Money Flow Trading Method along with Risk Management

I've taken partial profits on the second long US 30 balance at Break Even on both first and second positions/

Closed partial position long USDJPY from 111.03 balance stop loss Break Even

So for anyone who still thinks that reading charts and understanding support and resistance along with market structure is use less, I hope I made you a believer. Everything is important....Have a wonderful day


MTV

MTVFX May 23,2017 Statement

scaled out of position 2 on long US30....remaining original entry 20882

took additional profits on long USDJPY from 111.03

MTV

MASTER TRADER VINCE

I WOULD APPRECIATE IT IF YOU STOP POSTING YOUR EGO HERE. We met not that long ago and you have absolutely nothing to do with me and what I teach here. You have told me many things about yourself and I have done some of my own research.

I have never seen proof of your real Forex trades while you have seen mine. Normally I would not reply in public HOWEVER you want way to far with this post here now. May I repeat your EXACT WORDS..."I hope I made you a believer" What exactly is your problem ? You have an EGO ISSUE and you were offered much of my time and energy and now you post on my thread to confuse the issues that I teach here. So.... You can do whatever you want however I have spoke to VS about you and well let us just say I am not impressed.

I teach about Technical Indicators and we USE THEM as you can see from the DAILY CHARTS however the CHARTS are JUST X RAYS and cannot predict the FUTURE. Money Flow needs no confirmation and trading with the Trend is the only professional way to trade.

At one time you were HEDGING your LONG USD/JPY and I told you that I used to do that and it is a losing proposition especially as it does not let you trade with the TREND. Of course if you cannot figure out the TREND because of a lack of understanding the REAL FUNDAMENTALS then I understand trying to trade in both directions.

One of the most important things that I teach here is to NOT TO USE THE CHARTS by themselves however because of your EGO you needed to point out what is clear about the charts. You may not like what I post here however that is your problem not mine anymore.

You have wasted hours and hours of my time and energy and you have not been honest with me.

Please have lunch by yourself as we have no more business together of any type.

Of course I wish you well in your trading for your clients and your teaching career however you can never teach me what I have learned in 14 years of hard work with proven results trading real funds for clients.

You called me last Friday and said you would call me and take me out for lunch. The sad part for me observing you is you are a taker and not a giver. Well MR MASTER TRADER VINCE go and make a fortune for yourself and your clients and your pupils however you are not welcome posting on my thread anymore because of what you just posted. This was not a contest between yourself and myself. I offered you friendship and honesty and well to be blunt you confused kindness for weakness.

I think that I have said it all and as of June 1, 2017, you will not have the benefit of my knowledge HOWEVER it is clear from your AMAZING RESULTS that you clearer are a superior Forex Trader and so be it. I might edit this post later on this evening however what I just said now came directly from my heart.


Benjaminis satisfied that he has stated what he meant and so it is what it is...

https://srsroccoreport.com/the-every...bble-code-red/

Hot Topics

1. May 18, 2017 | How Will The ‘GREAT DEFLATION’ Impact Gold & The Dollar?
2. May 23, 2017 | Shale Oil & Gas Production Costs Spiral Higher As Monstrous Decline Rates Eat Into Cash Flows
3. May 20, 2017 | THE EVERYTHING BUBBLE: Code Red

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THE EVERYTHING BUBBLE: Code Red
Posted by SRSrocco in Economy, News, Precious Metals, Videos on May 20, 2017 — 35 comments

The U.S. economy and markets are now the BIGGEST BUBBLES in history. In 2000, we experienced the Tech Bubble. In 2008, we suffered both a Stock Market and Housing Bubble. However, today… we are in the “EVERYTHING BUBBLE.”


This is an excellent video presentation by Mike Maloney at GoldSilver.com. Mike puts together some of the best quality videos in the precious metals industry. This one is a MUST SEE. If you are frustrated with the performance of gold and silver since 2012, this video shows just how insane the markets have become.

In the video, Mike provides charts showing how the economic and market indicators are peaking, even much higher than what took place in 2008. For example, Mike shows a chart on “Margin debt” in the stock market and how it is the highest ever:

https://dj0s31cxqi9ot.cloudfront.net...431.png?x65756

The indicators and charts in Mike’s video presentation provides evidence that the market is now one GIANT BUBBLE ready to POP. While the insanity could continue a bit longer, the indicators are now a BLINKING RED LIGHT that something is seriously wrong.
I highly recommend my readers to watch this video and please feel free to share it with others who are still gambling in the broader markets. Maybe it might WAKE THEM UP before it’s too late.


You can also find this video presentation here: THE EVERYTHING BUBBLE: Code Red
Check back for new articles and updates at the SRSrocco Report.

http://theeconomiccollapseblog.com/a...it-was-in-1990

They Are Killing Small Business: The Number Of Self-Employed Americans Is Lower Than It Was In 1990


http://theeconomiccollapseblog.com/w...icons/user.gif By Michael Snyder, on May 23rd, 2017



http://theeconomiccollapseblog.com/w...ie-460x306.jpgAfter eight long, bitter years under Obama, will things go better for entrepreneurs and small businesses now that Donald Trump is in the White House? Once upon a time, America was the best place in the world for those that wanted to work for themselves. Our free market capitalist system created an environment in which entrepreneurs and small businesses greatly thrived, but today they are being absolutely eviscerated by the control freak bureaucrats that dominate our political system. Year after year, leftist politicians just keep piling on more rules, more regulations, more red tape and more taxes. As a result, the number of self-employed Americans is now lower than it was in 1990
http://theeconomiccollapseblog.com/w...h1-460x266.png
In April 1990, 8.7 million Americans were self-employed, but today only 8.4 million Americans are self-employed.


Of course our population has grown much, much larger since that time. In 1990, there were 249 million people living in the United States, but today there are 321 million people living in this country.

What this means is that the percentage of the population that is self-employed is way down.
In fact, one study found that the percentage of Americans that are self-employed fell by more than 20 percent between 1991 and 2010.

And if you go back even farther, the numbers are even more depressing. It may be hard to believe, but the percentage of new entrepreneurs and business owners declined by a staggering 53 percent between 1977 and 2010.

