Operators' intentions read by 
EURO and GBP made the slide all through European session and slightly firming up towards close of the session.The players induced long liquidation from the long holders now.They are expected to make quick moves during US session for the short sellers to cover during rise.It appears that the players are dragging the reversal moves as they are taking 2 weeks to shift from long to short positions due to low volume market condition.Hence the extended upward stop hunt is still not made to confirm the reversals.
Regards
Dr.Sivaraman
dr, i do lose trades in greedy and even in panic , what is the best way to over come them ?
Hi Dr
thanks very much , sir , eurgbp cross what do you think the next for this one ?
Dear Dr. sivaraman hi, so is there more upward stop hunt ?, i wish you all best
Regards
This blog is fascinating, where can I learn to read the markets in this way. Can I too understand how to read what the ‘players’ are doing. Where does one start in order to achieve this objective. Many Thanks to you Dr
Hi Dr
What is expected for the US session? Do you still expect the stop hunt - as you say it confirm the reversal. Do the players want traders to short and then do the stop hunt? Many thanks.
I took a short EUR/USD trade at 1.4086 stop 1.4352 and target 1.3410. Better is to follow your OWN charts, they will always tell you the way to go. Upwards stop hunt, downwards stop hunt,.. it will only make you losing money. Now put back up your chart guys.
No offence but if you want to lose money, just follow the analysts.
Dr. S thank you for sharing your knowledge it is invaluable. Do you see GBP reaching the season high during the expected upward stop hunt?
So doctor, what you are saying is that there has to be a upwards stop hunt before the big reversal starts? Are you saying that the reversal has not started yet and we will see a upward stop hunt first and should wait for it? Thanks.
Help; i’m making money and not listening to the guru’s..
Most analistys got paid $40,000/year to tell you crap.
Why would you listen to them..
I didn’t know anything about forex 7 years ago and i’ve ade money. The more i listen to the gur’s, the less i make.
Hello:
They started with cable. Let s sww if they follow with the eur/usd now. Or do you think this is only a cross move?
Tku so much.
Dear Doc
Looks like the extended stop hunt has been deferred to next week, as price would have to reach around 1.6750 or another 250 pips from current levels, which seems unikely as there is no data release pending, and maybe too late to spread rumours! Although they may close the week closer to Asian session lows.
Thanks and regards
People, you don’t have zero self coninfidence. The guru will lead you..
Dear Doc
Forgot to mention, your 10~30 mins strategy worked quite well for buy/sell during the US session. However, what should be the level to close the buy trade, 100~150 pips?
Thanks
wim what is your problem? everyone has freewill and can choose how to trade and how they will listen to. I don’t use any type of chart or technical analysis and listen to information from the dr. that fits my views and strategy and i’m also making money. So what is your point? There isn’t a guarantee strategy to win in forex trading so i don’t know what are we getting so hyped up and why dose it bother you? if what the dr. says didn’t work for you..ok then don’t follow his advice anymore but don’t try to influence others because you’ve been miss fortunate. Ask how many of the readers of the blog have benefited in pips from this posts and you will be surprised.
Wim pls note we hv a confidence in this blog ,the Dr. is doning his best to show his view and we all thank him for the good hard work and if you dont like it dont read it
regards
hi wim
what u say maybe correct. but Dr. didnt tell anyone to follow + he donest know who is reading his comments. moreover he is not making money from us. when i say this because i also loose ,money when i follow his comments,,, but after some time i reallise that i didnt follow well,,,, + i dont wait for long ,,, for wining possition or loosing one. i guess i read all the fxstreet blog from others ..to be honest Dr. comments are more useful than others..
thanksss
saeed
Thanks for your comments ” traders”.
Wim
I agree with you as I do with the others on this thread. I started a month ago and made 700% so far, reading various analyses but also making my own decision at the end of the day. You don’t like this — don’t listen, don’t follow. Easy, eh?
Dr. doc,
sorry dont really understand the post, which means the reversal will be postpone? or it will still start next week?
thanks
Good evening Dr. Sivaraman,
do you think the cross GBPJPY is a good short around 162?
Thank you
Dear Rohan
You have to contol your emotions like how you control your emotions in public places.Avoid looking at market continuously for more time.Take breaks,relax and see - understand up and down moves are part of marker moves,take very less positions,focus on trade rather than reading many reports frequently,develop your sense of judgement,plan the trading strategy before taking position- assuming how you will handle position when the market moves in your favor or against you,avoid becoming addict to trading,give importantance to your other day to day work,try to read the intentions of the players and then decide upon the trades.Maximize profit only using trailing stop and limit and not by greed,avoid panic by limiting the risk and accepting the risk with your extra money and not the essential money meant for your life support.
