So, here we go, the penultimate DRIVE THRU blog of 2020. There is so much to say and do between now and the year end. I have decided that next week’s blog, the final one of 2020, will be mostly devoted to the changes I am bringing to 2021, but NOT in entirety.
Basically, November for me was disappointing when all said and done. In 2020 until November, I had never recorded a negative pip total for a completed month. In November I booked a loss of 1,507 pips, thankfully, I was not in full-sized positions on the trades that I covered, concerning long positions, with both the USD/CAD and USD/MXN.
Year to date the numbers are still however impressive: -
2020 Year To Date Totals: +22,780 pips.
Pips Target for 2020 = 15,260 pips
149% of objective achieved
Compared with 2019, I am still over 5,500 pips better off
So, at the end of the day all is good and I am still very positive moving forward into the year end and into 2021. In fact, I am really looking forwards to trading in 2021, many of the decisions that I was toying with have fallen away and I move forward with 100% clarity. The perception that I thought I would be dealing with will, I believe be far, far removed from reality. More about this later.
As mentioned last month, in line with my shift away on a gradual basis from writing blogs into a more audio / visual approach of “ZOOMING”, just the basics will remain in the blog, however, my homepage at https://www.weeklyfxdrivethru.com under the “History / Performance” tab selecting “This Years Performance” will give you access to view everything related to the previous months trading via THE WEEKLY FX PREMIUM.
I have a couple of people asking me if I am going to offer an end of year / New Year 2021 subscription promotion?
I have decided not to do this BUT I will advise you, that all 4 subscription options will be increased on January 4th, 2021. Therefore, not wanting to sound funny or be a smart arse, but should you sign up before the end of 2020 you will be saving based upon the 2021 prices.
Next week, in the final DRIVE THRU of 2020, I will review all of my objectives and targets and changes for 2021.
1. THE SOAPBOX:
THE “OLD NORMAL” SHOULD BE BACK IN 2021
Stepping back in time... Good Lord I sound like a 1980’s DJ about to play a hit from the 1960’s or 70’s.... Many people... Good Lord starting a sentence with this sounds like TRUMP.
Let me start again...
When I first discussed the idea of a blog with a few close friends inside and outside of FX I was told that above all else DO NOT be political because you can alienate your subscriber base. I took this message on board, and, up until about 3 or 4 months ago, some of you may say it was longer than this, but I feel I was still on the fence back then, I kept my mouth in check, BUT of late I have not been able to contain myself. I suppose that this is more of my version of perception versus reality.
Where am I going?
This section is called THE SOAPBOX so I can vent my thoughts, so I can rant about a topic that I feel needs a different approach... my blog my thoughts and all that!
So here goes...
I am absolutely delighted, one might even say thrilled to say that, that bloody idiot, self-centered, lying, unhinged and spoilt child in a man’s body has been voted out and we can move on.
- No longer will I see a “Tweet” that kills my open positions....
- No longer will I have to listen to a twisted Political agenda about me me me...
- No longer will I have to listen to SPIN talk up the equity markets because the administration believes Wall Street is the Economy.
- I expect Economic Data that is released in 2021 to count for something again...
You get the picture, I could list lots more.
Oh, happy days...
Christmas came early this year.
Now let me make it clear. I am not a “CALL ME JOE” ... BIDEN fan either, in fact if TRUMP and BIDEN were the best two candidates that a country with 325 million people could put forward... God help us all.
But one should always count one’s wins.
I am extremely grateful that BIDEN won. I actually believe that the world will be a far greater safer place with BIDEN in the Oval Office rather than himself!
Without any doubt and not to be blasé about anything at all, BIDEN and for that matter world leaders in the four corners of the globe have huge never before tackled issues to start putting right in 2021. Personally, I think the list is so bad, it will take years to correct. This stock market is NOT the economy.
Not listed in any order.
- The Covid-19 pandemic; Vaccine Rollout.
- Is herd immunity a myth? We will soon find out.
- Who controls the Senate? Big influence on how the U.S. will be governed.
- CHINA trade and human rights issues.
