https://www.forexfactory.com/attachm...8&d=1495238184
UP or DOWN ?
Money Flow Will Decide That Based On NEW INFORMATION (REAL OR FAKE)
Good Evening...
Time to CHILL...
On Edit - May 20, 2017 - I saw this excellent chart this morning on the EUR/USD thread.
https://www.forexfactory.com/attachm...9&d=1495256185
Looking very carefully at the chart and now knowing all the events that have already happened in the last 10 days what the chart does is give us a clear picture of the movements of EUR//USD. The only way to know if EUR/USD will continue to go up or go back down is to wait and see. If you form an opinion as most everyone will do then you have a BIAS. If you use that BIAS then you start to form opinions that will effect your Forex trading. When the movements start if you do not know why then you are not going to be informed what is happening and more important why.
I have an opinion and a BIAS as well HOWEVER the difference is that using PATIENCE and DISCIPLINE and EXPERIENCE and LEARNED KNOWLEDGE, I will only trade with the Trend so I have eliminated the danger of my BIAS being wrong as long as I am correct in determining the TREND. Then all I then need to do is wait for the MONEY FLOW to start and SEE the direction before I make any trades. Of course we also need to understand what is causing the direction of the move and what events will cause the direction to REVERSE.
I am looking at my FXCM UK Forex trading platform and EUR/USD is at 1.1207.
Of course since our Trade Plan is to SHORT EUR/USD then the only question that remains is when and at what price do we SHORT ? When KeepCalmfx does my SCREENSHOT you will see that I did 2 SHORT EUR/USD trades yesterday and I was using 112.000 as my reason. When I saw that there was no major movement below 112.000 then using DISCIPLNE and not wanting to have an open position over the weekend then I just took the small loss to have peace of mind and to be able to make FRESH decisions and NOT EVEN the need to go SHORT EUR/USD because it still is our Trade Plan Number 6 and our three BEST Trade Plans as you can see from my actual results is (1) SHORT US 30
(2) SHORT SPX500
(3) SHORT USD/JPY
(4) LONG GOLD
(5) LONG SILVER
(6) SHORT EUR/USD
The reason that I took time this morning for myself to write this and share it here is so that it is clear and I am able to explain it quickly to others that I am in discussion with now concerning my Forex business.
By trading Forex using Money Flow Trading with Risk Management both retail Forex traders and sophisticated commercial Forex traders can surely improve their results as long as they can keep an open mind and learn and use this way of trading Forex that is GUARANTEED to work as long as you are able to trade Forex without FEAR and GREED and the hardest EMOTION to overcome is your EGO.
Benjaminis
UP or DOWN ?
Money Flow Will Decide That Based On NEW INFORMATION (REAL OR FAKE)
Good Evening...
Time to CHILL...
On Edit - May 20, 2017 - I saw this excellent chart this morning on the EUR/USD thread.
https://www.forexfactory.com/attachm...9&d=1495256185
Looking very carefully at the chart and now knowing all the events that have already happened in the last 10 days what the chart does is give us a clear picture of the movements of EUR//USD. The only way to know if EUR/USD will continue to go up or go back down is to wait and see. If you form an opinion as most everyone will do then you have a BIAS. If you use that BIAS then you start to form opinions that will effect your Forex trading. When the movements start if you do not know why then you are not going to be informed what is happening and more important why.
I have an opinion and a BIAS as well HOWEVER the difference is that using PATIENCE and DISCIPLINE and EXPERIENCE and LEARNED KNOWLEDGE, I will only trade with the Trend so I have eliminated the danger of my BIAS being wrong as long as I am correct in determining the TREND. Then all I then need to do is wait for the MONEY FLOW to start and SEE the direction before I make any trades. Of course we also need to understand what is causing the direction of the move and what events will cause the direction to REVERSE.
I am looking at my FXCM UK Forex trading platform and EUR/USD is at 1.1207.
Of course since our Trade Plan is to SHORT EUR/USD then the only question that remains is when and at what price do we SHORT ? When KeepCalmfx does my SCREENSHOT you will see that I did 2 SHORT EUR/USD trades yesterday and I was using 112.000 as my reason. When I saw that there was no major movement below 112.000 then using DISCIPLNE and not wanting to have an open position over the weekend then I just took the small loss to have peace of mind and to be able to make FRESH decisions and NOT EVEN the need to go SHORT EUR/USD because it still is our Trade Plan Number 6 and our three BEST Trade Plans as you can see from my actual results is (1) SHORT US 30
(2) SHORT SPX500
(3) SHORT USD/JPY
(4) LONG GOLD
(5) LONG SILVER
(6) SHORT EUR/USD
The reason that I took time this morning for myself to write this and share it here is so that it is clear and I am able to explain it quickly to others that I am in discussion with now concerning my Forex business.
By trading Forex using Money Flow Trading with Risk Management both retail Forex traders and sophisticated commercial Forex traders can surely improve their results as long as they can keep an open mind and learn and use this way of trading Forex that is GUARANTEED to work as long as you are able to trade Forex without FEAR and GREED and the hardest EMOTION to overcome is your EGO.
Benjaminis
3