Money Flow Trading Method along with Risk Management

http://www.zerohedge.com/news/2016-1...ops+to+zero%29


It's been quite a year...

http://www.zerohedge.com/sites/defau...25_trigger.jpg

Hi Benjamin

I have emailed you my username & password, I would like to be one of your 6 students.

Good Day KeepCalmfx

It is a pleasure to have you join in and learn how to be a successful Forex trader. The first trait is interest and desire. There is no magic formula. However work and discipline is always needed.

Please post all your questions here on this thread and do not be shy in asking me about anything that you are not sure about.

I look forward to your success.


Benjaminis

Hello Fellow Traders

I am going to update everyone now on where we are with the four Forex traders who have opened FXCM UK demo accounts.

The first trader opened his account and has not done one trade as yet. This is usually why when something is offered without monetary cost it is not treated as seriously as when you pay for something. My comments are not meant to be anything more than an observation. I would appreciate to hear from D10272856001 here on this thread so we can understand his goals and ambitions.

This information comes from post 117 of December 13, 2016 on page 6 of my thread on Money Flow and Risk Management !!!

My congratulations go to DavidRP who is the first Forex Factory trader that has opened his FXCM UK Demo Account.

I have logged into his account since as requested he has emailed to [email protected] his User Login and Password.

I now have organized for DavidRP the 16 symbols that I use on the FXCM UK Demo trading platform. DavidRP now has $50,000 US Dollars to trade with. I will show here what the 16 symbols that are used and in the order that they are on the platform in blocks of 6 symbols.

EUR/USD EUR/JPY USD/JPY GBP/USD USD/CNH USD/CHF

EUR/CHF AUD/USD USD/CAD USDOLLAR XAU/USD XAG/USD

US30 NAS100 SPX500 COPPER UKOIL BUND

You can all see that by having these 16 pairs you have an excellent view of the Money Flow between Asset Classes.

Congratulations DavidRP

You are soon ready for your first Forex trades with Capital of $50,000 US Dollars.


I would like to make it very clear that this opportunity will only come once as I have invested a tremendous amount of hours here to help those that are 100% interested in earning money trading Forex. Notice I said earning and not winning as this is a business and only successful business people can succeed. Trading Forex for myself is a way of life that I love of course because I am able to do things the professional way. There are thousands of people who offer courses and sell products and most are expensive and are not hands on. I offer the opportunity to have knowledge 24/24.

I am very happy with our first successful trader who has managed in only the first week of Forex trading a profit of $1,167.50 US Dollars of profits and his account D102731143001 is now all in cash. I am extremely happy to work with him as he has shown all the aspects of a profitable Forex trader. This goes to my point that if you really want to earn money in this business you can do it. However only you can make that decision.

Our third trader with user account D102731452001 has done a few Forex trades and now has one open position SHORT on US30.

114925388 US30100 12/19/16 12:58 PM 19,884.50 102731452001


12/20/16 9:40 AM 19,985.00 - 1,005.000.000.00 -6.000.00


Total:-1,005.00 0.000.00 6.000.00 -1,011.00

You can short a second position now on US30 with a STOP LOSS of $1000 US and a LIMIT OUT PROFIT of $3000 US

Please post here once you have done your Forex trade. Thank You !!!

We have now our fourth participant and I am waiting for his user name and password by PM.

Comments from Benjaminis: EVERYONE reading this carefully NOW has an EDGE if you use this KNOWLEDGE.

Knowledge is Power only if you use it and act upon it. For myself knowing this then I can prepare for the changes in values of all the Asset Classes and watch as the MONEY FLOWS from one to another and what the change in one does to the other. This is why I have said that the MOST IMPORTANT FUNDAMENTAL FACTS are not the fundamentals themselves or the use only of technical indicators or supply and demand although they all help they cannot SET THE TREND so knowing the trend you have your EDGE. It is not all that difficult to understand.

Each day we ask ourselves , "Do We Have Risk On today or Risk Off" ? The answer to that question gives us the direction to start although a fundamental new FACT can change the direction in seconds such as a Brexit or a FED Rate hike or NFP or any number of daily facts, expected or unexpected.

Then we come to my associated topic , Risk Management. The strategy that I have developed over the last 5 years always works with the exception being the Forex Trader themselves. Unless you have the desire and the interest and the DISCIPLINE to control your FEAR and your Greed you will lose. Of course since the MARKET is always right 100% of the time, unless you have complete control of your EGO for sure you will wipe out your account.

That is why I have not developed too many bad trading habits because I learned my trade over three years only trading demo funds of $50,000 US.

When I started real Forex trading with real funds , I went out and raised $250,000 US from a number of clients and traded their funds using LPOA. (Limited Power of Attorney).

My first large account during October 2007 was for $100,000 US and in the first 35 days of my Forex trading for a Hong Kong corporation I earned for my client $19,000 Plus US Dollars. My performance fee was 20% of the Net Profits.

I traded through the Financial Meltdown of 2008 when EUR/USD after reaching an all time HIGH around 1.60 within months broke below 1.20 and I took major losses for this same client and that was the day during 2008 that I realized that as good a Forex trader that I was, unless I had a FOOLPROOF Risk Management Method this could and would happen to my clients in the FUTURE.

