Aspen Trading

Published on
June 26th, 2016
Topic
Trading, Technical Analysis, Brexit
Duration
37 minutes
Asset class
Currencies, Equities, Bonds/Rates/Credit

Aspen Trading

·
Featuring Dave Floyd

Published on: June 26th, 2016 • Duration: 37 minutes • Asset Class: Currencies, Equities, Bonds/Rates/Credit • Topic: Trading, Technical Analysis, Brexit

Dave Floyd takes a look at the currencies he feels will be most volatile and picks his key levels. He also gives updated assessments of oil, gold and the S&P500.

Comments

  • TP
    Trevor P.
    27 June 2016 @ 14:42
    Thanks Dave for presenting clear technical analysis. Love it!
  • DW
    Daniel W.
    27 June 2016 @ 14:48
    Loved it Dave, as usual. You may have mentioned this in a previous video, is there a rule of thumb where you put your stops?
  • JP
    Jeronimo P.
    27 June 2016 @ 14:59
    I love the 2x play speed option Realvision have put in the top left corner. So handy, and you'd be surprised how much you can retain at that speed. Good stuff.
  • DF
    Dave F. | Contributor
    27 June 2016 @ 15:05
    Hi Daniel - stops are nearly always based on Elliott Wave/Fib levels that would suggest the basis for the trade is no longer valid.
  • DF
    Dave F. | Contributor
    27 June 2016 @ 15:05
    Thanks Trevor - glad you enjoyed the video
  • NL
    Nikita L.
    27 June 2016 @ 17:07
    Much needed view from the technical side, Thanks Dave!!
  • BB
    Bill B.
    27 June 2016 @ 17:21
    How do I learn Elliott Wave and what is a good charting program? Watching your videos is like listening to someone that is speaking in a foreign language 70% of the time.
  • DF
    Dave F. | Contributor
    27 June 2016 @ 17:25
    Thanks Nikita - appreciate the kind words
  • DF
    Dave F. | Contributor
    27 June 2016 @ 17:28
    Hi Bill - Elliott can be a bit much at first, but like any skill, becomes easier with time. 2 Resources: Charting - Motive Wave: http://www.motivewave.com/?af=3780006&c=ASPENPUB Book: Dynamic Trading by Robert Miner or this PDF by Robert Balan http://www.traders-software.com/Trading%20Books/Robert%20Balan%20-%20Elliott%20Wave%20Principle%20Applied%20to%20the%20FOREX/
  • tW
    tgwtom W.
    27 June 2016 @ 17:41
    Love your general strong opinion commentary in addition to the specific technical.
  • EL
    Elizabeth L.
    27 June 2016 @ 17:54
    Once again invaluable, Dave. Especially want to say thanks for your comments on investing the retirement portfolio. Really spoke to me.
  • CP
    Charles P.
    27 June 2016 @ 18:05
    Thanks, Dave. Love the analysis always, especially now with the heightened volatility.
  • DF
    Dave F. | Contributor
    27 June 2016 @ 18:06
    That is great to hear Elizabeth - glad the analysis was helpful.
  • DF
    Dave F. | Contributor
    27 June 2016 @ 18:23
    You're welcome Charles...
  • Jw
    J w.
    27 June 2016 @ 19:20
    This is great. Please do much more often. I really look forward to these. Thanks.
  • LA
    Linda A.
    27 June 2016 @ 19:32
    Excellent analysis & commentary Dave! I am in some of the same trades: ka-ching. I should've stayed in my vrx short from 119 but closed out at 83 last year (could not stomach the volatility) I should've re-shorted - ugh...
  • BL
    Bruce L.
    27 June 2016 @ 20:38
    Your mouth to God's ears on better trading environment.
  • MM
    M. M.
    27 June 2016 @ 20:43
    Got a phishing alert on the pdf link mentioned above of Richard Balan... One question: whats the best provider of charting data going back eg. 40 years?
  • PK
    Paul K.
    27 June 2016 @ 21:56
    Thanks Dave. Great analysis - always look forward to it.
  • SP
    Steve P.
    27 June 2016 @ 22:47
    Dave Simple concise analysis of a few strong trading ideas that doesn't confuse the less able among us. The overall trends are what count and you cover the short to intermediate time frames for these trends in a confidence boosting manner. An invaluable service. Thanks a mill.
  • DP
    Damon P.
    27 June 2016 @ 22:53
    Great session, thanks. Would you please elaborate on the structure of the BWX option position? Thanks again.
  • DF
    Dave F. | Contributor
    27 June 2016 @ 23:18
    M.M. - I don't know about that - if you search for Robert Balan and Elliott Wave you will find it at some point - is is out there
  • DF
    Dave F. | Contributor
