&nbsp;
<ol>
 	<li><strong> INTRODUCTION:</strong></li>
</ol>
Jesus, Mary and Joseph… THE DONALD did it.

Last Tuesday was a hell of a ride, in fact it all started long before the day of the vote. The markets had decided that HILLARY had it all sewn up on the Monday morning following the prior weekends polls.

Never has there been an election in the world, that I can remember, where everyone and I mean everyone had an opinion on the outcome, based upon the shenanigans that we have ALL lived through for the past 18 months.

From a trading perspective, I went into the U.S. election with my focus on three pairs all based around a HILLARY victory. I banked a few pips on the night but to be honest, I was totally drawn in to the TV coverage, especially as the CNN expert panel started to think the unthinkable, and realise, that the candidate that they had trashed for the previous 12 months was about to become their next President. Between trading charts, two TV channels, Tweet Deck, emails and the odd connectivity issue, my primary focus was more on the prospect of THE DONALD in The White House than anything else.

I had my TRADE PLAN (A) but my TRADE PLAN (B) was not fixed in my mind. I had my price extremes list on the currency pairs that interested me, that I had issued to PREMIUM SERVICE subscribers in front of me.

I missed a great opportunity to short the EUR/USD after it became apparent that THE DONALD had a more than 50/50 chance of winning.  My pre-event chart had the areas of interest to me for a EUR/USD short at 1.1240 and 1.1310.  The pair spiked and leapt up like a salmon off 1.0990 support on the possible TRUMP victory. I advised PREMIUM SERVICE subscribers that I was NOT going to short at 1.1240 but 1.1310 the next level offered a better entry. The pair just failed short 1.1310 by a few pips.

It has subsequently fallen on the “TRUMPFLATION” move and is now challenging big support at 1.0850.

So, I missed several trades on the night. As I explained over twitter in the “wee hours”, you cannot be in all trades and such a geopolitical event is NOT just the night itself but the days that follow as well. On the night, I banked a smallish number of pips, however in the days that followed my pip gains have been much, much better.

Moving on…

The aftermath of the elections was relatively good for my trading as basically all of the bank analysis about what would happen should THE DONALD be victorious was bullsh*t. The FX reaction was 180 degrees away from all of the banks market interpretations that I could lay my hands on.

The week prior to the election, the PREMIUM SERVICE was negative -194 pips, (for the month) having started November at -300 pips. Now a week later for the month of November the PREMIUM SERVICE is positive by +694 pips.

As my PREMIUM SERVICE subscribers are aware, I am dubious about the present levels in equities. The relationship between prices, EPS and overall valuations has me puzzled and I think we should not get carried away. I have started building short positions with the commodity currencies and I am gathering my thoughts and ideas for trading in 2017 based upon a TRUMP White House.

More of my 2017 thoughts and trade ideas are listed later in section 5 for PREMIUM SERVICE subscribers.

Do not forget…

Just a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.

To stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a><strong> </strong>

<strong> </strong>You are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.
<strong> </strong>
<ol start="2">
 	<li><strong> THE PREMIUM SERVICE:</strong></li>
</ol>
<u>WHAT IS THE PREMIUM SERVICE:</u>

The PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.

Full details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.

Additional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.

<u> </u>

<u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u>

Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.
<p style="text-align: center;">PREMIUM SERVICE subscription costs are as follows: -</p>
<p style="text-align: center;">CAD$240.00 - 4 weeks (1 month)
CAD$500.00 - 10 weeks (3 months)
CAD$750.00 - 20 weeks (6 months)
CAD$1,250.00 - 40 weeks (12 months)
<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00

I work for about 40 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.</p>
<p style="text-align: center;"><u>PREMIUM SERVICE PERFORMANCE:</u></p>
<p style="text-align: center;">PRESENT AND HISTORICAL QUICK PREMIUM SERVICE STATS:

THIS MONTH SO FAR: +694 pips
YEAR TO DATE TOTAL: +12,312 pips</p>
<p style="text-align: center;">NET PIPS 2015:       +10,686 pips
NET PIPS 2014:       +11,209 pips</p>
<p style="text-align: center;">Below, for additional information, I show the net position of THE PREMIUM SERVICE performance for 2016. On my website landing page <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> under the heading “HISTORY &amp; PERFORMANCE” there are more reports providing more historic trading information.</p>
&nbsp;

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PS-PERF-2016-TO-DATE-12112016.png"><img class="aligncenter size-large wp-image-8626" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PS-PERF-2016-TO-DATE-12112016-944x1024.png" alt="ps-perf-2016-to-date-12112016" width="944" height="1024" /></a>

&nbsp;

PART-TIME TRADER (POSITION) TRADES:

At the end of 2015, having listened to many of my subscribers and from a market survey that I undertook, I wanted to try and address those Forex traders who would consider themselves to be a PART-TIME trader for whatever reason.

PART-TIME FOREX TRADERS fall between a rock and a hard place.  It is very, very difficult with limited access to computers due to full-time employment or limited access to a computer due time constraints, to have a voice when trading.

Now more than ever you really need to be 24 x 5 with your devices to keep on top of things.

I wanted to try and find a trading solution for PART-TIME TRADERS.

Let me be the first to say, my solution is not 100% perfect. You can put lipstick on a pig but it’s still a pig, if you understand me. This is not an easy fix. But I wanted to try, and to be honest, timing in Forex is everything.

My initial solution, and it is on-going, has been my savior to my trading performance this year so far, with just 6/7 weeks left to go.

I introduced PART-TIME TRADER TRADES now called POSITION TRADES at the start of 2016. This trading style is based upon my FUNDAMENTAL longer-term market views. These trades are LIMIT ORDER entry trades with very wide stops based on ATR (Average True Range) limits, mostly weekly limits, but sometimes monthly limits, using Fibonacci levels and trend lines to set stops and limits.

They have been, due to the way that the Forex market has been held to ransom inside tight trading ranges for most of the year, creating very choppy market conditions very successful.

I am NOT saying that these trades and the way I trade them because I still have to assess trades all the time and close off trades early etc.… are the “B all and end all” holy grail for PART-TIME TRADERS but they are a step in the right direction.

These trades also suit FULL-TIME traders who want to take a longer-term perspective.

How successful have they been?

How do I measure their success?

Very simply, when launching these trades, a year ago I created a page on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> called PART TIME FOREX TRADERS it is part of my drop down menu at the top of my landing page.

I tried my best to define my target audience and I posted a cash flow projection, it is still there today and I have subsequently added quarterly reviews during the year.

Below is the initial cash flow projection that was posted the first week of January 2016.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016.png"><img class="aligncenter size-large wp-image-8627" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016-818x1024.png" alt="pos-trade-proj-2016" width="818" height="1024" /></a>

&nbsp;

I am not going to spend a great deal of time on this. Basically for the purpose of this section of the DRIVE THRU blog will focus solely on MINI LOT traders.

My suggestion on day 1, was to open a broker account with USD$7,500. At the end of the year based only on single lot trades after costs to trade and my PREMIUM SERVICE annual subscription my goal was to grow the broker account from USD$7,500 to $15,052.50 by the end of 2016.

<strong><u>That would be to double your initial investment after ALL costs were taken into consideration</u></strong>

<strong> </strong>How have I faired with this quest?

Below is the latest spreadsheet update post I made to my website on the 31<sup>st</sup> October 2016. On my website <a href="http://www.weeklyfxdivethru.com">www.weeklyfxdivethru.com</a> landing page under the heading “PART TIME FOREX TRADERS” all my updates throughout 2016 can be found together with more information and background to these trade set ups.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3.png"><img class="aligncenter size-large wp-image-8630" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3-1024x806.png" alt="pos-proj-2016-q3" width="1024" height="806" /></a>

&nbsp;

At the end of last month, the cumulative position now shows that the original account with USD$7,500 now stands at net USD$13,868.00.