Sometimes I like to watch a television show called Shark Tank, and on that show they make it seem like entrepreneurship in America is thriving.

But the exact opposite is actually the case. In a previous article, I discussed how the number of new businesses being created in the United States has been steadily falling over the years. According to economist Tim Kane, the number of startup jobs per one thousand Americans has been declining for several consecutive presidential administrations


Bush Sr.: 11.3
Clinton: 11.2
Bush Jr.: 10.8
Obama: 7.8
So why is this happening?

As I mentioned at the top of this article, self-employed Americans are being absolutely strangled by oppressive rules, regulations and taxes.

To illustrate this point, I would like to share with you some quotes from an open letter that was authored by a small business owner named Don Chernoff

#1 I work for myself and have to pay my own medical expenses. Before the affordable care act I was paying about $200 per month for a high deductible policy. It was far from perfect but it got so much worse under the Affordable care act.
I now pay over $400 a month, my deductible went from $5,000 to over $6,000 and my out of pocket costs for care have skyrocketed.

#2 I have to spend dozens of hours and thousands of dollars for a tax accountant each spring to prepare my taxes because I cannot possibly understand how to do it myself, and I have a masters degree in engineering.

#3 Many years ago when I quit a perfectly good job to start my own small business, I was shocked to learn that I had to pay both my share and what had been my employers share of Social Security.

#4 Between state, federal and local taxes youve probably paid 50% or more of your income in taxes, but thats not enough for politicians.

If youve been lucky enough to have created a business you can sell, now youll get to enjoy paying another tax on the capital gain from the sale.
This is another reason why we need a conservative revolution in Washington. We should demand that our members of Congress lower tax rates dramatically, completely eliminate the self-employment tax, greatly simplify the tax code and get rid of as many regulations on small business owners as possible.


In fact, if it was up to me I would abolish a number of federal agencies completely.
What we are doing right now is not working. Small businesses have traditionally been one of the main engines of economic growth in this country, but thanks to the left they are unable to play that role at the moment.


It isnt an accident that over the last ten years the U.S. economy has grown at exactly the same rate as it did during the 1930s.
If we want our economy to be great again, we need to go back and start doing the things that made it great in the first place. If we continue to suffocate our economy, we will continue to get the same results.


And with each passing day, we get more signs that the economy is heading into another major downturn. For instance, we just learned that Sears is closing 30 more stores on top of the 150 that had already been announced


Sears Holdings, which wasnt shy when it announced at the start of the year that it is closing 150 underperforming stores, has quietly added at least 30 more to the list.

Another 12 Sears stores and 18 Kmarts are among the locations that are closing, from Carson, Calif., to Hialeah, Fla., with most scheduled to shut their doors in July, based on calls to the stores, malls and confirmation in local media.

At the start of the year, the retailer pinpointed the 150 stores it said it would close. But it declined this week to provide a list of additional locations that are slated to shut since then, saying that it update store counts each quarter.

In addition, we just learned that new home sales in April were 11.4 percent lower than they were in March

If youre surprised by the collapse in new home sales in April, then youre not paying attention.
The 11.4% MoM plunge in new home sales in April was 5 standard deviations below expectations and the biggest since March 2015.

Yes, the stock market is holding up for the moment, but for most Americans the real economy just continues to deteriorate. Just because we are at the end of a giant financial bubble does not mean that everything is going to be okay.


The numbers that I brought up in this article are just another example of our long-term economic decline. In a healthy economy, entrepreneurs and small businesses would be thriving. But instead, they are being systematically strangled out of existence by a political system that is wildly out of control.


Benjaminis

Good day

Here are the charts

http://gainspainscapital.com/2017/05...y-volume-game/

The Bulls Need to Ramp This Thing To New Highs on Heavy Volume or It’s GAME OVER

Stocks need to go parabolic today or it’s game over for the bulls.
While CNBC and other media outlets continue to buy into the narrative that we’re in some kind of economic utopia, the reality is that the market senses a truly MASSIVE move is about to come.
The below formation is called a Rising Wedge formation. The truth is that stocks can break out of these formations either way. But if the breakout is to occur to the upside, there needs to be follow-through. A great example of this occurred in February, when we had an upside breakout, but there was no follow-through so stocks fell back into the formation again.

http://gainspainscapital.com/wp-cont.../GPC524171.png
Stocks broke down hard from this formation last week, but the bulls were able to reclaim it (barely) yesterday.
So now this onus is on the bulls. Either they push this thing straight up to new highs on heavy volume or it’s game over.
Will they do it? I don’t believe so. The ramp of the last few days has been on next to no volume. The global economy is rolling over. And the Fed has all but promised that it will be raising rates again in June (yes, the Fed is raising rates into economic weakness).
A final key point here: the longer stocks remain in this formation, the more violent the final breakout will be.
We’ve now been in this formation for nearly an entire year.
Downside target?
http://gainspainscapital.com/wp-cont.../GPC524172.png

http://www.marketwatch.com/story/us-...teid=rss&rss=1

Stock market holds ground as investors await Fed minutes

U.S. stocks traded slightly higher on Wednesday, though activity was subdued, ahead of minutes from the Federal Reserve’s latest meeting, which could quell doubts about a June interest-rate increase.
The Dow Jones Industrial Average DJIA, +0.15% rose 8 points to 20,945, a gain of less than 0.1%. The S&P 500 SPX, +0.10% was up 2.5 points, or 0.1%, to 2,401. The Nasdaq Composite Index COMP, +0.15% was up 14 points, or 0.2%, to 6,152.
All three indexes are near records, and if the Dow and S&P extend their advance to a fifth straight session, it will mark their longest winning streak since February.
Financial market participants are pricing in an 83% probability of a rate in June, according to CME’s FedWatch tool. The Fed minutes are due at 2 p.m. Eastern Time.

