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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

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