Money Flow Trading Method along with Risk Management

Now to some more of the questions from our New FXCM UK $50,000 US Funds Trader - Welcome aboard.

There is only one way to determine if there is Risk On or Risk Off at any one moment in time. That is done by asking yourself that question ? How do you find the answer ? That is quite simple. You look at the various Equity markets either having closed such as Asia and now I see on my TV turned to CNBC that all of Europe is in negative territory. The main ones are of course the CAC and Dax and FTSE.

At the moment we have the Risk On and we await the 8:30 AM NFP to see if we stay with Risk Off or if we change to Risk On. However that in itself requires an additional understanding and I will explain what that is. It is a very important understanding, because it forms the human psychology of the market within hours of the release.

The present PERCEPTION most likely WRONG is that the FED will raise 4 times this year. We will see !!! However let us speculate that we do have a low number such as 125,000 or less , then the immediate PERCEPTION changes to the FED will probably not raise rates until the second part of 2017.

That should serve to allow the US Dollar Index to go lower and Gold and the other currencies to go higher although perhaps not all of them. Each currency has a different DNA such as the YUAN as we have just seen.

BOTTOM LINE - In the Forex Markets with the leverage that I use and many others use of 100 to 1, then you now can understand why you need a FOOLPROOF Risk Management Strategy and why all the questions about Risk On or Risk Off or charts or indicators or PERCEPTIONS can change in seconds then reverse in hours or days as I have clearly explained this morning.

Please ask me or anyone else ask me, a follow up question or your own answer and share it with all of us. We can only learn through intelligent communication and no chart or EA or Robot or even Human with the wrong understandings can give the most intelligent answer possible.


Benjaminis

carbonado

I have now logged on to your FXCM UK account , User Number D102754631001 and placed the 18 symbols (Currency Pairs) and placed them in the same order as everyone else has on their platform. You are almost ready to go. I need you to log on and review what you see and post your questions including how to enter a Forex Trade of 100 units and how to then enter your STOP LOSS and LIMIT OUT !!!

Good Forex Trading. There is much to learn and understand however you can see from our other Forex traders that we have fast learners here. Their results in such a short period of time confirm that.


Benjaminis

I got a private message that I found interesting since it is an excellent question and since there is nothing of a confidential nature in it , I will now share it here and perhaps a few of you can answer it since you deal with the same issue as do others. Thanks.

hi, I have an important question for you - how are you able to read everything? You post a lot of articles - they are interesting and informative, but if I try to read them all (and to think about them) - I have no time for trading itself, because I am immersed in reading.

I will start off with my answer since it is partly directed at myself and it allows me to share another lesson with our Forex traders and readers of our thread.

I am only trading during certain hours of the day. My main and focused trading is between 8:30 AM EST and Noon and then after a short break for lunch since Europe leaves at NOON EST in Canada, I continue on until 5 PM EST when all the North America equity and Commodity markets are closed and the Rollovers are done at 5 PM EST and the FXCM UK platform is closed for these rollovers.

I usually do not trade Asia which opens at 7 PM EST so until we have the Frankfurt open at 2 AM EST and the Open of the Europe equity markes at 3 AM EST , I am not trading. That is when I find time to search for research and decide what is important and relevant and share it here which in itself helps me stay tuned in. Of course you do not have to do all that and as for reading my suggestion is to speed read the information and if there is something that needs an explanation then just post it on the thread like you did today. I will let some of our other Forex traders share their methods.

We await NFP at 8:30 AM EST !!!


Benjaminis

While I was reading a thread that I regularly read because Spiders Den is run by a very experienced and excellent Forex trader , I was reviewing his excellent chart on USD/JPY and I will link it here.

http://www.forexfactory.com/attachme...5&d=1483699177

Why have I done this ? We will soon know the answer at 8:30 AM EST with the release of Non Farm Payroll (NFP) and say for discussion purposes we have a number that will move the markets and we usually do on NFP days.

USD/JPY might or might move 100 PIPS or more and all the channels and Support and Resistance will need to be revised.

