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Operators' intentions read by Dr. S. Sivaraman, of i-knowindices.com

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Big Contrarian move

Posted on September 5, 2008 at 6:04 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP were dripped from gap time before Japanese session and USD/YEN is also dropped in the same way to hit all level stops on the down side  in YEN crosses.May be unwinding of all carry trades might be the story.All the drop happened before NFP data release as if they know before hand it will be good for USD.

Week end they are hitting the stops on the down sise now to hit the stops on the upside after NFP data release.

Now every one’s question is what is the bottom for all the pairs.Bottom and tops are established during accute panic conditions.We will know today clearly the bottom is set or not.Now no one want to buy other majors.They want to sell first and buy later against their sell.Many keep away from the market after seeing wild moves.So in thin volume market only those holding long positions are distress to know what to do with the positions when the hedging facility is not available.But those who are holding shorts try to close after deep drops.We will know how the big players trap both smartly.

Expected market moves for today - After the initial drop during Japanese session a gap time pull back and then another drop to reach near low could happen before the NFP data release and then an upward rise is expected .But many days when the rise was expected they did not rise.So during week end watch carefully and take positions when the rise or drop is confirmed - ie near high take sell position  when the high is not cut for 30 min from the start of the session, or a buy position near low when the low is not cut for 30 min from the start of the session.In all trades keep 30 pips stop and once the position makes 30 pips profit keep stop at entry and remove the stoploss.then aim to close ( take profit) when they stop cutting the low or high opposite to your trade for  30 min.

Regards

Dr.Sivaraman

10 Responses to “Big Contrarian move”

  1. on 05 Sep 2008 at 6:14 am1sean

    Dear Doc,
    I said last week in a post that I thought they were rising 1 and building 2 shorts > dropping taking profit and downstop hunt, and rise with the herd to build more shorts along the way , could this have been possible? has this been done in the past? they knew top tier data was coming for excuse.

    Sentiment Indicator’s and numbers dont make assumptions,said that the herd were long and the banks were short , now the banks have all the big players money left over after squaring their positions, I would like for thoughts on my ASUMPTION, because at the end of day that’s all we have but best to think like the big players

  2. on 05 Sep 2008 at 6:32 am2sean

    HI Doc you have allready answered previous section,

    Thank YOU

  3. on 05 Sep 2008 at 9:56 am3sean

    Doc ,

    So far so good, start of session

  4. on 05 Sep 2008 at 10:37 am4Jean-Pierre Bettschen

    This message is not intended for being publilshed in the blog, but it’s intended for the people at FXStreet that monitor this blog. It’s absolutely a shame that you filter out all messages that go against Mr. Sivaraman. Mr. Sivaraman has been misreading the market for more than 6 weeks and therefore it’s is just normal that there are people that are getting more and more upset and want to say this openly in the blog. What you’re doing is just using the same style as is still used in China and some other parts of the world.

    Best regards
    Jean-Pierre Bettschen
    Managing Director
    EUROTREND Investment SA
    Switzerland

  5. on 05 Sep 2008 at 10:55 am5Dr. S. Sivaraman

    Dear sean
    Your assumption is a posibility.
    Regards
    Dr.Sivaraman

  6. on 05 Sep 2008 at 11:07 am6Ron

    Hello
    This is the most funny blog on FXstreet. I presume that Mr. Shivaraman is a retired comedian. All people need some laugh from time to time ..so , good job doctor ;)

  7. on 05 Sep 2008 at 11:07 am7Dr. S. Sivaraman

    Dear Jean-Pierre Bettschen
    No one is filterning the comments here.My forecast or market reading may appear wrong- I am giving only intra-day moves here.I am not giving any long term calls here for you to think like this.Please understand my concepts,I also give the trading strategies along with to use to make either way trading.
    When the big players make such aggressive moves it may appear I am wrong,later you will understand why I gave the reading like this.
    Regards
    Dr.Sivaraman

  8. on 05 Sep 2008 at 11:14 am8jon

    Dear Dr,

    How much of a bearing does falling oil prices have on GBP/USD?

  9. on 05 Sep 2008 at 1:19 pm9mrT

    Jean-Pierre Bettschen:
    You are absolutely right. I have had my posts removed from this blog for being mildly sarcastic, therefore I will not participate any more. This is my absolutely last post, as FXstreet is not playing fair at all.

    Doc:
    Your readings are wrong. Your algorithm is wrong. Your predictions are wrong. Your market assessment is wrong. Your hedging advice is wrong. Badly.

    You seem unable to say: Sory I was wrong and mean it. You do, however, maintain the ability to fly in the face of the obvious.

    As per “algorithm”: It is common knowledge, that algorithms are pieces of computer or computer like instruction code. I have never seen an algorithm give out predictions in the form you do. I - as an expert in computers - believe that the only algorithm you use is “personal feeling” and that is the only algorithm that s capable of being wrong so many times in a row and so many weeks straight. Any other half - baked code would be adjusted by now.

    I am sorry if I was blunt, but - until I get a feeling you have a grip on reality and FXstreet stops censorship, I am not posting here again.

    Thank you very much for everything,

    mrT

  10. on 05 Sep 2008 at 1:30 pm10Dr. S. Sivaraman

    Dear mrT
    I take all your blaming.I can tell you 100 times sorry if you get satisfied.Ultimately what a trader needs is a system to trade with concepts.
    I request you to spend your time to think and develop a system for your trading rather than spending your precious time in making comments.You can read the blog if you want and no one is insisting you should read.there are other blogs and good info to use in your system developments.
    Thanks for reading the blog all along.
    Regards
    Dr.Sivaraman

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