24 Responses to “A typical downward extended stop hunt in GBP before further rise”

1. on 21 May 2009 at 10:47 am1rebecca

   hi doc,
   wondering whether when will gbp stop going or swing high and drop, and what is the cause that now it can suddenly bump up to higher and higher.

   thanks a lot

2. on 21 May 2009 at 1:04 pm2ejthekkan

   Dear Doc,
   like to know if the correction in GBP is over or not. What abt euro? current levels of 137.4 & 156.4 are they right priceto enter long?
   thanks and regards

3. on 21 May 2009 at 2:02 pm3Dr. S. Sivaraman

   Dear ejthekkan
   EURO and GBP are expected to firm up during US session from current levels.
   Regards
   Dr.Sivaraman

4. on 21 May 2009 at 2:47 pm4Dr. S. Sivaraman

   Dear rebecca
   The true reason for the quick drop in GBP was to hit the stops of the long holders keeping stops and trailing stops and rise in GBP was to trap the traders who emotionally sell during drop and then do short covering during rise.
   But there will be several attributes in the media and other news.
   Regards
   Dr.Sivaraman

5. on 21 May 2009 at 2:56 pm5skd32566

   Hi Doc,

   I have not read past blogs but is your contention that dollar/yen will rise by month end?

   Thanks

6. on 21 May 2009 at 3:23 pm6mq

   who are “they”..I would really like to know the backside of these moves ..the only inside “observation” to such an event is in the beginning of the movie “A Good Year” with Russell Crowe

7. on 21 May 2009 at 3:35 pm7ejthekkan

   thanks Dr.

8. on 21 May 2009 at 3:44 pm8Chris

   Dear Dr Sivaraman
   appreciating how far cable has risen since may 18th mainly from dlr sell off , people moving from safe haven, i would have expected key resistant points to have held longer and that gold would devalue as risk aversion lessens. psychological points ie 1.5250 1.5500 1.5588 and later 1.60 (have own target 1.6750 ). would under normal circumsatnces become key points but these past few days we have sailed through. just for my own curiosity when you refer to players are you talking of brunie and negara type players.appreciate you cant name names i’m just trying get a handle on the size of the positions that the players are dealing in. p.s love reading your articles and am very curious about the cosmos bit.

9. on 21 May 2009 at 3:56 pm9Constantin Lucian

   Dr. will the swings for eur/usd and gbp/usd permit to have a strategy to sell at the high and buy at the low? for today and tomorrow? Or this was just a singular drop and now we can see the pairs going higher and higher every day? Thank you

10. on 21 May 2009 at 4:01 pm10su25

    Dear Doc
    In GBP/USD the difference between high and low is alomst 300 pips, but the net change is insignificant 3 pips at the time of writing. Any particular reason?
    Thanks
    su25

11. on 21 May 2009 at 4:15 pm11TheRumpledOne

    Can you PLEASE be a bit more specific when you post?

    For example, when you say “swing near high/low”, are you referring to today’s high/low? yesterday’s? weekly?

    A little more clarity would really be helpful.

    Thank you for sharing your analysis.

    P.S. I made 100s of pips on your GBPUSD call during the London session. I was short during the 200 pip drop and long on the reversal - thanks.

12. on 21 May 2009 at 4:21 pm12ejthekkan

    Dear Dr,
    if a rise above the highs for today in gbp& EURO/USD expected for today?

13. on 21 May 2009 at 4:28 pm13Dr. S. Sivaraman

    Dear skd32566
    Yes USD/YEN is expected to rise big .
    Regards
    Dr.Sivaraman

14. on 21 May 2009 at 4:31 pm14Dr. S. Sivaraman

    Dear Constantin Lucian
    swings are part of market moves.if not dropping today there will be drop tomorrow,if not there is rise today there will be rise tomorrow.This is the way the markets move.So sell near high or buy near low if not give profit today could surely give profit tomorrow.
    Tomorrow for week end the players are expected to make one good correction and one good rise towards close for week end.
    Regards
    Dr.Sivaraman

15. on 21 May 2009 at 4:33 pm15Dr. S. Sivaraman

    Dear su25
    that is how they make the up and down moves to hit the stops either way and then hold in the middle levels.Then the net change will be very insignificant- but the spreads between high and low will be wide.They want to drop tomorrow again then rise again.So they are holding and building shorts now near high.
    Regards
    Dr.Sivaraman

16. on 21 May 2009 at 4:35 pm16Dr. S. Sivaraman

    dear ejthekkan
    there can be a move above high or below low but the net change indicate they were only either way swings.The moves are in expected lines I think.
    Regards
    Dr.Sivaraman

17. on 21 May 2009 at 4:44 pm17skd32566

    Thanks Doc..I will begin to establish a long dollar/yen position.

    Regards,
    Stephen

18. on 21 May 2009 at 5:07 pm18Chris

    reading your previous replies can i assume that the GBP will stay in the upward channel and just bounce back an forth.

19. on 21 May 2009 at 5:11 pm19ejthekkan

    Thanks Dr.
    Your predictions worked a helped me a lot.
    regards

20. on 21 May 2009 at 5:12 pm20TheRumpledOne

    “The extended stop hunt was done mainly to trigger all the trailing stops of the long holders and the players also quickly booked profit and re-eneter long mainly to gain levels rather than taking more buy positions.”

    This is NOT clear to me.

    Did they book profit from being short or did they book their long profit, run the stops and then reenter their long positions?

    Thank you.

21. on 21 May 2009 at 5:51 pm21Kevin

    Hello Doctor, thank you very much for your predictions i’ve made some great pips. Also, is there a place or site that is published to check this “event of rating?” Also will there be more stop hunting tomorrow?

    Thanks again!

22. on 21 May 2009 at 6:09 pm22Mohi

    Thanks Doc. Very valuable help today. Thanks again..

23. on 21 May 2009 at 6:19 pm23Dr. S. Sivaraman

    Thank you all for the nice words.Read next post to plan your trade for tomorrow.
    Regards
    Dr.Sivaraman

24. on 21 May 2009 at 6:53 pm24Dr. Paul

    Dear Dr.Sivaraman, I am quite impressed with your understanding of How these 4x markets work. I took a long position in usd/yen 94.40 was that a little early for the move up. Also, i plan on investing in your program……..Dr. Paul

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