Operators' intentions read by 
EURO and GBP were rised up due to short covering for week end.Now the month end move will be not volatile as the volatile moves have been made for the week end when traders were emotional and willing to cover their shorts due to rise in Crude oil.
Now the market has opened for a new week and traders are afraid to sell at current levels and they want the market to break the psychological highs to short..But the big players avoid giving such opportunities and slide.Then the traders find the possibility to buy near low aiming a swing trade.But the big players drop more and hit their stops.This is how the market is made to make wide range swings.
Sell and buy trades are recommended in EURO and GBP.
Regards
Dr.Sivaraman
Doc, you got it wrong this time…. of course you keep saying that EUR and GBP are expected to slide every day sooner or later it will happen….
Dear pepe
Thanks for the remarks.I am not God to get all the time correct.You can watch today and then make a remark
Regards
Dr.Sivaraman
Dr.sivaraman hi iwatch yr comments every day you are the best
Dear Dr, we have short positions open, are you still expecting the gbp to get weaker?
Dear Dr.
Assuming we will slide soon without much further volatility - would you recommend top hold those shorts fopr further fall in the days ahead? Or liquidate at the end of the day. I realize u do not give weekly advise here so please excuse me if the question is beyond scope of your blog.
I would like to summarise the primary objectives (as I see them) of this blog:
1. To help traders trade fearlessly (or courageously)- i.e to remove emotions while trading;
2. To give general directions for intra day trade;
3. Specific levels, although mentioned sometimes, are to be treated as general guidelines, and not as calls; and
4. Specific calls (levels) are given to subscribed members only.
Please feel free to amend these.
Regards
su25
Dr, your blog continues to be great place for practical empirical education. Nobody gets right all the time, but i still think your reading of mkt moves are right most of the time. Since there is no guarantee that forecasts are a sure bet, therefore, hedging is absolutely essential.
Let me share the trades I took after reading this blog.
I shorted 1 lot GBP/JPY on Jun 17 @ 211.00, shorted another lot @ 211.85 on Jun 19, another lot @ 212.80 on Jun 19, and last one @ 213.85 on Jun 26 and closed all 4 lots @ 211.00 on Jun 27.
These were traded on a live account with x100 (1%) leverage. Margin for each lot was 1.5% of equity. I did not trade any other pair until I got out of this pair.
Lessons I learnt from this trade - trade fearlessly, never overtrade, and have a trading plan. I have not used hedging strategy as yet, as I have not yet overcome another emotion, i.e. greed - to take profit on the hedge.
Now, I have initiated one lot short Eur/USD @ 1.5795 and one lot short GBP/USD @ 1.9955. I plan to short these 2 pairs everytime I am 100 pips out of money. Decision to take these trades are not based on intra day, but more on structural/fundamental issues - not 100% influenced by the calls here.
Thank you Doc. Now I trade without being emotionally attached to the trades. I will take profit and losses graciously. Market rewards patience. I have learnt this the hard way - I have blown out my entire equity a couple of times.
Regards
su25
you are right su25, it is hard to be patient.
Dear Emil
You can hold the shorts till week end or next week also to maximize the profit in your shorts.But when I say now many may think that I am giving calls to trade against the market.But later we will see the lower levels in Euro and GBP - but we cannot do buy and sell trades at that time.Because after the slide they intend to make further slide and will not give profit booking opportunities.
Regards
Dr.Sivaraman
Dear su25
Thanks for the explanations in points.My main objective is to play in the middle level without hurting my subscribed members.I want the blog to remove the market fear first and later the trend of trade.During drop in EURO and GBP I recommended buy and sell trades and now sell and buy trades.But during drop many fealt further drops could be seen.Similarly now many say further rise is expected.When we expect some and the same happen in the maerket then there is no surprise.So we trade without the fear tracking the big players.They have to create fear among traders to earn their money.But we know their mind set and trade calmly along with them and earn also.
Regards
Dr.Sivaraman
Hi su25, i like your esssay, You should write a book
Dear wale
Thanks for the explanations.I am recommending the forecast,reading of operators’ intentions from their market moves and strategic trading using hedging to have 100% success in our trades.We cannot offered to lose just because some one made wrong calls.Ultimately we need to trade to make money,we need to get rid of market fear to take position, we need to do right trade without being diverted.
We will see 100% success in our trades if we handle the positions carefully without over trading.
Regards
Dr.Sivaraman
Dear su25
Thanks for sharing your views on trading in the market fearlessly.We need to spread the risk and take very little positions (5-10% of the equity at the maximum) we will see definite reward and simple trading - averaging trade will also work well.
Regards
Dr.Sivaraman
Dear joboy
If we know well that operators test the patience of the traders and trigger their impulsiveness, we need to control the emotion and think of hedging to limit the risk,handle the hedge when they start reversing,we will be successful in our trading.Only when we donot know what to do,then the fear comes in -if we have forecast and if it fails we have trading strategy- then we are sure what we are doing.No one can stop us from making money.
Regards
Dr.Sivaraman
dr. i don’t have much time to trade short, i was thinking of long term. With all the knoweldge that you have, and due to the high prices of oil, can you advise me on buying euros for the long run, and then exchanging them to dollars?will the dollar get weaker, and the euro get stronger?
Dr. I think your analysis of the movements of the various pairs show that the “operators” to some extent make moves that are not necessarily governed by fundamentals but rather by their own supply and demand needs; therefore,to some extent these moves set the technical tone of the charts to which traders like myself react. Could you explain what “circular trades” are?
Regards.
Dear robert
The multi year trend reversals are over.Euro peak is also over and we will see slide of it and in 13 years Euro will go back to the start levels.If you want to trade for very long term as currency conversion trade - then take positions in a weakest currency then it will firm up and become very strong and then exit and convert to weakest currency among the majors.
Regards
Dr.Sivaraman