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

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A drop and a rise for the day

Posted on December 3, 2008 at 8:41 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP opened lower to drop during early European session and are expected to rise from late European through US sessions.Tomorrow they are expected to open high and drop during Japanese session and rise during European session - interest rate decision announcement times of BOE and ECB.

Volatile moves are to consolidate near low and rise towards the close of the year.

These are the expected market moves and may vary in actual market condition.They are given mainly for the timings of the market moves.The levels may be obtainied from other sources.Try to trade with care with limited positions then maximizing the profit could become easier.

Regards

Dr.Sivaraman

9 Responses to “A drop and a rise for the day”

on 03 Dec 2008 at 9:18 am1Armand Gusman

Dear Doc,

Could you give me your thought on USD/JPY expected move today. I shall appreciate it very much.

Best Regards,

Armand
on 03 Dec 2008 at 1:42 pm2Burn

Thank you Dr Sivaraman.

Regardless whether the market moves accordingly as you’ve put it in your market reading guide or vice versa, it really doesn’t matter to me because I have improved and learnt a lot about price action from your blog.

Please continue giving advice in this blog.

Regards
on 03 Dec 2008 at 2:40 pm3arun kandal

hello Dr.S shivaraman
can u pls tell me wht gbp/usd want, wht should i do with the pair in these days

BEST REGARDS

ARUN
on 03 Dec 2008 at 3:56 pm4Dr. S. Sivaraman

Dear Armand Gusman
They are just doing every day downward stop hunt and buying USD/YEN and all yen crosses to rise later.On the higher side it was appearing they were buying (market was looking bullish) but they were holding and building huge shorts and now they dropped and covered their shorts with profit at the lowest possible levels and building huge longs now to rise again but it will appear bearish.
Regards
Dr.Sivaraman
on 03 Dec 2008 at 3:57 pm5Dr. S. Sivaraman

Dear Burn:
Thanks for understanding.
Regards
Dr.Sivaraman
on 03 Dec 2008 at 4:07 pm6Dr. S. Sivaraman

Dear arun kandal
GBP/USD is mostly used to create the bullish or bearish sentiments in the market.They create bullish sentiments and take sell positions when the traders were ready to buy at the highest levels .Now they are buying dropping GBP.But traders will be ready to sell with bearish feel.Later we will know their intention is revealed.They took 2 yrs to build bullish feel in GBP and in 4 months created bearish feel.You can decide what to do with the pair now.But our resources are equity are limited but they play with unlimited resources and equity.We need to understand the risk and then trade using trading strategy to limit the risk and maximize the profit..
Regards
Dr.Sivaraman
on 03 Dec 2008 at 4:46 pm7Malcolm

Ah! i’m getting tired–lately there is hardly good trading opportunities in the US session (9am-4pm.)

Most of the moves are taking place in the Euro session.

What’s the advice Doc?

Thanks
on 03 Dec 2008 at 5:41 pm8Dr. S. Sivaraman

Dear Malcolm
They alternatively test the patience of the traders by making subdued moves in different sessions.You can simply wait for your trading sessions to be active and trade rather than keeping awake during other time.When you keep awake long time you become physically and mentally tired and when the right trading opportunity comes during your normal trading time you continue to be tired and miss the opportunity.Market continues to give opportunities.If missed today you will get it tomorrow.Trade patiently without stress,trading will become easier.
Regards
Dr.Sivaraman
on 04 Dec 2008 at 3:03 pm9arun kandal

THX DR.S SHIVARAMAN

REGARDS

ARUN

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