The move can be so quick that the power of the information is made much less effective. That is why again , I point out the importance of having a SUPERIOR Risk Management System in place to protect you against yourself and protect you against the markets and then be in an excellent position to take advantage of your knowledge and make a good profit.

I would appreciate some thoughts about my point from experienced Forex traders here understanding and using technical s which of course still is a very important part of Forex Trading.

Our Overall Strategy as follows;


(1) 20% is the Forex Trader.
(2) 20% is Risk Management in case the Professional or Retail Forex Trader makes the wrong trading decision.
(3) 20% is the EDGE that lets you trade with the markets and NOT AGAINST them because the MARKETS WIN EVERY TIME !!! (MONEY FLOW)
(4) 20% is the Technical Indicators which includes Supply & Demand, Support & Resistance, Pivot Points or any other technical indicator used.
(5) 20% is the Fundamental News released every day for everyone to see at the same time whether they are real or FAKE NEWS !!!

Notice how the two most common ones used by all Forex traders are Technical Indicators which includes Supply and Demand and Support and Resistance and Pivot Points or whatever system that has been developed in that field is number FOUR and Fundamentals is ranked number FIVE.


Benjaminis

thank you so much bejiminis,i have logged in,i see you have arranged the platform. i would most likely be joining next week,i want to write out what is expected on risk and what is expected on risk of,my plan on entering and all that. I would definitely join next week.
However, i have a question,is it posible to use "risk on risk off" from a swing trading point of view as it is possible to the same from a day trading point of view. this swing trading type is suppose to last the whole week or more. Thanks in advane.

http://www.bkassetmanagement.com/cur...-on-nfp_10334/


Snippet:
January 5th, 2017

Be Careful! Dollar Could Sink on NFP
Daily FX Market Roundup 01.05.17

The U.S. dollar may have traded lower against all of the major currencies today and experienced its greatest one-day loss in 3 months versus the Japanese Yen but tomorrow’s non-farm payrolls report could still sink the dollar. Today’s decline in the greenback was driven by weaker data and expectations for a softer jobs report. With that in mind, the dollar had been weak throughout the Asian and European trading sessions as U.S. rates began to retreat on Wednesday. At the time, investors were skeptical about Friday’s non-farm payrolls report and disappointed by the FOMC minutes. Today, they have every reason to be worried because the latest U.S. economic reports all point to slower job growth. According to Challenger Grey & Christmas, job cuts jumped 42% at the end of the year, the largest one-month increase since September 2015. ADP reported a larger than expected drop in corporate payroll growth – 153K jobs were created compared to 215K increase in November and a 175K forecast. Jobless claims fell to 235K from 263K but the 4-week moving average is up from last month. The improvement in the non-manufacturing ISM report also contained weakness with the employment component of the report falling steeply in December. There was some good news – job growth in the manufacturing sector increased and consumer confidence is up but that’s purely attributed to Trump’s Presidential victory. As indicated in the list below, the arguments in favor of weaker payrolls exceed the arguments for a stronger one.

But we are more concerned about wages and the unemployment rate. After last month’s -0.1% decline the current expectations for wage growth (0.3%) is high. Wages have been on a downtrend and may not recover as much as the experts predict at the end of the year. The unemployment rate is expected to tick up but that will be mostly due to an increase in the participation rate. Seasonally December job growth is also generally weaker than November. While a weaker report may not deter the Fed from raising rates this year, it could delay their plans for tightening and more importantly give investors a stronger excuse to take profits on long dollar positions after the extended the move. Furthermore U.S. yields are down sharply today and there’s a good chance that we could see 115 USD/JPY tested during the Asian or European trading session pre-NFP. Here’s how the arguments for NFPs stack up:
Arguments in Favor of Stronger Non-Farm Payrolls

1. Consumer Confidence Index Rises to Strongest Level Since 2001
2. University of Michigan Sentiment Index Rises to Highest Level in 12 Years
3. Employment Component of Manufacturing ISM Index Rises to 53.1 from 52.3
Arguments in Favor of Weaker Non-Farm Payrolls

