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

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

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.
















forex trading on fidelity

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