GLD Update. I had discussed a GLD Bull Call spread in this video - it went south but is now coming back to life. GLD closing towards $121.50 by end of week will make it modestly profitable

Thanks Jay, Arthur and Kevin - appreciate the kind words

I feel this episode is thus far the best as compared to other past Dave's videos. Clearer depiction on the rationale behind each trade/non-trade, as well as how price levels are forecasted and derived

Your interviews just keep getting better. Thanks.

I find your way of presenting very value adding. I am not an EW trader, BUT you touched on being consistent in your process, being process oriented, and being mindful in regards to price action => Ty

....in terms of educating oneself about EW....check out my earlier responses.

Cyavash - thanks for the question. I will not likely do deep educational lessons on EW here at RVTV - my aim is to provide forecasts based on EW. I listed the resources in an earlier answer....

....lower levels overall that dovetails in with a likely move lower in the S&P's. However, this is my 'forecast' and no solid evidence of this playing out.....yet.

Hi Tom...thanks for the question. You picked a pair that is fiendish - as many colleagues call it - the 'eye gouger'. regardless, I do not track it to the pip,but my call generally is for....

Dave, would be very interested in your intermediate/long- term view on USD/JPY. Much appreciated...

Dave,
It looks like the SPX and gold are starting to roll over (dollar up). Is this a possible correlation and can it last a while in your opinion? Great presentation by the way.

Looking forward to future videos, but somewhat skeptical of EW. Hope Dave will define some of those Elliot Wave "rules," demonstrate how he applied, and why he thinks chose over other possible counts

Charley - random waves/fibs? Please - generalizations are of little help. Bad trade calls? Sure we all have them - I noticed you left out the other 70% that did work. Let's just deal with facts.

Dude is just drawing a bunch of random waves and fibs. I would just look at the past track record of recs. Buying puts on GS and IWM (whoops). "gold call spread up 25%"..prob down 50%+ today

Kudos to our curators Raoul and Grant for keeping Dave in the RV rotation.

The key here for new people to grasp is Dave's principles and discipline. The trader is slave to the market (not other way round). Cut losers; ride winners. Pre-determined entry/exit points etc.

Thanks for your prompt and clarifying feedback Dave. Looking forward for your future videos.

Thanks Dave. I'm learning a lot. Very good examples.

....destined to lower the value of your trading account. Sadly none of us can impose our will on the markets.

Just an observation to share regarding current markets: markets are quiet across the board. If you are anxious and telling yourself 'that there has to be something going on somewhere' - you are....

Thanks Forest!

The Elliott Wave Principle and Dynamic Trading - both available on Amazon and other outlets

Well done Dave. Love the remark on not to fight the market, very insightful indeed. Couldn't quite find the book you mention though on Elliot Wave...

Thanks Dave, part of my continuing education program. I'm here to learn.

Fred - suggestions: Books: The Elliott Wave Principle & Dynamic Trading. For awesome EW software: MotiveWave is hands down the best out there http://www.motivewave.com/?af=3780006&c=ASPENPUB

Wow - Graham - thanks for the VERY kind words...appreciate that.

Dave - what is the best primer on Elliot Wave implementation, in your opinion?

a modern day jesse livemore. a super listen. this is what rv is all about

Elizabeth - thanks so much for the kind words - greatly appreciated.

Dave, your piece continues to be invaluable to me. Look forward to your further instruction on the "waves patterns" analysis.

Hi Justin - perplexing would be an understatement ;) Goofy market for sure in the age of free money bestowed upon the markets by the tenured professors at The Fed

....However, I am happy to share my Trade Ideas/Forecasts with all RVTV clients...I trust you understand

Hi Dimitris - thanks for the comment/question. At this point I am not providing updates on how I manage trades - that is something I do on behalf of my clients.....

Hi Dave, thanks for sharing your views. Nevertheless, I would like some more active feedback when you decide to early withdraw from a already initiated trade, i.e. Goldman

Great analysis as always. I agree with your bearish sentiment; the continued rally has been perplexing. Could price action be hinting that BOJ is ready to intervene and reignite the Yen carry trade?