Money Flow Trading Method along with Risk Management

Hi Benjamin

Here is the screen shot.

I kept my 3 positions open. Screenshot also attached. Will close when in profit.

How will this work?

There are instructions already posted by KeepCalmfx.

If you cannot locate it KeepCalmfx will or I will do it. Very simple to do.

Thanks


Benjamin

Hello KeepCalmfx

I just got back to my office and using my formula of observation about the Noon to 12:30 PM Eastern Standard Time , I have closed all my winning positions so I would appreciate a new SCREENSHOT.

My Equity is now at $78,044.08 US Dollars and my Ten Closed FX Trades show and my two open SPX500.

Thank You


Benjaminis

Hi Power

I will post some old posts later today.

What exactly is it that you want to know?

How and when to enter, what to look for, when to exit?

Here you go. Well done.

I also had 2 positions that has hit profit while I took my dog for a walk. (Last screenshot)
Nice, let the markets work for you

http://davidstockmanscontracorner.co...-bubble-blind/

The Great Immoderation: Beware of Money Printers In The Land of The Bubble Blind, Part 1


By David Stockman. Posted On Wednesday, April 19th, 2017

(Part 1 or a 2 part series)

Your better believe it. The high flyers in virtually every nook and cranny of the financial system will soon be dropping like flies before a summer storm. That's because the Fed's decades-long money printing spree has finally ended, but only after it had contaminated and falsified asset prices everywhere.


We are referring to the pandemic of financial bubbles our monetary central planners do not see. That stubborn blind spot is owing, apparently, to the rigidity and opaqueness of their DSGE (dynamic stochastic general equilibrium) models of the macroeconomy-----which give short shrift to asset prices in favor of mechanistic linkages among spending factors and labor and product markets.

On top of that, there is a tendency within the Eccles Building toward sheer laziness and lack of curiosity when it comes to the signs of manic excess that literally ooze from the pores of the financial system. The Fed heads simply take as gospel Wall Street's corrupted numbers and assurances that all valuations are within "normal" ranges.

Then again, maybe they should look around and ask why it is that virtually any asset class that can be traded or margined tends to track the same bubble cycle. In that vein, the always astute Wolf Richter recently reported a good one under the title "What the Heck's Going on with Classic Cars?"

The short of it is that a huge bubble in the price of classic automobiles is starting to visibly deflate. According to the most recent report from Hagerty, which specializes in insuring vintage automobiles, its market-price based index fell 1.44 points to 161.06 in April, but that's just the latest ratchet down:
(The index is down) 10.8% year-over-year, and down 13.3% from its all-time high in September 2015 (185.86).
The Hagerty Market Index, which is adjusted for inflation and is based on changes in dollars and volume of the market, fell about 20% during the Great Recession, then surged 75% on an inflation-adjusted basis to its peak in September 2015. Since then, it has been heading back down. It has now fallen nearly 25 points from its peak, exceeding its point decline during the Financial Crisis:

http://wolfstreet.com/wp-content/upl...ex-2017-04.png
The point here is that the massive fiat credits conjured from thin air by central banks to fund their bond buying sprees are financial carcinogens. When the Fed makes purchases from dealer bond inventories, the resulting newly minted deposits soon fund a cascading chain of "bids" throughout the capital markets, thereby inflating prices as they go.


At length, these inflationary impulses ripple out far from the bond futures pits and other securities markets, reaching eventually every available nook of tradeable assets and collectibles---including jewelry, watches, wine, ceramics, stamps and coins, antique furniture, fine art, vintage cars and countless more.

This outwardly propagating chain of asset price inflation, in fact, is the real transmission channel of Fed policy in the context of Keynesian central banking.

It generates intensifying "animal spirits" as asset prices relentlessly rise, but that's overwhelmingly among the 1% and the 10%. These fortunate classes own the overwhelming share of financial assets and collectibles in today's economy, not the main street masses which are the ostensible targets of the money printers' beneficence.


This is otherwise known as the "wealth effect". What it really means is that the richest and most affluent households---which already account for a disproportionate share of consumer spending----have an especially enthusiastic go at the cash registers as the chain of asset inflation propagates.

Needless to say, however, bubbles do not expand to the sky. When they reach their asymptote, as self-evidently classic car prices did in late 2015, the propagation sequence swings into reverse. Animal spirits begin to fade among the collectors, investors and gamblers in the manner Ernest Hemingway once used to describe the classic route to bankruptcy.