Now that cannot happen ever again as long as I maintain my DISCIPLINE and my desire to trade Forex and have fun.

I offer anyone here this opportunity to learn at no cost to you other than your time and effort. There are still 3 spaces available.

This information comes from post 117 of December 13, 2016 on page 6 of my thread on Money Flow and Risk Management !!!

My congratulations go to DavidRP who is the first Forex Factory trader that has opened his FXCM UK Demo Account.

I have logged into his account since as requested he has emailed to [email protected] his User Login and Password.

I now have organized for DavidRP the 16 symbols that I use on the FXCM UK Demo trading platform. DavidRP now has $50,000 US Dollars to trade with. I will show here what the 16 symbols that are used and in the order that they are on the platform in blocks of 6 symbols.

EUR/USD EUR/JPY USD/JPY GBP/USD USD/CNH USD/CHF

EUR/CHF AUD/USD USD/CAD USDOLLAR XAU/USD XAG/USD

US30 NAS100 SPX500 COPPER UKOIL BUND

You can all see that by having these 16 pairs you have an excellent view of the Money Flow between Asset Classes.

Congratulations DavidRP

You are soon ready for your first Forex trades with Capital of $50,000 US Dollars.




Benjaminis



Have a GREAT Forex Trading Week.


Benjaminis

This information is from my post 400 on December 25, 2016 on page 20 of my Money Flow Method and Risk Management thread and sets the goalposts before we resume Forex trading later today. I will be back later to review where things stand. I still have room for 2 more people who want to succeed trading Forex.

Of course only you can guarantee your success. I can only lead the way !!!

Benjaminis

http://www.marctomarket.com/2016/12/...technical.html

Snippet:
While few will be trading in the week between Christmas and New Years, we thought it might be helpful to review the dollar's technical condition. We make two overall points.

First, although the dollar's rally strengthened and extended after the November US election, this leg up of the dollar's longer-term rally began at the end of Q3.The anticipation of new policies by the Trump Administration, part of the story, but other forces that were also impacting, such as the divergence of monetary policy. The US economy was approaching the Fed's targets, and the December hike was telegraphed in earnest starting in September (when we had thought a hike was likely).

The eurozone economy is expanding near trend, but the low price pressures meant that it was premature to expect the ECB to abandon its asset purchase operations. It is more difficult to assess BOJ monetary policy, which shifted toward targeting the 10-year yield. The BOJ appears to be buying fewer JGBs, so its balance sheet growth has slowed. Perhaps the significance will be better appreciated if the rise in US rates continues to exert a pull on Japanese bond yields.

Second, the technical readings are getting stretched and the technical indicators suggest a correction is in the offing. Thus far, where they have occurred, the dollar pullbacks have been shallow, and mostly shy of technical retracement targets. The dollar's rally has truly climbed a wall of worry. As they have for several weeks, many remain concerned that the market is getting ahead of itself. Trump, they say, will be unable to deliver the kind of fiscal stimulus the market expects. Also, they argue that the market is gone a long distance toward pricing in three Fed hikes next year. Investors who put much stock in the dot plots could be disappointed (again).

Nevertheless, the value of appreciating the technical condition of the market is that allows the quantification of the risk. It is far from perfect, to be sure, and admittedly, it is more an art than a science (though some would say the same about macroeconomics), but it can assist in risk (money) management.

Most broadly, the Dollar Index rose in four of last week's five sessions. It has risen seven of the past 10 sessions and 10 of the past 15. It has risen for three consecutive weeks, and in six of the past seven, and nine of the past 12 weeks. This could be a definition of an uptrend. Yet a yellow light is flashing, meaning that the market is likely to have a proper correction soon. The Slow Stochastics and MACDs are about to turn down.

What level would the Dollar Index have to break to suggest a correction is at hand? The 102.50 area is notable. It corresponds to recent lows and a 38.2% retracement of the rally since the Fed's hike. A break of that area could signal potential toward 101.00-101.50.

The euro did fall to new multiyear lows last week near $1.0350, but that seemed to be more a function of thin trading. Consolidative trading, even if choppy, characterized the euro's price action. It closed little changed on the week. A move above $1.0510 would likely signal that the consolidation is morphing into a correction. That level corresponds to a 38.2% retracement of the drop since the Fed's hike. Above there, the $1.0550-$1.0570 area beckons, but corrective potential extends toward as $1.0675.

The dollar broke down to JPY116.55 after finishing the previous week near JPY118, but it happened at the start of the week. And for the rest of the week, the greenback consolidated at higher levels, spending practically no time below JPY117.00. It appeared the dollar was tracing out some wedge of pennant formation, which is most often continuation patterns. However, our reading of the technical indicators suggests that maybe it is not a wedge but a gradual grind lower. The downtrend is clear. It comes in near JPY117.65 at the start of next week and JPY117.50. The technical indicators are consistent with a retest and possible break of JPY106.50. The next target is in the JPY105.25-JPY105.50, which corresponds to retracement objectives and congestion area from earlier this month.

