Comments
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DFMatt S.....nope, not dead. Had an amazing time on Orcas Island for my birthday...wow. However, if you are referring to the 'free' email that Aspen sends out roughly every other week you should have received something by now
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MSDave, have you died? Last I heard you were going off for a 50th birthday celebration and I've not received one single email from Aspen ever since! What happened?
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bdAlso would going long TMV be a similar but more leveraged trade than TBT or are they different animals? Thanks Dave
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bdHi Dave In the recap you mention a further trade on TBT but didnt elaborate on it later. Could you asvise your thoughts on a entry/exit point please.
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DFYou are welcome Bob B.....
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DFThanks Douglas B.....great to hear. Did you check out the 6 part Technical Analysis Series I did here at RVTV? Use the search to get the URL.
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DFHi Rory - it is not a 'time' related question, it is a matter of when ones thesis is proven wrong or your stop-loss is hit.
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RRRegarding TBT: How long is too long to hold a short ETF? Thanks for your insight.
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DFHi Simon, Thanks for reaching out. We are long AUD/JPY and were long (not short as you noted) EUR/NZD but closed it based on the move below 1.5720 No feel on AUD/NZD been basing here for months and has been tough to snag to the upside. I am watching AUD/USD too and will be advising clients accordingly. Take care, Dave
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DBThanks Dave. New to technical analysis, o picking up as many tidbits as I can.
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BBDave, Thanks for your analysis!
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DFI will be out of town for the next few days so any questions after tonight (Thursday evening) will get addressed next Wednesday. Enjoy the weekend.
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DFMike W, Thanks for the question. The S&P's and AUD/JPT or XXX/JPY are typically considered 'risk on' plays. Not always of course as correlations are always in flux. In fact, S&P 500 vs AUD/JPY has not correlated very well in recent months - but will still get dragged higher if the S&P's move higher, which is what I forecast in the video and thus far it is working.
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STThanks Dave, great wrap. You have talked about LONG AUDJPY & SHORT EURNZD would you look at AUDNZD long as an extension of this trade or stick to the individual pairs and setup's ? Also really interested in the AUDUSD. Thanks
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SCI was stopped out in the EUR/NZD as well, Dave. I'm not sure about a long as of now, but I do like the GBP/USD and GBP/NZD longs for two reasons: 1. GBP broke a corrective downtrend channel today and 2. NZD has an extreme long specs/short comm. After today's selling tail in NZD/USD, I'm inclined to be short at least short term especially going along with your DX oversold commentary. What are your thoughts?
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DFGood morning. A couple of updates: AUD/JPY and S&P's moving higher.....EUR/NZD however broke below 1.5720 yesterday thus invalidating the analysis I did in the video.
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MWHi David Thanks for the update. I had no idea audjpy was tightly correlated to the S
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DFHi Daniel - thanks for the comments/questions. It really depends on what you are looking to accomplish....better chart reader, better macro understanding....? Lot's to consider so no way for me to answer without more specifics. I would tell you to avoid nearly ALL training/trader education programs. It's real simple, if they are so good, why aren't they publishing research or managing money with a public track record. I rest my case. Trading proficiency is a journey....get specific on what you are looking to do and I can possibly point you in a few directions.
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DSHi David, great conversation and video. I have studied almost all of your work on RV. As a new trader, to get a better understanding of the FX markets, would you make a recommendation on any books or material. Maybe even a quality blog or reputable training program. All the best.
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DFThanks David S.....greatly appreciated
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DSThanks, Professionally done. I am not a trader, but enjoy your presentations. DLS