FX Market Readings

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

Or subscribe via email:

Next webinar

Using Fibonacci ratios to manage your trades efficiently
by Sunil Mangwani
November 23, 10:00 GMT
Register for the webinar

FXstreet.com Weblogs

Links

EURO and GBP -downward stop hunts are buy opportunities

Posted on September 30, 2008 at 12:13 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Players are holding near low EURO and GBP and discouraging the traders to make any buy in them.But actually they are dropping and buying against the sells they made during US session yesterday.This way they hold the market by placing either way tight quotes and induce the traders to sell after the drop following technicals and then rise from tomorrow telling that the bailout move was failed.Then traders might think that it is late reaction of the market.

They are expected to make one dip during start of the US session and then firm up EURO and GBP for the day and then rise without much swings from tomorrow.The expected moves are given above and may vary.Hence you are requested to use it only as an additional input to your analysis and trading decision.

Regards

Dr.Sivaraman

6 Responses to “EURO and GBP -downward stop hunts are buy opportunities”

on 30 Sep 2008 at 2:54 pm1mike

doc,

Is this the expected drop or something bigger?
on 30 Sep 2008 at 3:33 pm2saiF

dear doc
what happen in this market it is drop verey very fast do u think it can copmplet to touch 1.7300 agin
on 30 Sep 2008 at 5:20 pm3Dr. S. Sivaraman

Dear all
It was expected yesterday but they made use of the uncertanities during voting and firmed up to hit the short sellers and when traders have initiated longs because of failure of the bailout plan they dropped against the traders using some other story.
Regards
Dr.Sivaraman
on 01 Oct 2008 at 1:04 am4Eric

Wow! I don’t know how you know all this info sir, but this is great to know because I have been trying to wait for the right time to enter long on my favorite pair the gbp/jpy and if what you are saying is correct then we should be good for entry on the Euro and GBP pairs shortly after 8Am which is when they US Session begins on what will be tomorrow 10/01/08 and buy on whatever dips these pairs take and then hold them to let ride for a while until I guess happy with our profits correct? Would you please stay in touch via my email address if possible. Also, my yahoo messenger address is pipking and I will give you my windows messenger name if that is okay?
on 01 Oct 2008 at 11:30 pm5jeb

Dear Dr, do you think we will see gbp/usd above 1.9 this year
on 02 Oct 2008 at 7:11 am6Dr. S. Sivaraman

Dear jeb
I donot want to give long term calls here and that leads to unnecessary imaginations during trading.there is a potency for the rise in GBP.
Regards
Dr.Sivaraman

Trackback URI | Comments RSS

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.