There is just under USD$1,200 in income left to achieve (1,200 pips over the months of November and December). It is a tall order.

What about my macro thoughts on the performance of the POSITION TRADES?

My thoughts are very straightforward: -
<ol>
 	<li>This (2016) has been an extremely difficult year to trade in.</li>
 	<li>My approach to trading this year has been almost a 180 degree turn on 2015 trading.</li>
 	<li>Features and factors that prompted me to start this trading style, namely central bank diversification never became as big of an issue as I thought it would have been. I had to re-focus and adapt the POSITION trade set ups to compensate for this.</li>
 	<li>This review of style, manifested itself in the facts that my projection was for just 90 trades in the year. So far I have completed 146 trades (more than 50% more than anticipated). My profits per trade are less and my losses per trade are well under projection.</li>
 	<li>I am, given the above points 1-4, delighted to have achieved this performance so far.</li>
 	<li>Have I delivered what I set out for PART-TIME traders? Not 100%. I have delivered profits but the timings for closing of trades is still an issue. I cannot let losses grow or profits diminish due to a trading style. I have to 100% trade the price action in the market as I see it.</li>
 	<li>What about 2017?

I will continue this trading style next year, but I will review my other trading styles. It is impossible to predict what type of a trading year 2017 will be, apart from the fact it contains 365 days and that there will always be a forex market every day the market is open.</li>
</ol>
If you would like additional supporting data or detail about the performance and the tabs on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.

<strong> </strong>
<ol start="3">
 	<li><strong> LOOKING BACKWARDS: THE FX MARKET PLACE</strong></li>
</ol>
<strong>LAST WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>

U.S. PRESIDENTIAL ELECTION:

As I stated at the beginning of the blog THE DONALD (#45) is the next U.S. President.

The market reaction was opposite to what all the highly paid no skin in the market bank analysts had predicted, as soon as the markets realized that a TRUMP Presidency means SPEND, SPEND, SPEND and SPEND some more. In the U.S. with the great divide between Wall Street and Main Street firmly in situ (and those differences will be cemented in even more with THE DONALD in place at The White House), it was really hard to imagine that around 2.00AM EST on election night, the DOW was under a LIMIT DOWN and negative 830 points. Yet at the open it rallied to all-time highs.

Since THE DONALD became President-elect, copper is on “Walter White” meth’s and the Bonds are dropping like a series of lead balloons across the financial centres. Gold is falling and Oil is starting to crater, regardless of the now laughable OPEC production cut to be formally written into the files of the “pointless and pathetic” at the end of this month.

Yup… welcome to the new world order; TRUMPISM and TRUMPFLATION is here!

From the markets perspective, where money is concerned who gives a rats’ ass about who or what is President. The view is greater freedoms, less regulation, possible repeal of the Dodd-Frank legislation… happy days are here again.

<strong> </strong>
<ol start="4">
 	<li><strong> LOOKING FORWARDS:</strong><strong> </strong></li>
</ol>
<strong>THIS WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong><strong> </strong>

<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>

(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href="http://www.forexfactory.com">www.forexfactory.com</a> and <a href="http://www.tradingeconomics.com">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).

SUNDAY: N/A.

MONDAY: GBP – Inflation Report Hearings.
MONDAY: NZD – Retail Sales.
MONDAY: AUD – Monetary Policy Meeting Minutes.

TUESDAY: GBP - CPi.
TUESDAY: NZD – GDT Auction Results.

WEDNESDAY: GBP – Jobs Data.
WEDNESDAY: USD – PPi.
WEDNESDAY: NZD – PPi.
WEDNESDAY: AUD – Jobs Data.

THURSDAY: GBP – Retail Sales.
THURSDAY: USD – CPi, Core CPi, Philly FED Manufacturing Index.
FRIDAY: CAD – Core CPi.

A nice mix of high level data this week. Our attentions will be starting to shift once again to the FED, with the will she or wont she raise rates discussion entering all the inter-market chat rooms once again.

