24 Responses to “Volatile moves expected for a day before further rise”

1. on 14 Apr 2009 at 6:58 am1Shiv

   Hi Doc:

   What kind of drop are you expecting today?
   GBP 1.47 & EUR 1.32 possible?
   Thanks

2. on 14 Apr 2009 at 7:02 am2Nazali

   Hi Dr
   When you say ‘reversal’ are you meaning to the downside before the midweek rise?

3. on 14 Apr 2009 at 8:01 am3Barry

   Dear Dr,
   “A good correction during US session and a reversal is expected today. This statement is quite confusing at least to me as you did not specify a correction for which movement. Are you saying that a reversal move like first down to low then up to high is happening today or you just imply that today’s movement is a reversal to yesterday’s.
   Regards.
   Barry

4. on 14 Apr 2009 at 8:50 am4errol

   I am not speaking for the good Dr., but I think he meant that there will be first a correction to yesterdays rise, perhaps down to 1.4750 - 1.4800, then a reversal upwards to 1.5000+. Just buy the GBP/USD and set your S/L to 1.4750.

5. on 14 Apr 2009 at 9:55 am5RK

   Where do you reversal going to in American session.Lower low?

6. on 14 Apr 2009 at 10:07 am6Dr. S. Sivaraman

   Dear Shiv,Nazali,Barry and RK

   EURO and gbp are expected to drop during US session below low set now by about 50-75 pips and then rise from late US session. to rise more tomorrow.
   Regards
   Dr.Sivaraman

7. on 14 Apr 2009 at 10:10 am7RK

   Below low of thos european session?

8. on 14 Apr 2009 at 10:11 am8RK

   Sorry
   Below low of this european session?

9. on 14 Apr 2009 at 10:26 am9Francesco

   Good day Mr. Sivaraman,

   do you have any potential target for the GBPUSD?
   Do you think this pair could overcome 1,50 soon?

   Thank you

10. on 14 Apr 2009 at 11:42 am10Dr. S. Sivaraman

    Dear RK
    yes
    regards
    Dr.Sivaraman

11. on 14 Apr 2009 at 11:43 am11Dr. S. Sivaraman

    Dear Francesco
    yes
    Regards
    Dr.Sivaraman

12. on 14 Apr 2009 at 1:55 pm12Nazali

    Hi Dr
    Jpy has shot down against the Usd and Eur is this just a stop hunt before the big rise?

13. on 14 Apr 2009 at 2:24 pm13ejthekkan

    Dear Dr.
    whether the expected bottom for eur& gbp is over or not?

14. on 14 Apr 2009 at 4:04 pm14RK

    DR

    Are we likely to see a drop to 1.46/1.48 befor rise to 1.50 plus.

    Kind Rgds

15. on 14 Apr 2009 at 4:11 pm15j.j

    Dear Dr. sivaraman is the bottom for euro over
    Regards

16. on 14 Apr 2009 at 4:56 pm16Nazali

    Hi Dr

    Any thought on USD/JPY? Are we seeing a large correction to the mid term uptrend or has the trend turned downwards? Many thanks.

17. on 14 Apr 2009 at 6:05 pm17Dr. S. Sivaraman

    Dear Nazali
    it is downward stop hunt in USD/YEN before the next big rise they are expected to make.
    Regards
    Dr.Sivaraman

18. on 14 Apr 2009 at 6:06 pm18Dr. S. Sivaraman

    Dear ejthekkan,RK and j.j
    The bottom for today is over.But tomorrow they will retest the bottom to hamdle the EURO/GBP cross on downside.
    Regards
    Dr.Sivaraman

19. on 14 Apr 2009 at 6:08 pm19Dr. S. Sivaraman

    Dear Nazali

    USD/YEN is expected to rise along with EURO and GBP.Now along with EURO and GBP it is also making downward move to misguide traders.
    Regards
    Dr.Sivaraman

20. on 14 Apr 2009 at 6:27 pm20Nazali

    Thanks for the reply.

21. on 15 Apr 2009 at 5:43 am21emil

    Dr.
    Thanks for great forecasts lately.

    You mentioned last week that EUR would overtake GBP in rise this week. Do you still see that happening. That would imply eurgbp rise.
    thanks

22. on 15 Apr 2009 at 6:53 am22Barry

    Dear Dr,
    Your comment is very interesting. The bottom for today is over and they will test the bottom tomorrow. Yes, it may mean the bottom for today simply is not the bottom for tomorrow. This has been a common case for a month since eur topped at 1.37 level.
    Your prediction for higher euro will play out later and I am also wishing for that. However, I really don’t understand your suggestions like buying opportunity after quick fall. Probably your algorithm can only produce a big target without knowing how much fall before that. It is no use to buy everyday aiming at 1000pips if price drop 700pips first. Theoretically, Even your tar get is east, you can go west and run around the globe and finally you will reach your destination.
    Your predication is a good reference for position traders but really not suitable for intra-day traders to risk hundred pips for 10-30pips everyday. Oh, please note that hedging method will be banned by NFA from may.
    Again, I always appreciate your work and I hope that my comments do not carry personal attack to you ,same as your predictions do not mean to hurt traders by wish.
    Regards.
    Barry

23. on 15 Apr 2009 at 10:34 am23Dr. S. Sivaraman

    Dear emil

    I mentioned here that GBP will over take EURO and not other way as you have mentioned.So EURO/GBP is expected to fall.
    Regards
    Dr.Sivaraman

24. on 15 Apr 2009 at 11:21 am24Dr. S. Sivaraman

    Dear barry
    Thanks for your comments.i donot feel it as personal attack.
    Regarding NFA curbing ‘hedging’,it is not new to me.around year 2000 also they imposed like that to induce the traders to do more swing trades with stops.there were comments at that time- if hedging is used the trader does not know how to trade in a tending market,but later ‘hedging was introduced back and many US platforms started offering that.Now going back again to improve traders volume - at times cutting the ‘golden goose’ might look rewarding,later one might understand that the traders cannot be misguided in the name of protection.Any common man might be able to reflect and understand once he loses all the equity or once he is not holding any positions.More restrictions can only induce aversion - like much talked about ‘risk aversion’.
    Any way new trading strategies could emerge from the traders and further amendments might happen as the time pass by.
    regards
    Dr.Sivaraman

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