Operators' intentions read by 
EURO and GBP did not rise above initial low of yesterday and the massive drop happened showing new lows for Japanese session.No buyer condition is seen.
There could be a pull back or small recovery during late Japanese and Early European session to fall again wildly for a day.
In extreme conditions the orders may not get filled.It is advisable to wait for the dust to settle down before making entry into market.
Regards
Dr.Sivaraman
I guess there will be no rise for the GBP and Euro in the next few months. Is that right Doc?
During it’s long history, the Western World has assimilated many kinds of culturally challenged nomads, barbarians and ne’er-do-wells.
Good luck, fahad g., in your up-coming journey through the alimentary canal of civilization.
Wayne Meeks
Just Brilliant , keep those ones coming
It is a huge responsibility to give advices in any matter especcially for outsiders. The aim of the charity advice here is to atract subscribers.
Different opinions can be expressed.
According to the blogger distresed traders give panic reaction. So why anyone is surprised on any comment.
All of us know the last months calls here n the historical track record shows complete opposite results?
E.g. To make it clear, to run 2 position in different direction in the same ccy pairs is waste of time (but here it called hedge) as it cause twice the spot spead n twice the fwd spread for the trader. As the “hedge” trade only come in play when normally one wud stop the position. Once the “hedge trade” opened, it doesnt matter where the mkt goes as the 2 positions’ results eliminates eachother just the locked loss stays. Any other explanation is fairytale.
There were some who tried to enlight the blogger (Mr.T, Wayne, etc.) but any opinion was ignores and finally they gave up as they were frustrated too.
Maybe i am primitive too but Fanad’s first comments abt Sarkozy was quite good n i got the meaning behind the last ones (after 300 points of drop and after the 3rd explanation).
Dear Dr,
Do you still forecast a rise for rest of the year?
Here is what I would if I were a responsible blogger giving free advice on a website which attracts millions of page views, and presumably substantial percentage to my blog?
1. Take a break from blogging to review my methodology/ algorithm/strategy and find out what has to be revamped to improve its extremely pathetic performance;
2. I would test my revamped algorithm on a demo a/c until I start making substantial profits to be worthy of posting in my blog on a website which has quite a good reputation up until now;
3. My algorithm may have given decent results in trending and/or normal market conditions, but under present market conditions, results are substandard, with high probablity of losses, irrespective of whether or not I have experienced such market conditions, the results prove that my previous experience is not sufficient to generate good results;
4. I would not be able to get a good night’s sleep knowing that I would have caused many innocent readers to lose their equity, knowing very well that although I give disclaimers, and ask them to use their own analysis, I know they are blindly following my calls, as otherwise they would not keep asking for my view on market direction when the going is not good;
5. Although I am aware that when the going is tough only the tough get going, I realise that the ones who are tough are the ones who I have labelled as “operators” and their intentions are impenetrable and canot be read accurately;
6. I could go on adding what else I would do, but then I would start with point 1 immediately - so, stop writing.
BUT, then again, I would do all the above IF I was a RESPONSIBLE blogger….. wait! give me time to think until my next post
Dear jilli
After a rise the drop is seen now which will be followed by the rise again- that is market.
Regards
Dr.Sivaraman