That is, something which happens slowly at first, and then all of a sudden. Indeed, the unexpected shock of periodic financial asset crashes might be called the Great Immoderation----a fitting repudiation of Ben Bernanke's fatuous claim of February 2004 that the Fed's astute monetary management had led to the virtual abolition of the business cycle (viz.the Great Moderation).

Hard thereupon, of course, followed the worst recession since the 1930s----and even that was only deferred not cured by the Fed's resort to the still greater lunacy involved in the 5X expansion of its balance sheet after the Lehman meltdown.


Stated differently, when asset inflations or bubble cycles collapse, the affluent classes, which have been insouciantly riding their bullish ascent, suddenly shutdown. This causes discretionary spending to plunge sharply and even violently.


Yet that's something totally at variance from the models which today's money printers were instructed upon by their Keynesian grandfathers like James Tobin and Paul Samuelson.

As the latter had it, it is discretionary goods and services rather than necessities that supposedly take the hit during hard times on the free market. But thanks to the Keynesian invention of fiscal shock absorbers, such as unemployment insurance and temporary welfare, those recessionary forces can be substantially mitigated.

After decades of Bubble Finance, however, discretionary spending has been overwhelming concentrated among household at the top of the wealth ladder. At the same time, the overwhelming share of main street households now live hand-t0-mouth and allocate virtually all of their available income to necessities.

This growing bifurcation between the discretionary spending of the classes and the necessities spending of the masses is wreaking havoc with those ancient Keynesian texts. That's because the purpose of the old-fashioned Keynesian shock absorbers---including temporary transfer payments like food stamps----was to enable main street households to dial-back only modestly on diuscretionary purchases owing to the availability of "replacement" income from the safety net.


But in today's American welfare state, these so-called fiscal shock absorber programs have an altogether different function. They essentially fund the necessities of a permanent class of welfare dependents, not the discretionary spending of temporarily laid-off workers.


To wit, the US now spends about $1.5 trillion annually on safety net programs (including state and local shares) such as unemployment, food stamps, Medicaid, SSI, family assistance, subsidized housing and disability, but 95% of those outlays bear no relationship to the business cycle.

That's because the 110 million or so recipients can't work or won't work----or represent that discards from a structurally failing domestic jobs market.

As a result, the amplitude of the discretionary spending cycle has gotten more extreme, and its decline is triggered not by rising interest rates on consumer loans used to finance ordinary consumptions goods, but by falling financial asset prices that trigger a curtailment of spending at the aspiration and luxury end of the goods and services spectrum.

As exhibit number 1 we offer the plight of Niemen Marcus. According to a recent Wall Street Journal story even its upscale shoppers are now saying "enough is enough....when it comes to price":
Neiman Marcus and other luxury retailers were long thought immune to the troubles of mass-market chains—falling foot traffic and the constant price wars that have triggered widespread closure of brick-and-mortar stores.

But high-end chains, which raised prices incessantly over the past decade, are learning the hard way that even wealthy customers are hunting for better deals and selection, whether online or at shops run by individual brands.


But the fact that even its affluent customers have become more discriminating is not the half of it. The real story is that Neiman Marcus----the very retail mecca of the wealthy---is on the verge of bankruptcy.



Few are feeling the heat as much as Neiman Marcus Group Ltd., which holds nearly $5 billion in debt that has grown through more than a decade of private-equity ownership. The company, which lost $406 million on sales of nearly $5 billion in the year that ended in July, recently abandoned plans to go public; credit-rating firms have warned there is a high risk it will default on its obligations.

With their equity practically wiped out, Neiman’s owners, Ares Management LP and the Canada Pension Plan Investment Board, are looking for an exit.

That's right. A storied franchise and the wealthiest imaginable customer base have given rise to massive debts and deep operating losses.

But here's the thing. The plight of Niemen Marcus is not a one-off aberration or consequence of particularly bad operational management or reckless financial maneuvers. Instead, it is a poster boy for Bubble Finance, as we will amplify further in part 2.



IBM mess....flat line S&P 500.......Neiman Marcus....restaurants
https://s3.amazonaws.com/agorafinanc...uin150x200.jpg
A copy of Jim Rickards' latest book is on hold for you right now
Exclusive Content
We have your free hard copy of Jim's new book, The Road to Ruin, reserved… Please click here to claim yours...
http://ads.agorafinancial.com/www/de...&cb=0456ade1c8

Copyright 2017 Subsidium LLC. All Rights Reserved.

http://davidstockmanscontracorner.co...Capture-36.png
Margin and Repo Lending Repo loans to nonbanks to finance carry trades and other securities holdings are crashing. In February they broke a 3 year uptrend channel. The decline picked up steam in March. They have now also broken a 7 year trendline.