Sterling fell each day last week. It was the worse performing major currency, losing 2% against the dollar. It has fallen in 12 of the past 15 sessions in this three-week slide that has taken it to its lowest level since early November. It has the feel of year-end related adjustments more than fundamentally driven, though the rate discount to the US is historically large. How it performs near $1.2200, which is the 61.8% retracement of the rally since the flash crash in early October. A break could send it back into the $1.2080 area. The technical indicators are not in agreement. The MACDs recently turned lower, but the Slow Stochastics are overextended to the downside. The RSI is tracking prices lower.

After sterling, the Australian and Canadian dollars were the poorest performers among the major currencies last week (-1.7% and -1.4% respectively). Although the unexpected contraction in Canada's October GDP (-0.3%) weighed on the Canadian dollar before the weekend, the Australian dollar fell more. Recall that among the currency futures; the Australian dollar was the only one (that we track) in which speculators were net long.

The Aussie has fallen in seven of the past eight sessions. It is down three consecutive weeks and eight of the past 12. Before the weekend it neared the May/June lows (~$0.7145). There weekly close below $0.7200 is important because it corresponds to the 61.8% retracement of this year's rally. A move above there would help to stabilize the tone, but the technical indicators suggest this is unlikely. The next downside target is found around $0.7065.

The US dollar has approached the 50% retracement of this year's drop against the Canadian dollar from multiyear highs in January. The retracement is found near CAD1.3575 and repulsed the greenback last month. It has a running start, with oil prices easing and the interest rate discount to the US widening. The technical indicators are consistent with a continued uptrend. The 61.8% retracement is near CAD1.3840, but before it gets there, the CAD1.3760 area may be important. It corresponds to the measuring objective of the earlier flag pattern.

The February light sweet crude oil futures contract was little changed last week. A break of the $52.00-$54.00 range is potentially important. The technical indicators are not generating strong signals. The rally spurred by the swing in market sentiment from OPEC is dead to it has re-established order appears to have run its course, and the market has reverted to watching US inventories. Technically, a break of the $50.80-$51.00 area, the neckline of a potential head and shoulders top, would warns of a more significant pullback.

US 10-year Treasury yields drifted lower last week. Yields slipped a few basis points at the start of the week and then went sideways in narrow ranges. Unable to push through 2.52%, but the high yield print generally slipping to 2.56%. The low on the March 17 10-year futures contract has been steadily but slowly climbing since December 15. Indeed before the weekend the futures contract returned to the closing level on December 14 when the Fed announced its hike with the median dot plot suggesting three hikes next year. That level 123-13 also corresponds to the 50% retracement from the December 14 high. The next retracement objective is 123-21. The technical indicators favor additional near-term gains.


The S&P 500 were virtually flat last week. Momentum has evaporated, but rather than correct lower, it is moving sideways. This may be serving to keep some nervous longs invested. A break of 2250 would be the first sign that the correction may have begun. Since November 4, the S&P 500 rallied 9.3% before the consolidation began. The Slow Stochastics rolled over first, and the MACDs are in the process of turning lower. The RSI is drifting lower. It is also unusually rich relative to its 200-day moving average. It has been more than two standard deviations (2~253) above its 200-day moving average since December 7.

Comments from Benjaminis: For those that want to learn without opening a FXCM UK demo account of $50,000 US that is good. However if you register with Forex Factory then we can communicate here on Forex matters. I welcome anyone wanting to discuss anything to do with Forex to post here on this thread. Thank You !!!

Morning Thoughts - Daily

Here is the latest on today's markets from Zerohedge.

http://www.zerohedge.com/news/2016-1...ops+to+zero%29

Snippet:

With most global market closed for Christmas holiday, and traders taking the day and the week off, global stocks traded mixed in thin, subdued conditions as the dollar dipped against the yen, with the USDJPY sliding for a fourth straight day to 117, while the EUR was flat at 1.0450, taking stock of the US 10Y yield which closed lower on Friday.

The Tokyo Topix index slipped 0.4% on trading volumes 40% below the 30-day average, while the Nikkei225 dipped 0.16% to 19,397. The Shanghai Composite Index erased a drop of as much as 1.3%, which had dragged it to the lowest level since October, closing 0.4% higher at 3,123 with construction stocks rebounding after the government said it aims to invest 1.8 trillion yuan in highways and waterways next year. Despite the rebound in stocks Chinese commodity futures tumbled, with coking coal closing 6.4% lower, coke lost near 6%, rubber and lead fell 5.1%, steel rebar down 3%. Adding to the concerns, Chinese liquidity continued to tighten, with Shibor mostly higher across the board, and the benchmark 3M index higher for the 48th consecutive day.

Indias Sensex Index resumed its decline, falling to the lowest in more than a month.

There are technical indicators flashing certain signs, but there arent any events left this year, and I see 2016 ending with little disturbance, and small moves, Seiji Iwama, a fund manager with Daiwa SB Investments Ltd. in Tokyo told Bloomberg.

Treasury yields pulled back further from 27-month highs hit in mid December following Friday's release of U.S. economic indicators that included strong housing and consumer confidence data but also numbers that pointed to slower household income. Of note: rising concern about Trump's policies, which threatens the euphoria-driven rally since the election, once trading resumes in earnest.