1. Employment Component of Non-Manufacturing ISM Index Drops to 53.8 From 58.2
2. ADP Drops to 153K from 215K
3. Challenger Reports Largest Rise in Layoffs (42%) Since September 2015
4. 4 Week Average Jobless Claims Rises in December
5. Continuing Claims Increase

Meanwhile the sell-off in the dollar drove the EUR/USD to 1.06. The currency pair was actually one of the day’s best performers and if tomorrow’s jobs report is disappointing enough, we could easily see a squeeze to 1.07 given the amount of short positions in the market. Data from the Eurozone was also better than expected with Germany’s construction PMI index rising to 54.9 in December from 53.9 the prior month. The German Retail PMI index also increased to 52.0 from 49.6 while EZ Retail PMI was reported at 50.4 vs. 48.6 expected. Producer prices in the Eurozone rose with inflation accelerating by 0.3%, a small surprise over the 0.2% increase forecasted. The weaker euro is clearly having a meaningful impact on the economy. With the increasing amounts of better than expected data, a NFP miss could drive the pair sharply higher. Tomorrow’s Eurozone retail sales and consumer confidence numbers are not expected to have a significant impact on the greenback.
Sterling also shot higher but the rally stalled right at the 50-day SMA. Like the Eurozone, U.K. data continued to surprise to the upside with service sector activity growing at a faster pace in the month of December. The activity index rose to its highest level in 17 months and when combined with the rise in the manufacturing index, these reports took the Composite PMI release to its highest level since July 2015. Now that the main U.K. economic releases are behind us, we expect sterling to underperform the euro, swiss franc, and other currencies outside of the U.S. dollar. Brexit remains a serious risk that will certainly return to haunt the currency.
All 3 of the commodity currencies performed well against the U.S. dollar today. The sharp rise in Australian service sector activity and the 1.5% increase in gold prices helped to drive AUD/USD above 73 cents. The New Zealand dollar on the other hand traded primarily off of anti-dollar flows with the currency climbing above 70 cents versus the U.S. dollar. Australia’s trade balance is scheduled for this evening and given the rise in the manufacturing PMI index, the risk is to the upside for the report. Today’s moves have taken AUD/USD and NZD/USD above their 20-day SMA and we now expect another cent recovery. The Canadian dollar also ticked up versus the greenback but its gains were the most restrained of any major currency. A large part of that had to do with oil which increased 1% today on the back of a major decline in crude inventories. US crude inventories fell by 7.1m barrels, larger than the decrease of 2.2m barrels expected. Part of the drop was offset by an increase in crude inventory at Cushing, OK. In addition to the higher than expected increase in crude inventories at Cushing, gasoline and distillate inventories also saw a much larger than expected increase as well. Tomorrow, Canada releases its employment report and international merchandise trade balance. After a few months of softer reports, we are now looking for a firmer release.

Benjaminis, maybe here such variant on NFP ?

Benjaminis

Please keep in mind all our options BEFORE the Numbers come out !!!

The Number is OVER 200,000 !!! How will the markets react ?
The Number is 150,000 !!! How will the markets react ?
The number is 125,000 or lower !!! How will the markets react ?

Our Four Main Trading Plans !!!

The one we have most confidence in is US 30 or Dow 30 so if we see it bounce over 20,000 look to see when it is safe to short it. You do not need to get in at the exact top as we have scaling in and Risk Management and we also can get in and then out. Remember Europe leaves at NOON for the Weekend so watch Short Covering. Think about everything and be calm and relaxed. That way you are in control !!!

I will stop posting until shortly after 8:15 AM EST so please let me hear from all of you and then we can all be ready to ROCK & ROLL !!!


Benjaminis

On a background all news at any numbers, and we do not wait higher 175000, maybe a dollar will move downward, DOW30 too downward.It is my suppositions only.

http://traderfeed.blogspot.ca/2017/0...sychology.html

Some Thoughts on YOU and the Real Issue of Trading and preparation !!

https://3.bp.blogspot.com/-oXfYw2gnF...rocessLove.jpg
Many traders work on developing a trading process that captures what they define as opportunity and how they want to implement that opportunity.

How many traders have a process for trading psychology?

A trading psychology process is one in which we systematically engage in the activities that place us in a peak performance mindset.