The rally in bonds is defying this. It is a temporary artifact of the artificial reduction in supply because of the debt ceiling. When theres no new paper on the market and demand is constant, prices rise and yields fall.


This is a temporary condition. It is a gift for holders of long term paper. Its time to get out, or at least dramatically shorten maturities. The market is giving bond traders every opportunity to do so. In fact, the collapse in repo lending to nonbanks is as clear an indicator there is that professional traders are getting out.


These carry trade loans have been declining since they spiked to an all time high in mid September at top of the channel. They have now decisively broken a 7 year trendline. It almost certainly means the end of the speculative bubble, and the beginning of a bear market in bonds and stocks.


The traders clearly believe the Feds signals that it will soon start shedding assets, which will put downward pressure on prices. The pros are now beating an exit, ahead of the crowd, before its too late.
http://davidstockmanscontracorner.co...Capture-37.png
Fed Funds Outstanding The Fed pretends to control the Fed Funds rate, but it's a shell game. There is no Fed Funds market. The whole thing is rigged for show. In the old days the Fed deliberately kept reserves tight. Banks would borrow or lend to one another depending on their reserve positions to meet required levels of reserves. The Fed could influence the rate by adding or subtracting small amounts of reserves to or from the funds market. The did so with daily Temporary Open Market Operations using overnight or very short term repurchase agreements (repo).


Today, with $2.7 trillion in excess reserves in the system, Fed Funds outstanding are a shadow of what they once were. Banks simply don't need to borrow reserves at all. The only banks that do are the sickest ones, kept on life support with smoke, mirrors, and the self interest of the big boys in the system. So here's how the Fed Funds market looks now.

http://davidstockmanscontracorner.co...Capture-38.png
Every day the Fed conducts a sham market, where Primary Dealers carry out a few billion in Fed Funds transactions in sham trades in the Fed's target range to make it appear that the Fed controls rates. In a sense, they do at the short end of the market. But $50 billion outstanding in Fed Funds borrowing and current daily volume around $75 billion aren't even a pimple on a rounding error's backside in a market with $9 trillion in bank loans and countless trillions in other kinds of debt outstanding.


But the Fed must maintain the appearance of control at all costs. Otherwise, it has nothing. Loan growth is collapsing, in particular margin and repo lending for carry trades. The Fed has done its job of convincing the market all too well. Now it is talking about shrinking its balance sheet. As it peels off assets, that will constitute a real strengthening. Even if it's done in ultra slow motion as the Fed's trial balloons are signaling, the illusion that the Fed is in control will melt away. What comes next we don't know. But it surely won't be pretty.



Parts of this report are excerpted from Lee Adler's Wall Street Examiner Pro Trader Monthly US Banking Report.


Lee first reported in 2002 that Fed actions were driving US stock prices. The US Treasury has also played a role in directly moving markets. Lee has tracked and reported on those relationships for his subscribers for the last 15 years, helping to identify major turning points in the markets in their earliest stages


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

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

There is no such thing as Political Correctness here because we are here to teach and share our knowledge ALL FOR FREE until May 15, 2017 and then if you have subscribed to this thread before May 15, 2017, then you will get a FREE LIFETIME PASS to our company website.

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

20% of the SUCCESS is yourself the Forex Trader.

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

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

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

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

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


Benjaminis

 

1. Post 2,990
2. Cleanup
3. Quote
4. Apr 17, 2:10pm (46 hr ago)

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 2,387 Posts | Online Now

https://dollarcollapse.com/why-were-...sday-scenario/

Why We’re Ungovernable, Part 17: Europe Gets Its Doomsday Scenario



April 17, 2017

The rise of French far-right presidential candidate Marine Le Pen has made a lot of people nervous since, among many other things, she’s in favor of leaving the eurozone, which would pretty much end the common currency. But since polling has shown her making the two-person run-off round but then losing to a mainstream candidate, the euro-elites haven’t seen any reason to panic.


Here, for instance, is a chart based on February polling that shows Le Pen getting the most votes in the first round, but then – when mainstream voters coalesce around her opponent – losing by around 60% – 40%. The establishment gets a bit of a scare but remains firmly in power, no harm no foul.
https://i1.wp.com/dollarcollapse.com...pg?w=400&ssl=1
Then came the past month’s debates in which a previously-overlooked communist candidate named Jean-Luc Mélenchon shook up the major candidates by pointing out how corrupt they all are. Voters liked what they heard and a significant number of them shifted his way.

