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Dave Floyd replied Mar 27, 2012Wow, stop-loss is way too tight imo - factor in the smaller degree count (60-min) and this pull-back in AUD/USD as well as the S&P's could dip further and the count would still be valid. What is the technical relevance of 1.0470 in terms of why that ...
Robert Miner's Dynamic Trading learning journal
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Dave Floyd replied Mar 27, 2012Thanks - what we do is not complicated, it just takes time - gee what a shocker, a little hard work! Read through the thread and you will start to understand the process. Bark Marek - our Director of client Education does a lot of intro webinars (no ...
Robert Miner's Dynamic Trading learning journal
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Dave Floyd replied Mar 27, 2012You can always count on my trusty biz partner Todd to dress all nice for the CNBC cameras and offer some solid technical perspectives: url
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 27, 2012I see where you are going with this - however, the dominant trend is certainly higher and that is tough to fight. We too are expecting a pull-back in the S&P's as prices approach the 1426/50 resistance zone - but we are more interested in buying ...
Robert Miner's Dynamic Trading learning journal
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Dave Floyd replied Mar 27, 2012AUD & S&P's Due For A Pause — A solid showing yesterday in risk related assets and while we expect that overall bullish tone to continue in the days/weeks ahead, the near-term suggests a correction could be in the cards. We see the ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 26, 2012USD/NOK - modest correction higher in the cards — Here is a good example of using smaller degree waves to fine tune places to take profits and better anticipate corrections. I booked partial profits into the NY close and will certainly look to ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 26, 2012Here is a good example of using smaller degree waves to fine tune places to take profits and better anticipate corrections. I booked partial profits into the NY close and will certainly look to add back on it on a push towards 5.7000/5.7200 image
Robert Miner's Dynamic Trading learning journal
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Dave Floyd replied Mar 26, 2012Here was the count for the S&P I posted in another thread here at FF this AM ( url ) - we still see higher levels based on this. image Also posted this too which has played out well thus far: image
Robert Miner's Dynamic Trading learning journal
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Dave Floyd replied Mar 26, 2012Good follow-through lower in USD/NOK since the posting this AM and with prices getting towards a projected Fib target level around 5.6565 - it is reasonable to expect some minor correction higher - will consider adding to the position of any rallies. ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 26, 2012Are You Positioned For The Rally? — Purely from a technical standpoint, the market does seem poised to resume the trend higher - the short we established on Friday in USD/MXN is a solid way to play this scenario. We will also keep an eye on ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 26, 2012Well dropping your time frame to monitor lesser degree waves will not improve your risk/reward ratio per se - a 5-min chart vs. a 60-min chart does not alter risk/reward - all it does is allow the trader to be more pro-active in managing and ...
Robert Miner's Dynamic Trading learning journal
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Dave Floyd replied Mar 21, 2012This Market Requires Patience — Good morning traders. I am not going to attempt to ramble on this AM and fill this spot with summaries of overnight news stories or longer-term macro thoughts - largely speaking that type of commentary does not ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 21, 2012Following up on the above posting from earlier regarding IMM positioning (long USD/JPY), I just came across another interesting statistic: At readings of similar size (i.e. # of long USD/JPY positions) there has been only once instance in the last ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 21, 2012Lithium1 - I stand behind Miners work 100% - well written book that offers many solid approaches to trading. Will agree his EW is a bit too simple and that is a shortcoming. My observation from what you posted is that your stops are WAY TOO tight - ...
Robert Miner's Dynamic Trading learning journal
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Dave Floyd replied Mar 20, 2012Is This Trade Getting Crowded? — While the markets continue to debate the merit/legitimacy of the USD/JPY move higher, let's add one piece of data that certainly is worth noting: IMM Commitment of Traders Report. This report measures positions ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 15, 2012What Does Jimmy Buffett Have in Common With FX? — Traders - Unfortunately my CNBC hit for today was changed from the Half Time Report at 12:30 PM EST to the afternoon show at 5:00 PM EST. Sorry for the inconvenience of having to adjust your ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 15, 2012Has AUD/USD Finally Found A Bottom? — Good morning traders. The complete disconnect in recent weeks between AUD and risk assets in general has been stunning. Is this merely a shake-out of the weak handed 'carry traders' or has the dynamic ...
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 14, 2012EUR/JPY Trade Update — Traders - for those of you who caught my biz partner Todd Gordon on CNBC's Money in Motion last Friday discussing a long in EUR/JPY - here is the update on that trade... http://www.screencast.com/t/xlRfa8LHO7
FX Analysis: The IPA Trade Methodology
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Dave Floyd replied Mar 14, 2012Norges Bank Decision = Long NOK/SEK? — All focus is on Norges Bank meeting at 9:00 EST. The expectation is for a lower rate path though risk is that they say nothing on rates and continue to just verbally intervene against NOK strength. With ...
FX Analysis: The IPA Trade Methodology