"The currency market is likely to lack incentives as major markets in Asia, Europe and North America will be closed. That said, dollar/yen risks drifting below 117 on caution toward the Trump administration's protectionist policies," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo. Last week, Donald Trump named economist Peter Navarro, known as a China hawk, to head a newly formed White House National Trade Council. China's response was one of "shock" and as the FT reported Chinese officials had hoped that, as a businessman, Trump would be open to negotiating deals, said Zhu Ning, a finance professor at Tsinghua University in Beijing. But they have been surprised by his decision to appoint such a hawk to a key post.
Back to the USDJPY, according to the latest CFTC data, speculators boosted net yen short positions to highest this year in week ended Dec. 20. The pair logged its first weekly loss since Nov. 4 on Friday, falling 0.5%.

BOJ minutes of Oct. 31-Nov. 1 policy meeting showed most board members saw necessity of keeping the 80t yen bond-purchase target. According to Reuters, BOJ policymakers disagreed on how much emphasis the central bank should place on the size of its bond purchases under a new framework targeting interest rates, minutes of its Nov. 1 rate review showed, highlighting the challenges of navigating the complex policy scheme. The BOJ shifted its target from the pace of money printing to interest rates under the new framework adopted in September. It guides short-term interest rates at minus 0.1 percent and the 10-year government bond yield around zero percent. But the central bank also maintained loose guidance that it will continue buying government bonds so that the balance of its holdings increases at an annual pace of 80 trillion yen ($682 billion), likely intended to appease board members who argued that heavy money printing helps heighten inflation expectations. At the two-day policy meeting that ended on Nov. 1, one board member said the guidance on the bond buying amount could gradually be phased down "over the course of time" as the BOJ would likely achieve its yield targets with fewer purchases, the minutes showed on Monday. But a few board members insisted that the central bank maintain the guidance because deleting it could send "a wrong signal to markets by making it appear as if the BOJ was considering tapering its asset purchases", the minutes showed. That concern is reflected in the USDJPY which is testing the 116 handle this morning.

Also speaking overnight at a meeting of the business federation Nippon Keidanren in Tokyo, Bank of Japan Governor Haruhiko Kuroda said that its necessary to achieve 2% inflation in this round of monetary easing to ensure Japan never falls back into deflation. Kuroda said he rejects the argument that Japan should have a lower inflation target given its lower potential growth rate, adding that the low growth rate should be reason for aiming at higher inflation rate, in order to secure room for monetary easing. He also said that the lower the potential growth rate, the greater the risk of falling into deflation, and added that the commitment to overshooting inflation target designed to clarify BOJs stance that it will certainly achieve this target.

As an amusing aside, Kuroda said that while 2016 was a tough year, headwinds are now turning into tailwind and he is convinced Japans economy will take big step forward to overcoming deflation in 2017, because the "global economy has moved out of the post-financial crisis adjustment phase" and the pace of growth in advanced economies has accelerated recently. Translation: yet another career economist letting price action dictate the narrative; we wonder what he will say in a few months when the Trumpflation rally is long forgotten and the USDJPY has plunged to pre-election levels.

In any case, looking at the immediate future of the USDJPY, the technical downside is 116.70, while upside seems capped around 117.70, writes Naoto Ono, analyst in Tokyo at Ueda Harlow.

Many market players are on holiday, so moves are a bit exaggerated with the obvious low liquidity, says Simon Pianfetti, trader at SMBC Trust Bank in Tokyo.
Other key FX news via BBG:

1. The South Korean won gained 0.1 percent, snapping an eight-day losing streak.
2. The offshore yuan rose 0.1 percent to 6.9527 versus the dollar after a 0.2 percent gain last week.
3. Indias rupee was little changed at 67.8262 per dollar.
4. Brazils real appreciated 0.1 percent.
5. The ruble strengthened 0.8 percent, prices compiled by Bloomberg show.

Among open global stock markets, the action was focused in Asia and EM nations. Here are the highlights:

1. The Topix index dropped 0.4% in Tokyo. The index briefly erased its loss for the year last week, and is now down 0.6 percent for 2016. The Nikkei 225 has gained 1.9 percent this year.
2. The Shanghai Composite Index rose 0.4%. Earlier in the day, it fell to the lowest since October as reports of further curbs on the property market weighed on the sector. President Xi Jinping told a Communist Party meeting last week he isnt wedded to Chinas 6.5 percent economic growth objective, according to a person familiar with the situation.
3. Russias Micex Index rose as much as 0.5 percent after three straight days of declines.
4. Indias Sensex Index fell as much as 1.1 percent after Prime Minister Narendra Modi hinted at tax increases on stock-market income.
5. Global stocks were little changed last week after reaching an almost 17-month high Dec. 13.
6. Saudi Arabian stocks retreated, with the Tadawul index losing 0.3 percent, ending a three-day winning streak.

Any chance you can state your method simply, clearly and precisely step-by-step ?
If A happens, Then do B Else do C.

Dear TooSlow

Can you learn to be a Heart Surgeon in 5 minutes ? Of course not. There is no get rich plan and for anything you get in life you need to work for it. I guess this method is not for you so please post here whenever you can or just watch the progress of the others who are glad to invest the time and effort to be a Forex trader with excellent results. Happy New Year , TooSlow !!!

