This information is from my post 900 from page 45 of this thread posted on January 6, 2017.
I want to put it on this post since I did much editing and I want to make sure everyone sees all of it. Please share with me your thoughts and comments so I understand what you are thinking and if you need clarification of what I have said.
One of our posters, vladimir8686 who opened a FXCM UK $50,000 US Funds Demo Trading Account did not appear to agree and I hope my assumptions are incorrect. It seemed that he did not understand the point of all this that is done here on this thread.
That is why we all do things the way that we are programmed whether they really work in the end game or not and my remarks are not of a personal nature just sharing my own thoughts.
HEADS UP !!!
What I said probably would happen has now happened. Have a look at the 5 Minute Chart on US 30
http://finviz.com/futures_charts.ashx?t=YM&p=m5
US 10 Year Bonds
http://finviz.com/futures_charts.ashx?t=ZN&p=m5
US Dollar Index
http://finviz.com/futures_charts.ashx?t=DX&p=m5
EUR/USD
http://finviz.com/forex_charts.ashx?t=EURUSD&tf=m5
USD/JPY
http://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5
Comments from Benjaminis: What I just shared here now only comes from EXPERIENCE.
You do not need to take all the years and work that I put in to my business because I just shared another Trick of the Trade that you can now use every month during 2017. When the NFP number is OFF either High or Low then it is better for trading Forex since the swings are more extreme. I also want to make it clear that using Technical Indicators is NOT VERY IMPORTANT. My point it does not LEAD and it only follows so if you use it as your LEAD then it just might LEAD you to the Poorhouse. I hope not and that is why I love teaching and sharing my knowledge.
We just had news released at 10 AM so now that is another FACTOR into the Markets that now again will change the MONEY FLOW !!!
I again repeat the following;
http://www.forexfactory.com/attachme...3&d=1483711281
Does it tell you if EUR/USD is going to 10400 ?
I am only pointing this out because I know it is true what I teach here.
Our Overall Strategy as follows;
(1) 20% is the Forex Trader.
(2) 20% is Risk Management in case the Professional or Retail Forex Trader makes the wrong trading decision.
(3) 20% is the EDGE that lets you trade with the markets and NOT AGAINST them because the MARKETS WIN EVERY TIME !!! (MONEY FLOW)
(4) 20% is the Technical Indicators which includes Supply & Demand, Support & Resistance, Pivot Points or any other technical indicator used.
(5) 20% is the Fundamental News released every day for everyone to see at the same time whether they are real or FAKE NEWS !!!
Notice how the two most common ones used by all Forex traders are Technical Indicators which includes Supply and Demand and Support and Resistance and Pivot Points or whatever system that has been developed in that field is number FOUR and Fundamentals is ranked number FIVE.
Comments from Benjaminis: I want it clearly understood that I am not against using all the excellent tools of Technical Trading. However to constantly make money in your business of trading Forex, if that is what you really want to do then you need to do it properly.
Perhaps this way is too much work and that is OK and if your results are good using another way then you surely should stick to that.
Benjaminis
I want to put it on this post since I did much editing and I want to make sure everyone sees all of it. Please share with me your thoughts and comments so I understand what you are thinking and if you need clarification of what I have said.
One of our posters, vladimir8686 who opened a FXCM UK $50,000 US Funds Demo Trading Account did not appear to agree and I hope my assumptions are incorrect. It seemed that he did not understand the point of all this that is done here on this thread.
That is why we all do things the way that we are programmed whether they really work in the end game or not and my remarks are not of a personal nature just sharing my own thoughts.
HEADS UP !!!
What I said probably would happen has now happened. Have a look at the 5 Minute Chart on US 30
http://finviz.com/futures_charts.ashx?t=YM&p=m5
US 10 Year Bonds
http://finviz.com/futures_charts.ashx?t=ZN&p=m5
US Dollar Index
http://finviz.com/futures_charts.ashx?t=DX&p=m5
EUR/USD
http://finviz.com/forex_charts.ashx?t=EURUSD&tf=m5
USD/JPY
http://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5
Comments from Benjaminis: What I just shared here now only comes from EXPERIENCE.
You do not need to take all the years and work that I put in to my business because I just shared another Trick of the Trade that you can now use every month during 2017. When the NFP number is OFF either High or Low then it is better for trading Forex since the swings are more extreme. I also want to make it clear that using Technical Indicators is NOT VERY IMPORTANT. My point it does not LEAD and it only follows so if you use it as your LEAD then it just might LEAD you to the Poorhouse. I hope not and that is why I love teaching and sharing my knowledge.
We just had news released at 10 AM so now that is another FACTOR into the Markets that now again will change the MONEY FLOW !!!
I again repeat the following;
http://www.forexfactory.com/attachme...3&d=1483711281
Does it tell you if EUR/USD is going to 10400 ?
I am only pointing this out because I know it is true what I teach here.
Our Overall Strategy as follows;
(1) 20% is the Forex Trader.
(2) 20% is Risk Management in case the Professional or Retail Forex Trader makes the wrong trading decision.
(3) 20% is the EDGE that lets you trade with the markets and NOT AGAINST them because the MARKETS WIN EVERY TIME !!! (MONEY FLOW)
(4) 20% is the Technical Indicators which includes Supply & Demand, Support & Resistance, Pivot Points or any other technical indicator used.
(5) 20% is the Fundamental News released every day for everyone to see at the same time whether they are real or FAKE NEWS !!!
Notice how the two most common ones used by all Forex traders are Technical Indicators which includes Supply and Demand and Support and Resistance and Pivot Points or whatever system that has been developed in that field is number FOUR and Fundamentals is ranked number FIVE.
Comments from Benjaminis: I want it clearly understood that I am not against using all the excellent tools of Technical Trading. However to constantly make money in your business of trading Forex, if that is what you really want to do then you need to do it properly.
Perhaps this way is too much work and that is OK and if your results are good using another way then you surely should stick to that.
Benjaminis