THE WEEKLY FX PREMIUM: AUGUST 2020 PERFORMANCE

I am back from vacation and will be 100% at my screens on Tuesday following the Labour Day holiday....

Whilst this August 2020 review of the WEEKLY FX PREMIUM performance DRIVE THRU blog represents my first post since returning from my summer vacation, there are a few key items of news that I want to highlight first.

1. My new subscriber PROMOTION – “DOUBLE UP – EXTRA” has been extended by 7 days to end on the 13th September at 23.59 New York time.This is to reflect significant changes to this blog starting next weekend following the introduction of a ZOOM meeting for subscribers.
2. Starting September 13^th, for subscribers only of this DRIVE THRU “FREE NEWSLETTER” blog I will be adding a pre-reordered ZOOM meeting.The contents of the written blog will be shortened in favour of the ZOOM meeting surprisingly called THE DRIVE THRU ZOOM.Therefore, on a Sunday morning (ADT) a “Free Newsletter” subscriber will receive an email containing two links: -

   1. The link for the written blog
   2. The link to THE DRIVE THRU ZOOM

3. WEEKLY FX PREMIUM subscribers already receive an extended version of THE SUNDAY MORNING ZOOM, which has more detailed content. It also looks at my open trades and trades that are on my RADAR together with any other news, thoughts and ideas, plus I can get on my “SOAPBOX” and “OFF THE FENCE” to voice what I really think!

Below, I list the content comparisons of both ZOOM meetings.

Exciting times ahead...

To receive THE DRIVE THRU ZOOM you must be a subscriber to this blog. To do this visit my website https://www.weeklyfxdrivethru.com click on the subscribe TAB at the top of my landing page.

For those of you who pick up the COFFEE SHOP / CHIRINGUITO version of this blog if you want THE DRIVE THRU ZOOM, you will need to subscribe to this blog as obviously, only the shortened written version will be produced and that version in the future will represent the COFFEE SHOP / CHIRINGUITO version from next weekend.

Moving on...

Looking back through August, whilst on vacation, I kept up to date with bank and financial institutional opinion reports and watched a little Financial TV (BLOOMBERG, CNBC and FOX). I did little trading trades, in real terms, the majority (80%) of trades managed were pre-vacation live trades or limit orders that triggered. I will highlight trade specifics later in the blog under the appropriate sections.

If you recall, prior to my break, I noted that I wanted to step back from my charts and screens to re-charge my batteries and plan with purpose what I wanted to achieve into the end of 2020 and also lay down markers for 2021.

As predicted, I had a couple of peer group meetings last month from which, we reviewed each sector and the recent news about Warren Buffett buying Japanese stocks based on a better value outlook fell in line with what we talked about vis-à-vis U.S. stocks being grossly over-valued.

An S&P “blow off top” leading to a “Black Swan” event was aggressively discussed, feelings ran high, but at the end of the day, the (FED) Powell telecast for the Jackson Hole Symposium basically gave equity buyers another set of green lights to continue buying. The mere fact that the FED is seen as back stopping anything means that next you can just imagine Powell signaling that the Fed will buy stocks!

From the Jackson Hole Powell speech, I am still chuckling away about the FED flexible approach to inflation... their eagerly well-leaked policy change, from which basically they are now prepared to be flexible with U.S. inflation, letting the economy run hot and not be hard on the 2% limit.
Not wanting to be a cynic, BUT, what constitutes inflation, that is, what is included and what it excluded, has always been a bit of a manipulation to make the end number what the presenter wants it to be.

It reminds me of the joke about the accountant being interviewed telling his interviewer repeatedly that he is a brilliant accountant. The interviewer gets bored with the claims and basically says “OK, so you think you are a really great “first-class” accountant... if you are that good what is 1+1?”

The accountant replies – “What do you want it to be”

I feel that inflation stats represent something of the same. Take your pick in the U.S. to July 2020, 0.6% inflation or 1.6% core inflation. Core inflation excludes Gas and Food, yet, aren’t these the two items that directly affect us as consumers? Pay rises are based off the lower figure... obviously. Bit of a con and a Mickey Mouse approach one would say, yet we allow this nonsense to persist.

All of my earlier life Economic theories and readings from college are now well and truly parked at the back of my brain in a deep, dark place ready to be disposed of as trash.