Good afternoon!, BenjaminIs! I want to learn from you to your method, opened the scoring in fhsm, data is sent to your email. What should I do, you tell me to my email address.

Great welcome aboard and you will be the fifth Forex trader to sign on. You can email me at [email protected] or PM me through Forex Factory.

I am looking forward to help you and please post all your questions here on this thread so WE can all work together.


Benjaminis

Here is the information from a previous post for you to follow.

This information comes from post 117 of December 13, 2016 on page 6 of my thread on Money Flow and Risk Management !!!

My congratulations go to DavidRP who is the first Forex Factory trader that has opened his FXCM UK Demo Account.

I have logged into his account since as requested he has emailed to [email protected] his User Login and Password.

I now have organized for DavidRP the 16 symbols that I use on the FXCM UK Demo trading platform. DavidRP now has $50,000 US Dollars to trade with. I will show here what the 16 symbols that are used and in the order that they are on the platform in blocks of 6 symbols.

EUR/USD EUR/JPY USD/JPY GBP/USD USD/CNH USD/CHF

EUR/CHF AUD/USD USD/CAD USDOLLAR XAU/USD XAG/USD

US30 NAS100 SPX500 COPPER UKOIL BUND

You can all see that by having these 16 pairs you have an excellent view of the Money Flow between Asset Classes.

Congratulations DavidRP

You are soon ready for your first Forex trades with Capital of $50,000 US Dollars.

 

1. You go to FXCM UK and open up a $50,000 US Funds demo account then post your user number here and PM me your password. If you have any other questions just post them here. Thanks

This information comes from post 361 on December 23, 2016 on page 19 of this thread.

http://awealthofcommonsense.com/2016...ake-any-sense/

Snippet:

Investing When It Doesn’t Make Any Sense

Posted December 22, 2016 by Ben Carlson

“If you don’t know when you’re wrong, you certainly don’t know when you’re right.” – Adam Robinson
I love finding new ways to explain old topics. The world is constantly changing but the basic principles are almost always the same.
So whenever I read or hear a novel explanation of an age-old topic I’m always pleasantly surprised.
Tim Ferris recently sat down for an interview with Adam Robinson, one of the founders of the Princeton Review education courses for standardized tests. He’s also a former chess prodigy (who played regularly with Bobby Fisher) and is currently an advisor to some of the world’s largest hedge funds and family offices.
I really like the way he explained his investing process:


I start to write down what I expect to happen. I think the key to investing is to have expectations and then wait to be surprised. And one of the key things with investing is to be aware when you hear a voice in your head that says, “It doesn’t make sense.”


And that’s always a sign of something really powerful.
So if somebody says to me, “It doesn’t make any sense why gold keeps going lower,” I know that it’s got a lot lower to go. Because what that person just said, in saying it doesn’t make sense, is this person has a dozen logical reasons why gold ought to be going higher; and it’s going lower. And he says, “That doesn’t make sense.” But the world always makes sense. What doesn’t make sense is his model. And this applies to life.


If a stock goes up and there’s no rational reason, it means that there’s some x-factor that you haven’t considered. Because it makes total sense now in retrospect. But then it didn’t. […] People stumble on these ideas and they dismiss them because they go, “Ah, that doesn’t make any sense.” And that’s where the gold mine is — things that don’t make sense.


2016 perfectly encapsulates this idea. How many times did you say to yourself or hear from an expert or pundit that something didn’t make sense this past year? It was a regular occurrence.
Robinson continued with some thoughts on what he focuses on:
Things that are really obvious. If it’s obvious, no one bothers to examine it. In global markets, I start from the premise that understanding is an illusion, that explanation is impossible. The world is simply too complex to understand, so I don’t bother trying.


The world (and the market specifically) is an unbelievably complex place. No one will ever understand everything that’s going on with all of the moving pieces and different goals and agendas out there. This is one of the reasons I think it makes sense for investors to let go of the why and instead focus on what have control over.


Robinson does this by paying attention to what other investors are doing:
All I do is I watch investors attempt to make sense of the world. And they form views. So they’re looking at the world, trying to predict what’s going to happen and all I’m doing is studying them, because they’re the ones who are going to make buy and sell decisions and affect asset prices.
It’s like playing poker. And I see the hands that global investors are playing. So I don’t try to understand the world, I just try to get into their heads.

This idea reminds me of the old John Maynard Keynes analogy about the beauty contest:
Professional investment may be likened to those newspaper contests in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole; so that each competitor has to pick, not those faces which he himself finds prettiest, but those which he thinks likeliest to catch the fancy of the other competitors, all of whom are looking at the problem from the same point of view.

It is not a case of choosing those which, to the best of one’s judgment, are the really the prettiest, nor even those which average opinion genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects average opinion to be.
A few simple takeaways:

 

1. Don’t always assume that you’re right and everyone else is wrong. It may be that you’re looking at an old version or model of the world that’s no longer applicable.
2. Understanding where and when you’re wrong is more important than understanding where and when you’re right.
3. Successful investing is not just about understanding yourself, but also understanding the actions of other market participants.

