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Why the US Election Results Matter for Forex Traders

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#568: Why the US Election Results Matter for Forex Traders
In this video:
00:24 – Trump wins the US Election with a massive win.
00:53 – Quiet price action leading up to the election.
01:40 – W1 and Shorter time frame chart trades
02:02 – Selling Silver on the W1 charts.
03:09 – Metals dropped after the election result.
04:17 – The charts tell us what was going to happen with the election.
04:39 - My 17 minutes Masterclass and Book a Call.
05:18 – Blueberry Markets as a Forex Broker.
08:02 – Comments, Like & Subscribe.

I want to talk about the US election results and why I'm a technical trader. Let's talk about those topics and more right now.

Hey there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 568.

Trump wins the US Election with a massive win.

So we've just had the results of the US election. This week has been a really good result. It's been a positive result. there's not going to be any indecision in the market now. we're not going to get any delay in the result.

We're not going to get any court action and recounts and all that type of thing. So from the markets point of view, it's been a great result. And it's been a good, strong, decisive, positive result. And that's what the market needs and was looking for.

Quiet price action leading up to the election.

Now leading up to the US election, we've had a, like a quite a quiet couple of weeks, especially on the daily charts. And we've had that indecision and not really too much happening leading up to say, last week. And then the end of last week, we had the US monthly job news, and then the beginning of this week is all being quiet leading up to the election. Then, of course, you don't want to be trading on the election day with potentially, you know, big moves or spreads widening and then we finally got the result and things are likely to now settle down again.

So it's been a really interesting couple of weeks. You see the daily charts have been and the slightly longer timeframe charts like the 12 hours have been a little bit more indecisive. Not much happening there.

W1 and Shorter time frame chart trades

However you take it out to bigger picture and the weekly charts. We've had some great results and then the shorter timeframe charts between, say, like the two and six hour charts, two, three, four, six hour charts.

We've seen some great results as well. So it's really interesting that as a trader, you have to trade what the market's giving you at the time.

Selling Silver on the W1 charts.

And an example would be, we've taken a couple of, sell trades on silver at the beginning of this week. So we're talking, you know, like three days before the election results, we saw that XAG/USD and also,