That means we need to study our mindsets and identify the factors that aid our performance and factors that hinder. Once we identify what helps us be in the right mindset for trading, we can begin to assemble those elements into repeatable processes.

One of the keys to success is creating processes that are so intrinsically rewarding that you will *love* engaging in them. That is what helps you engage in the right activities daily, and that is what creates positive habit patterns.

Some of the elements of peak performance that I've observed among successful traders include:

* Pre-trading rituals to prepare for various market scenarios;
* Meditation, biofeedback, self-hypnosis and similar activities to increase our focus;
* Mental rehearsal of plans for the day;
* Physical exercise to be energized for the day;
* Taking breaks to renew concentration and stay in the right mindset;
* Constructive self-talk through the trading day;
* Looking at markets through multiple lenses to see fresh sources of opportunity and threat.

It's when we assemble these kinds of practices into daily routines that we take control of our trading psychology.




The bottom line is that trading psychology has to be something we do, not just something we think about.

Further Reading: Four Pillars of Trading Process



The Four Pillars of Trading Process
http://4.bp.blogspot.com/-o9f69rFMqC...%2BBuffett.jpg
We commonly hear that traders should develop and stick to "a process". But what is a trading process? I would argue that, across trading styles and time horizons, there are four components essential to any complete trading process:

1) Preparing - What you do to identify and exploit opportunity in markets, including observation, research, idea testing, trade structuring, portfolio construction, and trade planning.

2) Performing - What you do to initiate and manage positions in the market, including sizing, risk management, entry and exit execution, and adjusting to the ongoing stream of news, data releases, and market movements.

3) Reviewing - What you do to examine individual trades and overall trading to learn from successes and mistakes and to reexamine ideas about markets.

4) Revamping - What you do to translate your reviews into concrete goals and actions that make you more prepared and aid your future performance.

Together, these process elements embody a kind of deliberate practice that yields ever-expanding expertise.

As the Buffett quote above implies, when a trader develops intrinsic gratification from processes of discovery and mastery, it is much easier to weather the ups and downs of short-term performance.

The most common shortcoming I see among traders is not that they let their emotions run away from them and lose their discipline. Rather, they truncate the third and fourth elements above and spend almost all their time preparing and performing. As a result, they rarely conduct the thorough reviews that lead to ongoing learning--and they even more rarely translate any cursory reviews into systematic efforts at self-improvement.

Preparing and performing require immersion in markets. Reviewing and revamping require a step away from markets to reflect upon preparation and performance. Joined together, the process elements yield a sense of growth, development, and ongoing adaptation to changing markets.

When success is measured in terms of mastery, one can profit handsomely even during periods of trading loss. That is an important trading edge.
.
Posted by Brett Steenbarger, Ph.D.at 3:57 AM


Comments from Benjaminis: Always remember it is FIRST about you. The above article makes that clear and you see by my trading style and success that is what I do myself and so should you !!!

5 Minute Chart on US Dollar Index

http://finviz.com/futures_charts.ashx?t=DX&p=m5

The number was near present expectations at 156,000

Things need to be reviewed and after 9 PM the trend will develop however when the markets open at 9:30 AM then follow the Money Flow.

There is NO NEED to trade today just in order to trade. There needs to be an opportunity and then the weekend is coming up so being in cash is always safest !!!

Please let me hear from everyone on our normal daily discussions. Thank You !!!


Benjaminis

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

Snippet:
While China's unprecedented currency moves have quickly become the main talking point across global markets which otherwise have started off 2017 in an eerily calm fashion, it is the sudden surge in two-way volatility that has emerged a major threat to global market stability.

Case in point, the offshore Yuan fell as much as 1.1% to 6.8623 a dollar in Hong Kong, the most in exactly one year, after a record 2.5% surge over the past two sessions. This took place as a result of conflicting signals, as on one hand China continued to drain liquidity and sent overnight deposit rates into all time high territory, yet on the other the PBOC raised its fixing less than projected, but still the most since 2005, and Goldman Sachs advised its lients that the best time to short the yuan are just after interventions - like the recent one - which flush out bearish positions, or when China concerns were off traders radar screens.