Mélenchon: Far-leftist surges in French polls, shocking the frontrunners
(France 24) – In a presidential campaign with more twists than a French braid, Jean-Luc Mélenchon’s sudden play to become France’s third man — or better — is shaking up the race.

With ten days to go before April 23’s first round vote, the colourful, cultured and cantankerous far-leftist has the frontrunners on the defensive.


Suddenly, the grumpy far-leftist — a showman in a Chairman Mao jacket who openly admired late Venezuelan populist leader Hugo Chavez — holds the mantle of France’s most popular politician. In the course of a whirlwind month, the 65-year-old Mélenchon surged nine spots to number one in weekly glossy Paris Match’s opinion poll. A full 68 percent of those surveyed hold “favourable opinions” of the far-left candidate, the poll by the Ifop-Fiducial firm showed.
On some polls, Mélenchon has now bypassed embattled conservative François Fillon for third place in a presidential race that will see the top two advance to the May 7 run-off.


An Ipsos poll on Tuesday put Mélenchon a half-point ahead of Fillon for third place in the race, behind National Front leader Marine Le Pen and the independent centrist Emmanuel Macron. With 18.5 percent, the far-leftist has gleaned 4.5 percent in just two weeks, with Macron and Le Pen tied on 24 percent.

Mélenchon wants to quit NATO, the World Trade Organization, the International Monetary Fund, the World Bank, and block European trade treaties with the United States and Canada. He promises a French referendum on whether to stick with the reworked EU he is pledging to negotiate or leave the bloc altogether.

Here’s a chart from the Washington Post showing just how tight the race for the run-off spots has become:
https://i1.wp.com/dollarcollapse.com...pg?w=600&ssl=1
It’s still unlikely that both Le Pen and Mélenchon will make the run-off, but based on the above chart it’s suddenly possible. This would be the cultural equivalent of a Trump – Bernie Sanders race in the US, but with – believe it or not — even higher stakes because both Le Pen and Mélenchon would threaten the existence of both the euro and the European Union, the world’s biggest economic entity.


So it almost doesn’t matter who wins that run-off. Just the prospect of having one or the other in charge would tank the euro and set off a stampede out of Italian, Spanish and Portuguese bonds, possibly doing irreparable damage to the eurozone before the eventual winner even takes power.

To repeat the theme of this series, when you screw up a country’s finances you take its politics along for the ride. In France, the right feels betrayed by open borders and excessive regulation, the left by an unaccountable elite that always seems to profit at everyone else’s expense. And both sides suffer from soaring debt at every level of society.

So if a fringe candidate doesn’t win this time around, the mainstream will just make an even bigger mess, raising the odds of a fringe victory next a few years hence.

COMMENTS FROM BENJAMINIS: This is clearly another HIGH RISK EVENT that the markets are ignoring for the moment. Tomorrow REALITY might take hold then we have earnings season starting and all the Kings Men and Women come back from their BREAK on April 21, 2017 (Friday) with the Debt Ceiling DEADLINE a week away on Friday, April 28, 2017.

We continue to keep our DISCIPLINE and. our FOCUS and the rest will take care of itself. Thanks for the Updated SCREENSHOT , KeepCalmfx

THIS WAS the 3000 TH Post on our thread and since it is also very important, I ask everyone to READ IT !!! Thank You...

 

1. Post 3,000
2. Cleanup
3. Quote
4. Apr 17, 6:00pm (42 hr ago)

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 2,388 Posts | Online Now

http://traderfeed.blogspot.ca/2017/0...ading-cat.html

SUNDAY, APRIL 16, 2017
Cyclically Adaptive Trading (CAT)
https://4.bp.blogspot.com/-N9yd6YIK2...B/s320/CAT.jpg
The recent post highlighted the challenge of short-term trading returns over the past year and, indeed, since 2009. In this post, I will sketch how I am addressing those challenges in my own trading.

When traders refer to the difficult trading environment, they often make reference to "choppy" or "noisy" markets. Usually their next sentences lament the "algos" and their impact upon markets. I find these to be expressions of frustration, not constructive formulations of trading challenges. Invariably, those lamenting choppy markets dominated by algos that "manipulate" markets engage in their venting--and then go back to trading as they've always traded...and continue to lose money.

