Timing the Dollar Correction – Dave Floyd
Featuring Dave Floyd
Published on: December 7th, 2016 • Duration: 10 minutes • Asset Class: Currencies • Topic: Technical Analysis, US Dollar
Regular contributor Dave Floyd from Aspen Trading graces the Real Vision TV screen for his final presentation of 2016, with his usual mix of chart heavy technical analysis and trading ideas, this time concentrating on the outlook for the dollar against the major currencies. Get your positions set for 2017 with Dave’s popular commentary.Comments
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PPEven though I'm not a short term trader, I really love these videos so much so I had a little dabble and made some good profit.. great work
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JCer did I say 116 meant 118 (!) as of today sorry
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JCDave your predictions looking pretty good as of today post the Fed decision! Yen now at 116, Euro at 104 - I'm going to keep riding UUP and EUO for awhile but would be interesting to know at what levels you think we should start taking profits. Thanks!
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KHgreat! looking forward to the series on technical analysis
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meAh, never mind saw MotiveWave below. Thank YOu!
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meVery interesting and great charts. What charting software do you utilize?
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WMDave great videos! Like others below would have loved to have heard your late opinions on gold though!
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SWI was about to email RV and ask for a series of beginner videos on TA etc. Cant wait.
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ALHi Dave, You're a great contributor to RVTV. Thanks for all that you do! I'm really looking forward the technical analysis video series. Merry Christmas to you and yours!
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ALHi Dave, You're a great contributor to RVTV. Thanks for all that you do! I'm really looking forward the technical analysis video series. Merry Christmas to you and yours!
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DFThanks Bill - lemme guess this is 'Aspen client Bill from Aspen CO'? Agreed on your comment - if you can't take any value from the my forecasts - not sure what to tell you - maybe you are trying to hard or merely looking for the 'Trade of The Day' which of course is a nice concept but not realistic
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DFHi Phillip - I use MotiveWave for my charting platform. http://www.motivewave.com/?af=3780006&c=ASPENPUB My data feed is DTN IQ - from there I can take in various FX data feeds, Saxo, FXCM etc etc
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wcDave F- Thanks for the analysis as always. Great insights. Anybody not grateful is crazed. Happy Holidays. Enjoy. Bill C
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DFThere goes the 100.58 level in DXC - looks like a solid rally getting underway into 2017. EUR/USD dropping hard, USD/SGD rallying hard.....hope RVTV viewers built some positions ahead of this move.
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O_always enjoy your videos. would be interested in your take on gold. also cool shirt
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dmWith the big moves in the gold market since the election are you still thinking we are in a bull market and still holding New Gold for the long term ?
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T~Awesome. Appreciate the timeliness and the insight into the dollar. Looking forward to a teaching / explanation based set of videos. May never trade currency but learning more will allow me to become better informed. Great work.
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PDWhat's the platform/software displaying the charts?I noticed two different brokers (Saxo & Fxcm) displayed through the same software.
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PDGood to finally have some education on TA.
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FBLooking forward to the series! Thanks Dave for being open to share your expertise. On a different note could you make a comment about the support level of Cocoa and Coffee please? They are at interesting points.
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DRCurious about your view on NGD since last month?
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SRMerry Christmas and Happy New Year, Dave! Many thanks for the great analysis.
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SCDave, I found an interesting setup in USD/ZAR I thought you might be interested in. It's been a steep rally over the course of the last few years, but we've had a 38.2% retracement into the daily chart uptrend line. We also have a downtrend line connecting the 1/20/16 high with the 5/19 high and an ABC zigzag where wave A = Wave C. What do you think about trading this on the long side?
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RRAsk him to stop making that noise with his mouth.
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CVDave, I am looking forward to the upcoming technical analysis series. Thank you for being so generous with the information you provide. - Cesar
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DFHi Jin, Christine will be happy to hear that - she picked that shirt out for me....she keeps me stylish and well taken care of.
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CLCan we have a similar analysis in gold and miners in January? Great video and that shirt really spiced up the visuals!
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SSno comment
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DFRaitis and Daniel - looking forward to getting those videos out in early January. Filming them over the next 2 weeks.
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DFThanks Vincent P
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DFS&P 500 forecast (from Dec 5th) https://twitter.com/aspentrading10/status/806569589886877697/photo/1
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RKWould like to hear Dave's take on scaling in and out of positions, position sizing and risk management, but I guess I'll have to wait for the technical analysis series...argh
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DMExcited as hell to see what he's putting together for the training series!
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VPNice job Dave and a belated congratulations on that "TBT" trade! Vinnie
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SBGreat analysis, David - most of which makes sense. Look forward to your views in 2017!
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DFJoe S - a bullish DXC, which is what I am expecting once this completion is correct, pulls USD/CNH higher. Kinda like the S&P's - if you get that forecast right, you know whether to be long or short stocks in general. Use DXC the same way
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DFThanks Linda - humility is a required trait to be a successful trader IMO
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DFThanks James M.....a great Christmas to you and your family as well.
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LADave, thank u! Love your videos and humility. Merry Christmas!
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bfGreat video (as usual), the economist themselves discussed the contrarian calls on their covers: http://www.economist.com/blogs/buttonwood/2016/10/investing. A study found that it is contrarian 53% of the time after 6 months and 68% after a year but that is for all asset classes (especially equities), for currencies the relationship is mixed (but works better short term).
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DFGood morning RI....I am not following you in terms of your comments about 'no actionable items'. There were 4 actionable items described - all relating to a resumption of the move higher in DXC. Shorts in EUR/USD, longs in USD/JPY, USD/SGD and EUR/GBP. Regarding USO - the daily chart is a mess - nothing to say other than, sit on your hands. Have a great holiday season and thanks for watching the videos.
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RIDave's videos are great because they typically contain insightful as well as actionable perspectives. I wish I could say the same about this one as it didn't cover much ground. For example, I would have appreciated a follow-up on his prior video's USO outlook, especially given volatility around potential OPEC cuts.
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JSnice video What about "$ vs yuan" and "$ vs Australasian". Joe Salacuse, Flint, MI
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TMThanks so much Dave. Hope you and your Family have a great Christmas and Festive period. :)
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TMThanks so much Dave. Hope you and your Family have a great Christmas and Festive period. :)
