Recent content by Dave Floyd

Given my background as a scalper in the equities market for eight years I am often asked if those same techniques are applicable to the FX market. First, it is important to define how one defines scalping. First, recalling my days as a floor/screen based trader of equities in the 90s the...

STRL's will now be posted in this forum on Monday's & Wednesday's between 2:30-3:00 PM PDT (21:30-22:00 GMT). Here is the link. If you want them everyday they are available via subscription. STRL's - valid through 5/10 at 21:00 GMT - video tutorial Dave

Signal service Given that I have been operating an FX service (research & signals) for nearly 3 years I can provide some insight. First, it is not easy, with all due respect to newer and even older traders, most lack the ability to focus and internalize information (i.e. the...

Chf/sek Yesterday we cited some macro reasons to be bearish on CHF/SEK - mainly due to widening interest rate differentials. The chart below highlights some technical attributes as well. We would probably want to see a break below 5.6128 before we were inclined to short CHF/SEK - stay tuned...

EUR/NOK - interesting short EUR/NOK - from a longer-term perspective (several weeks) is an interesting short. While from a technical standpoint it is a bit extended to the downside, it is nothing that is too serious. Where this cross makes for an interesting story is from the macro viewpoint...

STRL Follow-Up short video clip with tips on how to use the STRL's in your trading. Dave

STRL's Correct link to STRL's

Short-Term Reversal Levels (STRL's) As noted in a previous posting, I was away on business/pleasure for the last 3 weeks in Europe and the Middle East - so, my postings for the STRL's will resume effective today. I will post these perhaps 2 times per week, yet they are levels that are...

Some decent follow-through lower thus far Dave

GBP/JPY - set to trade lower? An aggressive trade, but one that has technical merit. Stops just above the 232.21 high. See chart. Dave

EUR/USD simply will not break to the upside, despite the move lower in the dollar. Luckily, USD/JPY played out as we had expected. GBP/USD - still a pair that is trading a bit odd. Dave

Asian FX Preview EUR/USD - we continue to see, from a short-term perspective, a move through 1.3200 towards the 1.3228 & 1.3300 level. Based on the 60-min chart, we are in wave 3 of 5 waves up so a pull-back towards 1.3160-75 cannot be ruled out, thus completing wave 4 GBP/USD - sterling...

AM FX Commentary Assuming that EUR/CHF remains a valid forecasting tool for the Dollar Index (DXC), we still see more upside in DXC. Currently EUR/CHF is on the verge of breaking above bear trend-line resistance at 1.6040-45. If this occurs, we will likely see further upside towards 1.6070 &...

AUD/USD Outlook The video clip seen below highlights our analysis currently on AUD/USD. We are beginning to sense that a long entry is at hand. Video Clip Launch FX Research Dave

Early Asian Trading Commentary The dollar (DXC) continues under pressure in early Asian trading and we would not be surprised to see DXC trade towards 83.50-65 over the next 12-hours, although it will not be a straight line lower. Naturally this will have an impact on the 'majors'. EUR/USD -...