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Aspenalysis: Simple To Follow FX Trade Ideas

  • #21
  • May 25, 2012 8:33am May 25, 2012 8:33am
Quoting Dave Floyd
Aspen Trading Group Nightly Video Update: Shorts in EUR/GBP

http://www.screencast.com/users/Aspe...6-d69bf8d2ce7b
Just following up on yesterday's EUR/GBP chart - prices did push higher in the overnight session but have since pushed solidly lower below the .8000 support level. A minor adjustment to the target 'zone' we now see that in the .7955/40 area.
  • #22
  • May 29, 2012 11:02am May 29, 2012 11:02am
Pretty basic:

http://www.aspentrading.com/uploaded...eur15minV1.png
  • #23
  • May 29, 2012 5:49pm May 29, 2012 5:49pm
Nightly Video: USD/NOK is our focus pair....

http://www.screencast.com/t/4KmgHcd9
  • #24
  • May 30, 2012 10:05am May 30, 2012 10:05am
Quoting Dave Floyd
Nightly Video: USD/NOK is our focus pair....

http://www.screencast.com/t/4KmgHcd9
Looking good this morning if you got long USD/NOK:

http://www.aspentrading.com/uploaded...12nok15min.png
  • #25
  • May 31, 2012 9:07am May 31, 2012 9:07am
Quoting Dave Floyd
Looking good this morning if you got long USD/NOK:

http://www.aspentrading.com/uploaded...12nok15min.png
Still looking good - I adjusted the count a bit to reflect the overnight pull-back as Wave (ii) - plenty of upside to work with here:

http://www.aspentrading.com/uploaded...31.12nok30.png
  • #26
  • Edited 10:02am Jun 5, 2012 10:01am | Edited 10:02am
Longs in USD/CHF? Technically it is solid - just pay close attention to the S&P's as a more robust rally could be unfolding - a more sustained rally in the S&P's would drive USD/CHF lower. That analysis is laid out in the video below:

http://www.aspentrading.com/uploaded....5.12chfTI.png

Video Analysis of the S&P's: http://www.screencast.com/t/f9CZyr4lUU2
  • #27
  • Jun 5, 2012 10:11am Jun 5, 2012 10:11am
Hi Dave,

Am curious, why is your trading clearly biased towards more exotic pairs rather than majors?

Thanks,
-soso
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #28
  • Jun 5, 2012 10:17am Jun 5, 2012 10:17am
Quoting soso
Hi Dave,

Am curious, why is your trading clearly biased towards more exotic pairs rather than majors?

Thanks,
-soso
Thanks for the question. We do not deliberately target any pairs - we base our selections on what pair or cross is best poised to move in conjunction with the other asset classes that drive/complement FX movements. Do we trade EUR/USD - sure - but by and large we have found more robust trades in recent weeks in other pairs and crosses. We share highlights of our research here so you only see a portion of what we do day in and day out.

In sum, it is all about filtering down what we feel is the most robust approach - staying rigid to one pair(s) is simply not practical. And in the end, who care what is traded - as long as it makes money!
  • #29
  • Jun 5, 2012 10:20am Jun 5, 2012 10:20am
Quoting Dave Floyd
In sum, it is all about filtering down what we feel is the most robust approach - staying rigid to one pair(s) is simply not practical. And in the end, who care what is traded - as long as it makes money!
You're right, thanks for the explanation!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #30
  • Jun 6, 2012 10:11am Jun 6, 2012 10:11am
Hey traders, I will be hosting a live webinar at Noon EST today (Wednesday) where I will discuss the implications of today's rally in the S&P's and how we position in FX as a result - register at the link below:

https://www3.gotomeeting.com/register/885937046
  • #31
  • Jun 12, 2012 6:14pm Jun 12, 2012 6:14pm
Nightly Video Update:

USD/CAD Long Positions?

http://www.screencast.com/t/DI2vHNMVm6
  • #32
  • Jun 13, 2012 9:37am Jun 13, 2012 9:37am
Where is the EUR/USD going from here? Join us tonight at 4 PM EST for a 30-minute presentation that unveils the day-to-day strategies and techniques that we use to make our forecasts.

Register Now!
  • #33
  • Jun 13, 2012 2:44pm Jun 13, 2012 2:44pm
Quoting Dave Floyd
Nightly Video Update:

USD/CAD Long Positions?

http://www.screencast.com/t/DI2vHNMVm6
Thus far yesterday's analysis is playing out well - albeit slowly. Another1+% drop in oil prices certainly adds fuel to the bullish case for USD/CAD
  • #34
  • Jun 14, 2012 6:08pm Jun 14, 2012 6:08pm
Nightly Video Update

Here is what we are looking to do now....

View Video
  • #35
  • Jun 15, 2012 6:45am Jun 15, 2012 6:45am
The EURUSD trade has not trigger stop loss yet. Do you close it at loss early before weekend?
  • #36
  • Jun 15, 2012 8:45am Jun 15, 2012 8:45am
Quoting lithium1
The EURUSD trade has not trigger stop loss yet. Do you close it at loss early before weekend?
If the stop has not been hit - the position remains valid. The Greek elections could be an issue, so you need to factor that in. But closing a position simply due to the weekend approaching is not a consideration when managing open positions.

Hope that helps.
  • #37
  • Jun 15, 2012 8:56am Jun 15, 2012 8:56am
Quoting Dave Floyd
If the stop has not been hit - the position remains valid. The Greek elections could be an issue, so you need to factor that in. But closing a position simply due to the weekend approaching is not a consideration when managing open positions.

Hope that helps.
But your initial EURUSD count is most probably invalid now, you will still stick to the stop? And risking a possible gap open on monday after the greek election results?
  • #38
  • Jun 19, 2012 9:34am Jun 19, 2012 9:34am
Feeling a bit bold? Don't have much faith in the current rally in the S&P's (key resistance at 1350/60)?

If so, the laggard of the FX world, EUR, is worth noting for possible short positions.

http://www.aspentrading.com/uploaded...RUSD_30min.png
  • #39
  • Jun 21, 2012 7:26am Jun 21, 2012 7:26am
While the chart pattern below is pretty straight-forward and NZD has been the best performing G10 currency in June (+5%) further gains are dependent on buoyant equity markets. That of course is the wild card. However, if you are inclined to favor stronger equity markets, longs in NZD/USD (kiwi) are worth a look...

http://www.aspentrading.com/uploaded...12nzd45min.png
  • #40
  • Jun 21, 2012 9:10am Jun 21, 2012 9:10am
Media Alert: Aspen's Todd Gordon will be on CNBC's Fast Money today at 12:50 PM EST.
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