You will gradually improve in controlling emotions not only in trades but also in your day to day decision making situations.
Regards
Dr.Sivaraman
Dear mice
EURO/GBP is still having potency to to rise 200 pips and then drop.
Regards
Dr.Sivaraman
Dear j.j
still the players are not finished selling their long positions.So they intend to drag the higher level wide range swings for early next week.
Regards
Dr.Sivaraman
dear Rachael
All the things you mentioned are taught in my professional trader training.Still you can continue to read the blog and trade wisely using common sense.
Regards
Dr.Sivaraman
Dear Nazali
The players have not build the short positions for them to drop big.So we will see rise and falls in this range till early enxt week.
Regards
Dr.Sivaraman
Dear Wim
I take your advise for the traders but not the very wide stops.Because in the process of earning we should not lose such big money.
Regards
Dr.Sivaraman
Dear B€hr
You can see in the market the players are still doing extended move .So they could rise to high set for today towards close.
Regards
Dr.Sivaraman
Dear carlab
Players are buying EURO and GBP when traders sell.So they will make another attempt to rise and induce short covering.
Regards
Dr.Sivaraman
Dear su25
The players made the maximum downward net change towards close of European session to rise during US session now.They will create the panic rise next week when many hold the longs and shorts thinkung that if we wait we can booking profit in ranging market.
Regards
Dr.Sivaraman
Thought I should share something I finally got to appreciate and understand after reading and posting many queries to Doc (and he answered all of them, thanks Doc).
Every trader is aware of a daily range, and this is quite crucial for intra day trading as well as for initiating trades and placing stops. Many recommend not to initiate trades if the daily range has been done, and many others say that a good portion of the daily range is done in the first hour of a session.
Net change, a concept stressed by Doc, is a good tip, which if understood well, can be implemented profitably into one’s trading style.
I always viewed daily range as that from the high and low made for the day. Net change explains why the daily range between the high and low for the day can be so wide, and to not be impulsive or panic while trading.
And, what happens when the daily range is done in the first few hours of the session - will price not move at all during rest of the session? This is where Doc’s concept of 10~30 mins and 30min~2hrs strategy works. However, key to this strategy is to understand that the new high/low of the previous session or previous day’s high/low has to be considered. I took a long time to grasp this concept, but once I did I got more confidence in taking counter-trend trades too, for intra day trading.
I have been critical of Doc too, because along with others, I found it difficult to understand his concepts, therefore, misread his calls. I incorporate his concepts in my own trading style and analysis. Although, I should admit that his forecast has been pretty good in the past few weeks, and I gave up long ago to try to learn how to forecast - it is based on an algorithm which will always be beyond my understanding.
Dear su25
to close the position also follow 10-30 min watching of the market when they formed the high and keep a limit near high set for the day and trail the 30 pips stop in profit making position from the market.The market can close the position with trailing stop or the limit.
Regards
Dr.Sivaraman
Even Francesco doesn’t now..
I will tell, here’s my secret: short EUR/USD trade at 1.4086 stop 1.4352 and target 1.3410.
Dear rebecca
the players are not ready to drop the market as trending move.So there will be one more rise during early next week.
Regards
Dr.Sivaraman
Well, i am honest “short EUR/USD trade at 1.4086 stop 1.4352 and target 1.3410″
Not move up, move down, stophunt here, stophunt there,..
Dear Francesco
When there is quick rise in GBP/YEN take short and not when they hold near high for long time.
Regards
Dr.Sivaraman
Wim
this is not your blog and people visit here to hear the Dr’s views not yours - start your own blog!!
Dear Wim
Control your emotions that will help you to have grip in your trades.
Regards
Dr.Sivaraman
Dear su25
There is pre conceived ideas among traders that the analysis need to be more complex to trade.hence the acceptance is not coming easily for many.But in the long run a constly experience might make them to understand the reality in the market.
Always new approaches will have protest,that is human because the mind does not accept changes so quickly.hence players quickly change the market sentiments and act against the traders day in and day out.
Thanks for your explanations and appreciations.
Regards
Dr.Sivaraman
Dear SU25,
Perhaps you could in a few words describe your understanding of the 30m-2hr rule. The 10-30 min rule shold be clear to all by now.
best, Emil
I’m not at all familiar with the 10-30 or the 30-2hr, so any information would be most welcome.
