40 Responses to “Week beginning swings”

1. on 13 Jul 2009 at 5:11 am1Francesco

   Good day Dr. Sivaraman,

   how do you see the move we saw today early japanese session when EUR and GBP touched daily highs?

   I closed the longs opened on Friday with profit, waited for the price to drop to open a new long position at lower prices.

   Do you think we could see higher levels for the european currencies in these two - three days?

   Regards

2. on 13 Jul 2009 at 5:49 am2Arun Kandyal

   Hi Dr
   How are you? do you think a long position can be taken from 1.6100 level.thx

   Regards
   Arun Kandyal

3. on 13 Jul 2009 at 6:00 am3Rich

   When you say “undercut the low for 30 min or 2 hrs” you don’t mean by 1 or 6 pips, you mean a new level, 15 or more (ish)?

4. on 13 Jul 2009 at 6:50 am4smith

   Dear Doc,

   The majors started the week with huge drop. So is this the initial move and we will see rising this week? However you mentioned earlier “during US session swing and firm up moves are expected as week beginning false move”.
   Which session’s move show us the false move?

   regards
   smith

5. on 13 Jul 2009 at 7:13 am5Dr. S. Sivaraman

   Dear Francesco & smith

   We could see the high being cut during late european or mid US session today.They have cut the low now as week beginning false move.
   Regards
   Dr.Sivaraman

6. on 13 Jul 2009 at 7:14 am6Dr. S. Sivaraman

   Dear Arun Kandyal
   if the low is not cut for 30 min from start of European session after 08;00 GMT long can be taken.
   Regards
   Dr.Sivaraman

7. on 13 Jul 2009 at 7:15 am7Mohi

   Dear Doc,

   Are you expecting GU to hit higher highs in next 2/3 days? Thanks and regards..

8. on 13 Jul 2009 at 9:13 am8Francesco

   Thank you Dr.Sivaraman,

   What do you think of AUDUSD?
   I noticed an increase of volatility on this pair.

9. on 13 Jul 2009 at 9:29 am9Pantani

   Dear Dr. Sivaraman

   I am new to your blog and method so please excuse the question.

   I am confused by the times you quote …. all GMT. London is currently on BST ie 1 hour ahead of GMT. Therefore, when you quote 08:00 GMT do you mean 09:00 London time currently.

   Perhaps other readers may be able to help.

   Regards

   Pantani

10. on 13 Jul 2009 at 9:41 am10Nazali

    Hi Dr

    the drop in gbp is slow - does that imply todays intentional move? Even if it’s a false move for the week is it an intentional move for today? Many thanks

11. on 13 Jul 2009 at 9:47 am11su25

    Dear Doc
    You say that quick moves are false moves, and slow moves are intentional moves. If the quantum of quick moves is more than that of slow moves, and the quick moves happen in succession, do we continue with the assumption that they are false moves? When can we start assuming that the false moves have indeed become the intentional moves?
    Thanks and regards

12. on 13 Jul 2009 at 10:26 am12smith

    Dear Doc,

    you mentioned that in July 2 weeks of drops and 2 weeks of rise in EURO,GBP and USD/YEN as contrarian moves. What levels do you expect reachable in this period mainly in GBPUSD and USDJPY? the one sided move might push the pair 1.66 (GPB) and aruond 95.00 (JPY)?

    regards,
    smith

13. on 13 Jul 2009 at 10:54 am13Nazali

    Hi Dr

    When the high/low is cut and stays above/below how long should one watch and wait until buying/selling in to the new level at a suitable dip? Many thanks

14. on 13 Jul 2009 at 10:54 am14radha

    Pantani,

    Your understanding on GMT is correct.

    Thnx

15. on 13 Jul 2009 at 10:56 am15Constantin Lucian

    su25 i have been following this rule for the last month writing down every end day net change in eur gbp aud and chf. The rule is best respected in second and third week. I noticed that if we have a negative net change at the end of monday this will be translated as false move and if you took a buy position let’s say at 20:55 gmt you will see profit by the end of the week(sometimes 150 pips early as 2 days and sometimes 100 pips -150 pips by the end of the week). So i will adapt the rule to a strategy that allows me to enter at the end of the day depending of the net change(one last thing…make sure that the net change is not 2 or 3 or 10 pips…the best signals are when you see 30 ;50 ; 100 ; 150 etc)

16. on 13 Jul 2009 at 10:58 am16Pantani

    Radha, many thanks.

    Much appreciated.

    Regards

    Pantani

17. on 13 Jul 2009 at 11:06 am17su25

    Constantin Lucian, thanks for sharing.

