<strong> </strong>
<ol>
 	<li><strong> INTRODUCTION:</strong></li>
</ol>
Wow, that was some week for the USD. There were huge moves with the USD/JPY and EUR/USD about 6% and 3% respectively against the USD, quite incredible.

However, it’s all fueled on promises from THE DONALD that he is going to spend, spend, spend on U.S. infrastructure, this is going to fuel inflation and increase U.S. debt. Add to this a now probable FED rate hike and bingo… the markets love it. The long bonds have had a massive sell off creating the correlated weakness with the USD/JPY sending that pair higher by almost 1,000 pips since THE DONALD ‘s victory 10 days ago. A welcome early Christmas present for Japanese Prime Minister Abe.

All of this has sent the FX, Equity and Bond markets on a Walter White meth trip. I trade and only trade FX, but my economics background tells me that for the inflation related to THE DONALD spend would take at least two years to work its way through. So, all the talk of the FED chomping at the bit about inflation maybe just a little premature. Whilst FX is a future pricing mechanism two years in advance and on a TRUMP promise to boot, I would not be banking on a 100% guarantee of results.

I have read that market analysts are now predicting three maybe four rate increases quickly if the TRUMP spending goes through. FFS, the Fed is led (presently) by the biggest fecking dove on the planet. I just cannot see “the ditherer” signing up to four rate hikes in 2017. I think, and it’s probably proven, Janet Yellen likes to be behind the curve. I just cannot see multiple rate hikes next year without some economic evidence. THE DONALD doesn’t get into The White House until the end of January 2017. From my perspective, it’s all a bit premature.

You must admire the moves in the emini’s (S&amp;P futures) though. After the massive drop when it was evident that HILLARY had lost the election, it was LIMIT DOWN and a low of circa. 2.028. Then THE DONALD inflation move against what all the analysts had said would happen, just started to gather traction. From the lows of 2.028 the emini’s went on a non-stop rampage hitting on Friday 18<sup>th</sup> the level of 2.186 which was the 127.2% Fibonacci extension off the LIMIT DOWN lows.

All I can say is “What goes up must come down”.

Moving on…

This week’s blog is the penultimate release of 2016. After next week, the DRIVE THRU will be on vacation until January 8<sup>th</sup> 2017. For PREMIUM SERVICE subscribers, I will be trading but winding down for the year. I will not be sitting back in an armchair cigar in one hand and a Jack Daniels “Fire” on ice in the other, I have some key goals and objectives to fulfill in the break.
<ol>
 	<li>Review of my existing Trade Styles 2016.</li>
 	<li>New definitions of Trade Styles for 2017.</li>
 	<li>Revisions / updates to web pages at <a href="http://www.weeklyfxdrivethru.com">weeklyfxdrivethru.com</a></li>
 	<li>Trading review of 2016.</li>
 	<li>Marketing Plan for 2017.</li>
 	<li>Revision of Trading Brokers for 2017 versus 2016.</li>
 	<li>Revision of Trade Plan for trading “cross-rates” in 2017.</li>
</ol>
Therefore, I have enough to keep me occupied.

Back to trading…

It was a good week from a pip perspective with +498 new profitable pips added. All other parameters are well within my RISK PARAMETERS.

I remain very positive with FX Trading for 2017, as I think it has all the possibilities to be what I thought 2016 was going to be from a trading perspective.  I am however, still a little spooked by the market’s reaction to the TRUMP victory. We have gone a long, long way on a promise and the moves are 100% not what any bank, financial institution predicted would be the outcome from a TRUMP election victory. We all know that on many occasions banks sell retail traders against their books and personally, I find some bank financial information great to go against in the opposite direction, but on this occasion, for them all to be arseways on the effect of a TRUMP victory should be concerning if NOT alarming.

I am ready for 2017, I see no reason why I cannot generate my 10,000 pips objective for PREMIUM SERVICE subscribers. I showed early this year that I could adapt my style and approach very, very quickly to the market conditions. I suffered from a 72-hour power outage, and ISP’s out of action for 24 hours all because of severe ice storms earlier this year. I took severe account losses as these outages were while the BREXIT became a huge issue when Boris Johnson the then London Mayor announced that he was supporting the BREXIT. I was run over on several trades that caused real pain. In essence, I started the trading year from March 1<sup>st</sup>. Therefore, to be almost +13,000 pips for 2016 so far I am happy with.

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.
<p style="text-align: center;"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>
<p style="text-align: center;">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>
<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: +1,192 pips
YEAR TO DATE TOTAL: +12,810 pips</p>
<p style="text-align: center;">NET PIPS 2015:       +10,686 pips
NET PIPS 2014:       +11,209 pips</p>
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.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2016-PS-NET-PERF-to-12112016.png"><img class="aligncenter size-large wp-image-8670" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2016-PS-NET-PERF-to-12112016-943x1024.png" alt="2016-ps-net-perf-to-12112016" width="943" 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>

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.

&nbsp;

<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>

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>

30 YEAR U.S. T-Bond / DXY / USD/JPY:

Correlations do matter.

That was a title of a blog that I wrote back in 2014, I think that we were on vacation in Las Vegas at the time when I penned that little ditty.

