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

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Month end moves

Posted on January 30, 2009 at 11:51 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP are making swing and slide moves for month end and new month beginning trend reversal time.The hit the stops on the downside and then rise from second week of Feb.Till such time there will be quick drop and qjuick rises moves are expected to alternate with each other.

Try only either way swing trade during this time.

Regards

Dr.Sivaraman

9 Responses to “Month end moves”

on 31 Jan 2009 at 4:21 pm1j.j

DEAR Dr. sivaraman pls i would like to hv yr view about the following :Mr soros said that he is not shorting the stg pound and he said that he doent think the euro could stand the financial crisis without a global plan, so it is obviously he is long on STG pound and short on Euro. By committing this, he would like to move the market in his direction. I still remember everybody. I remember Soros about what he did in 92 with STG. I personally think he couldn’t have done it by himself unless the UK treasury wanted to exit the ERM. Although it caused the resignation of the Chancellor of Exchequer at that time. Please advise me if the FX market under the mercy of such a finance yearor the market could have some other party to counter-attack such a move. Best Regards.
on 01 Feb 2009 at 6:08 pm2Jason

Hi Dr

It appears that you have been spot on Friday where GBP drops and then recovers and EUR drops without rise.

So how is EUR and GBP reacting this week ?
Will there be big rise in the EUR and GBP as you have mentioned last week ?

cheers
jason
on 02 Feb 2009 at 8:55 am3jerry

dear doctor i missed ur webinar on the 29th i was wondering wheter u have a summary of the presentation..looked at ur website but there is nothin there… so will it be posted on fx street..thx dr..
on 02 Feb 2009 at 11:21 am4Mel

Dear Doc
you said “quick drop and quick rise moves are expected to alternate each other”. does it mean the moves made by eur and gbp against the dollar, earlier in the day are expected to reverse later?
on 02 Feb 2009 at 1:03 pm5Dr. S. Sivaraman

Dear J.J:
Todays’ drop in GBP wopuld have given the answer to your question.Normally when a trader find great earning by buying a currency in a given time and level he/she will not tell others about his intentions freely.
Regards
Dr.Sivaraman
on 02 Feb 2009 at 1:04 pm6Dr. S. Sivaraman

Dear jason
I have given the reply to your question in my today’s post.
Regards
Dr.Sivaraman
on 02 Feb 2009 at 1:05 pm7Dr. S. Sivaraman

Dear jerry
I will upload to my website in a day or 2.Then you can read the same.there is a technical delay.
Regards
Dr.Sivaraman
on 02 Feb 2009 at 1:18 pm8Dr. S. Sivaraman

Dear Mel
they are not expected to do immediately.Then traders holding higher level long and lower level shorts will not liquidate their positions in distress.the players drag the market and test the patience of the traders and make the expected moves.
Regards
Dr.Sivaraman
on 05 Feb 2009 at 3:08 pm9jerry

thx doctor…

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