I was wondering how to tell when the players have finished their play, i.e. how to tell that they are ready to drop/rise markets, what is the tell tale sign. does it have something to do with these rules
Dear Doc,
Many thanks for your continous input to your blog which I with many others do appreciate and also benefit heavily. I take your expert opinion to confirm my own opinion which is not very experienced yet. Thanks again for your work and I look forward to learning a lot from you here and at the professional training service soon. Kind regards..
Dear Dr.
Do you think that GBP/USD still might rise around 1.6600 next week or it’s highly impossible.
wim ……blog off
can someone block WIM as he looks whimsical!
Joshhh
Thank you Dr.Sivaraman,
I understand your meaning.
We need to see a fast 200 or more pips upmove aiming at shaking the shorts out before the fall can start.
I know you are talking of something that happens in 1 - 2 hours time, but don’t you think that Thursday’s upmove was constant and slow but also big, and therefore we started to see EUR and GBP weakening this Friday?
Do you see this as a timing to accumulate longs and wait for the fast move to unload them and revert into shorts?
For sure fast spikes generate excess and then quicker chances of making profit, but sometimes the market is just calm and takes its time (week and month ends apart
)
Data releases are also to consider.
I also noticed that equities do move and ifluence the currency market, or maybe even viceversa.
Therefore my idea is to use 1/3, sometimes even 2/3 of my capital in trailing (using tight stops) and the rest in position trading.
This allows me to exploit the fast intraday moves that we often may see in order to balance and adjust my position trading moves, which can’t always be accurate and subject to temporary or final losses.
I often see red on my temporary balance but eventually most of the position will be closed with substantial profit.
What we are learning from your ideas is very useful and important as support to our stategies.
Regards and wish you a nice weekend
10~30 mins rule for FALSE breaks
Definition:
When price stops cutting the PREVIOUS low/high for 10~30 mins, then a buy/sell position can be taken. If price continues to trade below/above PREVIOUS low/high for more than 10~30 mins, then a sell/buy position can be taken.
Interpretation:
1. Previous could be the previous SESSION’s low/high or the previous DAY’s low/high, whichever is closer to the price.
2. New low/high is that which is posted after a break of PREVIOUS low/high.
3. If price has marginally traded below the PREVIOUS low/high (thereby a new low/high is created), then moved back to the above/below PREVIOUS low/high, AND price has traded above/below the PREVIOUS low/high for more than 10~30 minutes, then the break of previous low/high should be considered a false break.
4. On this confirmation of a false break, a long/short trade can be initiated with hedging orders in place. I prefer to keep hedging orders below/above the new low/high. Please consider money management while placing hedging orders. Doc recommends hedging order 30 pips away from entry.
5. Ideally this should happen during the start or end of the session.
6. This rule should be applied cautiously during Gap Time and before/ immediately after important announcements/data release.
I hope Doc will comment if anything mentioned is not in accordance with his interpretation.
30 mins~2 hours rule for NEW SESSION lows/highs
Definition:
When price stops cutting the NEW low/high for 30min~2 hours, then a buy/sell position can be taken.
Interpretation:
1. Previous could be the previous SESSION’s low/high or the previous DAY’s low/high, whichever is closer to the price.
2. New low/high is that which is posted after a break of PREVIOUS low/high.
3. When price has moved significantly below/above the PREVIOUS low/high, and a NEW low/high is created, which is not traded for 30 mins~2 hours, the NEW low/high should be considered as the SESSION low/high.
4. On confirmation of the new session low/high, a long/short trade can be initiated with hedging orders in place. I prefer to keep hedging orders below/above the new low/high. Please consider money management while placing hedging orders. Doc recommends hedging order 30 pips away from entry.
5. Ideally this should happen during the early part of the session.
6. If this happens during towards close of the session, then wait for the new session to begin as moves during gap time may trigger the hedging orders.
I hope Doc will comment if anything mentioned is not in accordance with his interpretation.
Thank you su,
very useful as well!
Chart settings for Implementation/Application of the rules:
I cannot trade without charts, and I cannot implement these rules unless I use the following settings:
1. Time Frame: 1 minute. You can try with five minutes, but any higher time frame does not work for me.
2. Draw coloured boxes for the 3 sessions. This will also assist in highlighting Gap Times for the day.
3. Draw PREVIOUS day’s high and low, as well as high and low for EACH session for the day.
With these chart settings, I find it easier to implement the 10~30 mins and 30mins~2 hrs rules. However, I use my own analysis and techniques for entering and exiting trades, as well as stops. I strongly suggest that one should have their own set of rules for entering trades, and the entry/exit rules may be “borrowed” from others, but ultimately it should be adapted to call it your own!
