Money Flow Trading Method along with Risk Management

Good Morning Forex Traders

I just heard by listening to CNBC now that the Press Conference this morning is called for around 11:15 AM EST.

Now to my first topic this morning. I am asking those that have the knowledge from the technical side to share your input here on the following currency pair , USD/JPY and the following chart.

http://www.forexfactory.com/attachme...3&d=1484074759

Last night as I said that I would I went SHORT 2 positions of 100 units of USD/JPY.

My first position was opened at 116.052 and I entered it at 8:09 PM and I put on my second position opened at 116.053 at 9:10 PM.

Look at the 5 Minute Chart from Finviz of USD/JPY

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

I put on my second position because the USD/JPY came down below 116.00 and then went up again over 116.00 so now I have 2 open positions.

I put my Limit Out on my two open positions at 115.481 and then I put my second Limit Out at 115.696.

Look at the excellent Chart of USD/JPY and see where Support One is placed and where Support Two is placed. It is where I have my Limit Out.

However I put my Limit Out on without looking at this USD/JPY Chart.

If I had been aware of where the two supports were I most likely would of placed my both Limit Out's at 115.75 and 115.80 locking in $250 US Dollars while I was asleep.

I am sharing all this information so that I can have everyone understand that using the Technical Indicators are a very important part of Forex Trading however it is just one part of it. I would appreciate comments and your views of what I have just stated so we can go further into this important subject.

Thank you for your cooperation.


Benjaminis

This will be the Forex Trading Post for Today which is January 11, 2017.

PLEASE CHECK IN AT LEAST ONCE AN HOUR IF YOU ARE TRADING FOREX TODAY AS I WILL PUT ALL MY THOUGHTS HERE.

I need anyone checking in to LIKE the post so that I know if there are Forex Traders reading this as it takes extra work by myself.

Thank You

Benjaminis

9:00 AM - http://finviz.com/news.ashx - You should go to this link to keep up to date on news released at times by the minute. You should especially look for any Zerohedge articles by Tyler Durden.

5 Minute Chart from Finviz on US 30 (Dow Jones Index)

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

5 Minute Chart from Finviz on US Dollar Index

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

5 Minute Chart from Finviz on USD/JPY

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

PLEASE READ THIS ZEROHEDGE Article.

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

I will post again in 30 minutes so again check into this Daily Forex Trading Thread Often.

Another ZEROHEDGE ARTICLE as Relates to Donald J. Trump - President Elect until Inauguration on January 20, 2017.

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

Please read it. That is it for now.

9:55 AM - My Next Post.


Benjaminis

9:55 AM - Please be aware of Option Expiry at 10:00 AM EST - If this is NEW for you please post your questions on the thread. Who of my Forex Traders are now using the 30 day free trial of RANSQUACK ?

I will post here again at 10:15 AM - Please check back and like the post so I know that I am not posting just for myself. Thank You.

10:18 AM - I am listening to the Confirmation hearings and the RISK ON EVENT is starting at 11 AM EST so stay tuned and be careful.

Hello KeepCalmfx

When you have a minute I sent you a PM and also if you could give me your thoughts on my last few posts of mine this morning. I know that you are at work so understand it might not be convenient to post at the moment.

Thanks


Benjaminis

Hello piphunting

Good Forex trading today and please share your thoughts with us if you care to. Markets open up in 20 minutes. We have RISK ON today because of the 11 AM EST Press Conference at Trump Tower.


Benjaminis

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

Snippet:
The Lira - officially the world's most volatile currency - has lost 11% of its value since the start of 2017 (down 8 of the last 9 days against the USD).
http://www.zerohedge.com/sites/defau...111_TRY1_0.jpg

In fact, the lira headed for its biggest five-day loss since Lehman (Oct 2008) after a pledge by Turkey’s central bank to support the currency failed to convince investors.
http://www.zerohedge.com/sites/defau...111_TRY2_0.jpg

As we noted previously, as Turkey deals with rising domestic instability (and Erdogan's push for total rule), the Lira has become the world's most unstable currency...
http://www.zerohedge.com/sites/defau...17011_FX_0.jpg
As we noted earlier, market focus has turned on the lira as a result of Turkey's large external borrowing requirement which makes its currency one of the most vulnerable currencies to tightening by the Fed.

