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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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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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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