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EURO and GBP are expected swing with downward stop hunt and rise

Posted on July 1, 2009 at 6:50 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the quick slide during US session and firmed up some towards close for month end.

Now for new month beginning EURO and GBP are expected to swing and make downward stop hunts during japanese and European sessions and firm up from lare European session till US session close.

Tomorrow more aggressive up and down moves are expected .Quick rises are sell position taking opportunities to cover during the drops.

Regards

Dr.Sivaraman

31 Responses to “EURO and GBP are expected swing with downward stop hunt and rise”

on 01 Jul 2009 at 7:08 am1Gregor

Dear dr.,

can we expect GBP to rise above 1,67 or even higher today or tomorrow before next week drop?

Thank you,
Gregor
on 01 Jul 2009 at 7:56 am2balanced

When you enter the market do you know where you stop is first before you enter?
on 01 Jul 2009 at 8:27 am3glen

Dear Dr.,

“Tomorrow more aggressive up and down moves are expected”–Does it mean GBP can be 1.66+ before big drop tomorrow? Many thanks!
on 01 Jul 2009 at 8:31 am4balanced

In the EU the sold them off at end of Asian and then they bought them back past the Asian highs of which they sold them off during Tokyo close. Now do you think they will sweep the lows of the Asian session or are we in for higher lows and higher highs from mid European session into the US session?
on 01 Jul 2009 at 9:23 am5Dr. S. Sivaraman

Dear Gregor

Yes- the present consolidation for the upward breakout.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 9:24 am6Dr. S. Sivaraman

Dear balanced
I decide to enter and keep my stop 30-35 pips away from entry level as soon as the order is placed for entry.I take limited risk and maximize the reward.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 9:25 am7Dr. S. Sivaraman

Dear glen
Yes we will see near season high takenout and a new low.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 9:27 am8Dr. S. Sivaraman

Dear What they do is not very important to us- what we can do as safe trades are important to us.They are expected to swing and rise euro today.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 9:28 am9Reez

Dear Dr,

Hope u’r at the best of health.
Dropping by to ask u if gbp/usd will touch to 1.59 in a week time or no.

Thanks in advance.

Regards,
Reez
on 01 Jul 2009 at 10:02 am10Ahmed

Dear Dr,
Once again thanks for the wonderful webinar.
Here is a question:
On trending days,when markets keep cutting initial HI/Lo by making new Higer highs or Lower Lows and price never comes back to initial Hi/LO; in this situation is there any significance remains for initil Hi/LO and how trading can be done on such days?
Please spare some time to show your thoughts on this issue.
Regards
on 01 Jul 2009 at 10:07 am11Joe

Hi Doc,

Do you think the Market makers are now buying up Longs from the people shorting ?
Also, do you think that we could have a big downward stop hunt to say 1.63 before it can get past the 1.65 level ?

Many thanks.
on 01 Jul 2009 at 10:13 am12jason

Hi Dr

Like to find out whether it is safe to go long on the gbp here at 1.6430 as the low has not been cut for a long time.

cheers
jason
on 01 Jul 2009 at 10:13 am13Francesco

Good day Dr.Sivaraman,

yeterday GBP downmove surprised me and I am still holding my longs from 1,6545.
Hopefully we will see some strenght, though I am noticing players are still holding Cable.
Though I saw this before, I am still a bit worried but also convinced we could see more up and downs before trend reversal.
I never learn enough and I thank you again for your constant efforts and daily precious suggestions

Regards,
on 01 Jul 2009 at 10:57 am14oxgn

Dear Dr,

Do you expect USD/JPY to reach 99 soon?

Regards
on 01 Jul 2009 at 12:37 pm15Kevin

Dear doctor, are you expecting EU and GU to swing and rise for a few days more than swing and slide? Will we see the 1.4152 and 1.6742 broken soon? Thank you again for the calls today very profitable!
on 01 Jul 2009 at 1:33 pm16ejthekkan

Dear Dr.
Your assesment about the market dirn and strength are looking very much correct. Many many thanks for guiding us thro the blog etc.
on 01 Jul 2009 at 2:07 pm17Dr. S. Sivaraman

dear Reez

We could see the drop on friday and next week.The level could be reached.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 2:45 pm18Dr. S. Sivaraman

Dear Ahmed
Initial lows and highs are reference levels from there the players widen the spread by cutting low or high or both depending upon the positions of the traders.So every day we will see intra-day trend reversals- when you look at channels we may see the swings as trending but only position trades can be taken following the trebd.If we recognise intra-day trends and trend reversals we can identify the swing trades.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 2:46 pm19Dr. S. Sivaraman

Dear Joe
The players make the market appear like what you expect and act againt the expectations of the traders.current rise could explain that.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 2:51 pm20su25

Dear Doc
Need help in interpreting the following for Eur/Usd:
- Cut yesterday’s high by a few pips during gap time;
- Close to 75 minutes since session start, and the high was not cut;
- Max net change is about +130; and
- You are expecting firming up during US session.

Dilemma is whether to short or wait to go long after break of high (but not much net change balance remaining for today) or do nothing?

Thanks
on 01 Jul 2009 at 3:30 pm21mice

Hi Dr

could we still buy and close it on the next rise

regards
on 01 Jul 2009 at 3:42 pm22Nazali

Hi Dr

Will gbp do more rise tomorrow and reach around the 6700 level? Many thanks.
on 01 Jul 2009 at 3:55 pm23Dr. S. Sivaraman

Dear su25
Shorting may give some 20-30 pips swing trade profit.Buy during the dip may appear risky without hedging to limit the risk.But if you use hedging order and then able to place stop at entry once the position makes profit and allowing it to earn more using trailing stop of 30-35 pips in profit making position can give the trading opportunity.keep in mind that market continue to give trading opportunities.so if missed this time - there will be another change as well - patience is virtue in such situation.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 3:56 pm24Dr. S. Sivaraman

Dear Nazali

Expected.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 4:03 pm25Francesco

Dear Dr.Sivaraman,

what do you expect for EURGBP?
on 01 Jul 2009 at 4:16 pm26su25

Dear Doc
Thanks for your reply, and the market action also concurs with your views once again!
on 01 Jul 2009 at 4:18 pm27Ahmed

Dear Dr,
Thank you very much for your detailed reply.
Regards
on 01 Jul 2009 at 4:32 pm28Gregor

Dear dr.,

could you say a few words about usd/chf? I think buying at around 1,07 is very attractive…

Regards,
Gregor
on 01 Jul 2009 at 5:38 pm29Dr. S. Sivaraman

Dear Francesco
I explained in today’s webinar that the players want to rise EURO/GBP by making net change in euro and EURO/GBP positive and GBP negative.hence now the maximum net change is almost maximum for the day in EURO and in GBP it is hardly 50 pips positive.One more rise is expected.
Regards
Dr.Sivaraman
on 01 Jul 2009 at 5:39 pm30Dr. S. Sivaraman

Dear Gregor
you can buy but the waiting to book profit will take longer time.
Regards
Dr.Sivaraman
on 02 Jul 2009 at 1:47 am31Francesco

Thank you Dr.

was a webinar on yesterday?

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