Moving forward equities are still supported and the “BUY THE DIP” mentality remains in place. We did however, last week start to see cracks, especially in the inflated tech prices via NASDAQ. I am still a believer in stock valuations meaning something, so at some point the “BLACK SWAN” event discussed with my peer group remains on orange alert.

The Covid-19 pandemic will be with us through 2021 along with the common cold, for which there is NO cure. I now firmly believe that we will have to live with it until a serious tested breakthrough is discovered. Like the flu mutation each winter get ready for Covid-20.

Read the science, do not listen to politicians whose solution is to take non-approved dangerous dugs or drink bleach as well as sitting in intense U-V-rays...

The future is NOT pretty.

Stepping down off my soapbox...

I have already hit my 2020 net pips objective.

August 2020 performance = +825 pips
2020 Year to Date = +17,750 pips
2020 Pip Target = +15,260 pips
116% target now achieved

In conjunction with my “DOUBLE UP – EXTRA” promotion, I decided to add an additional net pip target to achieve outside of my already achieved target for 2020 of +3,940 pips.

Therefore new subscribers will see me mention this objective as we trade into the year end. The point here is that the promotional subscription has the opportunity to not only be paid in full with profits this year but the bonus period in 2021 could be seen as “FREE & CLEAR”, this has to appeal to serious traders.

Let me provide an example of what I mean:

POTENTIAL TRADING INCOME FOR THE TRADING YEAR 2020 ONLY:

Based on trading single Mini-Lot trades at USD$1.00 per trade.

40 weeks WEEKLY FX PREMIUM purchase now: (CAD) $1,250.00
Based on the PIP PROJECTION below (September – December 2020)
Trading every trade I let you know that I am trading = 110 trades
Cost to trade = 110 X USD$1.00 = USD$110.00

Projected possible profits = 3,940 net pips at $1.00 pip = USD$3,940.00

Potential income                                                    = USD$3,940.00
Less Costs trade                                                    = USD$110.00
Net Trading income                                               = USD$3,830.00
Less Subscription costs CAD$1,250.00              = USD$ 925.00
Possible Net income 2020 after all costs           = USD$2,915.00

PLUS: All of 2021 & 8 months of your 2022 subscription is pre-paid. All the forward income after 2020 could have no additional subscription costs.

This can ALL be achieved with a single “Mini-Lot” trading!

Obviously, I need to hit my targets and there are no guarantees BUT what a great opportunity.

1. WEEKLY FX PREMIUM AUGUST 2020 PERFORMANCE:

1.1: THE PERFORMANCE STATSISTICS:

 

1.2: THE TRADES:

1.3: MONTHLY PERFORMANCE SUMMARIES:

1.4: MY KEY TAKEAWAYS ON THE MONTHLY PERFORMANCE:

 

1. +825 net pips, was from my perspective better than I had expected to produce given the fact this was mainly existing trade management whilst on vacation.As expected, therefore, it was the longer-term trades styles, BREXIT (+315 pips) and INVESTOR (+355 pips) that produced the majority of the monthly return.
2. My SWING trade set ups (-50 pips) failed once again.Trying not to provide excuses but this marketplace is not really conducive to my shorter-term trading approach. The ranges and the marketplace noise really affected my style.August was without doubt not a top pickers market.
3. Overall, I completed just 21 trades in the month. Happily, I was in-line with my profit/loss trade ratio objective of 80% / 20%.MOMENTUM TRADES = 66% / 34%
   SWING TRADES = 34% / 66%
   FUNDAMENTAL TRADES = 80% / 20%
   BREXIT TRADES = 100% / 0%
   INVESTOR TRADES = 100% / 0%

My average pips per trade is now c.40.00. My objective remains a challenge at +50.00 pips per trade.
For 2021, I have already decided to refresh my trade styles. This will give greater focus and concentration whilst not lowering my annual pip target.

2. WEEKLY FX PREMIUM YEAR TO DATE PERFORMANCE:

2.1: YEAR TO DATE PERFORMANCE SUMMARY

2.2: YEAR TO DATE FX PREMIUM PERFORMANCE BREAKDOWN:

Annual pip totals are broken down by TRADE STYLES.