Comments from Benjaminis:

I can tell after 30 days in most cases if you have the human skills to be a good trader. I have offered free of charge to 6 traders the once in a lifetime opportunity to have an opportunity to become a winning trader,

You can now see why most people do not succeed. It takes discipline and communication and to have an open mind and to be able to invest time.

So far I only have one excellent student who as you can see from his comments is doing very well. I am sure that he will share his own thoughts here with you.

1. WE have room for one more Forex trader as of now !!!

Benjaminis

Agreed you can not learn to be a Heart Surgeon in 5 minutes.
Time is not the issue.
Heart surgery is a step-by-step process:

The transplant procedure
When a heart becomes available and is approved for a patient, it is packed in a sterile cold solution and rushed to the hospital where the recipient is waiting. The recipient will be contacted to return to the hospital if chronic care occurs outside of the hospital.
A description of the procedure follows:

1. General anesthesia is provided by an anesthesiologist experienced with cardiac patients.
2. Intravenous antibiotics will prevent bacterial wound infections.
3. The patient is put on a heart/lung machine, which performs the functions of the heart and lungs by pumping the blood to the rest of the body during surgery. This procedure is called cardiopulmonary bypass.
4. Once the donor heart has arrived to the operating room , the patient's diseased heart is removed.

http://www.surgeryencyclopedia.com/i...02_img0106.jpgFor a heart transplantation, the area around the heart is exposed through a chest incision (A). The blood vessels leading to the heart are clamped, and the heart function is replaced by a heart-lung machine. The diseased heart is removed (B). The donor heart is placed in the chest, and the left atrium is attached (C). The right atrium is connected (D), and the aorta and pulmonary artery are finally attached (E). (
Illustration by GGS Inc.
)

 

1. The donor heart is attached to the patient's blood vessels, including the atrium(s), pulmonary artery, and aorta.
2. After the blood vessels are connected, the new heart is perfused with the patient's blood and begins beating. If the heart does not begin to beat immediately, the surgeon may usedefibrillation to gain a productive rhythm.
3. The patient is taken off the heart-lung machine.
4. The new heart is stimulated to maintain a regular beat with medications and/or a pacemaker for two to five days after surgery, until the new heart functions normally on its own.

That is the overall view of heart surgery.
Students will get more details of each step's procedure.

Can you provide the steps for the Money Flow Trading Method?

This information is from my post 110 on December 12, 2016 and it deals with what I am doing with my teaching and why.

IMPORTANT ANNOUNCEMENT: I have 3 FX Traders ready to open their Demo Account with FXCM UK and I will repost some of the information for them here.

(4) You will open up a $50,000 US Funds Demo Account with FXCM UK
(5) You will email me your user name and password so that I can check your results daily.
(6) I will give you 30 days of my time and knowledge and at the end of the 30 days I will give you a grade out of 100 HOWEVER your real Grade will be if you show NET PROFIT or ROI of 5% or $2500.00.


The first 6 qualified persons that sign up and agree to the above conditions will be given my Private Email address so we can communicate. All QUESTIONS AND ANSWERS WILL BE PUBLISHED ON THIS THREAD IN ORDER TO HAVE FULL DISCLOSURE.

FULL DISCLOSURE: I used to be an Introducing Broker with FXCM in New York back during 2007 and 2008. I had a real funds account for a client located in Hong Kong and I was managing $125,000 US Funds. I have no business arrangement with either FXCM in New York or FXCM UK in London.

I moved all my business to Ava Trade in Ireland and I am an introducing Broker with them however I have recently decided to bring all my business back to Canada so I am not active with Ava Trade at the moment. I am working on putting up a website early next year during 2017 and I will have a 24 hour by subscription service charging no more than $50.00 US a month for full access. I used to use the services of Trade The News in order to have full voice news during the 24 hour FX trading day. I today entered into an understanding with Ransquak to use their live platform under a subscription contract which my corporation will use.

If any of the 6 initial persons here take my 30 day trading course and go through the 30 day period then when my website is up and running next year the 6 here will get a lifetime subscription at no cost. I plan to trade for at least 10 more years since I really love what I do and enjoy sharing my knowledge and skills with others

When most of the students learn and a few fail, the students should look in the mirror.
When most of the students fail and a few succeed, the teacher should look in the mirror.

Message for my last Forex trader, KeepCalmFX, who I see is new to Forex Factory and so may not have seen his message as yet on Forex Factory.

PLease reply by PM on Forex Factory if you have your user number with FXCM UK and your password or send me email to [email protected]

Thank You

Benjaminis

Hello TooSlow

You are definitely not TooSlow and I was reviewing my previous pages because on one of them I had posted my Money Flow Method and Risk Management.

I will shortly post what you asked me to do in your post before this one.

I agree with you 100% that if the students fail then the teacher should look in the mirror since it was his failure in teaching, not necessarily the student.

I look in the mirror everyday in order to continue improving my life regardless of what it is that I am doing. I will post the information shortly. I appreciate your input and while you surely are not a student and are a professional Forex trader most of the times a good teacher will learn something from his students.


Benjaminis

This information is from post 301 of December 20, 2016 on page 16 of this thread and is part of my answer to the excellent questions of TooSlow.