Trade set up for GBP/USD on Jun 12
Use the chart settings and have a look at GBP/USD chart for June 12, and then decide for yourself whether or not Doc’s Rules could be applied. And, you can probably also see how easy it was to apply those rules on 1 min chart rather than 15 mins or higher time frames.
1. Can you see that as soon as European session opened, price could not go significantly above Japanese session low?
2. A new SESSION low was made during European session, and notice how previous day’s low was breached by a few pips, but price bounced back above previous day’s low.
3. Notice that at the start of US session, the US session low was printed, but was above Previous day’s AND previous (European) session lows.
5. During US session, price went up, and tested Asian session lows, and close to European session highs.
6. Another tip – calculate the net change when price was at European session lows. Now, you have two of Doc’s indicators which supported a buy trade – net change was done for the day, and the 10~30mins and 30mins~2hrs rules.
7. One could have captured about 80% of the down move during European session with a sell/buy strategy, and another 80% of the up move during US session with a buy/sell strategy.
8. Use your own analysis, entry/exit rules, good money management, and use Doc’s rules as additional confirmation (and for those who use Doc’s rules as primary indicator, then use other indicators as additional confirmation :))
Trade set up for GBP/USD on Jun 12
Use the chart settings and have a look at GBP/USD chart for June 12, and then decide for yourself whether or not Doc’s Rules could be applied. And, you can probably also see how easy it was to apply those rules on 1 min chart rather than 15 mins or higher time frames.
1. Can you see that as soon as European session opened, price could not go significantly above Japanese session low?
2. A new SESSION low was made during European session, and notice how previous day’s low was breached by a few pips, but price bounced back above previous day’s low.
3. Notice that at the start of US session, the US session low was printed, but was above Previous day’s AND previous (European) session lows.
5. During US session, price went up, and tested Asian session lows, and close to European session highs.
6. Another tip – calculate the net change when price was at European session lows. Now, you have two of Doc’s indicators which supported a buy trade – net change was done for the day, and the 10~30mins and 30mins~2hrs rules.
7. One could have captured about 80% of the down move during European session with a sell/buy strategy, and another 80% of the up move during US session with a buy/sell strategy.
8. Use your own analysis, entry/exit rules, good money management, and use Doc’s rules as additional confirmation (and for those who use Doc’s rules as primary indicator, then use other indicators as additional confirmation:))
Thanks su25, thats really helpful
Duration:00:30 -07:00 GMT - Gap time :07:00 -07:30 GMT
Duration:07:30 - 13:00 GMT - Gap time :13:00 - 13:30 GMT
Duration:13:30 -20:30 GMT - Gap time :20:30 - 00:30 GMT
What are GAP times?
Are you taking highs/lows only from non gap times for each session, so if a high/low comes in a Gap time what do you do?
Thanks Again for your contribution
Gap time as understood by me, is that period of time when none of the major (Japanese, European or US) are active/open. It can also be viewed as that period of time when the “operators” are not trading.
For day’s high/low, I do consider gap time high/low. For high/low of sessions, I ignore gap time as it does not fall under any session.
Doc says that gap time moves are false moves, but I have not completely understood this i.e. I have observed that sometimes it is false and at other times it is the intentional move. Therefore, I said trade cautiously during gap time using this rule.
Dear Su25 and others
I am happy some interactions have happened among the viewers and Su25 gave explanations for the market readings.This sort of recollection of the concepts from time to time will eleminate the fear among traders and feel the market is tradable and volatility is really good trading opportunity rather than keeping away from market.
Finally I request all the viewers top develop their own insight of the market perception that will help quickly the trading decisions.
Regards
Dr.Sivaraman
Just made 200 pips on my short trade. Decided to take the money.
Wim, you are a troller hoping to get people from this blog to ask you how you trade so that you can then direct them to your website in the hope that you can get them to one of your clickbank affiliates.
In other words people “WIM” is an internet marketer trying to get your money.
If you would like to know how i know who you are Wim then feel free to email me.
If you would prefer me to expose you Wim on here and every forex forum then just ask
Lol Frank. I’ve posted that trade here on friday (see post 6), what’s wrong with that…
Are you an internet marketer Frank? What’s wrong with that..
Do I recommend a trading system here..i guess not and i will never recommend one.
Maybe you’ve just lost 200 pips.