A key to understanding the recent poor returns of short term traders is to appreciate that these traders don't merely lack an edge; they have a negative edge. What they are doing, which largely falls into the category of trend/momentum trading, is systematically not working over time. Waiting for high Sharpe trends to return to markets has not been a sound business model. But perhaps we can trade in a way that benefits from anti-trending/mean reversion as well as momentum.

In coming months, I will be rolling out an approach that I refer to as Cyclically Adaptive Trading (CAT). The core idea behind the strategy is that all markets contain linear, directional elements (trends) and cyclical elements. On a given time frame, a "noisy" or "choppy" environment is simply one in which the cyclical aspects of market behavior dominate the linear ones. Note that any market cycle itself has linear (rising and falling) components and range bound ones (topping and bottoming). Very often, what is a trend on one time scale is a portion of a longer-term cycle. The interaction of cycles over multiple time frames creates challenging irregularities, as markets switch between mean-reverting and trending phases.

The idea of CAT is that you trade the market's personality, not your own. Instead of trading the time frame and style you happen to prefer, you trade the cycles setting up in markets. Because there are multiple cycles at work at any one time and because the dynamics of the current cycles are influenced by the activity of prior cycles, we can identify dominant cycles in real time and adjust trading parameters to those. This is the adaptive element in cyclically adaptive trading. The reason so many traders are failing is that they lock themselves into preferred time frames and trading styles. An adaptive approach is one that trades momentum/trend when we are in the rising and falling phases of cycles and one that trades in a value/mean-reverting manner when we are in the topping and bottoming phases. We trade longer-term when longer-term cycles dominate and shorter-term when we see those "choppier" conditions. Trading one time frame in one style systematically fails over time in markets possessing strong cyclical elements.

(A corollary is that, to the degree you identify yourself, say, as a directional trader or a short-term trader, you are probably losing money. Someone who limits themselves to trading one facet of market cycles is like a baseball hitter who specializes in hitting fast balls. If you get enough of those guys on a team, it doesn't take the opposition long to put breaking ball and off-speed pitchers on the mound.)

A second major idea behind CAT is that cycles are self organizing: recent cycles impact the creation of new cycles which interact to generate other, different cycles. There is no single periodicity to cycles that can be traded mechanically and, indeed, I have doubts that cycles even exist in chronological time. Markets move inevent units of price movement and volume: as participants enter and exit markets, they impact cycles in ways that impact future price behavior. In other words, cycles are a function of the behavior of market participants, not a function of the passage of time on a clock. Our job as traders is to adapt to the market's clockand trade in market time, not our time.

The trading I am rolling out is based upon an advance I've made in tracking the self-organization of cycles over multiple event time horizons.

Some sources of insight into market cycles can be found in the early technical works of George Lindsay and Terry Laundry. Important quantitative perspectives and tools have been offered by John Ehlers, who introduced the notion of adapting technical trading systems to dominant cycle periods. Relevant TraderFeed posts appear below, and I will be posting more as I formally roll this out in my trading.
Further Reading:

The Dynamics of Market Cycles

Trading Market Cycles

A Unique Measure of Market Cycles

Using Cycles to Trade Trends

Reading Market Cycles

Trading Techniques


About Me

Brett Steenbarger, Ph.D.
Author of The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), The Daily Trading Coach (Wiley, 2009), and Trading Psychology 2.0 (Wiley, 2015) with an interest in using historical patterns in markets to find a trading edge. As a performance coach for portfolio managers and traders at financial organizations, I am also interested in performance enhancement among traders, drawing upon research from expert performers in various fields. I took a leave from blogging starting May, 2010 due to my role at a global macro hedge fund. Blogging resumed in February, 2014, along with regular posting to Twitter and StockTwits (@steenbab). I teach brief therapy as Clinical Associate Professor at SUNY Upstate in Syracuse, with a particular emphasis of solution-focused "therapies for the mentally well". Co-editor of The Art and Science of Brief Psychotherapies (American Psychiatric Press, 2012). I don't offer coaching for individual traders, but welcome questions and comments at steenbab at aol dot com.

1. Post 3,002
2. Cleanup
3. Quote
4. Apr 17, 10:46pm (38 hr ago)

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 2,389 Posts | Online Now

http://www.fxtechstrategy.com/how-th...ning-the-game/

How the 5% Traders Are Winning the Game
by Mohammed Isah | May 7th, 2015


Some people are afraid of success; others fear failure. Either way, the expression of the behavior is the same-not doing what is necessary and known in order to achieve success.