- HONG KONG fallout.
- NORTH KOREAN issues raising its profile once again
- IRAN nuclear deal
- Mass unemployment figures shielded by fiscal stimulus
- Youth unemployment
- Decimated hospitality industries (Hotel, Restaurants etc.)
- Decimated Travel Industries (Airlines, Cruise Lines and Tour Operators)
- Huge numbers of Small and Medium sized Businesses gone to the wall
- Massive pressures on Social Services
- Health Services overhauls required
There will be other issues on top of these but, at least from a U.S. perspective the issues will be handled diplomatically and not through social media. It will take some time to adjust after basically 5 years of mayhem. lies, spin, walk backs, and confusion over every announcement or decision made.
I admit, from a FX perspective, we could all find ourselves initially like “fish out of water”, but I think longer-term, we can plan based on a more stable outlook, even if it’s all going belly up around us because we should have a stable platform from which decisions and policy is made.
I do not think we will reach the stage of TRUMP who! His mouth is way too big for that, and I also know that he will be a sideshow intent on spoiling the party BUT he is no longer the puppeteer.
The big factor from my perspective next year will be the relationship between JANET YELLEN (Treasury Secretary) and JEROME POWELL (FED Chair), and I do not mean relationship in the biblical sense. JANET YELLEN “once a DOVE always a DOVE” combined with POWELL, I believe could attempt to decimate the USD.
At least both of these high profilers can talk in language we all understand, and they are NOT people who will change direction in an instant. This gives stability and removes the uncertainty and lack of clarity we have had on U.S. dealings for the past 5 years. Stability and clarity are critical success factors for markets, especially coming through the pandemic in 2021, the last thing we need is uncertainty and confusion.
So, read both the ECB and FED Monetary Policy Statements and listen intently to the Press Conferences that are coming up later this and next week. All the clues we need for H1 2021 will be there.
I haven’t walked away from 2020 yet, there is still much to do especially with BREXIT. However, after BREXIT my focus will be on 2021 and getting myself ready to hit the ground running early January once post-holiday FX liquidity returns.
2. WEEKLY FX PREMIUM: NOVEMBER 2020 PERFORMANCE:
Unlike previous months, this section of the blog will show just the overview spreadsheets / charts that give the previous months trading overview.
The complete set of spreadsheets can be found on my homepage at https://www.weeklyfxdrivethru.com under the “History / Performance” tab, sub section “This Year’s Performance”.
My overview and commentary on the previous month’s performance can be found on this weekend’s DRIVE THRU ZOOM.
2.1: THE MONTHLY & YEAR TO DATE OVERVIEW:
2.2: MONTHLY PERFORMANCE SUMMARY:
2.3: YEAR TO DATE PERFORMANCE SUMMARIES:
3. THE DRIVE THRU ZOOM:
During my summer break earlier in the year, I decided to make one or two structural changes to my delivery options of my supporting material.
I decided to start THE DRIVE THRU ZOOM, which would replace about 50% of the content previously contained in written format inside this blog. I decided to do this “With a Twist”, by only distributing THE DRIVE THRU ZOOM to subscribers of this blog.
Below, I list the content comparisons of both ZOOM meetings.
As already mentioned, 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.
4. 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.
4.1: SUBSCRIPTION OPTIONS:
MONTHLY ROLLOVER: CAD$10.00 for the first 10 days, then CAD$20.00 per month thereafter until cancelled by the subscriber.
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.
4.2: FUTURE SUBSCRIPTION COSTS:
Just a note to advise anyone considering a subscription that my subscription option prices will be increasing at the conclusion of 2020 trading and will be in place before 2021 trading starts. Subscription costs are set to increase on January 4th 2021.
4.3: THE WEEKLY FX PREMIUM – BENEFITS OF SUBSCRIBING:
4.4: WEEKLY FX PREMIUM - THE TRADING HISTORY:
5: MY FINAL THOUGHTS:
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.
The Pip Accumulator
BLOG VERSION: #392 FREE NEWSLETTER
DATE: 6th December 2020