Comments
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JNAny concerns on recent gold pullback Dave ? Thanks
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DFThanks PD S.
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PSgreat job as always dave. :) (y)
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DCKudos on your EUR/GBP & AUD/NZD analysis: strong moves last week. Thank You for making me more attentive to them.
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DFOddly enough I changed my mind on NZD/USD....went short last night....then prices spiked...sigh. Still short, we will see. The good news is that the stronger NZD (kiwi) helped our short in AUD/NZD.
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DFHot M....NZD/USD is also a possible long set-up - but as a stand alone - not as a substitute.
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DFHi Amit - I don't track GBP/CAD....sorry
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DFHi Simon....Prechter certainly lays the foundation and parameters for EW so his text is a needed read. I also think Dynamic Trading is excellent - less EW heavy but a very practical book...you can tell that the author (Robert Miner) is a trader based on his delivery.
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DFDave C - housing destruction due to hurricanes creates renovation work, not new home building per se....espeically by a 'planned community' builder like LEN. Plus, that would be a short-term pop for LEN and other home builders not a sustained shot in the arm. Regardless, I don't buy the thesis - if it were true price would have already factored that in and LEN would be higher....it is not. I will continue to be or add to shorts.
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STNice work Dave, thanks. Is Pretcher the go too on EW? Glad you touched on AUD we discussed,in the last comments. Thanks again
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DCThanks for this overview. I have reservations about pulling the trigger on Lennar given potential business in Houston given Hurricane Harvey damage, and possibly Florida as well. Any thoughts?
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ASHello Dave, thanks for the video, trade on USD/CAD played out as you stated. However, any thoughts on GBP/CAD going forward?
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NKThank you for your time
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CSWhat way would you trade say AUDUSD Dave (getting positve carry)? Wouldnt be spot would it? (Im not too sophisticated : / Also, if you expect AUD to better USD, and NZD to better AUD, why dont you buy NZD v USD instead v AUD?
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DFSteve A - rate differentials are simply the difference between the prevailing interest rates of 2 countries/currencies. You either have a positive carry or negative carry when FX trading.
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DFDavid R....DXC bottom? Perhaps, but I would view it as shorter-term in nature with 92.78-94.00 upside
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DFDavid R....re: China manipulation? Who knows...maybe; maybe not. I am relying on more objective data like previous price action, correlations and various quantitative measures. All of those suggest higher copper prices, thus higher AUD/USD prices. Perfect? Of course not but would rather base my view on data versus speculation.
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DROn Friday we finally backfilled the big gap-up in the dollar index from the 2015 opening at 9108. DXY cycle bottom? Euro top? Possibly.
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DRChina manipulation/stimulation of its economy this year for its party congress in October is the leading cause of those higher copper prices. So watch for the copper (and crude) markets to top & then reverse, as China is the world's biggest consumer of copper, crude & metals. Inventories of both copper and crude are large. Oversupplied. NOT bullish. Copper being toppy => AUD is toppy.
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fTWhat's an interest rate differential
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JSDave, any thoughts on MUX? thx
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SJPlease consider an analysis of QQQ. Look forward to your charts every month.
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EHOverall real good video. I do enjoy how you cover a vast amount of trades. Keep them coming!
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DFThanks Andrew F
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DFDaniel J - pips? The universal measurement in FX trading....I am not following you.
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AFThanks Dave. Insightful and clear as always.
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DJWhenever he says pips, he loses me. Not comparing currencies in base terms......well well
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DFKelly A....thanks - that is exactly how I aim to come across. Stand out in an industry full of chest beating and opaqueness.... Thankfully RVTV provides the platform....
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KADave, as always, i love your clarity, humility --and willingness to respond quickly to our questions. Awesome. Thank you
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DFAUD/USD has not exactly 'blistered' higher after the thrust from the triangle. Ideally that would have happened. Nonetheless, I/we remain long and will take our cues from the metals markets and to a lesser degree the Dollar Index (DXC)
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DFHey Jon....I have not added to NGD....have a pretty chunky position already. Maybe add some calls....I dunno. Regardless, I am VERY happy with price action.
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JSHi Dave. What are your thoughts on NGD now that it appears to be breaking out with volume. I got smacked down in January, but reloaded in July.
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DFEUR/GBP spiked higher this AM.....but prices are retracing those gains....shorts still look valid. Looking to add/replace