Operators' intentions read by 
EURO and GBP closed flat near low for Friday the week end due to US holiday.
During Japanese session EUEO and GBP made the dip along with USD/YEN as initial move for the day.They are expected to close near high for Japanese session.After brief swings they are expected to rise above high during European session.Towards close of European session and early US session again a quick drop is expected and then a rise during US session.Players are expected to make the week beginning false move tomorrow - a very quick rise in EURO and GBP along with USD/YEN and then slide in this week from mid week.Low volume participation from traders is expected to drag the market moves.Again the drop from mid week many not be very big again due to low volume participation from traders.
I will update if needed during the day if there is change in market moves .
Regards
Dr.Sivaraman
Dear Dr.
GBP did not rebound and spke up to 1.67 last week, do you expect it do achieve that during tomorrow’s “very quick rise”?
Many thanks!
when will be the really big drop expected?
thanks
Hi Doc,
Last week Thursday your forecast was for a quick rise and now it is monday. GBP/USD has been falling contrary to your forecast. Is this because of thin trading. Does your forecast just depend on how quickly the players can build up their short positions. Hence now your call for the quick rise to occur tomorrow.
Good day Dr.Sivaraman,
I am still holding on my long positions and I am a bit worried at these levels cause EUR and especially GBP seems willing to fall more.
Maybe we will see a bounce from here before keep falling, but GBP alreadt reached 1.62 and I doubt we could see the higs soon again…
Regards,
We are in the same situation, Francesco. I’m long too.
I think the big boys doing dip to make small players panic and capitualate and give back our long positions (with loss) to them or take shorts (too late). Then the market will be ready to rise and short holders will be in loss again. I will wait right now. What do you think Doctor? Is it a good idea in current situation?
Doctor if GU is tanking hard for the past couple days are the players building long positions? How do you know they didn’t setup short positions when price was 1.6700 before? thank you.
We saw these moves before creating the bearish feel. I don’t like to go short but see it as an oppertunity to go long.(hope i am right with my view).
Good trading.
Doc:
Do you think GBP will test 1.60 before further rise? Would it be a good short around 1.63? Thx
Shiv
Dear Doc,
Perhaps the false move was to go down on monday, so gu can climb up later in the week? I am surprised with the move happenned this morning? Regards..
Dear glen
Yes I expecte the rise today and tomorrow to around 1.66 area.
Regards
Dr.Sivaraman
Dear rebecca
rally may not happen in thin volume market.They can only make induced drop and induced rises.
Regards
Dr.Sivaraman
Dear joe
Yes
regards
Dr.Sivaraman
Dear Francesco
what appears unlikely happen in the market
Regards
Dr.Sivaraman
Dear Adam
your understanding is correct.You will be able to see the result if your patience by US session today.
Regards
Dr.Sivaraman
Dear dr.,
net change in gbp is already -200 pips. Go long?
Regards,
G.
Dear Kevin
1.67 are they built short but not desired quantity.Hence now quick drop to buy and rise again to built further shorts.hence prolonged time frame of wide range swings.
Regards
Dr.Sivaraman
dear Wim
developing one’s own insight is very important to make fearless trades.
Regards
Dr.Sivaraman
Dear Shiv
Do the trades in demo trading platform then you will understand whether gbp can go to 1.60.Also short at 1.63 afer rise and see where it goes - so that you will understand that the mind stretches levels out of fear.when gbp is at 1.6130 area 1.63 will look like a level to short once it is reached your mind set will change.But the players are expected to take to 1.66 area before the next drop.
Regards
Dr.Sivaraman
Dear Mohi
Understand that market can only make up and down moves.the the surprise will go away and it will not trigger your panic.
Regards
Dr.Sivaraman
Dear Gregor
they made the extended downward move - so we need to wait for 2 hrs to see whether they cut the low again - then take long from definite rise.also if they have reached net permitted level for the day.
Regards
Dr.Sivaraman
Dr. Sivaraman: I agree this is not the final drop, I expect a move up in Eur and GBP/USD before seen lower lows. But I doubt will see as high as 1.66 or above 1.41 in these pairs.
I send you the following addres concerning regulation by NFA about hedging positions. Do you have an opinion regarding these, please?
http://www.fxstreet.com/education/forex-basics/the-new-nfa-regulation/2009-06-29.html
Tks very much for your efforts and comments.
HI Doc,
Once again, you are right. Looking at Cable, in 2 hours time they are back to initial lows & breached it by few pips. Does this mean that it may be good to go long if it goes up by 20-30 pips in next 30 minutes?
regards
Joshhh
Dear carlab
I have already given my opinion while answering many questions and also blog postings about hedging - recoval of hedging facility can benefit only players and not traders.we will see down the line US platform providers reintrodicing hedging as earlier.
Regards
Dr.Sivaraman
Dear joshhh
Yes
Regards
Dr.Sivaraman
i am thinking that predictions are really unrealistic and can be misguiding depending on a traders knowledge,experience and ability. Really we can only react to the market as we see it.
to say it will rise is correct to say it will fall is correct - if it falls quickly for 100pips - is that a false move or if it drops 300pips in a day is that a false move cause we are expecting rise..
really we can only react and not forecast - as at any minute the market will go up or down.
it is all about being experienced and reacting, it really doesnt matter which way it goes - and i think it is more harmfull to have a preconcieved idea on where the market is heading before you sit down to trade