http://www.whatdoesitmean.com/index2305.htm

May 24, 2017
Seth Rich “Trap” Fallen Into By FBI Directory Comey Warned Ready To Be Sprung
By: Sorcha Faal, and as reported to her Western Subscribers
Another intriguing Foreign Intelligence Service (SVR) report circulating in the Kremlin today detailing the surging “Deep State” war against President Donald Trump states that the Seth Rich “trap” gambit, which destroyed former FBI Director James Comey, appears ready to be sprung in its entirety—and whose effects once sprung will be the complete destruction of the US mainstream propaganda media and its leftist Democratic Party masters. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]

http://www.whatdoesitmean.com/ajaj8.jpg

According to this report, Seth Rich was the Deputy Director Data for Voter Protection/Expansion who had helped develop a computer program for the Democratic National Committee (DNC) allowing people to type in their address and get a map to their polling place, but as a supporter of Bernie Sanders became appalled over Hillary Clinton’s “rigging the system” allowing her to become the Democratic Party nominee for president, thus causing him to release tens-of-thousands of secret DNC documents and emails to Wikileaks.
With Hillary Clinton’s campaign chairman John Podesta having previously warned, on 22 February 2015, that “I’m definitely for making an example of a suspected leaker whether or not we have any real basis for it”, this report continues, the SVR became “alarmed/highly concerned” when, during early July 2016, intercepted signals traffic in the United States “suggested/leaned towards” that Seth Rich’s life might be in danger—and that SVR Director Mikhail Fradkov authorized an emergency contact between his agency and the US State Department to reveal the details of—but, and shockingly, when Russian diplomats presented the SVR findings to US authorities, on 7 July, they were immediately expelled from the United States—and as we had detailed in our 13 July 2016 report titled “Assassination Of Top US Democratic Party Official Leads To FBI Capture Of Clinton “Hit Team”.

http://www.whatdoesitmean.com/ajaj9.jpg

Three days later, on 10 July, this report grimly notes, Seth Rich was assassinated with his believed to be assassins captured by US federal police forces after a running gun battle two days later on 12 July—and who were named in their original charging documents as 19-year-old Keyante Edwards, 18-year-old Alpha Jalloh and 20-year-old Keith Jones—all three of whom have completely disappeared from all US record searches of those charged with and/or convicted of crimes.
Of the most important of these three believed to be assassins of Seth Rich, this report says, is Alpha Jalloh, whom though identified in his Washington D.C charging document as being 18-years-old, the SVR had previously identified, in 2015, as being 26-years-old and a “high level fence and shipper” belonging to an international car theft criminal organization operating in New York City and New Jersey.
In fact, this report continues, it was through the SVR’s electronic surveillance of Alpha Jalloh that concerns were first raised about Seth Rich when in early July, 2016, this international criminal, who had been “suspiciously” released after his 2015 arrest, and believed to be an FBI informant, was discovered to be in direct contact with both Hillary Clinton’s New York City campaign office and the DNC office in Washington D.C..

http://www.whatdoesitmean.com/ajaj1.jpg

As to how Seth Rich accomplished his sending of tens-of-thousands of secret Hillary Clinton and Democratic Party documents and emails to Wikileaks, this report explains, was through his “alliance/partnership” with the German-Finnish Internet entrepreneur named Kim Dotcom—who since 2012 has been in a protracted legal battle with the United States from his home in New Zealand
Kim Dotcom’s battle against the United States government, this report explains, was instigated by the Obama regime who were threatened by their powerful Hollywood elitist backers to shut his Megaupload file sharing website down (Hollywood threatened both the Democrats and Republicans that they would lose their massive financial support unless they targeted Kim Dotcom) because its subscriber-users were using this service to exchange movies and televisions programmes—but that the US Supreme Court, in 1985, “Dowling v. United States”, unequivocally held that allegations of copyright infringement can be prosecuted only under copyright-specific legislation, not criminal law.
Upon President Trump taking power in January, 2017, and his loathing the leftist-communistic Hollywood elite as much as Dotcom, this report further notes, Kim Dotcom began negotiations with the Trump administration to have all of his charges dropped in exchange for his providing evidence proving that Seth Rich, not Russia, released all the Hillary Clinton and Democratic Party documents and emails to Wikileaks—and that culminated in the unprecedented secret meeting between Kim Dotcom, FBI Director Comey and CIA Director Mike Pompeo in New Zealand on 23 April.

http://www.whatdoesitmean.com/ajaj10.jpg

The Trump administrations secret meeting with Kim Dotcom, however, was nearly thwarted though, this report continues, when FBI Director Comey arrived prior to CIA Director Pompeo in New Zealand to begin negotiations—but with Dotcom refusing to meet privately with Comey unless Pompeo was there too—and President Trump being so outraged at this “backstabbing” attempt, he fired Comey a fortnight later telling Russian officials that this FBI Director was a “nut job”.
Two days after President Trump fired FBI Director Comey for his attempting to sabotage the negotiations with Kim Dotcom, this report details, the SVR reported that a “dark web” “kill order contract” worth 82,900 Bitcoin’s (now valued at over $198 million) had been issued against Trump—and though the SVR is not claiming responsibility, a highly-coded “dark web” conversation held between approximately 5 of these conspirators in the United States intelligence communities “Deep State” conspiring to assassinate President Trump was “released” to the public showing their plot plans, and as evidenced in their “conversations” held on Wednesday, 17 May from 2:31 pm to 3:15 pm—and reproduced below:

http://www.whatdoesitmean.com/ajaj2.jpg

http://www.whatdoesitmean.com/ajaj3.jpg

http://www.whatdoesitmean.com/ajaj4.jpg

http://www.whatdoesitmean.com/ajaj5.jpg

Codes used in this “dark web” “Deep State” exchange include: "RR" for Robert Mueller, "MF" for Michael Flynn, and "Limey" for Christopher Steele, a former British MI6 intelligence officer

Now cooperating with the “Deep State” against President Trump, this report says it’s important to note, is the family of Seth Rich, who are now represented by Brad Bauman, a radical leftist-communist and Democratic Party crisis communication expert advocating for the removal of Trump—but whose success can be noted in his being able to “arrange” the Fox News Network retracting their recent report showing the truth that Seth Rich leaked to Wikileaks, and his cowing the hugely popular rightist Fox News commentator Sean Hannity to “stand down” too.

