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

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Swing moves for a day

Posted on May 26, 2009 at 3:51 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the subdued fall and rise moves yesterday due to holiday thin volume.

Today after flat opening they are expected to swing and slide during Japanese session and firm up from Early European session to slide again during late European session.During US session they are expected to firm up nominally to slide again tomorrow japanese session.

These sort of cosolidation moves are to be seen during early days of the week and then the firming up moves will be seen towards close of the week as month end moves.

I will explain more during my daily “Asian session : live market analysis “ between 05:00-05:30 GMT.

Regards

Dr.Sivaraman

9 Responses to “Swing moves for a day”

on 26 May 2009 at 4:23 am1Francesco

Good day Mr. Sivaraman,

in these two days would it be advisable to trade the swings both sides or do you think is better choice to hold the long positions and wait for the next coming rise?

My idea is that Euro and Gbp might reach a top respectively around 1,44 - 1,45 and 1,63 - 1,64.
What is your view about the strenght of this last upward leg?

Thank you again for your very precious daily comments.
on 26 May 2009 at 7:19 am2Nazali

Hi Dr
Attended the webinar again this morning - could you explain again the buy/sell strategy using net change? Many thanks.
on 26 May 2009 at 8:04 am3Mohi

Hello Doc, what is your expectation for gbpusd today after the 100pips fall during the morning? Thanks and regards..
on 26 May 2009 at 8:14 am4Mohi

Hello again Doc, how does this fit in?

Lowest of the session for GBPUSD was at 711GMT and it was not broken till 811GMT - about 1 hours later, which didnt adhere to your 30 minutes rule. Is that because the first move was a move at off session? Thanks again, mohi
on 26 May 2009 at 8:44 am5Dr. S. Sivaraman

Dear Francesco
yes,but the hedging trading will help to book profit during either way moves of the market.Book profitr in sell hedge during drop and then book profit in the buy position during rise.Your levels could be seen.
Regards
Dr.Sivaraman
on 26 May 2009 at 8:45 am6Dr. S. Sivaraman

Dear Nazali

please attend tomorrow webinar and I will explain.it may be difficult to explain as text.
Regards
Dr.Sivaraman
on 26 May 2009 at 8:46 am7Dr. S. Sivaraman

Dear Mohi
GBP made the drop during gap time and then firmed up some to drop again in first 30 min of the session.So after another cut of the low it is expected to rise.
Regards
Dr.Sivaraman
on 26 May 2009 at 9:09 am8Sam

Hi Dr Sivaraman,

Are you still expecting u/yen to reach 100 in the near term?

Regards.
on 26 May 2009 at 9:19 am9Nazali

I will be there tomorrow.

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