day.

If the market does not move, you will have an unsuccessful trading day. If this is something you are interested in, please send me a message on facebook and I will start sending these out.

Have a great day and Happy Trading!












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This weeks recap Nadex Performance ~ forex trading on mac

3:34 PM in a, Forex, nadex, of, performance, probability, range, recap, staying, this, weeks, within

Yeah this week was a osing week! Last week was as well. However we are still up. Here is the performance numbers so far...

Week                    Weekly Performance   Running Total

July 21-25, 2014              +38.50              +38.50
July 28-Aug 1, 2014        +92.00              +130.50
Aug 4-8, 2014                  +37.00              +167.50 
Aug 11-15, 2014              +9.00                +176.50
Aug 18-22, 2014               -19.50              +157.00
Aug 25-29, 2014               -45.00              +112.00
Sep 1-5, 2014

-------------------------------------------------------------------------------

I am constantly trying to improve my strategies. Many times, I will get an email about why we took a certain trade or why we lost the trade. The answer is no one knows. If you have a strategy and trade it, you must take the ups with the downs. If it has been back tested enough and put through rigorous trial, you should have a strategy that you can rely on.

I posted a book on our group site today. It is called  "Trend Following" by Michael Covel. A trader really needs to read that because it has all the statistics anyone would need to learn to ride out the losses.

Mark my words, there will be a few weeks in the next year which produce hundreds of points of profit. You just need to keep striving. Keep learning. Always keep getting better and better.

Some clients asked me this week, "Why did you change your strategy?" I didnt. I have a toolbox of strategies I use because the market is always changing, always evolving. 

I did a webinar this week that showed how a trader could make a living by one strategy alone. If you want to stick to it day in and day out, you must first back test it. I showed a month or so of back testing in the webinar but in order to put your own money on the line, make damn sure you know it inside and out. If you want to test it, here it is...

At 8am every day, if the Wall Street 30 price is above the hourly 30 period exponential moving average, then buy the 8am-415pm upper bull spread at $30 risk or less. Set your Take Profit at +20. Vice A Versa goes for a sell. Thats it.

Now this strategy wins way more than it loses and it works great during trends. During consolidations, it doesnt work so well. 

Back test it. Back test it for the past 10 years, day by day and you will gain confidence. Always trade on a demo account until you have that confidence.

Well until next week! I am excited for September!

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Cityboy This is a neat video check it out ~ forex trading pdf

8:19 PM in a, booker, by, check, cityboy, coin, flip, Forex, game, is, it, neat, out, rob, test, the, this, trading, video

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Why I am such an A hole about trading rules ~ forex trading news releases

4:06 PM in a, about, am, an, Forex, hole, i, performance, rules, such, this, trading, weeks, why

Please forgive my rudeness but in this article, I will discuss the reason I am such an asshole when it comes to trading rules. I may piss a few people off but there is a reason to my madness. Read on...

I havent written in this blog for quite some time. Maybe I should start back up...

Ok Here goes. Point blank, if you get pissed off, or your feelings get hurt by what I am about to say, please do the following...

1. Take your  trading computer and smash it against the wall.
2. Cry out for mama.

Now why would I say this? The reason is this. Trading is a career choice, not a game. This is a skill that can feed your family or create the life you have always dreamed of. If you are a gamer and get thrills by trading the wild swings... If you get your rocks off by feeling the emotions of fear and panic or greed and thrill, then play your little game and go off to gamers world and find your other cartoon character fake people to play with. Use your magic pack of childhood wonder and play. Play till your heart is filled with joy. But dont you dare ask me why you lose constantly if you can not follow the rules that have been laid out for you.

Take a look at the following equity curve.

Nw this is from my forex signals via twitter. Do you see the dips in equity? Some days, we have several losers in a row. Does this mean we should scrap the system and mark it off as a losing system because we have several losers in a row? Nope.

There are basic rules in place to create this performance. We can back test these rules to show a probability of success. What happens if we begin to break the rules? I will show you in the following little narrative.

Lets create an example set of rules.

Rule #1 - Buy on a break of the high.
Rule #2 - Sell on a break of the low.
Rule #3 - Take profit at 20 pips
Rule #4 - Take a stop loss at 20 pips.

Disclaimer- This is just an EXAMPLE and not an actual set of rules.

Ok lets say that this rule set works and has worked over the past 10 years. Well, one day someone wil come along and say, " instead of buying at the high, what if i buy 2 pips before the high. Then another guy will come along and say, " instead of buying 2 pips from the high, why dont i buy 2 pips from the high only if the rsi is above 70? And then another guy will come along and say, " what if i buy 3 pips from the high when the rsi is above 70 and the macd is turning. Then another guy will come along and say, " I can buy if Rsi is above 70 and macd is turning n high volume. Then another guy will come along and say, " What if  buy when there is high volume and macd is turning and stochastics are confirming?"