FROM AVA TRADE

Introduction to Fundamental Analysis

There are two main approaches to analyse the market during trading sessions, and both are popular among traders. One is called Technical Analysis, and predicts changes in the market based on past occurrences, market tendencies and behavior. Another one is Fundamental Analysis, which focuses on current events very closely, in order to try and predict how the market will turn.

When doing fundamental analysis, a trader studies the overall state of the economy, concentrating mainly on elements closely related to his trade. The research focuses on financial events including those that are remotely related but yet could affect the trade. Political, social and general events can all have a significant influence on the markets.

Why Conduct Fundamental Analysis

This type of analysis is for traders who wish to dig deeper into the financial world. It takes a little more time than some traders are willing and able to invest, but should have positive outcomes if done properly. What stands behind any type of analysis is the wish to avoid surprises that might jeopardize the traders money. Therefore the deeper the research and analysis, the lower the chances to be taken by surprise. Some of the worlds top traders, who regularly appear on top rich lists employ fundamental analysis. This is defiantly a good track to follow.

We must emphasize that even when conducting a thorough fundamental analysis, there is no guarantee the trade will be successful. The nature of trading any instrument is its relationship to external factors that can impact it, and the fact that the market can dramatically change within minutes, flipping our speculations and changing the fate of our trades.

How to Start Fundamental Analysis

Once you have decided on fundamental analysis as your course of action, we recommend starting by familiarizing yourself with the instrument you wish to trade. All frequent events that can impact your instrument should be taken into account. You should find the right sources to get daily news and make sure to follow them by subscribing to their newsletter and logging on regularly.

One of the main tools of fundamental analysis is to closely follow the economic calendar. It is crucial for a trader to familiarize himself with upcoming financial events involving influential players in the financial arena, such as treasuries, banks etc. One should learn which events are relevant to his trading market, and then detect how to prepare for those events.

An example to the importance of fundamental analysis can be found with the monthly US unemployed report, called the Non-Farm Payroll (NFP). The NFP usually affects the USD rate, which may lead to changes in the value of other instruments, such as gold, crude oil and others. Before the NFP is announced by the Bureau of Labor Statistics, traders speculate on the content of the declaration, and based on that calculate their trades. This is called fundamental analysis.

To begin employing fundamental analysis, every trader should find a number of informative sources, which will provide him with knowledge that will help him with fundamental analysis, thus assisting and improving his trades. We invite you to check out our blog, which updates on a daily basis with crucial data relevant to all instruments.


COMMENTS FROM Benjaminis: NOTE !!!

My Fundamental Analysis uses all of the above HOWEVER My Money Flow Method takes FUNDAMENTAL ANALYSIS to a New Level and THUS gives me an EDGE in my Forex Trading. I can teach you that EDGE and as explained many times in this Money Flow Method and Risk Management thread the MOVEMENTS of FUNDS in the Trillions of Dollars each day causes the values of each of the Asset Classes to change and knowing how one Asset Class changing in VALUE affects another Asset Class gives you the Trend. "The Trend Is Your Friend"

This information came from post 343 of December 22, 2016 on page 18 of this thread and is part two of my answer to TooSlow and is also meant to bring my 5 students up to date. There will be one last post to explain and answer the question and I wish that I could have made it more simple however this is the best that I can do for the moment. Any suggestions to use the KISS method is welcome. KEEP IT SIMPLE STUPID.


http://schiffgold.com/videos/feds-fa...25bb-192661409

Snippet:

In her rate hike announcement last week, Janet Yellen said the Fed was so confident in the health of the US economy that it was raising the Federal Funds rate by a paltry quarter point. Investors are on board, with a wave of irrational exuberance sending the Dow closer to its 20,000-point milestone. However, the Feds decision suggests the need for a strict comparison with its statements last December: a time when a similar expression of economic confidence would prove to substantially miss the mark for rate hike expectations and GDP growth.

In a special episode of the Schiff Report, Peter Schiff shows how the Feds economic optimism is a ploy to maintain credibility with the markets and to cover up the fact that significant rate increases are impossible.


The only reason the Fed raised rates this December is the same reason they did so last December: they did it despite having no confidence in the economy, but they didnt want to send a message that they were that worried. They raised interest rates by the smallest possible amount. They also did it to try and preserve their credibility when it comes to talking about future interest rates.

Highlights from the show:
After 2 years of tightening, the lower bound of the Feds range has gone from 0 to one half of one percent. Janet Yellen said the Fed made this decision to lift rates because of its confidence in the US economy. That is complete nonsense. If the Fed was confident in the US economy, rates would be much higher than a half a percent. The Fed would have raised rates a long time ago and by much more than this. In fact, they could have lifted rates by more than 25 basis points on Wednesday, yet they had so little confidence in the economy that this is what they did.

The Fed is now posturing the same way it did last year. They had forecast GDP growth for 2016 to be 2.4%, but the economy is going to end up growing below 2% per official numbers. I dont think the economy is growing at all because I dont believe the official GDP numbers. They understate inflation, and therefore overstate growth. Even with that built in, we are not going to achieve the 2% the Fed anticipated. Itll be south of 2%.