If she wants job security our little FED ditherer will raise rates in December as expected by the markets, who, are now allegedly 85% on board with a FED increase in December, and next year with TRUMPFLATION on the cards two/three further rises should NOT be ruled out.

I am still bearish the cable and I am sitting in two short GBP/USD trades that are out of the money…argh!! I am therefore hoping for Theresa May or better still my mate Boris to say something bad this weekend regarding the BREXIT that causes cable to slip below 1.1500 preferably…. I live in hope!!

We must also bear in mind that the BREXIT will continue to offer volatility moving forward given the high court ruling on article 50.  I would not be surprised to see EUROZONE players getting involved in the media sound-bytes, plus we are now in the same month as the alleged proposed OPEC OIL production cut (he laughs as he types!!), this should also start to weigh in on the markets.

<u> </u>

MY THOUGHTS ON “THE DONALDS” FALLOUT:

Now before we all start popping Krug as if it were Dom Pérignon, there is much, much more to consider.

Let me just list a few of the initiatives that THE DONALD has in mind based upon what I would refer to as his ELECTION MANIFESTO.
<ol>
 	<li><strong>THE WALL</strong>: not a Roger Waters version, but the one to be erected between the U.S. and Mexico.</li>
 	<li><strong>THE AFFORDABLE HEATLH CARE ACT</strong> (aka OBAMACARE): to be repealed.</li>
 	<li><strong>NAFTA</strong> (North American Free Trade Agreement): To be torn up.</li>
 	<li><strong>NATO</strong> (North Atlantic Treaty Organisation): re-financed, replaced or eradicated.</li>
 	<li><strong>IRAN NUCLEAR AGREEMENT</strong>: To be torn up… revoked, repealed whatever.</li>
 	<li><strong>THE FED</strong>: Janet Yellen to be replaced by someone who will normalize U.S. interest rates at a faster pace. THE DONALD wants an aggressive little fecker in the FED as chairman.</li>
</ol>
Now enjoy it while you can… but let’s take a step back and look at this short list that springs to mind.

If you think for one moment that putting these action items into play is going to fuel a continued rally in equities good luck to you. The honeymoon will be over very soon when realism sets in.

THE DONALD is NOT a career politician. He is an arrogant, will say anything to get a deal done salesman. His path forward is not laid in GOLD… far from it.

I talk a lot about INTER-MARKET CORRELATIONS (PREMIUM SERVICE subscribers there is an item about this in the Training section). They are important to me to give me confidence in a move. Correlations confirm moves. They are vital to the way I trade and how I approach my day. Like my dogs (Ozzy and Aoife), I have my morning routines.

Before I take a really deep look at my charts and refresh myself with how my LIVE trades are behaving.

I scan the following: -
<p style="text-align: center;">GOLD - /GC#0 (re AUD/USD and NZD/USD)
OIL - /CL#0 (re USD/CAD)
COPPER - /HGZ2 (re AUD/USD)
10 and 30 YEAR US BONDS - /ZN#0 and /ZB#0 (re USD/JPY and DXY)
S&amp;P - /ES#0 (re AUD/JPY)
DXY – USD index</p>
<p style="text-align: center;">USD/CAD</p>
<p style="text-align: center;">USD/SEK – this pair is very sensitive and a great leading indicator.</p>
<p style="text-align: center;">AUD/USD</p>
<p style="text-align: center;">I will quickly scan the inverse relationships of: -</p>
<p style="text-align: center;">EUR/USD and USD/CHF
EUR/GBP and GBP/CHF
S&amp;P and AUD/JPY</p>
<p style="text-align: center;">I will look at GOLD versus the AUD and CHF currencies as a whole some days as well.</p>
<p style="text-align: center;">Started in 2015, if OIL is up or down I look at USD/CAD, USD/NOK and sometimes
USD/MXN (of late this has been more of a THE DONALD trade) to check the movement correlation.</p>
By verifying and checking all of these and it takes me 15 minutes for a fast appraisal, this gives me the market overview I require from which to trade from.