Not helping matters is that Turkish residents have been flocking to the stability of hard currencies, the opposite of what President Recep Tayyip Erdogan has been urging. As the following Bloomberg chart shows, deposits in foreign exchange for individuals and companies excluding banks rose for a third week, signaling a lack of confidence in the lira. It’s the biggest loser among world currencies so far in 2017.

http://www.zerohedge.com/sites/defau...deposits_0.png

Additionally, Turkish economic growth has remained sluggish and inflation is rising, yet the central bank has been under pressure from President Tayyip Erdogan not to hike interest rates. A series of gun and bomb attacks have heightened security concerns. On Tuesday the Turkish parliament voted to press on with a debate about constitutional reform to strengthen the powers of President Tayyip Erdogan.

"Nobody wants to be the last one in there and everyone is running for the door. There are no signs from the authorities that they are taking it seriously," said Jakob Christensen, head of EM research at Danske Bank. Christensen said the risk of further attacks was undermining the tourist sector, which is vital for the economy and balance of payments.

It;s not just the currency that is in trouble though. The yield on the nation’s 10-year debt surged 45 basis points. The monetary authority said yesterday that it is monitoring “excessive volatility” in the markets and pledged to tackle “unhealthy price formations inconsistent with economic fundamentals.”

This is the list of our 12 Forex Traders learning how to trade successfully using Money Flow Method and Risk Management.

On Sunday I posted the list and now I will update the list and open the door to a few others as some on the list are not active.


(1) DavidRP D102728560001

(2) dttsomh D102731143001

(3) Dildubai D102731452001

(4) KeepCalmfx D102742634001

(5) Rockey007 D25557124001

(6) raveon D102742734001

(7) wayfarer D102743041001

(8) Maximus2005 D102746118001

(9) mrmkg01 D25558223001

(10) mbleska D50785188

(11) vladimir8686 2971864

(12) carbonado D102754631001


Number (3) has unsubscribed from my thread and his place is now open. The first in line is goodness. If there is anyone interested then please subscribe to my thread and send me a PM and I will make arrangements for you. Please also post here if you are interested. Thank You.


Benjaminis

REMINDER POST 1102 is our Forex Trading Thread for today until 6 PM EST. Please go there and see my latest posting which I update at least once every 30 minutes or so or quicker if need be. Thank You.


Benjaminis

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

Snippet:

While CNBC and the financial media are pushing investors to buy into the “Stocks going to the moon” narrative, another asset class as just staged a once in a decade breakout.

That asset is Gold. The breakout is a bullish cross over in which the 50-WMA breaking about the 200-WMA.
https://d1yoaun8syyxxt.cloudfront.ne...6e849e357d2-v2
This has only happened ONE other time in the last 16 years: in 2002.
That was the start of the last MAJOR bull market in Gold.
https://d1yoaun8syyxxt.cloudfront.ne...c5bbcf7958e-v2
Over the next nine years, Gold rose an incredible 429%.
https://d1yoaun8syyxxt.cloudfront.ne...efe13daa77e-v2


Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research

16:12 GMT

Thanks for the Chart , wayfarer


Benjaminis

HEADS UP !!!

We are watching live NOW the Press Conference so watch the Dow 30 and the US Dollar Index and USD/JPY and Gold.

Please keep in mind that Europe stops trading at 11:30 AM EST however the Forex Markets stay open. Also watch EUR/USD as it makes up 57.6% of the US Dollar Index. While we watch looking for a Forex Trading opportunity if any some of you can post Charts that relate to our present Four Forex Trading Plans of SHORT US 30 and SHORT USD/JPY and LONG Silver and LONG GOLD.