Do you see the cycle? Do you see how the trade no longer makes sense and does not in any way resemble the original rules?

This is what happens all the time. A trader has a set of rules that work and then Joe Bow and his cronies come along and think they can do better or somehow make the rules better. Before long, they have a losing strategy and who gets the blame?

The creator of the original rules gets the blame and it goes a little something like this, " Yes Joaquin Trading sucks! I tried his shit, lost 3 freakin trades in a row! I tried everything to make it work with rsi, macd, etc... and his stuff is so bad! stay away!"

Well here is one thing to remember. If you ever find a trader or trading educator that has a nasty results record or loses 90% of the time, you have hit a gold mine. Think about it for a second......

Thats right, just do the opposite of what he is doing and make a fortune!

Now back to the rules...

If you have a rule set that works, why try to change it? If you can prove that it made money over the past X number of years, why screw it up? Thats the same as saying, " Yeah there is a guy who randomly shows up at my house each morning and gives me $100 but I think I can make him give me $300." Before long, you will be the one giving him $100 every day.

Trading is not a game. It is your job, your business, your money on the line. Trading is a way of life to allow you to live life to the fullest. If you want to play, then play on demo or play is a small account. If you want to succeed, find a system that works and do it. Dont change it.

I wish you success!




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This weeks nadex recap July 28 Aug 1 (updated) ~ forex trading on fidelity

2:26 AM in 1, 28, aug, Forex, instructions, july, nadex, pair, recap, this, trade, weeks

Here I will recap our trades for this week. If you took every signal, this will show how our profits and losses happened. On some trades, some clients got filled at different prices but all I can show is the exact signals.

Monday July 28- 

Buy WS30>16830 (4:15pm) for $50. We took profit at $95 at 1:25pm. Profit = $45

Buy US Small Cap 2000>1145.0 (WEEKLY) for $41
Profit for the day = $45

Tuesday July 29- 

Sell WS30 bull spread16500-1690 415pm @ 16495. We took a slight profit.. Profit = $3

Buy WS30>16890 for $50. (This trade went down to $49 and then shot to 95 in about 15 minutes.. Some clients had their entry set at 55 got filled at this price and took profit at $95. I did not get filled because I kept my entry at 50. Even though some clients got filled, I can not include this in my daily P/L)

Profit for the day = $3

12:21 pm Sell US TECH100>3950 WEEKLY for $55

After Nadex opened back up at 6PM, We took these trades and held them all night.

Buy WS30 daily 16900-17300 @ 16914

sell US500 daily 500 1920.0-1960.0@ 1958.2

Wednesday July 30 - 
We took profit of $24 on both bull spreads. Profit = $48. Some clients didnt take profit at $24 but held and made more. Some clients didnt take profit and lost both for a net loss of -$32

Profit for the day = $48

Sell US Tech 100>3950 (WEEKLY) for $55

Thursday July 31- 

We closed US Tech WEEKLY Sell Position for $10. Profit = $45

Buy WS30>16700 for $50. Closed at a loss -$30
Buy WS30>16640 for $50. Closed at a loss -$25

Loss for the day = ($10)

Friday Aug 1 - 
Our Weekly US Small Cap 200>1145 expired OTM. Loss = $41

Buy DAILY US500 1930-1970 @ 1931. Took profit @+$30
Sell WS30 8am-415p 16100-16400 @ 16389. Took prfit @ +$17

Profit for the day +$6


Total P/L for the week = +$92
Trading 5 contracts = $460
Trading 10 contracts = $920
Trading 25 contracts = $2,300

Thoughts about this week...

Even though we were profitable, there was a time this week that I was just in misery. On Thursday, the DOW dropped something like 317 points. We were trying to buy on a dip. Lucky for us, we were in a binary trade and only lost a small amount. Losses happen. When they do, try not to beat yourself up. I spent the whole day with an upset stomach because I had lost my clients their money. But as I tell them all, in the end, it will be ok...and it was.

Take each trade but do not focus on it. One trade is just one trade. You look at the end of the week or end of the month and you will be fine.

Here is to another successful week!

Things I need to focus on...

Often when I send out signals, some clients have told me they didnt know exactly what I mean. So yesterday, I started streamlining the "wording" to make it a bit easier. I think that is fixed but I will continue to strive to be as clear as possible.

To my clients...

You are all awesome! Thank you and feel free to ask me questions about anything you dont understand.
















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This weeks performance ~ forex trading online

4:41 PM in curves, do, equity, following, Forex, like, look, performance, this, trend, weeks, what

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i needed to upload some artwork for my channel ~ forex trading online course

11:53 AM in artwork, channel, for, Forex, i, my, nadex, needed, performance, recap, some, this, to, upload, weeks

Go to the roku channel store. Click on "internet tv" and add my channel!

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