Recent content by Dave Floyd

Good responses from Andy and Nick regarding pips/day. My experience has been, and verified by colleagues on the spot desks at Goldman and Bear that scalping FX, especially at a non-instituional level is next to impossible (yes I am sure some do it, we do not need to get into an argument), but...

While the analysts may look at bit silly right now with the 1.40 and 1.50 forecasts, let's not forget that purely from a structural standpoint, those levels on the EUR/USD by the end of 2005 are still a possibilty. Let's not confuse technical trade signals with macro based forecasts. In the...

I noticed the comments here regarding picking up the EUR after this weeks bruising. Below is an excerpt from our daily piece with data courtesy of 4Cast 4Cast did some simple analysis of the value of the EUR/USD and USD/JPY at the end of the preceding year relative to the price levels in the...

Nick, I still do HVT for the opening 60-90 minutes, but as mentioned earlier I want a scalable business model and HVT, at least in terms of asset management is not going to do it. While I can manage a portfolio of $25mill in the FX market and not even get noticed, it would be impossible...

Nick, No put down at all. I think you might be referring back to the days of HVT (scalping) when leverage and a completely different style and instrument (stocks) were traded. FX, for me at least, is more of an investment vehicle versus a high pwered trading vehicle for maximum return...

The wording on your post is not clear, however, I think I get the angle. You are correct to some degree. 1. Early on in the managed funds we were still trying some different strategies that were not being implemented in the service. Luckily we did not use them in the service, lol. The...

Volume was definetely better then yesterday. Most dealers I spoke with initially attributed the dollar rise to some short covering, but as the day wore on, there were solid spec buyers across the board especially in USD/CHF. The 1.1700 level should be tough (upper regression channel). Never...