Operators' intentions read by 
EURO and GBP are making higher level consolidations from start of the day during japanese session.they are expected to make higher level consolidation with brief upward stop hunts during early European session.then swing quickly between high and low during BOE rate announcement time.later again make volatile moves during ECB rate announcement time and ECB press conference time.Later slide during close of European session.Then a rise during gap time and early US session and slide are the expected expected moves.
Tomorrow also before NFP data release they are expected to drop quickly during European session and then recover during US session for week end.
I will give further update if there is any other intention is observed.I will also explain during ‘Tracking the forex market together part I and part II webinar times - 09:00 and 13:00 GMT the expected moves and the possible trading decisions using hedging orders and how to handle hedgings if filled..
Regards
Dr.Sivaraman
Dear doc
does that means tht there are less chances of the big drop now?
regards
Thanks Dr. Do you see UY follow the same moves as contrarian moves?
Dear Doc,
thank you for your recent comment. As I read you don’t expect big downward correction in EUR and GBP, just drop and rise, so range trading with the same conditions like in the past few days. Is it possible we can not see the EUR below 1.43 before the next rise?
regards,
smith
Dear Doc,
Are you expecting usdchf to go to 1.1 level anytime soon? REgards..
Dear doctor, if drop and slide, EUR and GDP will make a recover to their recent heights by the end of this week?
Thank you doctor
simply amazing.
Thanks Doc for your calls.
regards
Joshi.NZ
thank you thank you so much, drops came as expected on GU. I guess they will use the EBC Conference news as an excuse to drop EU? Thanks doc again!
Dr thanks,how big will the next rise be
,up to 1.69+
rgds
Dear Emil
USD/YEN is expected to gain now as usd gaining move when euro and gbp drop and later euro and gbp are also expected to gain as contrarian move.
Regards
dr.Sivaraman
Dear smith
I mentioned duribng todays asian session webinar till tomorrow European session the drop is expected and then rise.
Regards
Dr.Sivaraman
Dear mohi
yes during the course of this month.
Regards
Dr.Sivaraman
Dear Sam & freddie
probably by tomorrow or by early next week.
Regards
Dr.Sivaraman
Dear rich & joshhh
Thanks
Regards
Dr.Sivaraman
Dear Kevin
yes possible
Regards
Dr.Sivaraman
Respected Doctor,
Just to show my admiration for all the valuable information in today’s wonderful webinars.In fact I am at a loss to find words to express my gratitude.All I can say is your knowledge about the markets and your psychological insights are the best.
Regards
Dear Dr. Sivaraman,
thank you for your precious comments and insight.
Now I can say I have a new idea of how forex market works, though I still have much to know and learn, I can say that I am learning a lot from you.
Many thanks!
Dear Ahmed & Francesco
thanks
Regards
Dr.sivaraman
Hello,
I think 1.6770-1.6810 is an opportunity to long, do you agree, Dr?
tks!
Insightful as always DR. Reading your blog has really help me advance as a trader.
Thanks again.
Greg
Dear Doc,
the patience was tested again as always, but it was a great call.
Thank you
smith
Dear glen
watch the market and see how they are handling net permissable limit for the day and then decide- simply assuming levels may become wrong later.
Regards
Dr.Sivaraman
dear Greg & smith
thanks
Regards
Dr.Sivaraman
Dear Dr. Sivaraman,
I am expecting EUR to drop to 1,42 or maybe slightly below and GBP to 1,66 - 1,6650, if not tomorrow maybe next Monday.
I prefere not to operate in the “middle range”.
Do you think we could really see those levels as a new buy opportunity?
Thank you!
Dear Doc,
Gbp net change has been over 200 pips,as the permissible is 250,does it mean it will not drop any more?
Dr,
Thanks!
Glen– Just a word of caution on GU– before NFP I made that assumption once- it dropped the permissable 250 pips in US session– I placed a buy order— You can guess what happened– it dropped another 250 pips in the following European session (as it was a new trading day- prior to NFP) I learned a valuable lesson that day- I am going to wait another 16hrs before I look for buys on the GU/EU- and keep my shorts open in the meantime- If I find some time later on I might scalp a bit But not a position trade… Happy Trading
Dr,
When is gap time? Is it the two hour period between the close of the US session and the opening of the Asian session (21:00 GMT - 23:00 GMT)?
Thanks!
I missed the last part of Tracking the forex market together.
I am interested in knowing more about hedging and management.
Dr.Sivaraman, is the webinar still available on the net?
This may sound like a silly question and maybe it is but who bought.
When there was the large drop in GBP at 11am GMT who were the buyers when the players sold ?
GBP dropped about 120 pips in 5 mins at 11am gmt so i am having trouble understanding how they managed to sell such a large position so quickly…… who were the buyers and why did they buy ?
The players sold to higher level buyers then dropped and hit the stops of the higher level long holders and now they buy back from these individuals whose stops have been hit to rise higher in coming weeks and reach higher trading zone.
That is my humble understanding at least.
So there is really no possible entry until at least 230 gmt, even if a new daily high/low has not been cut? Correct?
Let me try answering the “how price can be forced to find new levels “. “Why” should then become obvious.
When supply > demand, price falls, and when demand > supply price rises.
When “operators” are privy to demand/supply data, i.e. they have information on orders at various levels, then it become quite easy.
Say Gbp/Usd is at 1.6800 and there are X no. of buy orders below this level, and X+Y no. of sell orders above this level. To drop price, the “operators” have to place “sell at market” orders equivalent to X or marginally higher/lower. When such a large qty comes into the market, it slices through all the buy orders and settles at much lower price level because that is where the next “chunk” of orders are placed. Now, the “herd” also joins this selling and creates a further imbalance in the supply side, which can lead to lower levels at a quicker pace.
Net result:
- Higher level buyers (as buy orders filled and price dropped below those levels);
- Lower level sellers (as sell orders were filled at lower levels because price sliced through).
As Doc says, one should not have a bias towards price direction or the fear to enter/exit trades. Once a trader has understood the “basics” of price action, then one can overcome the “emotion” aspect of trading. And, hedging is the “tool” which helps in “cushioning” both the risk and emotion aspects of trading.
Say, you had bought at 1.6800 and sold at 1.6770, and price settles at 1.6500, then you can book profit of the sell trade and once price bounces a few pips, you can cut loss on the buy trade, giving a net profit or break even. How does one decide whether 1.6500 is close to the lows - review net change figures, 10~30 mins rule, forecast, “hattrick” rule (to help you decide whether there is still a possibility to go lower the next day), etc.
Is it OK to enter in the middle of a session if all the other rules are intact. (E/U is cutting the low, not cutting the high but has revisited the high and is a good entry short) but it is in the middle of session?
Dear Francesco
there is no necessity for the market to respect levels.You can watch and take buy positions accordingly.
Regards
Dr.Sivaraman
Dear hugme
For the day is yes.they can drop again next day and trap the visible short sellers and rise.
Regards
Dr.Sivaraman
Dear Frank
the players make cirular trades to make quick rise or quick drop and in that process traders get caught unaware and lose.
Regards
Dr.Sivaraman
Thanks SU25 , helpful as always