Benjaminis

Расхождение с точки зрения объема и цены! Как не пропустить момент разворота DJIA?
[Приложить] Screenshot_55.png; 2135636 [/ приложите]

Fantastic wayfarer

You are a tremendous Asset to us here. I saw what your charts showed almost at the same time so I took some profits on my USD/JPY which is my 2 positions of 100 Units that was not closed last night as I explained earlier this morning. I hope everyone outside of our excellent Forex Traders here now clearly can see that this method of Money Flow Forex Trading with excellent Risk Management to avoid any costly mistakes or Black Swan events.

5 Minute Chart from Finviz on USD/JPY

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

You are doing great along with KeepCalmfx and others that are not online now.

Thanks everyone


Benjaminis

I still modest post in the side of the trade, 1.5- 2 hours [Приложить] Screenshot_57.png; 2135677 [/ приложите]

Make sure that you lock in profits. The Press Conference is not over yet !!!

All going great !!!

Who is using the RANSQUACK Trial now ? Is it helpful ?

Benjaminis

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


As Vicent Cignarella, FX strategist who writes for Bloomberg, writes overnight, the "Dollar Rally May End If Dow Fails to Pass 20,000" and the one variable that might determine if it does, is Donald Trump. Here's why:


President-elect Donald Trumps first press conference in six months will need to include some policy specifics if U.S. stocks and the dollar are to continue their post-election rallies. The Dow Jones Industrial Average has led the dollar higher since the November election with a correlation above 0.85, but a potential problem for dollar bulls has emerged as two technical indicators show the blue-chip indexs recent surge will leave it short of the 20,000 milestone.


Tom DeMarks TD Sequential is signaling a pullback in the Dow at the same time mean reversion technicals are flashing caution. The indicator is a trend-reversal technique designed to predict a turn in a market using exhaustion points to determine peaks and troughs. If everyone anticipates 20,000 will be broken they are already in the market awaiting that breakout, so what impetus is left to move the market above that level, DeMark said in a Jan. 6 Bloomberg TV interview.

The equity index has failed to stay above the second standard deviation from its annual mean a handful of times in the past month, suggesting its next breakout will be to the downside.

The Dow gained as much as 9% after the election and on Friday climbed within 0.37 point of the round-number milestone. The dollar hit a 14-year high on Jan. 3. A retreat in the Dow accompanied by a dollar slide would only worsen if the President-elect doesnt deliver policy substance as markets are looking for clarity on everything from infrastructure spending to trade agreements that will impact the economy.


And here are some further details from Bloomberg, why traders can count Tom DeMark among the growing group of skeptics that the Dow - which hit 19,999.63 last Friday and faded - will rise above 20,000 anytime soon.


The chart analyst said investor psychology is acting as a ceiling on the gauge - everyone who expects the level to be surpassed has already purchased stocks, leaving an absence of buyers whenever it gets close.


Weve been confident the last three weeks we would not break 20,000, DeMark said in an interview on Bloomberg Television. I assume theres a possibility intraday we could, but its so unanimous, its almost as if the election were being replayed within the market. Everyones confident the markets going to break 20,000. If it does break, it may go quite a bit higher. But I dont think its going to happen.

The stock market appears to be in a topping process that traces back to its November low, DeMark said, citing a technical indicator known as an offset 13 in the Dow average that was hit in the last two days and flashes sell.

"Its unanimous, every market, even the derivatives, theyre all identifying tops at this time, all upside projections, he said. The Asian markets fulfilled their highs three weeks ago, a month ago, two months ago. The European markets, some have already fulfilled their tops, one or two may have one additional day."


COMMENTARY FROM BENJAMINIS: This time Technical Indicators along with having this news on the FUNDAMENTAL side keeps making US complete and successful Forex Traders.

How is it going Team ? I am very satisfied with today's trading. We are doing good both with the timing and the technicals and the correlation and the Risk Management.

I hope to have my Forex FXCM UK Demo Account all in cash later today over 20% ROI and that of course will put the Cash Balance at $60,000 US Dollars with the account opened on December 20, 2016 , 22 days ago.


Benjaminis

I am waiting for a rollback on the Dow, then a sell on the JPY.

Doing good, market very volatile, concentrating hard trading on 2 Demo accounts. LOL

Going to free fall now. lets see JPY atSupport 38, will it break?

Also listening to ransquawk.com