MOMENTUM             = (214) pips – 2020 Target = 1,080 pips = (19.81)% so far.
SWING                        = 204 pips - 2020 Target = 4,320 pips = 4.72% so far.
FUNDAMENTAL       = 1,014 pips – 2020 Target = 2,700 pips = 37.56% so far.
BREXIT                       = 7,717 pips - 2020 Target = 3,200 pips = 241% achieved.
INVESTOR                 = 9,029 pips - 2020 Target = 3,960 pips = 228% achieved..

TOTAL pips 2020 year to date  = 17,750 pips
Annual “Pip Target”                     = 15,260 pips
% achieved                                   = 116% of annual target achieved so far.

Just to note in comparison to 2019.

At this stage end of August 2019 pips total = 12,996 pips. I am 4,754 pips ahead of my August 2019 performance.

2.3: MY KEY TAKEAWAYS ON THE YEAR TO DATE PERFORMANCE:

 

1. Total pips for the Year to Date now rest at +17,750 pips, which represents 116% of my annual +15,260 pips target.
2. Average pips per completed trade = 40.53 (Objective 50.00).This has dipped a little lower from last month (40.59). This number continues to be dragged down by the shorter time framed trades that have been failing.
3. Ratios of Positive to Negative Trades = 76% / 24% just marginally below my objective.

Whatever way you dice and chop up the numbers this is still a great performance.

I really cannot complain too much, 7 months of the year completed, and I have blasted through my annual target on pips.

3. WEEKLY FX PREMIUM SUBSCRIPTION INFORMATION:

Basically, my website landing page has all the information that You would need to make a qualified decision about whether or not the WEEKLY FX PREMIUM would be a good fit for you or not. Below I have a snapshot of some data that you may find useful.

3.1: SUBSCRIPTION OPTIONS:

NOTE: THE SUBSCRIBER SUMMER PROMOTION below in section 1.7.

SILVER: 3 months (10 weeks) = CAD450.00

GOLD: 6 months (20 weeks) = CAD$750.00

PLATINUM: 12 months (40 weeks) = CAD$1,250.00
(Platinum renewal = CAD$1,000.00)

If you are looking to support your 2020 trading activities, why not consider a 3 month (10 week) subscription to get you up and running, who knows you may decide to extend your subscription!

It is a low cost way to maybe “KICK START” 2020; a 3 months (10 weeks) subscription in CAD$450.00 equals approximately: -

CAD = CAD$450.00 (CAD$ 45 per week)
USD = USD$340.00 (USD$ 34 per week)
EUR = €310.00 (€ 31 per week)
GBP = £265.00 (£ 27 per week)
AUD = AUD$500.00 (AUD$ 50 per week)
NZD = NZD$520.00 (NZD$ 52 per week)
JPY = JPY 38,000.00 (JPY 3,800 per week)
CHF = CHF 340.00 (CHF 34 per week)

Go to my website www.weeklyfxdrivethru.com for more details of all the subscription options under the “SUBSCRIBE TAB.

To subscribe to the WEEKLY FX PREMIUM, you will require a valid credit card.

3.2: THE WEEKLY FX PREMIUM – BENEFITS OF SUBSCRIBING:

 

3.3: WEEKLY FX PREMIUM - THE TRADING HISTORY:

 

3.4: SUBSCRIBER PROMOTION: “DOUBLE UP – EXTRA”

I have already outlined a potential profit scenario for this promotion earlier in this blog.

Full details and additional supporting data can be found on my website home page https://www.weeklyfxdrivethru.com under the SUBSCRIBE then clicking lower to the PROMOTIONS tab.

Additionally, below I provide the marketing flyer relating to the promotion. Just one week left to get onboard.

 

4:  MY FINAL THOUGHTS:

Next week, as mentioned earlier in the blog, major changes take place vis-à-vis the distribution of my weekly thoughts, views and ideas.

A revised DRIVE THRU layout and for DRIVE THRU (FREE NEWSLETTER) subscribers a link to a ZOOM recorded meeting in which I will take an overview look at the FX market.

Exciting times ahead....

Remember, if you want the link to the “DRIVE THRU ZOOM” you must subscribe to receive this FREE NEWSLETTER.

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.

Finally, Be GRATEFUL for your wins and COUNT THEM. Be positive, keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.

Scott Pickering
The Pip Accumulator
Twitter: @weeklyfxpremium
Twitter: @pipaccumulator

https://weeklyfxdrivethru.com/disclaimer/

BLOG VERSION: #379 FREE NEWSLETTER
DATE: 6th September 2020