Timing the Dollar Correction – Dave Floyd

Featuring Dave Floyd

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.

Published on
7 December, 2016
Topic
US Dollar, Technical Analysis
Duration
10 minutes
Asset class
Currencies
Rating
29

Comments

  • PP

    Philip P.

    17 12 2016 19:07

    1       0

    Even 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

  • JC

    John C.

    15 12 2016 19:25

    0       0

    er did I say 116 meant 118 (!) as of today sorry

  • JC

    John C.

    15 12 2016 19:23

    0       0

    Dave 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!

  • KH

    Kanwal H.

    15 12 2016 13:27

    3       0

    great! looking forward to the series on technical analysis

  • me

    mike e.

    11 12 2016 07:32

    0       0

    Ah, never mind saw MotiveWave below. Thank YOu!

  • me

    mike e.

    11 12 2016 07:30

    0       0

    Very interesting and great charts. What charting software do you utilize?

  • WM

    William M.

    9 12 2016 15:41

    1       1

    Dave great videos! Like others below would have loved to have heard your late opinions on gold though!

  • SW

    Steven W.

    8 12 2016 21:27

    0       0

    I was about to email RV and ask for a series of beginner videos on TA etc. Cant wait.

  • AL

    Anthony L.

    8 12 2016 19:49

    3       0

    Hi 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!

  • AL

    Anthony L.

    8 12 2016 19:49

    1       0

    Hi 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!

  • DF

    Dave F.

    8 12 2016 16:13

    2       0

    Thanks 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

  • DF

    Dave F.

    8 12 2016 16:11

    0       0

    Hi 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

  • wc

    william c.

    8 12 2016 15:55

    2       0

    Dave F- Thanks for the analysis as always. Great insights. Anybody not grateful is crazed. Happy Holidays. Enjoy. Bill C

  • DF

    Dave F.

    8 12 2016 13:44

    1       0

    There 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.

  • O_

    Oscar _.

    8 12 2016 13:43

    1       2

    always enjoy your videos. would be interested in your take on gold. also cool shirt

  • dm

    daryl m.

    8 12 2016 08:51

    5       0

    With 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 ?

  • T~

    Tshort63 ~.

    8 12 2016 07:06

    0       0

    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.

  • PD

    Philip D.

    8 12 2016 06:56

    0       0

    What's the platform/software displaying the charts?I noticed two different brokers (Saxo & Fxcm) displayed through the same software.

  • PD

    Philip D.

    8 12 2016 06:50

    0       0

    Good to finally have some education on TA.

  • FB

    Frank B.

    8 12 2016 05:40

    0       0

    Looking 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.

  • DR

    Doug R.

    8 12 2016 03:38

    3       0

    Curious about your view on NGD since last month?

  • SR

    Sean R.

    8 12 2016 03:31

    0       0

    Merry Christmas and Happy New Year, Dave! Many thanks for the great analysis.

  • SC

    Sean C.

    8 12 2016 01:14

    0       0

    Dave, 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?

  • RR

    Ronin R.

    8 12 2016 00:30

    0       10

    Ask him to stop making that noise with his mouth.

  • CV

    Cesar V.

    7 12 2016 21:58

    5       0

    Dave,

    I am looking forward to the upcoming technical analysis series. Thank you for being so generous with the information you provide.
    - Cesar

  • DF

    Dave F.

    7 12 2016 19:03

    6       0

    Hi Jin, Christine will be happy to hear that - she picked that shirt out for me....she keeps me stylish and well taken care of.

  • CL

    Chewy L.

    7 12 2016 19:00

    15       0

    Can we have a similar analysis in gold and miners in January? Great video and that shirt really spiced up the visuals!

  • SS

    Stewart S.

    7 12 2016 18:56

    0       0

    no comment

  • DF

    Dave F.

    7 12 2016 18:44

    4       0

    Raitis and Daniel - looking forward to getting those videos out in early January. Filming them over the next 2 weeks.

  • DF

    Dave F.

    7 12 2016 18:43

    0       0

    Thanks Vincent P

  • DF

    Dave F.

    7 12 2016 18:43

    1       0

    S&P 500 forecast (from Dec 5th) https://twitter.com/aspentrading10/status/806569589886877697/photo/1

  • RK

    Raitis K.

    7 12 2016 16:52

    6       0

    Would 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

  • DM

    Daniel M.

    7 12 2016 16:47

    5       0

    Excited as hell to see what he's putting together for the training series!

  • VP

    Vincent P.

    7 12 2016 16:09

    3       0

    Nice job Dave and a belated congratulations on that "TBT" trade! Vinnie

  • SB

    Sandeep B.

    7 12 2016 16:09

    0       0

    Great analysis, David - most of which makes sense. Look forward to your views in 2017!

  • DF

    Dave F.

    7 12 2016 15:37

    0       0

    Joe 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

  • DF

    Dave F.

    7 12 2016 15:34

    4       0

    Thanks Linda - humility is a required trait to be a successful trader IMO

  • DF

    Dave F.

    7 12 2016 15:34

    3       0

    Thanks James M.....a great Christmas to you and your family as well.

  • LA

    Linda A.

    7 12 2016 15:34

    3       0

    Dave, thank u! Love your videos and humility. Merry Christmas!

  • bf

    bart f.

    7 12 2016 14:55

    6       0

    Great 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).

  • DF

    Dave F.

    7 12 2016 14:53

    12       0

    Good 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.

  • RI

    R I.

    7 12 2016 14:43

    1       3

    Dave'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.

  • JS

    Joe S.

    7 12 2016 14:38

    1       0

    nice video What about "$ vs yuan" and "$ vs Australasian".

    Joe Salacuse, Flint, MI

  • TM

    The-First-James M.

    7 12 2016 14:31

    5       0

    Thanks so much Dave. Hope you and your Family have a great Christmas and Festive period. :)

  • TM

    The-First-James M.

    7 12 2016 14:31

    2       0

    Thanks so much Dave. Hope you and your Family have a great Christmas and Festive period. :)