FX Market Readings

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

Or subscribe via email:

Webinar Recording Series: My Trading System

I - II - III - IV - V - VI - VII - VIII - IX - X

FXstreet.com Weblogs

Links

Continuation of volatile moves for week end

Posted on December 19, 2008 at 7:53 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the slide and drop during yesterday US session as expected.They are expected to make rise and drop in each session as wide range swing trade- ie they donot want to lose levels but wanting to rise and book profit and drop to buy again as wide range swings trades to reduce the levels of their buyers lower than market before making another big rise without corrections.In this process those having higher level buys and lower level sellers will be induced to liquidate their longs during drop and short cover during rise alternatively till end of European session.Then during US session they are expected to rise to close near high for week end.

Try to do wide range swing trades buy near low when the low is not cut for more than 30 min with stop and try to close near high when it is not cut for more than 30 min.

Final stop hunt wild moves will be seen in European crosses.

Regards

Dr.Sivaraman

One Response to “Continuation of volatile moves for week end”

on 21 Dec 2008 at 2:56 am1Jim

Sivaraman rules! His knowledge of the market paves the way to making smart investment decisions. Many thanks!

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.