    27 June 2016 @ 23:19
    Hi Damon - I can't get too into the structure here as it is a trade my clients on both the research and asset management side have in place. I trust you understand.
  • DF
    Dave F. | Contributor
    27 June 2016 @ 23:21
    Thanks Steve and Paul - glad they videos are helpful. And JW - we are looking at having more frequency on my videos - certainly let the gang at RVTV know - they love and pay attention to all feedback.
  • JK
    James K.
    28 June 2016 @ 01:18
    Dave, Thanks for your prompt Brexit response. I get the sense since you are long both the dollar and gold, that you, like I, do not place much reliance on gold as the "anti-dollar" but rather gold as an independent currency. Have you performed any correlation studies on gold vs dollar to quantify the correlation as a function of world events? James Kobus
  • JF
    Jonathan F.
    28 June 2016 @ 02:35
    FYI NGD has hedged its gold, buying $1200 puts and selling $1400 calls against nearly its entire output. If gold tops $1400, NGD could sell off or stagnate compared to other miners.
  • TE
    Thomas E.
    28 June 2016 @ 03:10
    to M.M. here is a link for that PDF Dave spoke of: http://www.pdf-archive.com/2015/06/23/balan-robert-elliott-wave-principle-forex-1/
  • MM
    M. M.
    28 June 2016 @ 06:39
    Thank you Thomas E. for the safe link :)
  • DK
    Dimitris K.
    28 June 2016 @ 06:57
    Hi Dave, You did mention that you choose not to fight the FED in relation to going short the SPX. Nevertheless, going short the BWX, seems to me that you choose to fight the ECB.
  • DH
    Dale H.
    28 June 2016 @ 10:42
    Thanks Dave. Really great.
  • RM
    Ryan M.
    28 June 2016 @ 12:47
    One of the best videos Dave has given. And as usual, it's not because Dave points to certain assets. If you're hunting for nuggets and tips, you've already lost. It's the whole framework you've got to pay attention to. His blend of the bigger picture with the TA, not concerned with calling tops or bottoms, scaling into a trade, raising stop loss to a risk free position when winning, assessing reward vs risk and the ability to think independently. It was all there. Wonderful.
  • DF
    Dave F. | Contributor
    28 June 2016 @ 13:16
    Ryan - thank you very much for the kind words.
  • DF
    Dave F. | Contributor
    28 June 2016 @ 13:21
    Dimitris - thanks for the question. By and large fighting trends, The Fed or any other 'force' larger than yourself is a fools game. However, there are times when you might get a sense that the tide is shifting. I sense that here and have the position structured in a way that has limited risk with a very solid payoff if correct.
  • NH
    Nigel H.
    28 June 2016 @ 13:41
    Thanks a lot Dave for the Brexit update.
  • DJ
    David J.
    28 June 2016 @ 13:44
    Would love your perspective on CADxUSD thx dave
  • DF
    Dave F. | Contributor
    28 June 2016 @ 13:45
    David J - sadly I have nothing on USD/CAD - don't follow it.
  • DF
    Dave F. | Contributor
    28 June 2016 @ 13:48
    What I would say is that if you agree with my assessment that USD (Dollar Index) is going higher - then you know where USD/CAD is going......higher.
  • DF
    Dave F. | Contributor
    28 June 2016 @ 13:48
    That is the beauty of using DXC as a broad view - it tells you generally where FX pairs are heading directionally
  • ii
    ida i.
    28 June 2016 @ 14:12
    THANK YOU FOR YOUR LAST WORDS DAVE!! I HOPE SO
  • DF
    Dave F. | Contributor
    28 June 2016 @ 14:24
    Some updates since the RVTV video you just watched: http://www.aspentrading.com/live-trading-analysis-june-28-2016-recording/
  • JF
    Jonathan F.
    28 June 2016 @ 15:05
    Dave, during the two days since your video, NGD has had some pretty dramatic moves. Does any of that call into question the breakout?
  • MM
    M. M.
    28 June 2016 @ 18:48
    HI Dave, I was wondering what is your favourite Wave to trade. And what would you recommend a beginning EW trader to start with? Tia!
  • MB
    Michiel B.
    28 June 2016 @ 18:51
    Thanks Dave for another great video!
  • SC
    Stephen C.
    29 June 2016 @ 02:55
    Thanks Dave. I appreciated the technical insight and the passion, you kept me engaged! Good words at the end. Cheers, Chaps
  • TH
    Timo H.
    29 June 2016 @ 05:57