18. on 13 Jul 2009 at 11:24 am18Dr. S. Sivaraman

    dear Mohi

    yes
    Regards
    Dr.Sivaraman

19. on 13 Jul 2009 at 11:25 am19Dr. S. Sivaraman

    Dear Francesco
    expected to swing and rise.
    Regards
    Dr.Sivaraman

20. on 13 Jul 2009 at 11:27 am20Dr. S. Sivaraman

    Dear Pantani

    you please check in live market quote page http://www.i-knowindices.com/saxo_bank.htm the curent time and relete to your local time - then try to follow the market in GMT time - this will help you to reach the market in any time rather than expecting the market to fit toyour local time as the market is 24 hrs in a day.
    Regards
    Dr.Sivaraman

21. on 13 Jul 2009 at 11:33 am21Dr. S. Sivaraman

    dear Nazali
    they intend to drop and rise.
    Regards
    Dr.Sivaraman

22. on 13 Jul 2009 at 11:35 am22Dr. S. Sivaraman

    Dear su25
    the reversal of the quick move is hold and reverse with firming up move for 30 min and hence they stop cutting the new low - that is the reversal point.they make a quick drop and recover some and then make another quick drop and hold then reverse after cutting the new low by a few pips.
    Regards
    Dr.Sivaraman

23. on 13 Jul 2009 at 11:36 am23Dr. S. Sivaraman

    Dear smith
    By end of the month we will know what the forecast estimated is correct or not/I am expecting it to happen.
    Regards
    Dr.Sivaraman

24. on 13 Jul 2009 at 11:37 am24Dr. S. Sivaraman

    dear Nazali

    the market changes the intra-day swings trends every 30 min to 1;30 hrs- you wait for the time and act.
    Regards
    Dr.Sivaraman

25. on 13 Jul 2009 at 11:44 am25Pantani

    Dear Dr Sivaraman

    Many thanks for the clarification.

    Much appreciated.

    Regards

    Pantani

26. on 13 Jul 2009 at 11:44 am26su25

    Dear Doc
    If currency pair xx/yy started to drop from 1000 to 900 quickly and then moves to 950 and then to 850 and hovers around 850 for 30 mins, and then moves to 830 and goes back above 850, this is the reversal point, correct? - i.e. the new low is not sustained by more than 10 (??) mins.
    Thanks

27. on 13 Jul 2009 at 11:48 am27su25

    Constantin Lucian, I tried to thank you for sharing, and my post disappeared. I tried to post again, it said duplicate comment. Hope this one is uploaded without problems.

28. on 13 Jul 2009 at 12:11 pm28Constantin Lucian

    Dr you said 2 weeks drop and 2 weeks rise in eur gbp and usd jpy. 1 week of drop we had, does this week mean the second drop and then 2 weeks rise? or we should see something like 1 week drop this week rise next week drop and last week rise? Especially in usd jpy. Thank you

29. on 13 Jul 2009 at 1:09 pm29Dr. S. Sivaraman

    Dear su25
    YES
    Regards
    Dr.Sivaraman

30. on 13 Jul 2009 at 1:11 pm30Dr. S. Sivaraman

    dear Constantin Lucian
    @ weeks slide is over.Now from the slide level to rise for another 2 weeks is expected.
    Regards
    Dr.Sivaraman

31. on 13 Jul 2009 at 2:01 pm31EC

    Same story in the markets again! Is this going to have any and at all. When is the big rise going to happen?

32. on 13 Jul 2009 at 2:21 pm32johnra

    Dear su25
    In comment 25 did you mean the move from 850 to 830 was a stop hunt?
    Kind Regards

33. on 13 Jul 2009 at 2:25 pm33su25

    Dear Johnra
    Yes, from what I understand, reversal is after a stop hunt i.e. cutting the low, but price not able to sustain below the new low.
    Regards

34. on 13 Jul 2009 at 2:40 pm34Dr. S. Sivaraman

    Dear EC
    firming up is expected in this session.More rise expected from tomorrow.
    Regards
    Dr.Sivaraman

35. on 13 Jul 2009 at 2:42 pm35johnra

    Dear su25
    Understood and thanks for the Prompt response.
    Kind Regards

36. on 13 Jul 2009 at 6:12 pm36Ange

    dear Doc,
    sorry in advance for asking a question which you might have answered earlier already… when is the daily net change calculated? is it between 0130 and 0230 GMT or is it calculated for every session?
    thanks
    Ange

    su25 or others who are more seasoned members- could you mind explaining this bit, if you see this request before the Doc (just to save him the trouble of having to repeat himself)

37. on 13 Jul 2009 at 6:16 pm37Constantin Lucian

    Well we use http://www.i-knowindices.com/saxo_bank.htm were net change is already calculated. Net change is calculated on a daily basis from 21:00 GMT to 20:59 GMT (24 hours)

38. on 14 Jul 2009 at 12:04 am38jefe

    Constantin-

    IIRC you were working on a chat room, did this ever develop?

39. on 14 Jul 2009 at 3:36 am39Dr. S. Sivaraman

    Dear Ange
    The previous day closing level is calculated by 21:00 GMT.,withat the current market level is compared and automatically the net change is updated during every pip move of the market throughout the day and is seen in live market quote page.
    The initial high and low are set between 02:30-03:30 GMT.Then the market goes above cutting the initial high or goes below by cutting the initial low.
    Regards
    Dr.Sivaraman

40. on 29 Aug 2009 at 7:59 am40MICauthMuch

    Hoodia
    The plant also has other qualities which are still being researched to this day.

Theme by Forex Street Powered by Wordpress