http://www.whatdoesitmean.com/ajaj6.png

With this Democratic Party top dirty trickster Brad Bauman now openly attacking anyone investigating Seth Rich’s assassination by calling them “sociopaths”, this report concludes, Kim Dotcom, unlike Sean Hannity, is not being cowed, and has, instead, just hours ago, now openly declared his intentions to make the truth known in the United States itself by his stating on his website:
“I know that Seth Rich was involved in the DNC leak.
I know this because in late 2014 a person contacted me about helping me to start a branch of the Internet Party in the United States. He called himself Panda. I now know that Panda was Seth Rich.
Panda advised me that he was working on voter analytics tools and other technologies that the Internet Party may find helpful.
I communicated with Panda on a number of topics including corruption and the influence of corporate money in politics.
“He wanted to change that from the inside.”
I was referring to what I knew when I did an interview with Bloomberg in New Zealand in May 2015. In that interview I hinted that Julian Assange and Wikileaks would release information about Hillary Clinton in the upcoming election.
The Rich family has reached out to me to ask that I be sensitive to their loss in my public comments. That request is entirely reasonable.
I have consulted with my lawyers. I accept that my full statement should be provided to the authorities and I am prepared to do that so that there can be a full investigation. My lawyers will speak with the authorities regarding the proper process.
If my evidence is required to be given in the United States I would be prepared to do so if appropriate arrangements are made. I would need a guarantee from Special Counsel Mueller, on behalf of the United States, of safe passage from New Zealand to the United States and back. In the coming days we will be communicating with the appropriate authorities to make the necessary arrangements. In the meantime, I will make no further comment.”

http://www.whatdoesitmean.com/ajaj7.jpg

Other reports in this series include:
Most Secret Grand Jury In American History Paralyzes Washington With Fear
US Mainstream Media Unwittingly Plunges Into “Trump Trap”—Learns “Art Of War” Is Real
“Deep State” War Against President Trump Takes Bizarre Turn Down China Road
FBI Joins Trump’s “Deep State” Counterattack To Horror Of “Fake News” Media
Young Russian Offered $15 Million And US Citizenship In “Deep State” Plot Against Trump
US Federal Prison Ordered By Trump To Prepare For 23 “High Security Political Defendants”
Dark Web “Kill Order Contract” On President Donald Trump Issued For $150 Million
May 24, 2017 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
Americans Now Outlawed From Knowing The Laws They Live Under
“Gangs Of Death” Begin Encircling Our World, But They Can Be Stopped!

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https://www.efxnews.com/story/36129/...ws-major-banks

USD: Trading The FOMC Minutes - Views From Major Banks

The following are brief expectations for the FOMC minutes from the May-3rd meeting as compiled from the related research reports of 10 major banks. Overall, they're looking for clues on 1- inflation outlook, 2- tightening path, and 3- balance sheet reduction.
TD Research: We look for the minutes to reinforce a hawkish message on slack and growth. The minutes could also reveal additional plans on the intended balance sheet reduction. That said, the minutes tend to be a staid affair with much of the news backward looking. The key for today’s reaction is whether the minutes offer any signals on the path of future tightening or the sequence around balance sheet reduction. We don’t expect the minutes to offer much of these front.

Credit Agricole CIB Research: We see limited scope for dovish surprises as when it comes to today’s FOMC meeting minutes. In fact, today’s minutes should highlight that the committee saw the door for a June hike as open and we do expect the Fed to hike next month...Well supported central bank rate expectations are likely to put a floor below the USD and make current levels an attractive buy, for instance against the EUR and the JPY.

SocGen Research: The focus of those reading the Minutes will be on the Fed’s balance sheet plans, but beyond that, what matter is where rates are headed over the medium term, rather than where they are going in the next few months.

BTMU Research: The focus on the release of the FOMC minutes of the meeting on 3rd May. The statement of that meeting essentially played down the evidence of slowdown which hence cemented expectations of a rate hike in June. However, there is a risk that the minutes tonight might reveal some greater detail of debate over that interpretation. We still fully expect the FOMC to hike on 14th June.

Morgan Stanley Research: The market prices an 81% probability of a Fed rate hike in June, supported further by the Fed’s Harker saying that a June hike “is a distinct possibility”. The FOMC minutes will be watched to provide clues on the path for rates and how the committee views that tightening measure along with balance sheet reduction.

UniCredit Research: The minutes of the 3 May FOMC meeting should highlight that, while the committee discussed the weaker 1Q GDP and employment numbers, it concluded that the underlying momentum in the economy remained solid. It will likely also be interesting to follow the discussion on the details of when and how to start shrinking the Fed’s large balance sheet.

RBC Research: The focus will be on the pace of the tightening path and discussions about balance sheet reduction. RBC thinks the next wave of information about the balance sheet unwind is much more likely to come at the June meeting, but there is an outside chance of some additional news about the approach that will be used to shrink the sheet. The remaining issues are timing, tapering, and the pace of runoff. Any further elaborating on these could be market-moving.

NAB Research: We expect the FOMC Meeting Minutes to reiterate the consensus view within the Committee for two more hikes this year and expect the market to be sensitive to any commentary on the inflation outlook. A June hike still looks like the base case scenario, but if there are any signs of doubts over the expected upward path on inflation this view may be challenged.

Barclays Research: We expects the minutes to show that most FOMC members viewed the slowdown in Q1 activity as transitory, and to downplay soft incoming data against continued improvement in labor marker data. In addition, they should show that committee members viewed the weak February inflation data as driven by one-off factors. Regarding the outlook for policy, the minutes will likely conclude that a further normalization of policy remains appropriate.

SEB Research: We will look in the minutes for indications about how certain Fed was that the Q1 weakness was temporary and any discussions of fiscal policy. "Arguably, the most interesting aspect of the May minutes would be details about balance sheet normalization. We will be looking for indications of expected start time, the appropriate future size if the balance sheet, and the pace of reduction.

COMMENTS FROM BENJAMINIS: Let us review what we teach and why it works if YOU WORK.

Without your WORK then you are just wasting your time and probably your money.