If you purchase a program that doesn’t help you select trades and have clearly defined entry and exit points, it’s incomplete.

If you purchase a program that doesn’t clearly separate risk management tools from money management tools, it’s incomplete.

If you don’t have a clear way to create a trading plan from the core ideas presented to you in the program, then it’s incomplete.

It is constantly said that 95% of traders lose money when it comes to trading. That means that 5% of the traders are collecting all of the profits. What are they doing differently?


There are four areas of a trade that have to be managed correctly in order for a trader to feel satisfied in his trading, whether he wins or loses. You have to know why you are selecting a trade, how to enter a trade, how to properly monitor the trade you are in, and, finally, how to exit the trade to the best of your ability.


If your decision-making process is faulty in any one of these key areas, you will start to cycle through the six emotions and become discouraged in your abilities as a trader.


Selecting Trades Properly
This is where so many traders go wrong. From the outset they don’t know what type of trader that they want to be. The guru is a day trader or an option-only trader, so you should be, too.

If the guru is trading a $50,000 account or recommends a $10,000 account, you should immediately follow suit.

Wrong!
You must trade to your strengths, interests, seed capital, time constraints, and abilities. Look at the experience of the program creator and realistically look at yourself. If you can’t stomach day trading, don’t do it.

If position trading is too stressful for you, don’t do it. Whatever the case, avoid putting on trades that simply don’t match who you are as a person.


If you are looking to stretch your boundaries into new trading arenas, first use a demo account and apply, to the best of your ability, the same conditions that you would experience if you were actually trading that way. As we know, ideal conditions never set the rule-they prove exception.


A little self-knowledge can go a long way to diminishing or eliminating improper trades from your lifestyle.


Entering Trades Properly
This leads us into how to enter a trade. In order to make a trade successful, you have to know how you are going to get out and what you have at risk. By fixating on the profits, you set yourself up for failure. The reality of trading is that profits take care of themselves.

If you have picked a good trade and the market is going in the right direction, there is little you can actively do to make that trade any better.

However, the question in the back of your mind should always revolve around: “What if I am wrong?” By entering a trade with that question on your mind, you can figure out if the trade is worth taking at all.

Successful trade entry is based solely on what you will do to exit.

Often, this has to take into account what risk management tools you will use in order to make the trade successful.


Monitoring the Trade
If you are a position trader, why are you watching the market hour by hour? If you are a swing trader, why are you looking at end-of-day results? These are genuine questions I have had to ask clients over the years. The key reasons fall back on one of two answers.

They don’t want to put a “stop order” in the market because they are afraid their stops will be run, so they keep mental stops and sit at their screen to get out fast; or they just like to “watch the market.” They are actually letting every tick on the screen influence how they act or, more importantly, how they will react to the market.

Whatever the reason of how and why a trader monitors the market, the core reason is fear.

They don’t trust the judgment that they have used to get into the trade, and they really don’t know how to protect themselves from losses besides either ignoring the market completely or watching tick by tick to anticipate what will happen next in the market.


Successful monitoring has to also have a back-up plan. Much like chess, you need to be three, five, maybe even seven moves ahead of your opponent. There is only one way to succeed in a trade: The market has to move in your direction. But there are at least two ways to lose: the market moves against you or the market does nothing.


If you prepare for these contingencies, your monitoring becomes a function of your preparation, not a crutch to rescue a trade that goes bad.

Exiting the Trade
Who determines how you get out of a trade, you or the market?

If it’s you, then maybe your actions are reactionary or you simply don’t have enough capital to be trading the markets that you are in. This is exactly why you have to know yourself when you execute a trade.

How you got in the market should be the exact reason why you get out of the market, if the markets fundamentally shift supply and demand in the opposite direction of your initial position.

When the market shifts, you should have targets in place to capture profits you have made or to protect your principal. These don’t necessarily need to be monetary targets; they could be overbought/oversold indicators, Bollinger bands, and so on.

The key point is that you have a reason for why you do what you do, coupled with a back-up plan that helps you reenter the market without being whipsawed or chasing the markets.

The exact way you get out of a trade will have a direct impact on how you get back into the market. It will determine if you can even get back in or if it’s too late, or if you can double up on your contracts, or if it’s time to find a new market altogether.


The exit, profits, and losses, should all be carefully prepared far in advance of ever putting your first dollar on the trade. This is the only way to prepare for an exit of a trade-leave a little room for unpleasant surprises.