Chinas central bank raised its daily reference rate by 0.92% to 6.8668 per dollar on Friday the biggest rise since unpegging from the US dollar in 2005, following a 1 percent drop in a gauge of the greenbacks strength overnight. The offshore yuan was trading 0.8 percent weaker at 6.8457 per dollar as of 5:23 p.m. in Hong Kong, paring its weekly gain to 1.9 percent, the most in data going back to 2010. The onshore rate slumped 0.6 percent. Fridays fixing was weaker than Mizuho Bank Ltd.s prediction of 6.8447 and Australia & New Zealand Banking Group Ltd.s estimate of 6.8456.

http://www.zerohedge.com/sites/defau...CNHDEPO1_0.jpg

As we observed on Thursday evening, Yuan short sellers were once again squeezed in Hong Kong this week after interbank borrowing rates soared, and the dollar weakened as Bloomberg News reported that Chinese policy makers were preparing contingency plans to support the exchange rate even as they prepared for trade war with Donald Trump.

http://www.zerohedge.com/sites/defau..._CNHDEPO_0.jpg
The three-month yuan interbank rate in Hong Kong, known as Hibor, surged to a record high, while the overnight rate jumped 23 percentage points to 61 percent, the highest since last Januarys cash crunch. Rising interbank rates can make some short positions prohibitively expensive.
The move widened the offshore yuans premium over the onshore rate to 1.6%, the most since February last year. While borrowing rates in Hong Kong remained elevated on Friday, a broad recovery in the U.S. currency eased some of the pressure on bears.
http://www.zerohedge.com/sites/defau...CNHDEPO2_0.jpg

Speaking to Bloomberg, Roy Teo, senior currency strategist at ABN Amro Bank NV in Singapore said that The offshore yuan is sinking because there is some recovery in the dollar, perhaps the unwinding of short-yuan positions has mostly been done, and its closing the gap with the onshore currency. The yuan is likely to weaken this year as capital outflows continue and the U.S. Federal Reserve increases interest rates, Teo said.

As shown in the chart below, in wildly volatile swings, the gave back much of its gains after a week that echoed the short squeeze in January of last year. That abrupt reversal marked the beginning of a nearly 5 percent rally lasting two months.
http://www.zerohedge.com/sites/defau...H%20flip_0.jpg

Chinese policy makers have several reasons to engineer a stronger or stable yuan in the short term. U.S. President-elect Donald Trump has pledged to label the country a currency manipulator on his first day in office, while the exchange rate came close to breaking through the psychologically-important level of 7 per dollar earlier this week. Policy makers also want to avoid a flood of capital outflows as citizens annual foreign-exchange quotas reset for the new year.
Meanwhile, Goldman warned that the Yuan will probably drop to 7.3 per dollar by December, emerging-market strategists led by Kamakshya Trivedi in London predicted in a note dated Thursday.

The squeeze will have a temporary impact, Luke Spajic, head of emerging Asia portfolio management at Pacific Investment Management Co., said in Hong Kong. But I dont think it necessarily changes the challenge, and the challenge is they still have to worry about the $50 billion to $60 billion a month of outflows and what theyre going to do about the value of their currency. And they have to face the fact that the U.S. is probably going to keep hiking rates.

Benjamin Fuchs, chief investment officer at the $2 billion hedge fund BFAM Partners (Hong Kong), said Chinas moves to repeatedly tighten capital controls risk eroding confidence in its currency. The dollars advance against the yen and other currencies has also increased competitive pressure on China to let the yuan depreciate, he said.

Were starting to see more and more of a negative cycle being created, Fuchs said. Chinas attempts to curb outflows are just making people want to take money out quicker, and make companies change their behavior.
The biggest problem, however, is that this volatility is starting to spillover into other currency, and asset markets, and as a result of the Chinese interventions even the dollar is starting to backoff from its recent 13 yearhighs.

Finally, in what may be a mockery of what traders observe every day, moments ago the PBOC said that China will keep the Yuan exchange rate "Basically Stable." It added that it "will continue to improve yuan exchange rate formation mechanism this year" according to a statement after PBOC annual meeting on 2017 work.