There is no such thing as Political Correctness here because we are here to teach and share our knowledge ALL FOR FREE until May 31, 2017 and then if you have subscribed to this thread before May 31, 2017, then you will get a FREE LIFETIME PASS to our company website.

SO.... going back to our winning FORMULA for FOREX SUCCESS.

20% of the SUCCESS is yourself the Forex Trader.

20% of the SUCCESS is your EDGE which we teach you and that is Money Flow Trading.

20% of the SUCCESS is control of your RISK (Your hard earned money) Our UNIQUE RISK MANAGEMENT allows you to trade without worry, fear and greed. Of course we want to make sure that you have the right qualities to be a winning Forex Trader so our course is for a period of three months, so we can teach you the right trading methods and we can see your results and make adjustments without your FEAR OF LOSS of Real Money.

20% of the SUCCESS is using and understanding the USE of Technical Indicators which include not only the common ones. It includes the understanding of Supply and Demand. Support and Resistance and the use of Pivot Points which you can see each day on our daily charts that cover ALL our Trade Plans which we also help you develop and explain WHY. These are our Winning Trade Plans that we review every three months or earlier if circumstances in the markets require that.

20% of the SUCCESS is the FUNDAMENTALS, which are much more than Data Releases each day around the world. It includes reports and articles extremely well researched as you can clearly see from this article that explains why the TREND in the Equity Markets especially in North America is DOWN. By understanding the difference between PERCEPTIONS (MARKETS) and REALITY, you then have a good handle on REALITY before the MASSES do and you are not surprised when events eventually unfold.

In order to be able to help you better it is VERY IMPORTANT that you share your thoughts and your QUESTIONS here on our thread.


Benjaminis

So.... as I reach the end of my posting on this thread that I started on December 3, 2016 all that I have left to say is that by the 22ST of May 2017, which will be after trading my FXCM UK $50,000 US Dollars Demo Account started on February 21, 2017 that on a BEST EFFORTS basis I will do my last Forex Trade on this DEMO ACCOUNT which now has an Equity Balance of $81,461.10 US Dollars with DRAW DOWN of $6,473.55 US Dollars included in the above totals my goal is and will be $100,000 US Dollars.

That is the only talking that counts in life. RESULTS !!!

ON EDIT ON MAY 21, 2017 6:45 PM (New York Time)

My results as the SCREENSHOT that my associate KeepCalmFX did today shows my balance as of today with the FXCM UK Demo Account ALL IN CASH at $89,268.11 US Dollars. So... I have decided to trade it until June 1, 2017 which will be 100 days from February 21, 2017.

That will work out to 1% each day and a Target of $100,000 US Dollars and the doubling of the account from $50,000 US Dollars to $100,000 US Dollars ALWAYS trading with Our Six Trade Plans...

RE-POSTED ON MAY 24, 2017 at 8:15 PM (New York Time)

https://yragharris.com/2017/05/24/mysterians/

Notes From Underground
Where 2+2=5 is also a beautiful thing


« Notes From Underground: Angela Merkel Finally Faces Facts
Notes From Underground: The Mnuchin Budget — 96 Tears With ? and The Mysterians


The rollout of the long-anticipated U.S. Treasury budget brought tears to my eyes. Why? Because it couldn’t help but wonder how supposedly intelligent people could present a politically ridiculous BUDGET and tax plan.

The drafters lose the battle when they first present an increase in defense and make it a sacred cow of the Trump White House. You cut many social safety net programs while finding MONEY for questionable foreign entanglements and many unneeded weapons systems. The beauty of the original Bowles-Simpson plan was that all the sacred cows of the budget process were GORED. In my opinion real budget changes and reform must start with reining in the defense sector, but unfortunately too many Congressional districts are the recipients of defense spending and, of course, defense sector jobs. In a GREAT SANTELLI INTERVIEW Wednesday, former Senator Alan Simpson ripped apart the White House budget proposal and noted that it was sprinkled with fairy dust.

Simpson also agreed with Larry Summers, who referred to the GDP numbers as fantasy. The numbers used by the Trump Administration are subject to doubt. As Larry Summers wrote in his blog: “Then the administration asserts that it will propose revenue-neutral tax cuts, with the revenue neutrality coming on part because the tax cuts stimulate growth! This is an elementary double count. You cannot use the growth benefits of tax cuts once to justify an optimistic baseline and then again to claim that the tax cuts do not cost revenue. At least not in a world of logic.” My long-time readers are aware I frequently criticize Summers but this time I believe he has it right.


More importantly, the optics are the work of supremely naive policy makers. If the U.S. is ever to get tax reform and budget responsibility it begins with cutting defense spending. President Trump came into office with the desire of rolling back Pax Americana. In light of that promise this BUDGET PROPOSAL is a boondoggle. And the questions that this mysterious act of self-destruction from Mnuchin and his minions left me crying with 96 tears of exasperation from the stupidity that permeates our decision makers. AND YET THE U.S. STOCK MARKET RALLIED. Question mark and the Mysterians, indeed. But at the end of the day the global central banks’ policy decisions continue to elevate markets … and now the FOMC minutes.


***The May 2-3 FOMC minutes revealed that the FED would possibly begin shrinking its balance sheet by capping the amount of securities that would be reinvested as they mature. For example, if $60 billion of assets are maturing each month, then the FOMC may only reinvest $45 billion allowing for the balance sheet to shrink. There was nothing definitive revealed but in my example the process could be very long in duration. This suggests that the FOMC is very uncertain about its ability to undo the QE program. The market initially viewed the FOMC language as “hawkish” but as the headlines gave the markets some perspective as U.S. Treasury yields fell, the DOLLAR declined in value and GOLD rallied.


The decline in Treasury yields was reportedly driven in part by investor expectations of a somewhat slower pace of policy rate increases following FOMC communications after the March meeting and some WANING of INVESTOR OPTIMISM about the prospects for more expansionary fiscal policies” (hat tip to Bloomberg reporters, who annotate the minutes). If this is what the FOMC is watching, I would conjecture that with the Mnuchin Budget proposal the FED should be very cautious because the Congressional budget battle will slow down any sense of fiscal stimulus.


