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

Volatile moves for a day

Posted on April 28, 2009 at 5:03 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made varied and contrarian moves yesterday to handle EURO/GBP cross.

Yet another day of volatile moves is expected today.

after subdued moves during japanese session,EURO and GBP are expected to make quick drop and then rise during European session.Then quick rise towards late European session and early US session and then swing during rest of US session.

Players are expected to make lower level volatile moves and take buy positions before the week end and month end rise they intend to make using some excuse during major data release time.

Regards

Dr.Sivaraman

17 Responses to “Volatile moves for a day”

on 28 Apr 2009 at 7:13 am1Barry

Dear Dr,
You said that they intend to rise from mid week before. It seems that you have changed your expectation(or players may have changed their mind to buy more at even lower levels till month end) in this post. So We may not see any significant rise in eur in this week and probably more lower lows will be shown on the way down.
I do not want to comment on your daily buying strategy anymore. People survived from eur’s free fall should still remember how it worked last year. I know some people are just playing with demo here and give comments without serious attitude. If they want to buy at each lower level, that’s fine. It is just not right approach to me. Buying low and selling high. where is the low? If they know where it is, there is no need for them to read your or anyone else’s post for clues. I have monitored your method of finding low as not cutting for an hour(previously it was 30mins), It can prevent one from blowing up their account suddenly but not from losing slowly. We wish to see opportunities to earn in this market instead of ways to constantly lose less.
These are just my thoughts and they don’t have to be right or good for others. Traders make their decision and control their account an they wish.
Still many thanks for your market reading.
Regards.
Barry
on 28 Apr 2009 at 7:24 am2Barry

I am not saying that I will buy dollar in the long run. No. I have no confidence in it even I can hold a dollar long position for 2-3 days for short-term trading.
From mid and long term point. It is better to step away from euro at the moment till next ECB meeting.
on 28 Apr 2009 at 7:58 am3Francesco

Good day Mr. Sivaraman,

I just covered my shorts on AUDUSD and NZDUSD with good profit.
Then opened a long on USDJPY and looking for a long on GBPJPY, do you think this trading ideas might be fruitful?

When do you expect lows for the european currencies before the weekend?

Thank you!
on 28 Apr 2009 at 10:40 am4sean

Dear doc,

what is ” numerator and denominator currencies “?

thx
on 28 Apr 2009 at 11:45 am5Mohi Hossain

Hello Dr S,

Good morning. Where do you see Eur/Gbp going this week? Thanks.
on 28 Apr 2009 at 11:57 am6jack

I think swine flu is affecting both stock and froex market movement fundamentally and we should change our view as well for this week.
on 28 Apr 2009 at 12:13 pm7ejthekkan

Dr.Siv,
what upper lvl you expect for gbp today?
regards
on 28 Apr 2009 at 1:36 pm8Dr. S. Sivaraman

Dear Barry

I request every reader to develop their own market insight and trade accordingly.the intra-day low and high are set once they are not breached for 30 min within a session and I gave 1 hr watching time to be very safe as this is month end time and the volatility could be high.
Regards
Dr.Sivaraman
on 28 Apr 2009 at 1:52 pm9Dr. S. Sivaraman

Dear Francesco

Glad to know about your trading ended with profit.
watch the net changes of the majors and the respective crosses to take such decisions to trade crosses.
the low is almost set.They may revisit the level tomorrow and then rise for US decisions on interest rate.
Regards
Dr.Sivaraman
on 28 Apr 2009 at 2:00 pm10Francesco

Thank you Dr. Sivaraman,

I could not make it for the long on GBPJPY but I managed to open a long on EURUSD at 1,2986 that seems a good entry point for the medium term.

I would like to ask you again about your view on EURGBP, thank you!
on 28 Apr 2009 at 2:27 pm11Nazali

Hi Dr

Do you see eur and gbp making lower lows later today or tomorrow before making big rise? Many thanks.
on 28 Apr 2009 at 2:29 pm12Dr. S. Sivaraman

dear sean

EURO/USD,GBP/USD and AUD/USD - the lead currency is in the numerator of the fraction - hence called numerator currency.When the currency is in denominator like USD/YEN,USD/CHF and USD/CAD - called denominatror currency.
Regards
Dr.Sivaraman
on 28 Apr 2009 at 2:30 pm13Dr. S. Sivaraman

Dear Mohi Hossain
EURO/GBP is expected to swing and slide in this week.
Regards
Dr.Sivaraman
on 28 Apr 2009 at 2:32 pm14Dr. S. Sivaraman

Dear jack
Every event or happening in the world can have impact only in short time frame for a few hrs.then the market forget the old and look for new or comment about new event.
Regards
Dr.Sivaraman
on 28 Apr 2009 at 2:33 pm15Dr. S. Sivaraman

Dear ejthekkan
Watch the live market quote page and there the high is shown for the day.
Regards
Dr.Sivaraman
on 28 Apr 2009 at 2:34 pm16Dr. S. Sivaraman

Dear Francesco

UI have already given my view on EURO/GBP in this week.
Regards
Dr.Sivaraman
on 28 Apr 2009 at 2:35 pm17Dr. S. Sivaraman

Dear Nazali
There is a potency tomorrow during European session.
Regards
Dr.Sivaraman

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.