Among other PBOC focuses:

1. To improve policy framework, infrastructure for global yuan: PBOC
2. To maintain prudent, neutral monetary policy: PBOC
3. To keep liquidity basically stable: PBOC

Considering that China has failed abysmally at all three so far, markets are increasingly concerned that the worst possible outcome may be inevitable: China losing control over the currency. The global consequences would be severe.

Comments from Benjaminis: This is the REAL THING TO BE AWARE OF !!! Please ask me questions if you do not understand the signifigance of what is happening in China. It does effect USD/JPY aside from the Risk Off factor.

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

Snippet:
The dollar strengthened against its major rivals on Friday, clawing back some of its recent losses following a weaker-than-expected read on the labor market.
The U.S. added 156,000 jobs in December, according to the closely watched payrolls report, below the 180,000 that had been expected, while the unemployment rate rose to 4.7% from 4.6%.


Trading in currencies was volatile following the release of the data, which analysts attributed to the big swings the dollar has seen of late. On Thursday, it suffered its biggest one-day drop since July 2016. It has also seen sharp gains over the past few months, pushing it to multiyear highs.

“The dollar has sold off quite a long ways this week, which means it is less vulnerable to disappointing news, which the jobs number obviously is, but there’s not enough here for bulls or bears to get carried away,” said Jane Foley, senior currency strategist at Rabobank. Foley said the number painted “a mixed message” on the economy, citing the disappointing number of jobs added, but also the stronger-than-expected read on average earnings.

The ICE Dollar Index DXY, +0.56% added 0.2% to 101.70, though it swung between a low of 101.37 and a high of 101.80. For the week, it is down 0.5%, with much of that coming from a 1.1% slump on Thursday. That drop came as market participants seem to have off-loaded their bets on a higher greenback after dovish minutes from the Federal Reserve

Still, it has seen particular strength since the November election in the U.S., with investors betting that President-elect Donald Trump will push for policies that both accelerate economic growth and stoke inflation. Over the past three months, the index is up 5.2%, and it has been trading near levels last seen in 2002.


0:00 / 0:00
Nvidia and Audi predict self-driving car by 2020
(1:24)
Nvidia, a leader in self-driving technology, announced partnerships with Bosch and Audi at CES 2017. Rob Csongor, Nvidia's automotive general manager, talked to MarketWatch about the company's promise to have a self-driving car on the road by 2020.


Against the yen, the greenback USDJPY, +1.08% was trading at ¥116.20, compared with ¥115.34 late Thursday in New York.
The euro EURUSD, -0.6128% weakened to $1.0568 from $1.0598 late Thursday while the pound GBPUSD, -0.6764% fell to $1.2358 from $1.2413 late Thursday in New York.

In other currencies news, China guided the yuan USDCNY, +0.4282% 0.9% stronger against the U.S. dollar on Friday, its biggest increase since 2005. At the same time, the overnight yuan borrowing cost jumped above 60%, the latest signs that Chinese authorities are fighting to control the yuan’s descent.
The yuan fell 0.4% from Thursday’s close to 6.9182 to the dollar in Asian trade on Friday. On Wednesday and Thursday in the offshore market, the yuan surged 2.5% against the dollar.

The first indications of Money Flow is the US Dollar Index before the Equity markets open in 21 minutes.

5 Minute Chart US Dollar Index

http://finviz.com/futures_charts.ashx?t=DX&p=m5

5 Minute Chart on Gold

http://finviz.com/futures_charts.ashx?t=GC&p=m5

5 Minute Chart on US 10 Year Bonds

http://finviz.com/futures_charts.ashx?t=ZN&p=m5

Comments from Benjaminis: You can see that since now the PERCEPTION that US Interest rates will be raised the US Bonds are acting as if it will happen and as the US Bonds sell off then the Yields go Up thus raising RATES anyways. This way the Centrals Banks HAVE NO CONTROL over Interest Rates.

Is this clear to everyone ?