Also from the Minutes: “Concerns about the outcome of the French presidential election and tensions in the Korean peninsula pushed down 10-year sovereign yields in the advanced economies for several weeks.” Well, the FED and their analysis is really in trouble because yields on 10-YEAR notes are lower today than the May 3 FOMC meeting and outcomes to both noted events have been positive, which in FED thinking should have resulted in HIGHER yields.


Will this piece of data make the FED rethink a June rate increase, especially as the 2/10 yield curve is sitting at recent low flattening levels? Just something to watch in trying to comprehend the questions revolving around the mysterious budget propositions of the Trump economic policy team. It’s hard to wipe away the TEARS generated by such gross incompetence.

Good Morning Everyone

I am sharing here my profile on Linkedin.

500+ connections
I started trading currencies during 2003 with a demo account of $100,000 US with Saxo Bank.

After only demo trading until March 9, 2006 I made my first real forex trade at Trade Freedom in Montreal.

My first client under LPOA deposited $10,000 US and on May 4, 2006 deposited another $15,000 US. By June 9 I had increased the total funds to just over $50,000 US.

I traded for 6 associates at Trade Freedom and in the 3 months that I traded Forex there before taking my business over to MF Global I NEVER had one losing trade.

My first loss trading Forex came during June 2006 and it was for $100 US and it was the Most Important LOSS that I took in my Forex business.

The reason is that my Common Sense WON over my EGO.

I am a Fundamental Forex Trader and Teacher that uses MONEY FLOW as my EDGE.

Risk Managemt is the most important factor in being one of the few Traders whether Retail or Institutional that make it to the 5 percent group of winning Forex traders.

The control of your emotions is essential to being a successful trader whether Equities, Commodities or Forex. Fear, Greed and Ego must be dealt with in order to be a profitable currency trader.

You also need to understand that a good trade plan and knowledge of technicals and fundamentals are all required to WIN in Forex. My method achieves a Return of 10 percent ROI monthly. Results are available to accredited investors known to myself as I do not deal with the public.

My postings here will be greatly reduced starting on June 1, 2017 so if you want to become a FREE SUBSCRIBER at my company website. The only qualification that you need is to subscribe to this thread.


Benjaminis

https://www.armstrongeconomics.com/w...rates-minutes/


Minutes from the Fed’s May policy meeting showed board members thought that if jobs growth remains healthy with a rebound in investment and consumer spending then rates could rise “soon”, which many took to mean June. The economy has shown some signs of weakness, the Fed still thinks its broad strength would justify winding down its balance sheet, essentially sucking cash out of the system and putting upward pressure on borrowing costs. As long as rates rise, it shows the economy is still holding.


The Fed is more concerned about the stock market. A correction would help ease the upward pressure, but the Fed also realizes that it has to get rates back up because of the looming crisis in State & Local pension funds.

Keep in mind that as rates rise, so will the problems with fiscal budgets both on the Federal and States levels within the United States and externally it will hurt emerging markets and Europe.

Categories: Central Banks
« Is Germany Putting Pressure on Draghi? Absolutely!

Good day

Hope everyone is doing well.

Here are the charts.

The time is 7:30 PM (New York Time) as I start to type my words. We are in the most incredible trading time (DIFFICULT) that I have ever seen in my 14 years of Forex trading.

I have decided to have some fun trading my FXCM UK $50,000 US Funds Demo Account while learning from this new experience.

I have at the moment as KeepCalmFx can see or will see when the morning arrives in South Africa that as of now and it could well change in the next 12 hours 13 open positions and since my account is so high in Asset Value I have put on extra positions of US 30 and SPX500 and USD/JPY and I still have usable margin of 85.35% as I post this summary. This situation really shows what happens when you have the PLUNGE PATROL TEAM of the FED and the ECB and others buying Equities when every indicator shows it cannot be.

http://www.investopedia.com/terms/p/...ction-team.asp

DEFINITION of 'Plunge Protection Team - PPT'
A colloquial name given to the Working Group on Financial Markets. The Plunge Protection Team was created to make financial and economic recommendations to various sectors of the economy in times of economic turbulence. The team consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.
BREAKING DOWN 'Plunge Protection Team - PPT'
"Plunge Protection Team" was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team was created in response to the 1987 market crash.


Read more: Plunge Protection Team (PPT) http://www.investopedia.com/terms/p/...#ixzz4i8ahwnnn
Follow us: Investopedia on Facebook



If I had any doubt about the direction then I would reconsider my position.

My Equity Balance with DRAW DOWN not all in losing positions is at this moment $80,369.59 US Dollars. There are major events ahead of us and it would not surprise me to see a major short term reversal however they NEED A COVER to sell off the markets.

When I close ALL of my positions by June 1, 2017 then I expect my Equity Balance to be over $100,000 US Dollars.

I probably will review everything in the next 24 hours as my attention was elsewhere in the last 12 hours of so. I was surprised to see the markets continue up however I can be patient with my open positions as time is in my favor and can sell whenever I need to.

I just wanted to do an update for anyone that still comes to the thread.


Benjaminis

http://www.zerohedge.com/news/2017-0...ops+to+zero%29

Another shoe drops in the FX fraud manipulation conspiracy


http://www.zerohedge.com/sites/defau...ure-157767.jpg
by globalintelhub
May 25, 2017 7:43 PM



FX is quite literally, a rigged game. Not like the stock market, well not exactly. FX has been, a game of 'how many numbers am I holding behind my back?' and the guess is always wrong! As we explain in Splitting Pennies Understanding Forex - FX is rigged. But that doesn't mean there isn't opportunity! One just needs to understand it.


From Law 360:
French bank BNP Paribas was fined $350 million by the New York State Department of
Financial Services for lax oversight in its foreign-exchange business that
allowed nearly unfettered misconduct by more than a dozen employees involved
in exchange rate manipulation, officials announced Wednesday.



From 2007 through 2013, a trader on the banks New York desk, identified in the
consent order as Jason Katz, ran a number of schemes with more than a dozen
BNPP traders and salespeople on key foreign exchange trading desks to
manipulate prices and spreads in several currencies, including the South
African rand, Hungarian forint and Turkish lira, officials said.



