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

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Sustained rise

Posted on October 14, 2008 at 2:49 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP recovered nicely for second day in succession indicating the reversal is happening during second week of the month.Japanese session rise in them could be followed by a session close profit booking dip of 40-60pips and then rise during European session and rise big from mid European session could be seen.Later gap time drop and session start drop during US session followed by further rise during the session and for the day is expected.

I will explain today the details of the matket moves and trading strategties using hedging during the webinars at 10:00 GMT and 13:00 GMT - ‘Tracking the forex market together part I & II’.

Regards

Dr.Sivaraman

8 Responses to “Sustained rise”

on 14 Oct 2008 at 4:34 am1sean

Dear Doc,

Can you please give the Times of GAP TIME in GMT (+1 UK) for each session , thanks in advance.
on 14 Oct 2008 at 4:55 am2Dr. S. Sivaraman

Dear Sean
Presently the session and gap timings are

Japanese session 00:30 -07:00 GMT
gap time 07:00 - 07:30 GMT
European session 07:30-13:00 GMT
gap time 13:00-13:30 GMT
US session 13:30 -20:30 GMT
gap time 20:30 -00:30 GMT

from 26 Oct when Europe changes to standard time

Japanese session 00:30 -07:30 GMT
gap time 07:30 - 08:00 GMT
European session 08:00-13:00 GMT
gap time 13:00-13:30 GMT
US session 13:30 -20:30 GMT
gap time 20:30 -00:30 GMT

From 02 Nov when US also changes to standard time

Japanese session 00:30 -07:30 GMT
gap time 07:30 - 08:00 GMT
European session 08:00-14:00 GMT
gap time 14:00-14:30 GMT
US session 14:30 -21:30 GMT
gap time 21:30 -00:30 GMT
Regards
Dr.Sivaraman
on 14 Oct 2008 at 6:22 am3VINESH

Dear doc what are your prediction for UJ? Are we done falling or do u think we may see another drop
on 14 Oct 2008 at 7:21 am4sean

Dear Doc,

Thanks Doc
on 14 Oct 2008 at 7:43 am5Dr. S. Sivaraman

Dear Vinesh
Extreme moves are over for the year.We will see swing and rise in USD/YEN also as contrarian move along wih EURO and GBP.
Regards
Dr.Sivaraman
on 14 Oct 2008 at 9:17 am6mike

When you talk about a gap time drop, how many pips are you refering? Also, for the rise? Does that mean the pair comes out even giong in and out or comming out higher than before gap drop?

Thanks Doc.
on 14 Oct 2008 at 11:12 am7Dr. S. Sivaraman

Dear Mike
Gap time false moves will be in the range of 20-30 pips in normal times and to the extent of 75 pips in extreme conditions.False moves will be retracing the old levels after the move.Say EURO dropped today from 1.3693 to 1.3627 before data release and then retraced all after the data release.
Regards
Dr.Sivaraman
on 14 Oct 2008 at 5:14 pm8yasir

Dear Dr.S.Sivaraman

Hi sir will u pls tell me what u think about the GBP/USD, is this pair still bearish and if it is then how long and what level it going to stop.
Best Regard yasir kidwai.

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