Why do you need to know about Money Flow and why this happens ? Because the Money Flow will MOVE the Charts and it is NOT the other way around which most Forex Traders think it is and that among other things is why 95% of all Retail Forex Traders lose money trading Forex !!!

If it was that simple then everyone would be making money.

A 300 Hitter in baseball did not get there just because he wanted to. Work brings rewards !!! Understanding brings rewards !!! Desire brings rewards !!! DISCIPLINE brings EVERYTHING !!!

Here is Spiders Den EXCELLENT CHART on EUR/USD

http://www.forexfactory.com/attachme...3&d=1483711281

Does it tell you if EUR/USD is going to 10400 ?

I am only pointing this out because I know it is true what I teach here.

Our Overall Strategy as follows;


(1) 20% is the Forex Trader.
(2) 20% is Risk Management in case the Professional or Retail Forex Trader makes the wrong trading decision.
(3) 20% is the EDGE that lets you trade with the markets and NOT AGAINST them because the MARKETS WIN EVERY TIME !!! (MONEY FLOW)
(4) 20% is the Technical Indicators which includes Supply & Demand, Support & Resistance, Pivot Points or any other technical indicator used.
(5) 20% is the Fundamental News released every day for everyone to see at the same time whether they are real or FAKE NEWS !!!

Notice how the two most common ones used by all Forex traders are Technical Indicators which includes Supply and Demand and Support and Resistance and Pivot Points or whatever system that has been developed in that field is number FOUR and Fundamentals is ranked number FIVE.

I am watching CNBC as the North America Equities markets open in 3 minutes and the MONEY will start to FLOW again and Asset Prices will change more quickly.

It is really not that complicated once you understand it as many of our better Forex traders here now understand.

You can follow most of the NEWS here !!!

http://finviz.com/news.ashx

Then you can post articles here and maybe I can take a small vacation. When my friends and students can teach then I have done my job.

EXAMPLE !!!

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

Snippet:
Jobs Disappoint In Obama's Final Month, Rise Only 156K, But Average Hourly Earnings Jump
http://www.zerohedge.com/sites/defau.../picture-5.jpg
by Tyler Durden
Jan 6, 2017 8:37 AM

With Wall Street expecting a 178K payrolls print for president Obama's final full monthly December jobs report, the headline December nonfarm payrolls increase of just 156K is likely to disappoint. However, the poor December number will likely be offset by a revision to the November print from 178K to 204K, even as October was revised downward from 142K to 135K, for a net revision of the past two months to 19K higher.
http://www.zerohedge.com/sites/defau...payrolls_0.jpg
For all of 2016, job growth totaled 2.2 million for the year, less than the increase of 2.7 million in 2015.
The unemployment rate printed at 4.7% as predicted, fractionally higher from last month's 4.6%.
However, the big silver lining in today's jobs report, and what Wall Street will likely mostly focus on, is the jump in average hourly earnings, which rose 0.4% in December, up from the disappointing November -0.1% decline, and ahead of the 0.3% expected by consensus. It was also the best print since 2009. On an annual basis, the increase was 2.9%, also on of the highest gains since the crisis, strengthening the case for the Fed to hike on multiple occasions in 2017.
On the other hand, average weekly earnings continued their muted performance, rising 2.3% Y/Y in December.
http://www.zerohedge.com/sites/defau...gs%20dec_0.jpg
Some more details from the report:
Total nonfarm payroll employment rose by 156,000 in December, with an increase in health care and social assistance. Job growth totaled 2.2 million in 2016, less than the increase of 2.7 million in 2015.

Employment in health care rose by 43,000 in December, with most of the increase occurring in ambulatory health care services (+30,000) and hospitals (+11,000). Health care added an average of 35,000 jobs per month in 2016, roughly in line with the average monthly gain of 39,000 in 2015.

Social assistance added 20,000 jobs in December, reflecting job growth in individual and family services (+21,000). In 2016, social assistance added 92,000 jobs, down from an increase of 162,000 in 2015.

Employment in food services and drinking places continued to trend up in December (+30,000). This industry added 247,000 jobs in 2016, fewer than the 359,000 jobs gained in 2015.