Janet Yellen indicated that she believed that next year in 2017 the economy would grow by 2.1%. So, the Fed is less optimistic about GDP growth now than they were a year ago. Given that, if the Fed was unable to deliver more than one rate hike in 2016, despite being more optimistic on 2016 than they are on 2017, why do people believe the Fed is going to be any more successful in raising rates this year when they failed last year.

Its interesting that stock market investors and currency traders are more optimistic on US economic growth, far more optimistic than the Fed.
The Fed overestimated what they thought the growth was going to be for 2016. Im sure theyre over-estimating it again for 2017. What the market has now that it didnt have then is it has to deal with the headwind of rising interest rates. Interest rates have already risen much more than the quarter point hike to the federal funds. If you look at the yields on 10 year or longer maturities, they have moved up sharply. Look at the increase weve already had in mortgage rates.

Stock market investors are dismissing the increase in interest rates because theyre counting on all this extra profit that is supposedly going to be coming as a result of faster growth that the Federal Reserve doesnt even see and hasnt even built into its forecast.
The market wants to have it both ways. They want to pretend were going to have all this economic growth, but they want to ignore the factthat we would have an even greater tightening than we would if growth was slower.

Comments from Benjaminis: Ladies and Gentleman and Boys and Girls.

This ONE ARTICLE makes the whole point of research and understanding the TRUTH of the World Economy and especially the US Economy.

That is how and why I have developed just 4 Trade Plans for the next 3 months until March 31, 2017.

I will only trade these currency pairs because each is unique and they correlate to each other,

I KNOW the Dow will go down and The Trend is your Friend. So I am going SHORT US30. Then my second trade plan is SHORT USD/JPY since MONEY FLOWS to USD/JPY when there is Risk Off.

I go LONG Gold and LONG SILVER.

I use Money Flow between the Asset Classes and combine that with Risk Management.

All comments and discussion is welcome.

Happy Holidays Everyone !!!

Hi Benjamin

Not sure if you received my emails? On post 37 there is a different email address to post nr. 416.

I opened my demo account through www.fxcm.com, not sure if it is FXCM "UK" demo account?


Username: D102740704001
I have sent my password to you.

I am very familiar with MT4's platform to trade, FXCM, don't make use of MT4?

And now for the last part of my answer to the excellent question of TooSlow.

Comments from Benjaminis: EVERYONE reading this carefully NOW has an EDGE if you use this KNOWLEDGE.

Knowledge is Power only if you use it and act upon it. For myself knowing this then I can prepare for the changes in values of all the Asset Classes and watch as the MONEY FLOWS from one to another and what the change in one does to the other. This is why I have said that the MOST IMPORTANT FUNDAMENTAL FACTS are not the fundamentals themselves or the use only of technical indicators or supply and demand although they all help they cannot SET THE TREND so knowing the trend you have your EDGE. It is not all that difficult to understand.

Each day we ask ourselves , "Do We Have Risk On today or Risk Off" ? The answer to that question gives us the direction to start although a fundamental new FACT can change the direction in seconds such as a Brexit or a FED Rate hike or NFP or any number of daily facts, expected or unexpected.

Then we come to my associated topic , Risk Management. The strategy that I have developed over the last 5 years always works with the exception being the Forex Trader themselves. Unless you have the desire and the interest and the DISCIPLINE to control your FEAR and your Greed you will lose. Of course since the MARKET is always right 100% of the time, unless you have complete control of your EGO for sure you will wipe out your account.

That is why I have not developed too many bad trading habits because I learned my trade over three years only trading demo funds of $50,000 US.

When I started real Forex trading with real funds , I went out and raised $250,000 US from a number of clients and traded their funds using LPOA. (Limited Power of Attorney).

My first large account during October 2007 was for $100,000 US and in the first 35 days of my Forex trading for a Hong Kong corporation I earned for my client $19,000 Plus US Dollars. My performance fee was 20% of the Net Profits.

I traded through the Financial Meltdown of 2008 when EUR/USD after reaching an all time HIGH around 1.60 within months broke below 1.20 and I took major losses for this same client and that was the day during 2008 that I realized that as good a Forex trader that I was, unless I had a FOOLPROOF Risk Management Method this could and would happen to my clients in the FUTURE.

Now that cannot happen ever again as long as I maintain my DISCIPLINE and my desire to trade Forex and have fun.

I offer anyone here this opportunity to learn at no cost to you other than your time and effort. There are still 3 spaces available.

This information comes from post 117 of December 13, 2016 on page 6 of my thread on Money Flow and Risk Management !!!

My congratulations go to DavidRP who is the first Forex Factory trader that has opened his FXCM UK Demo Account.

I have logged into his account since as requested he has emailed to [email protected] his User Login and Password.

I now have organized for DavidRP the 16 symbols that I use on the FXCM UK Demo trading platform. DavidRP now has $50,000 US Dollars to trade with. I will show here what the 16 symbols that are used and in the order that they are on the platform in blocks of 6 symbols.

EUR/USD EUR/JPY USD/JPY GBP/USD USD/CNH USD/CHF

EUR/CHF AUD/USD USD/CAD USDOLLAR XAU/USD XAG/USD

US30 NAS100 SPX500 COPPER UKOIL BUND

You can all see that by having these 16 pairs you have an excellent view of the Money Flow between Asset Classes.