Written by Noble DraKoln, he is founder of Speculator Academy, http://www.speculatoracademy.com. After becoming a licensed broker at the age of nineteen, he has gone on to author seven trading books. He is a former editor of Futures Magazine, regular contributor to Forbes, has been a featured guest on numerous financial channels, and is a sought after consultant speaker in the futures, forex, and options world. Needless to say his twenty-one years in the industry have been well spent.

He is also the author of the books Trade Like a Pro, Winning the Trading Game, published by Wiley and Sons, and the author of four book “Small Speculators Series”.
His books have been translated into German, Romanian, and is currently being translated into Chinese, Korean, and Spanish.

COMMENTS FROM BENJAMINIS: I had saved this article from 6/16/2013 when I had printed it out. What I find interesting is that is what we teach here.

We just do not trade because we trade. We have a Trade Plan. We know when we enter and when we should exit. We plan things out. We have an EDGE.

We show results and answer questions and there is no magic formula. It is about KNOWLEDGE and EXPERIENCE.

Our only goal is to have and control our fear and our greed and earn money by doing it a planned realistic professional way all the while teaching on a Demo Account.



Benjaminis

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

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

There is no such thing as Political Correctness here because we are here to teach and share our knowledge ALL FOR FREE until May 15, 2017 and then if you have subscribed to this thread before May 15, 2017, then you will get a FREE LIFETIME PASS to our company website.

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

20% of the SUCCESS is yourself the Forex Trader.

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

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

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

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

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


Benjaminis

1. Post 3,006
2. Cleanup
3. Quote
4. Apr 18, 7:52am (29 hr ago)

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 2,391 Posts | Online Now

Quoting power
{quote} Looks like Target No. 1 is approaching 109.21.... lets see what happens into the Euro Session
Good Morning power

I appreciate your thoughts on the technical indicators and as you know by reading and spending time on our thread there are many factors about technical trading by itself which in my opinion is one of the factors that will lead to confusion and uncertainty in your Forex trading.

There is an incredible trading and teaching industry for the Retail Forex Trade that KEY on the charts.

Of course there is opportunity to make money however most of the money in the Retail Forex Industry is made by the people that offer excellent courses and excellent value along with tremendous knowledge of many parts of the Forex industry however we today live in the world of Brexit and Trump and Europe and Central Banks and we are on the EDGE of Financial Collapse around the world as anyone even reading a few pages of our thread will understand and of course without the reading it happens every day in front of our eyes if we do not live in a cave which in many ways the MASSES do by being distracted by REALITY TV and FALSE NARRATIVES all the while that Rome is AGAIN BURNING.

So since things can and do change as we saw today all the Charts do is as I have said many times take an X RAY and then after MONEY FLOWS there is the need for many New X RAYS and of course NEW Pivot Points and new areas of Support and Resistance. As for SUPPLY and DEMAND when most of the Trillions that FLOW around the World by Countries and CENTRAL BANKS we are only small participants in the BI POLAR WORLD and GAME that we are in except it is much more than a GAME. It is REALITY and all of our FUTURES !!!

This time the EMPIRE BURNING in the FRONT of our EYES is the USA and because of GLOBALIZATION ir will greatly affect every one of us.

I would appreciate your thoughts on this and also if you are able to use your technical skills perhaps you can post some of your charts. I am looking forward to your thoughts.


Benjaminis

1. Post 3,007
2. Cleanup
3. Quote
4. Apr 18, 8:07am (29 hr ago)

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 2,392 Posts | Online Now

Morning Thoughts - Daily

When I first woke up and went to my computer I saw a DRAW UP of over $3000 US Dollars and my Equity Balance was close to $75,000 US Dollars and then in front of my eyes as some of the earnings from the banks came out this morning and the initial reaction to the MAJOR ANNOUNCEMENT from Britain was factored in the panic left the markets however the ONE THING that MARKETS ABHOR is UNCERTAINTY.

SO... it took DISCIPLINE on my part to just leave ALL my 8 Open Positions on and let the Markets and my Risk Management Strategy decide for me.

Of course having a Brain and Common Sense at anytime I can make a decision to close all my Forex Positions if need arises and I just want to stand back and let the DUST SETTLE. Call it CODE RED OF TEN.

At the moment we definitely have RISK OFF SO... we know what we need to do. When my friend and associate KeepCalmfx does my SCREENSHOT you will see where my Forex Account Stands.

Look for yourself what the US 30 did from the 5 minute chart from Finviz.