Employment also continued to trend up in transportation and warehousing in December (+15,000). Within the industry, employment expanded by 12,000 in couriers and messengers. In 2016, transportation and warehousing added 62,000 jobs, down from a gain of 110,000 jobs in 2015.

Employment in financial activities continued on an upward trend in December (+13,000). This is in line with the average monthly gains for the industry over the past 2 years.

In December, employment edged up in manufacturing (+17,000), with a gain of 15,000 in the durable goods component. However, since reaching a recent peak in January, manufacturing employment has declined by 63,000.

Employment in professional and business services was little changed in December (+15,000), following an increase of 65,000 in November. The industry added 522,000 jobs in 2016.

Employment in other major industries, including mining, construction, wholesale trade, retail trade, information, and government, changed little in December.

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.3 hours in December. In manufacturing, the workweek edged up by 0.1 hour to 40.7 hours, and overtime edged up by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls remained at 33.6 hours.

In December, average hourly earnings for all employees on private nonfarm payrolls increased by 10 cents to $26.00, after edging down by 2 cents in November. Over the year, average hourly earnings have risen by 2.9 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $21.80.

The change in total nonfarm payroll employment for October was revised down from +142,000 to +135,000, and the change for November was revised up from +178,000 to +204,000. With these revisions, employment gains in October and November were 19,000 higher than previously reported. Over the past 3 months, job gains have averaged 165,000 per month.



Benjaminis

hi benjiminis, i do like to set my time to +1 gmt,where can i do that on fxcm uk platform. thank you.

Hello , I am not sure since that is not something that I usually do so I am positive that one of our other Forex traders will assist you with that.
Take care and be well. Enjoy your weekend.


Benjaminis

HEADS UP !!!

What I said probably would happen has now happened. Have a look at the 5 Minute Chart on US 30

http://finviz.com/futures_charts.ashx?t=YM&p=m5

US 10 Year Bonds

http://finviz.com/futures_charts.ashx?t=ZN&p=m5

US Dollar Index

http://finviz.com/futures_charts.ashx?t=DX&p=m5

EUR/USD

http://finviz.com/forex_charts.ashx?t=EURUSD&tf=m5

USD/JPY

http://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5


Comments from Benjaminis: What I just shared here now only comes from EXPERIENCE.

You do not need to take all the years and work that I put in to my business because I just shared another Trick of the Trade that you can now use every month during 2017. When the NFP number is OFF either High or Low then it is better for trading Forex since the swings are more extreme. I also want to make it clear that using Technical Indicators is NOT VERY IMPORTANT. My point it does not LEAD and it only follows so if you use it as your LEAD then it just might LEAD you to the Poorhouse. I hope not and that is why I love teaching and sharing my knowledge.

We just had news released at 10 AM so now that is another FACTOR into the Markets that now again will change the MONEY FLOW !!!

I again repeat the following;

http://www.forexfactory.com/attachme...3&d=1483711281

Does it tell you if EUR/USD is going to 10400 ?

I am only pointing this out because I know it is true what I teach here.

Our Overall Strategy as follows;


(1) 20% is the Forex Trader.
(2) 20% is Risk Management in case the Professional or Retail Forex Trader makes the wrong trading decision.
(3) 20% is the EDGE that lets you trade with the markets and NOT AGAINST them because the MARKETS WIN EVERY TIME !!! (MONEY FLOW)
(4) 20% is the Technical Indicators which includes Supply & Demand, Support & Resistance, Pivot Points or any other technical indicator used.
(5) 20% is the Fundamental News released every day for everyone to see at the same time whether they are real or FAKE NEWS !!!

Notice how the two most common ones used by all Forex traders are Technical Indicators which includes Supply and Demand and Support and Resistance and Pivot Points or whatever system that has been developed in that field is number FOUR and Fundamentals is ranked number FIVE.

Comments from Benjaminis: I want it clearly understood that I am not against using all the excellent tools of Technical Trading. However to constantly make money in your business of trading Forex, if that is what you really want to do then you need to do it properly.

Perhaps this way is too much work and that is OK and if your results are good using another way then you surely should stick to that.

Benjaminis