I will guarantee you right now, with the list of THE DONALD’s manifesto objectives listed above, correlations over the next 6-9 months will be more off than on.

My point here is that I strongly believe that we have continued uncertainty from a U.S. domestic perspective and it will be a riot on U.S. Foreign Policy.

Over the coming weeks I will be burning the midnight oil to gather more and more opinions to counsel me further or trade against, which is the norm more often than not.

This market will stop dead in its track and reverse. This is not a super heavy oil tanker that requires 25 miles to stop and turn around…. be careful.

<u> </u>

<u>FOREX TRADING IN GENERAL TERMS THIS WEEK:</u>

Basically keep it nimble. I do NOT trust these equity markets at these very lofty heights.

Bottom line just be careful. Very small position sizes if you are participating.

<u>
THIS COMING WEEK - THE USD MAJORS (MY THOUGHTS): </u>

(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)

My comments are contained on the charts.

EUR/USD - Weekly Closing Price: 1.0847

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-12112016.png"><img class="aligncenter size-large wp-image-8639" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-12112016-1024x477.png" alt="eurusd-d-12112016" width="1024" height="477" /></a>

GBP/USD - Weekly Closing Price: 1.2594

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-12112016.png"><img class="aligncenter size-large wp-image-8640" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-12112016-1024x477.png" alt="gbpusd-d-12112016" width="1024" height="477" /></a>

AUD/USD - Weekly Closing Price: 0.7539

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-12112016.png"><img class="aligncenter size-large wp-image-8638" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-12112016-1024x477.png" alt="audusd-d-12112016" width="1024" height="477" /></a>

NZD/USD - Weekly Closing Price: 0.7115

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-12112016.png"><img class="aligncenter size-large wp-image-8641" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-12112016-1024x477.png" alt="nzdusd-d-12112016" width="1024" height="477" /></a>

USD/CAD - Weekly Closing Price: 1.3538

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-12112016.png"><img class="aligncenter size-large wp-image-8642" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-12112016-1024x477.png" alt="usdcad-d-12112016" width="1024" height="477" /></a>

USD/CHF - Weekly Closing Price: 0.9870

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-12112016.png"><img class="aligncenter size-large wp-image-8643" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-12112016-1024x477.png" alt="usdchf-d-12112016" width="1024" height="477" /></a>

USD/JPY - Weekly Closing Price: 106.59

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-12112016.png"><img class="aligncenter size-large wp-image-8644" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-12112016-1024x477.png" alt="usdjpy-d-12112016" width="1024" height="477" /></a>

<strong> </strong>

<strong> </strong><strong> </strong>
<ol start="5">
 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>
</ol>
<ol start="6">
 	<li><strong> MY CLOSING THOUGHTS:</strong></li>
</ol>
Well, if you survived last week you are now good to go.

The equity markets look toppy to me so be careful as we will have huge “RIPS” and “DIPS” being at so many extremes all at the same time (DOW, S&amp;P, BONDS, COPPER).

Be conscious that BREXIT and the up-coming election in ITALY, could send the markets into mega confusion as protest votes are the way to go nowadays.

A big rejection of constitutional reform in ITALY on 4<sup>th</sup> December could send the EUROZONE and the single currency into a tail-spin. Add a bit of BORIS JOHNSON and THE DONALD into the mix and volatility is the name of the game…. never mind “HUGE” uncertainty about Matteo Renzi the Italian Prime Minister.

So once again, the sword of Damocles hangs over the markets. I have to mention OPEC… what a joke. If they actually do something that is measurable quantifiable and accountable never mind identifiable, yes, look out of your windows and catch the squadrons of pink pigs flying overhead…. need I say anymore?

As usual…

Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.

Take care,

Scott Pickering
The Pip Accumulator
<a href="http://weeklyfxdrivethru.com/disclaimer/">http://weeklyfxdrivethru.com/disclaimer/
</a>BLOG VERSION: FREE NEWSLETTER
DATE: 12<sup>th</sup> November 2016.