He called his group of traders a "cartel" and they communicated in a
chat room called "ZAR Domination," a reference to the rands trading
symbol, according to the consent order. The group would push up the price of
the illiquid rand during New York business hours when the South African market
was closed, moving the currency in whichever way they chose, and thus
depressing competition, officials said.



Katz also enlisted colleagues at other banks to widen spreads for orders in
rands, increasing bank profits and limiting competition at the customer
expense, the order says. Some of the traders engaged in illegal coordination
and shared confidential customer information, officials said. As part of a
cooperation agreement with prosecutors, Katz pled guilty in Manhattan federal court in
January to one count of conspiracy to restrain trade in violation of the
Sherman Act.



Participants in the foreign exchange market rely on a transparent and fair
market to ensure competitive prices for their trades for all participants,
Financial Services Superintendent Maria T. Vullo said in a statement. Here the
bank paid little or no attention to the supervision of its foreign exchange
trading business, allowing BNPP traders and others to violate New York state
law over the course of many years and repeatedly abused the trust of their
customers."



BNP Paribas, which employs nearly 190,000 people and has total assets of more
than 2.1 trillion (approximately $2.36 trillion), said in a statement that the
$350 million fine will be covered by existing provisions. It said it had
implemented a group-wide remediation initiative and cooperated fully in the
investigation.



The conduct which led to this settlement occurred during the period from 2007
to 2013. Since this time, BNP Paribas has proactively implemented extensive
measures to strengthen its systems of control and compliance, the bank said in
its statement. The group has increased resources and staff dedicated to these
functions, conducted extensive staff training and launched a new code of
conduct which applies to all staff.



Three BNPP employees were fired, seven more resigned and several others were
disciplined for misconduct or supervisory shortcomings in relation to the
probe, the order says.



Katzs attorney, Michael Tremonte of Sher Tremonte LLP, did not respond Wednesday to a call seeking
comment.

But really, what's another $350 Million in the grand scheme of things for BNP? Just another day's profits in the FX market.


This probe isn't new; regulators have been looking into FX rigging for years. And practically, the fine won't make any customers whole - it will just shore up the coffers for the NY State department of financial services. With inflation out of control, they need the money.

For a detailed breakdown of this virtual monopoly 'they' have on the global financial system, checkout Splitting Pennies Understanding Forex.

COMMENTS FROM BENJAMINIS: This makes what I have said here very clear so all your charts and other indicators CANNOT work since the only SURE THING is to FOLLOW the MONEY FLOW. Have a Superior Risk Management Strategy along with control of your emotions and trade as I do here and that is the way it is...

Good Evening.... So far my increased value now is just over $943.62 US Dollars and now I am going out for a change of pace.

https://nftrh.com/2017/05/25/a-great...arket-so-what/



https://nftrh.files.wordpress.com/20...spx7.png?w=188
A GREAT DAY IN THE MARKET! SO WHAT?
May 25, 2017 Gary Risk Management, Sentiment & Psychology, Stock Market, US Comments Offon A Great Day in the Market! So What?


This is one of those posts that started out as a regular blurb and then it just wouldnt stop talking, rambling on, getting a little preachy here, promotional there and ultimately, maybe useful to some people too. Sometimes youve just gotta write em and send em out into the world.

Today was my best trading day of the year (although I didnt actually make a single trade). I dont tend to measure what I am doing trading-wise, by the day. Sometimes I measure by the week or month and often, by the intermediate (2-4 month) cycle. But the ideal is to get the macro right, lock and load for a new extended cycle. The last one of those was in Q4 2008 Q1 2009. I did well with the gold sector, profiting greatly and protecting most of the gains.


I did not so great with the stock market, with which Id have only needed to buy the indexes and hold per my then-bullish view. I ended up putting a lot of effort into under performing. Ah, hindsight. We learn. The chink in my armor was my view that pure monetary policy could not continue to drive markets for this long.


Dialing in to the now, today was good because despite shorting SPY as noted yesterday, the gains came from several stock holdings that I have hung tough on or added on opportunity, along with the leveraged short in crude oil and straight, unleveraged shorts in commodities (DBC) and gold miners (GDX), taken against a few quality miner longs that Ive refused to sell despite the still-bearish sector situation per ongoing technical and macro fundamental analysis. The gold sectors time will come, but first the star of our show may need to flame out or at least begin chronically under performing.


Speaking of the star of our show, SPX is at a new all-time high, finally cracking our long-standing target of 2410, and I held the short with little apprehension as the whole of the portfolio did well and I am considering a short against the US market to be an initial step, unless todays pop proves not to be a bull trap, in which case Ill take Mania for for 2500, Alex (and get out of the way).


SPX is either making a bull trap or preparing for the next stage of the mini mania that could morph into a full-on mania. This is the battle of bubble heads (armies of new traders twittling ever-more impressive charting tools, talking the talk but maybe not all yet knowing the feeling and capital loss that comes after momentum finally flames out) vs. dour bears and educated market students well versed in risk management.



https://nftrh.files.wordpress.com/20...spx6.png?w=840
The second group noted above has been schooling since last summers Brexit volatility that the market is fundamentally bearish, or at least, over valued (it is). We on the other hand got bullish the leading Semi sector almost exactly a year ago, and have remained bullish (with the trend) the broad market ever since.

Dont misunderstand; risk is very high and that is a fact of manic bullish life. How high was risk for the Nasdaq in December 1999? Massively high, even though the eventual top was not hit until a few months later. So risk management (recommended as routine profit taking, sector rotation and cash management) must be in play right now. If youre not managing risk, you are doing as casino patrons do, gambling.



Well guess what? Momos, casino patrons, substance freaks and Ma & Pa dont care about theory or risk management; they care about making coin! This market is ripe for the taking, think they. That is what already-high prices do to many peoples otherwise common sense. The lesson will be harsh when it comes, but for now right is right and wrong is not right yet. You see?