It is just as true now as it was then. NO matter what we as traders think, the market will do what the market does. I focus on Forex. However, inter-market relationships matter and the push in one market is a pull in another and they usually all correlate as a domino effect takes place

Whilst, some correlations are off at the moment, or maybe not as strong, the selloff in U.S. long bonds related to the DXY and the USD/JPY is fixed and solid.

I can pontificate here for pages about how I think these moves are predicated on bulls**t that may not happen and that I think that the moves are way overdone and extreme to say the least, it is was it is.

The weird thing is…

I have for the past week not attempted to trade the USD/JPY apart from a few personal scalps on the night of the U.S. election results. The 1,000 pip move higher has passed by me. Why? I have let my own beliefs and thoughts about this move cloud my judgement. I don’t believe that this move is sustainable and I am expecting a sharp / painful reversal at any time.

My problem…

Janet Yellen has now fanned the fire by virtually stating that the FED will raise interest rates next month. This has fueled the USD (DXY) and this has sparked greater weakness in the USD/JPY and this in turn has pushed the long bonds lower.  It’s all connected.

After the election, it was inflation hopes that sparked the long bond selloff. I didn’t buy the longevity of that trade. So, I missed the JPY moves.

Now the FED has triggered the next stage and I will NOT chase the JPY.

My point here is that you cannot be in every trade and sometimes trades you want to be in you must just watch and let trades go by because you cannot get a decent pullback to obtain a value entry.

Last week there were three specific pairs that I wanted to establish positions in but I have yet to have my LIMIT ORDER entries triggered and I am still waiting. My entries were close to going LIVE but never actually did: -

USD/SEK – just on a tear. Pullbacks are so shallow; I have adjusted my entries twice and I may as well give up.

USD/CHF – I had a FLASH TRADE trigger at what I thought at the time was a weak entry. I banked $$$ and re-set my entries at better support levels. I am still waiting and totally frustrated as I want to establish a core long position with this pair.

USD/CAD – missed my entry by 4 pips and it is now trading well over 100 pips higher.

So, it has been a very frustrating and annoying time for me this past week despite adding almost 500 pips to the monthly total.

&nbsp;

THE EUROZONE:

One currency that has been under pressure this past week or so is the single currency. The EUR/USD has moved about 600 pips lower since the U.S. election. Thankfully, I have grabbed bits and pieces along the way with this drop.

The word on the street is that Italian Prime Minister Renzi is going to lose the constitutional reform vote on December 4<sup>th</sup>. All votes at the moment, have taken on the mantle of being protest votes and it looks like the Italian vote will be no different.

A “NO” vote would, in my opinion, cause a Renzi resignation, and more uncertainty in the EUROZONE. Hence the single currency is under pressure now as the populist / anti-establishment / let’s have change vote gathers pace.

We have Austrian, French, Greek, Dutch and German votes on the horizon through to Q2 2017. It will get dirty and nasty.

This is now the long overdue payback time from the people for the failed German induced austerity measures that crippled the EUROZONE.

There is complete denial out of Brussels, but the populist vote in the EUROZONE is gathering massive momentum.

I predict that 2017 will be dominated not solely by THE DONALD but just as much by the EUROZONE as it implodes. I also predict that the likes of Hollande and Merkel will be out. The two primary architects of the EUROZONE problems will not stand again.

&nbsp;

BREXIT and THE CABLE:

For the past 10 days or so, I have reached analysis paralysis with regards to the GBP. My fundamental views as a result have turned, at least I need convincing to go back again.

Why?

Remarkable as this sounds and, although I am not yet 100% on board, but it is weighing heavily on my thoughts, the cable is now perhaps a safety trade given the EUROZONE issues.

Here are my thoughts below behind this change. Some are more finalized than others, therefore they are not ALL work in progress but collectively they are sufficient for me to take a step back for now: -
<ol>
 	<li>The EUROZONE election issues (above).</li>
 	<li>The BREXIT will affect the EUROZONE as much as the UK.</li>
 	<li>The UK economy for all the fear mongering carried out ahead of the BREXIT vote by the REMAIN believers has NOT imploded. Yes, some data is mixed but the promised implosion has just NOT happened. I know there are issues ahead but for now, the end of the UK did NOT happen. This may change when greater data information feeds through.</li>
 	<li>Economically the UK is resilient and strong and it can manage its own affairs moving forward, despite BREXIT rulings and timings.</li>
 	<li>The EUROZONE cannot save itself because of itself. One step forwards, two steps backwards or kick the can down the road is all that the EUROZONE can offer. It has NO coordinated approach on practically everything.</li>
 	<li>The usual flight to safety for institutions is the CHF. This is costly at 0.75% from the SNB for overnight deposits. Deposits may sit for a day or two but a longer-term solution is required and even with BREXIT the UK is seen as a better location, a great option worthy of consideration.</li>
 	<li>I know, and fully realise that BREXIT issues will come into play, and these issues could potentially drive the cable one way or another and override the move that was in existence at the time.</li>
</ol>
I am not saying that I think cable has bottomed, but I am now struggling to think that moves to parity, 1.1000, 1.1500 are NOT going to happen. I do think that we should tag the 1.2080 lows and then I think that we are done.

