Cutting Out the Noise in Volatile Markets

Featuring Dave Floyd

Dave Floyd is back with the Aspen Trading monthly update, to recap his July calls and set up for what he expects to be a volatile period for markets. While Dave is forecasting some choppy moves for the S&P, he has a range of currency positions in play, as well as the opportunity to trade around the upward swing in gold. Filmed on September 5, 2017.

Published on
7 September, 2017
Topic
Trading, Technical Analysis
Duration
22 minutes
Rating
26

Comments

  • DF

    Dave F.

    29 9 2017 21:08

    1       0

    Thanks PD S.

  • PS

    PD S.

    17 9 2017 02:29

    1       0

    great job as always dave. :) (y)

  • JN

    Jill N.

    16 9 2017 23:09

    0       0

    Any concerns on recent gold pullback Dave ? Thanks

  • DC

    Dave C.

    16 9 2017 15:41

    1       0

    Kudos on your EUR/GBP & AUD/NZD analysis: strong moves last week. Thank You for making me more attentive to them.

  • DF

    Dave F.

    12 9 2017 12:28

    1       0

    Oddly 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.

  • DF

    Dave F.

    12 9 2017 02:43

    1       1

    Hot M....NZD/USD is also a possible long set-up - but as a stand alone - not as a substitute.

  • DF

    Dave F.

    12 9 2017 02:41

    0       0

    Hi Amit - I don't track GBP/CAD....sorry

  • DF

    Dave F.

    12 9 2017 02:41

    1       0

    Hi 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.

  • ST

    Simon T.

    11 9 2017 08:23

    0       0

    Nice work Dave, thanks. Is Pretcher the go too on EW? Glad you touched on AUD we discussed,in the last comments. Thanks again

  • AS

    Amit S.

    10 9 2017 15:11

    0       0

    Hello Dave, thanks for the video, trade on USD/CAD played out as you stated. However, any thoughts on GBP/CAD going forward?

  • NK

    Nicholas K.

    10 9 2017 12:50

    0       0

    Thank you for your time

  • CS

    C S.

    10 9 2017 11:26

    1       0

    What 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?

  • DF

    Dave F.

    10 9 2017 04:07

    3       1

    Dave 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.

  • DF

    Dave F.

    10 9 2017 04:04

    1       0

    Steve 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.

  • DF

    Dave F.

    10 9 2017 04:03

    0       0

    David R....DXC bottom? Perhaps, but I would view it as shorter-term in nature with 92.78-94.00 upside

  • DF

    Dave F.

    10 9 2017 04:00

    1       0

    David 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.

  • DR

    David R.

    9 9 2017 20:43

    1       0

    On Friday we finally backfilled the big gap-up in the dollar index from the 2015 opening at 9108. DXY cycle bottom? Euro top? Possibly.

  • DR

    David R.

    9 9 2017 20:42

    4       0

    China 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.

  • fT

    forecast T.

    9 9 2017 15:31

    0       0

    What's an interest rate differential

  • DC

    Dave C.

    9 9 2017 13:25

    2       0

    Thanks 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?

  • SJ

    Sy J.

    9 9 2017 12:57

    1       0

    Please consider an analysis of QQQ. Look forward to your charts every month.

  • EH

    Edwin H.

    8 9 2017 16:56

    5       0

    Overall real good video. I do enjoy how you cover a vast amount of trades. Keep them coming!

  • DF

    Dave F.

    8 9 2017 15:54

    0       0

    Thanks Andrew F

  • DF

    Dave F.

    8 9 2017 15:54

    2       0

    Daniel J - pips? The universal measurement in FX trading....I am not following you.

  • AF

    Andrew F.

    8 9 2017 15:52

    0       0

    Thanks Dave. Insightful and clear as always.

  • JS

    Jon S.

    8 9 2017 15:52

    1       0

    Dave, any thoughts on MUX? thx

  • dj

    daniel j.

    8 9 2017 14:42

    0       0

    Whenever he says pips, he loses me. Not comparing currencies in base terms......well well

  • DF

    Dave F.

    8 9 2017 02:51

    11       0

    Kelly 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....

  • KA

    Kelly A.

    7 9 2017 21:50

    8       0

    Dave, as always, i love your clarity, humility --and willingness to respond quickly to our questions. Awesome. Thank you

  • DF

    Dave F.

    7 9 2017 15:44

    6       0

    AUD/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)

  • DF

    Dave F.

    7 9 2017 15:26

    3       1

    Hey 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.

  • JS

    Jon S.

    7 9 2017 15:07

    1       0

    Hi 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.

  • DF

    Dave F.

    7 9 2017 14:58

    3       0

    EUR/GBP spiked higher this AM.....but prices are retracing those gains....shorts still look valid. Looking to add/replace