Instead of laboriously listing in NFTRH the things that one faulty trader has bought or sold in the preceding week, Ive been routinely charting stocks that I either hold or am watching (for either long or short positions) and giving a brief interpretation of buy, sell, support, resistance and/or general status on each. Its more fun for me and I think subscribers like it better as well.


I am also adding new charts that show a sector ETF in the top panel, along with the top stock components of said ETF in the lower panels. It is another way of getting more descriptive about the markets ultimate components, which would be, err stocks.
For example, here is the Financials SPDR followed by its 4 largest stock holdings. Not very bullish looking, are they? The point is that it could be a developing bear opportunity (I shorted XLF on spec) or if these things reverse the bearish patterns wed want to be right on top of it.
https://nftrh.files.wordpress.com/20...xlf1.png?w=840
We are doing the same across many sectors, in service to both bullish and bearish views. On the bullish side, Ill be adding the Medical Devices iShares (IHI) and several of its stock components (many of which have been noted in NFTRH over the last year) in order to track this sector that we became bullish on well before the herd. It is overbought now, but the last great opportunity was the bottoming pattern that formed in November-December with the final opportunity coming when Trump gave his first press conference, said Pharmaand they (man, machine and casino patron alike) dropped the sector even though as we noted at the time, its fundamentals, unlike potentially Pharma(though I have my doubts Trump will back up his words with action against big Pharma), stood to gain under a Trump administration.


This market is not a game, as I think some of the casino patron contingent might see it. For intermediate traders like myself, it is about managing risk, being on the right side, booking profits and making no friends (for example, I learned a long time ago to tune out the promotional gold community and all the group think it entails). I also realize that by insulting half of everybody in some of these articles I dont always make friends in this format either. Hey, better that than to be glad-handing promoter.


Above all, the mainstream financial media should be treated as the clown show that is (Id bet that pound for pound, the entirety of the financial blogosphere is far superior, as is serious research from independent investment firms). How many times do we have to call contrary b/s to the MSM? Global NIRP! Buy bonds! (they tank). Bond bull is over, interest rates going higher! (bonds bounce as yields drop). Trump said Pharma! Britain is leaving the E/U! and on and on it goes; opportunities all.


You must separate from the herd because with all its newfangled charts, momentum and self-reinforcing sentiment it is going to be wrong, whether the situations in question be bearish or bullish. Why just last week we had the Trump-Gate Impeachment! mini mania. It was a short-term opportunity not to panic or if day trading, buy the fear. But Gary, it has been and still is right to be a bull and the herd is bullish! I am bullish too, but give it time. The worm will turn eventually.


For no reason in particular, here are my current holdings during this particular snapshot in time. Ill probably pop the updated view in at the end of each NFTRH report going forward.


Brokerage account
Bought Africa due to a constructive weekly chart, BBRY for fundamental reasons some time ago, bought CSCO back just in time for the big drop (and bought more), GNUS is a rank speculation, bought Biotech and on the fence, INTC targets higher, MZOR (ISRG wannabe) as a speculation on a buying opp as noted in NFTRH, PNR because the weekly chart, SCO to short the oil hype at the technical shorting opp noted above, SIMO and TSEM are doing well in the Semi space and MOZ.TO and WDO.TO are the two gold stocks Ive held on to. Also, FAZ is there to short the Financials unless the chart above neutralizes the bearish state of things (a confirmed bear phase does not ensue unless the April lows are lost on XLF and associated stocks).
https://nftrh.files.wordpress.com/20...rage.png?w=840
IRA
AAU went up as the miners went down. Is there another newsletter out there pumping it? KLGDF because its a quality miner. ABBV as noted in NFTRH+, for its weekly chart, CBT as noted in NFTRH+ for its big drop to support (a quality company), MSFT just because I wanted more big old dinosaur tech exposure and SQM because Lithium (we have a higher target on LIT).
https://nftrh.files.wordpress.com/2017/05/ira.png?w=840
Trading (all short positions)
Short DBC and GDX at profits. SPY at a loss so far.
https://nftrh.files.wordpress.com/20...ding.png?w=840
Of course, none of the above are recommendations. They are simply what I hold, along with lots of cash, in a mature bull market and are subject to change at any time.


COMMENTS FROM BENJAMINIS: I have closed 5 positions for locked in profit of $784.61 US Dollars and now hold 11 open positions and will soon head off to bed.

http://www.zerohedge.com/news/2017-0...ops+to+zero%29


FX Chaos - Cable Cracks Lower On Election/Confidence; Chinese Yuan Spikes To 3-Month Highs
http://www.zerohedge.com/sites/defau.../picture-5.jpg
by Tyler Durden
May 25, 2017 10:05 PM



A kneejerk lower in Cable overnight (on Tory poll numbers dropping and weak confidence) started the fun in FX markets but (aside from Bitcoin), but Yuan is the big mover once more with a big figure spike to 6.85 - strongest since early Feb, extending the gains post-FOMC Minutes.


A new poll from Reuters shows the Tory lead fading fast in the UK election...


In a sign that the election could be more closely contested than has previously been thought, YouGov said on Thursday May's party was on 43 percent, down 1 percentage point compared to a week ago, while Labour was up 3 points on 38 percent. The previous YouGov poll had given May a lead of nine points.
http://www.zerohedge.com/sites/defau...70525_cnh2.png


Then YouGov/CEBR consumer confidence tumbled to the weakest since weeks after Brexit vote...

1. Consumers the least confident about their current financial situation since December 2014
2. Expectations about their finances over the next 12 months also fell
3. Perceptions of job security were at a four-year low

"It looks like this may be the point where the slowing GDP figures start to translate to people's everyday lives," Stephen Harmston, Head of YouGov Reports, said. "The figures indicate that they are starting to experience a downturn."
And that prompted notable weakness in Cable...
http://www.zerohedge.com/sites/defau...525_cnh3_0.jpg


But Yuan is now 4 handles higher since The Fed Minutes...snapping higher again tonight
http://www.zerohedge.com/sites/defau...0525_cnh_0.jpg

Pushing Yuan to 3-month highs...
http://www.zerohedge.com/sites/defau...525_cnh1_0.jpg