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

How can any chart in the world tell you what to do or probably even tell you what is happening to cause the VIOLENT MOVEMENTS and furthermore the change of directions then the return to the original direction on the announcement of the first reactions when the NORMAL LIE was told , "NO WE ARE NOT CALLING AN EARLY ELECTION"


Benjaminis

1. Post 3,021
2. Cleanup
3. Quote
4. Edit
5. Apr 18, 1:13pm (23 hr ago)

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 2,393 Posts | Online Now

As we go through the lunch hour in North America with 3 hours of Equity trading left I want to REVIEW RISK OFF and CORRELATION and USD/JPY.

RISK OFF is SIMPLE to UNDERSTAND. Our First two Trade Plans worked to PERFECTION.

We SHORTED US 30 up to 3 positions each position being 100 units with this Trade Plan having MAXIMUM RISK of 6% for this Trade Plan.

We SHORTED SPX500 up to 3 positions each position being 50 units with this Trade Plan having MAXIMUM RISK of 6% for this Trade Plan.

Now we come to USD/JPY the first Currency Pair that we trade. The first two positions are called CFD trades.

Here is the 5 minute chart from Finviz showing the MOVEMENT (MONEY FLOW) and how it went along with what US 30 was doing.

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

Here is the 5 minute chart from Finviz showing how US 30 also moved down sharply and Money Flowed in part for safe haven reasons or parking reasons into USD/JPY

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

We call that trading with Money Flow and CORRELATION using a Trade Plan with Risk Management per Trade Plan of 6% MAXIMUM LOSS.

The results by trading these way can be seen by the results produced.


Benjaminis

Dear KeepCalmfx

I have posted here what I think summarizes what we do and review what has happened in the last few days. I am also updating all our information so when I have my meeting at my office tomorrow at 1:00 PM all the important information will be easier to review. I got that idea from you when you did that in the last few months. It is always FUN when things work and also easier to show that to people that are not so sure if this is real and after 14 years of my work my results show how real it is.

Thanks again for all your hard work and CONGRATULATIONS on your results. Whatever the number that you achieved the fact that you can make 10% and KEEP YOUR CAPITAL shows exactly what you can do. I have no doubt with all you know now and have learned that you can easily do OVER 5% a month which probably puts you in the CATEGORY of Skilled Forex Trader and soon to become a MEMBER of the 10% CLUB which will be our NEW CLUB.

HECK , I am almost at 60% Return On Investment in 60 days of Forex Trading.

ALL IS GOOD and please feel free to offer your own thoughts and comments since WE did this together as a TEAM and we would love to have New Forex Traders join our winning TEAM !!!


Benjaminis

Here is a post that I just read and copied and now will paste here.

After you read it I will make my comment.

 

1. https://cdn-assets.forexfactory.net/...ar340842_1.gif PatienceFx
2. Joined Jun 2013 | Status: Member | 1,575 Posts

the future trade depends on the h1 rsi divergence, risky now
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1492621257
bole so nihal - sat sri akal

COMMENTS FROM BENJAMINIS: The FUTURE TRADE DEPENDS ON THE MONEY FLOW and it is as simple as that. 75% of all Forex traders both Retail and Commercial get trapped by the charts. What happened yesterday in Britain was NOT on any chart. What happens if the US 30 goes down 250 points is only on the chart as the update of the chart is done. The LARGE COMMERCIAL FOREX TRADERS only use the charts to make sure they know where you are in your logic of using the charts and then have their MEAL with YOUR MONEY.

As I have said from day one using the charts by themselves will never get you into the 5% club and if you want to settle for being in the 1% club that is also fine however why throw away your money when we are showing you how to trade Forex properly ?

Now it is time for my lunch. (SMILE)


Benjaminis

Well done Benjamin, it was a great day of trading!

Here is your screenshot with all positions closed.

I am still busy to put something together about how we trade. It is taking longer than I anticipated.

I will soon also close my positions.

Edit - I have closed all of my positions as well. I took a loss on SPX500 due to the glitch of yesterday, but after all it was a great week so far.

DONE ...

Now out of all my positions and will not trade again today. The net cash balance is $78,555.08 US Funds.

My friend and associate KeepCalmfx can do a SCREENSHOT so we all can see with your own eyes.

I closed 12 positions in the last 24 hours. Maybe we can also show those 12 Forex trades.

As always KeepCalmfx Thanks ...


Benjaminis

ON EDIT .... KeepCalmfx We are SO MUCH IN SYNCH... YOU are really the BEST (SMILE)

lol...

Here's your report of your account for the last 12 trades.