Operators' intentions read by 
Now the above question will be ringering in many traders mind.There are some attribute to the rise that Fed has initiated some commercial paper buying facilities -wide
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=895a3c4c-d93b-43e2-8658-61dfdb22f33a - exclusive article of Fxstreet staff
Many may think that should favor USD.But others view that it will help market stability so that EURO and GBP can be bought by the Financial institutions for currency trading purpose.Can the bottom is set in ? another question coming in the mind.By the time the clarity comes in, the markets normaly do not wait .Another question coming now is who did the bottom fishing yesterday when the entire world was under the grip of panic witnessing the market meltdowns.Who is responsible for such market turmoil? How the Govts are going to act on them if they fix them? or they are really part of the group who cannot be disturbed by any because of the money power?
But the traders cannot find the answers to such questions and only time may give the answers in the days to come.
Coming to market for day traders.What to do now? The market is now consolidating near high - the players are distributing their over bought positions to their counterparts before making a fresh rise.Like a kick start they may make downward stop hunt and then firm up.During such dips when they don’t cut the intermediary lower level for more than 30 min during consolidation the buy may be initiated with trailing stop and stop at entry to limit the risk.Then the trailing stop can be used maintaining 30 pips from the market to maximize the profit.As per my market reading it may not be a pull back and the rise may continue.Still use your own analysis to confirm the same before entering in to the market.
Those who have done the bottom fishing yesterday,if holding position,may keep 75 pips stop to protect minimum profit when seen and maximize the profit in position trading.I will explain more on the trading strategies in coming webinars on 14th and 16th Oct - ‘Tracking the forex market together part I & II.’ Those who are interested in knowing my trading strategies may register for the same
http://www.fxstreet.com/live/sessions/session.aspx?id=d56a8bd2-ef9f-4516-9180-cbebc2dc1b0a - webinar on 14th Oct Part I
http://www.fxstreet.com/live/sessions/session.aspx?id=d56a8bd2-ef9f-4516-9180-cbebc2dc1b0a -webinar on 14th Oct Part II
http://www.fxstreet.com/live/sessions/session.aspx?id=2cb593d1-4708-45dd-bcd0-df5be3c14bf8 - webinar on 16 th Oct part I
http://www.fxstreet.com/live/sessions/session.aspx?id=e3ab6dce-cfa6-4eb6-8252-72ccd9b3d980 =webinar on 16 th Oct part II
Regards
Dr.Sivaraman
would it be possible to get a recording of webinars sometime?
Dear maxwell
Since I am giving the webinars 2 times in a month as part I during European session and part II during US session,only if youy attend you can relate to live market and understand the concepts.Recorded version may not give the same understanding I suppose.I suggest you attend one webinar then you will be interested to attend more.I repeat important concepts in part I and part II so you may not miss evern if you miss one during the day.
Regards
Dr.Sivaraman
Dear doc,
I have watched your posts since August and I must say that your calls have been disappointing (at least). I have a suggestion: instead of running your algorithm in the morning, just toss a coin and then place a stop loss of 30 pips and keep stop at entry once the position makes 20-30 pips profit. In this way, on average you’ll be right 50% of the time (as opposed to less than 5% now).
Best regards
Doctor, all you tell to the people here is a total crap. If you have any dignity, please leave the FXstreet. there’s no place for people like you, I mean amateurs, nisleading other traders. GO HOME DOCTOR!!!
Any insight on overnight market? Asia and European?
Hey pepe, Your wrong on the 5%. Its actually negative in a big way if you take the opportunity cost of getting your positions wrong. Keep buying in a falling market!! I make it a negative 3000% at the least.
Good one Doc.
I don’t know about others, but I dare to say that NOBODY knows how to trade given the current market conditions - whether they are fundamental traders, technical traders, day traders, swing traders, or position traders. If anybody has made money, then it would be purely due to luck. If anybody lost money, then it would be purely due to stupidity. Any reason for entering trades - whether fundamental or technical, would get negated within a few hours, if not minutes.
However, I presume scalp traders would have made or lost big, merely due to the size of the moves.
Of course, option traders may be able to come up with good structures and lock profits to minimise overall risks.
This is my opinion, no offense to anybody, therefore, I choose not to trade.
su25.
If a market moves erratically for 100-200 pips a day, one should aim to catch about 10% of the movement (ie 10-20 pips). Providing you keep out of extremes, current volatile times give EXCELLENT opportunities for swing and momentum trades.
I do not know weather that falls into scalping category by your standards, but I have sickeningly good win/loss ratio in the past 2 weeks.
I agree Mr T I can’t believe su25 comment I know he said his not out to offend anybody and he hasn’t offend me , only enlighten me as to why I have been scooping up lately.
It’s not that nobody knows how to trade in these conditions. It’s that nobody wants to expose themselves to risks while the world economy is comming to a grinding halt. That’s why a handful of bozos will be making bi bucks on the account of illiquidity of the market.
NOW is when the stars are reachable (and made)… But (very unfortunately) at the end, the road will be paved with corpses of hopeful traders…
current bar on eur/usd 15 min chart made a low of 1.3605 high of 1.3715 and close around 1.3661.
yes, i agree with mrT - i should have written nobody has the courage to trade by assuming such risks.
market volatility of 100 pips move in a 15 min bar, happening quite frequently in a day, with average daily moves far exceeding what one was familiar with - if one is caught on the wrong side of the trade, stops would be hit. if one had “hedged” - i cannot see how that would have helped. i confess, i am not familiar with “hedging”.
i see scalping as trading off 5 min charts to catch a move of 5-10 pips. and, if one does trade on 5 min charts, then the current volatility would probably give 30-40 pips vis-a-vis 5-10 pips.
again, no offence to anybody - i am glad that there are traders who are making money. i am not - so i choose to stay away from trading until the dust settles - which may take a few days, weeks, months or years??