Obviously, this is just my opinion. Having now written this in black and white and published my thoughts, the GBP/USD will probably head sub parity!!

The bottom line is after taking a -40-pip loss on a EUR/GBP short (Friday), plus also on Friday, I closed out two GBP/USD shorts for a grand total of +20 pips combined to clear me out completely from cable trades. I am out and until I get over my analysis paralysis I WILL NOT be going back to cable.

<strong> </strong><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: EUR – Mario Draghi (ECB) speaks.
MONDAY: NZD – Retail Sales.

TUESDAY: NZD – PPi.

WEDNESDAY: USD – FOMC Meeting Minutes.

THURSDAY: N/A.
FRIDAY: N/A.

<strong> </strong>

There is the Thanksgiving holiday on Thursday and “Black” Friday on Friday so from a trading perspective it will be probably more like a 3-day week as many traders take Black Friday as a holiday as well.

Nothing excites me about this batch of economic data.

I do however want to re-iterate what I wrote last week regarding the fallout from THE DONALD’s victory.

<u> </u>

<em>MY THOUGHTS ON “THE DONALDS” FALLOUT:</em>

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

<em>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.</em><em> </em>
<ol>
 	<li><strong><em>THE WALL</em></strong><em>: not a Roger Waters version, but the one to be erected between the U.S. and Mexico.

</em></li>
 	<li><strong><em>THE AFFORDABLE HEATLH CARE ACT</em></strong><em> (aka OBAMACARE): to be repealed.

</em></li>
 	<li><strong><em>NAFTA</em></strong><em> (North American Free Trade Agreement): To be torn up.

</em></li>
 	<li><strong><em>NATO</em></strong><em> (North Atlantic Treaty Organisation): re-financed, replaced or eradicated.

</em></li>
 	<li><strong><em>IRAN NUCLEAR AGREEMENT</em></strong><em>: To be torn up… revoked, repealed whatever.

</em></li>
 	<li><strong><em>THE FED</em></strong><em>: 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.</em></li>
</ol>
All the above is still as valid this week as it was last week in my opinion.

We must be careful as this market will reverse as quickly as it shoots higher. All these moves we have seen are on a promise, not facts. Nothing has been implemented.

As mentioned before from the S&amp;P futures being LIMIT DOWN at 2.028 it has rallied to the 127.6% Fibonacci extension at 2.186 in 6 working days…. quite remarkable and all on a promise.

<u> </u>

<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: 1.0582

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-19112016.png"><img class="aligncenter size-large wp-image-8663" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-19112016-1024x477.png" alt="eurusd-d-19112016" width="1024" height="477" /></a>

GBP/USD - Weekly Closing Price: 1.2342

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-DAILY-19112016.png"><img class="aligncenter size-large wp-image-8664" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-DAILY-19112016-1024x477.png" alt="gbpusd-daily-19112016" width="1024" height="477" /></a>

AUD/USD - Weekly Closing Price: 0.7330

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-19112016.png"><img class="aligncenter size-large wp-image-8662" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-19112016-1024x477.png" alt="audusd-d-19112016" width="1024" height="477" /></a>

NZD/USD - Weekly Closing Price: 0.7006

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-19112016.png"><img class="aligncenter size-large wp-image-8665" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-19112016-1024x477.png" alt="nzdusd-d-19112016" width="1024" height="477" /></a>

USD/CAD - Weekly Closing Price: 1.3495

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-19112016.png"><img class="aligncenter size-large wp-image-8666" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-19112016-1024x477.png" alt="usdcad-d-19112016" width="1024" height="477" /></a>

USD/CHF - Weekly Closing Price: 1.0097

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-19112016.png"><img class="aligncenter size-large wp-image-8667" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-19112016-1024x477.png" alt="usdchf-d-19112016" width="1024" height="477" /></a>

USD/JPY - Weekly Closing Price: 110.84

<strong> <a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-19112016.png"><img class="aligncenter size-large wp-image-8668" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-19112016-1024x477.png" alt="usdjpy-d-19112016" width="1024" height="477" /></a></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>
From the outside looking in one would say that this is a one-way market. It certainly looks that way when you glance at the daily and weekly candles. The moves seem to get going in Asia and when the U.S. comes on line we chop about inside 30-40 pip ranges in the majors with a few exceptions every now and then. The moves starting in Asia makes a lot of sense because of the effect that the JPY had on the USD moves last week.

I am a non-believer in this market move, it is way overdone in my opinion and I think that equities will pullback. The USD is still in demand now that the FED looks like a rate hike is going to happen.

Because of the shortened week next week in the U.S. I would be very careful about getting too heavy in trades. Thinner liquidity from lunch-time (EST) Wednesday will hit the markets. It is not just a one-day thanksgiving. It is 2.5 / 3 days for many people. Bear this is mind when trading. Over recent years there have been examples of many wicked moves on low trading volumes.

So once again, the sword of Damocles STILL hangs over the markets.

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

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DATE: 19<sup>th</sup> November 2016.