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

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Time for big recovery

Posted on February 17, 2009 at 4:20 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Week beginning EURO and GBP were initially holding high and started the drop.Today during Japanese session they made further drop to create still bearish sentiment.

They are expected to recover during European and US sessions today.

The dips and near low levels are buy opportunities.There could be some brief downward stop hunts during early and late sessions before the quick recovery.From tomorrow more unassuming recoveries are expected and there might be more talk about risk appetite during that time.Market is known to break the estimated supports and resistances from time to time to confuse traders.Today’s drop is one such instance.

Regards

Dr.Sivaraman

8 Responses to “Time for big recovery”

  1. on 17 Feb 2009 at 4:59 am1kelvintc

    Dear Dr Siva,

    Thanks for your reply. Before this, I always believe in there will be a retrace after a huge drop and vice verse. Yet, I was always get hit by stop loss whenever i bought at low (maybe not low enough). I will start to look for market behaviors from now on. Your insight into the market had given me a new approach in forex trading. Thanks. Wish you a good day :)

    Best regards,
    Kelvin

  2. on 17 Feb 2009 at 7:26 am2Francesco

    Good day Dr. Sivaraman,

    as the risk appetite might start growing up, do you think it might be a good timing to go long on the AUDUSD pair?

    I am currently long on EURUSD and GBPJPY.

    Regards,

  3. on 17 Feb 2009 at 9:41 am3Eugene Tan

    Dr.

    Thanks for your great guidance thus far.

    Was wondering whether you would be so kind as to share how you derive your findings.

    Would it be a combination of fundamental and technical indicators?

    To just predict how ‘players’ would behave would be difficult. Especially when the concept of ‘players’ may not be existent? is there really a oliogopoly of traders manipulating the huge forex market? I find that difficult to understand.

    Thanks again for your guidance and look forward to further clarifications.

    Rgds

  4. on 17 Feb 2009 at 11:16 am4Gord

    When you say ‘unassuming recoveries’, do you mean upward moves with little retracement or something else?

  5. on 17 Feb 2009 at 11:18 am5Dr. S. Sivaraman

    Dear kelvintc
    Actually the market does not run away most of the time.if we wait for the low to set and not cut for more than 30 min to 2 hrs we can take buy position as bottom fishing.
    Regards
    Dr.Sivaraman

  6. on 17 Feb 2009 at 11:19 am6Dr. S. Sivaraman

    Dear Francesco
    when EURO and GBP also recover AUD is expected to rise in tandem.
    Regards
    Dr.Sivaraman

  7. on 17 Feb 2009 at 11:26 am7Dr. S. Sivaraman

    Dear Eugene Tan
    Reading of the players intention is rather easy to derive intra-day expected moves.They make a quick move up to drop or a quick downward move for a rise.They start the session near high and end near low set for the day or other way start near low and close near high by end of the session.
    There are 3 sessions in a day and the intra-day trend reversal they make during session changes.
    The concept of players - market is man made and when all the traders wait for any fundamental data release the market swings before.The market makes false move before data release and then the intentional move after data release.When the traders buy when the European or UK data is good,the market rises and retraces back again,but rises later when the buyers are stoppedout like today data release from Europe and UK.Any market has to be facilitated for it to swing and make volatile moves.
    Regards
    Dr.Sivaraman

  8. on 17 Feb 2009 at 2:31 pm8Dr. S. Sivaraman

    Dear Gord
    unassuming = against the expectations - so when traders expect a pull back to 1.33 etc they players are expected to rise EURO to 1.47 area.
    Regards
    Dr.Sivaraman

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