    Good stuff, as always. I have to remind myself on a daily basis that I'm paying only a dollar per day about this content. (In comparison, you get 10 minutes of parking time in downtown Helsinki for an Euro)
  • AB
    Alain B.
    29 June 2016 @ 13:01
    Dave, this is your best on RV, I feel you are speaking your mind, keep it up! thank you for your honesty.
  • DF
    Dave F. | Contributor
    29 June 2016 @ 13:37
    Thanks Alain - really appreciate the kind words
  • DF
    Dave F. | Contributor
    29 June 2016 @ 13:38
    Timo - excellent points in terms of what $1 will get you. BTW - love Helsinki - fun city
  • DF
    Dave F. | Contributor
    29 June 2016 @ 13:41
    MM - thanks for the comment/question. A good resource for EW is Dynamic Trading by Robert Miner as well as MotiveWave charting software. http://www.motivewave.com/?af=3780006&c=ASPENPUB You can also scroll through the comments here for the link to a really good EW PDF by Robert Balan
  • DF
    Dave F. | Contributor
    29 June 2016 @ 13:41
    Jonathan - the volatility in NGD does not change my view/outlook - I remain bullish
  • LA
    Linda A.
    29 June 2016 @ 15:21
    Hey Dave, SLV breaking out to new highs. We may have a catch up trade to GLD.
  • CL
    Chewy L.
    29 June 2016 @ 16:17
    Dave and Peter Brandt do an excellent job in TA.thanks very much. Love seeing their periodic segments or whenever situation calls for
  • VP
    Vincent P.
    29 June 2016 @ 19:35
    Those Drag Queens are still on the job!
  • SM
    Sayit M.
    30 June 2016 @ 04:41
    Great Video... Very Informative.
  • CM
    Catherine M.
    30 June 2016 @ 18:42
    Another fantastic video, Dave. Yourself and Peter Brandt are my favourates when it coms to making technical analyses of macro trends comprehensible, interesting and useful to professional and non-professional invrestors alike. Huge insight provided in your comments about maybe now getting back proper 'price-discovery' markets.... only on realvision!
  • FR
    Fields R.
    30 June 2016 @ 22:51
    Do you have an opinion on the Russian roulette?
  • MZ
    Mike Z.
    1 July 2016 @ 01:52
    Nothing special as far as I am concerned. Seems like you are a price chaser, Dave. I don't know much about Elliott Wave, seems like nothing but a mathematical indicator, therefore a lagging indicator.
  • DF
    Dave F. | Contributor
    1 July 2016 @ 13:08
    Thanks for the comment Mike Z.....although I would respectfully disagree. Perhaps you can share your approach that would not be lagging in terms of the conclusions it draws?
  • JW
    Julie W.
    1 July 2016 @ 18:57
    Great commentary, thank you
  • BB
    Brian B.
    1 July 2016 @ 23:22
    Great presentation Dave. NGD closed today at 4.75. I've been in and out once. If you were to put that trade on for the first time now what would your stop be keeping in mind the volatility and having the view that this is a long term trade as gold looks to continue higher?
  • AS
    Amit S.
    2 July 2016 @ 10:26
    I am surprised that nobody at RV has given any serious commentary on the Brazilian Real or Brazilian asset prices? Dave, does going long on BRL at these levels make sense?
  • WM
    Will M.
    2 July 2016 @ 17:42
    Love your comments on experience of fund managers today!! Independent shout from folks like you, Michael Lewitt and of course Raoul and Grant must be closely watched to have any chance of saving wealth and maybe making some on top!
  • EM
    Ewan M.
    3 July 2016 @ 04:42
    Thanks Dave. I'm still short oil for the long haul :)
  • ML
    Mohammad L.
    5 July 2016 @ 05:57
    Excellent. Thank you.
  • CC
    Carl C.
    10 July 2016 @ 19:08
    Does anyone have an actual concrete analysis that demonstrates EWT and/or FIB are any more statistically significant methods of trading than coin tossing or random selection? Three minutes into this monetized content I'm seeing much of the same theory that permeates the free and public internet. I am looking for better insights than this.
  • GT
    Graham T.
    12 July 2016 @ 14:34
    Agree or disagree , at the end of the day Dave has Balls
  • MD
    Michael D.
    25 July 2016 @ 23:01
    Dave - Are you still bullish GLD / NGD in the near term? Tough week. Any stops set up for these? Seems higher gold trend (in the short time) may break soon. Thanks!

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