EURO and GBP made the swings between high and low during Japanese session as explained during the Asian session: Live market analysis webinar held during 05:00-05:39 GMT.They are expected to make brief downward stop hunt or dip and then rise from Mid European session.a quick drop and rise are the expected moves for US session.In the process EURO and GBP are expected to gain levels for the day.they are expected to make quick rises from tomorrow - risk appetite could be the possible attributes to surprise when traders expect from Friday USD gaining moves.
Regards
Dr.Sivaraman
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Dear Doc,
Please give your views about usd/cad . Do you think it will reach the 1.1 level this week`?
Dear Dr.Sivaraman,
is it possible to see EUR and GBP close to the highs again this week?
Last Friday’s move was meant to buy at lower levels or we really might see new relative strenght for the USD?
I know market always makes changes and swings, do you still see EUR and GBP touching new highs before trend reversal at the end of August?
Thank you!
Dear doctor, we have learn that the players are the ones that set up the games.
However, fundamentaly do you still see EUR and GBP go up this week and this month aginst USD?
I bought GBP a small amounth at 1.675 and 1.686 should I close off or hold?
Respected Dr,
Once again a very informative webinar today.
I am posting my question again here from yesterday’s blog:
Friday’s move before data was contrary to the forecast but was in accordance with the rule i.e Rise/fall before the data is false and opposite is intended after the data.Rule was followed in letter and spirit.
My question is:
Was the rule abiding in this situation is coincidental or rules have preference over the forecast?
This will help us folks in understanding your strategy better.
Regards
Dear Raja Hammad
Yes expected.
Regards
Dr.Sivaraman
Dear Francesco
yes they are expected to rise above season high we have seen last week.
Regards
Dr.sivaraman
Dear Sam
yes they are expected to rise - if equity permits then hold.
Regards
dr.Sivaraman
Dear Ahmed
Firday move -they made the false drop an hr before data and then firmed up and rised after data and then dropped and rised for US session start and then dropped- a typical quick volatile move for week end.The rise was expected but that was seen short lived as the players revealed then higher level buyers are waiting to book profit- so they dropped and induced them to do long liquidation at lower levels ,this is their typical week end move- miost of fridays they do similar moves.
the forecast is a forecast or expectations derived from certain analysis - it can go wrong - hence I use forecast reading the players intentions from their market moves and the trading strategies to limit the risk and maximize the profit.When I use all the three knowing the limitations of each how can forecast alone can be followed by traders- hence I give importance to all the three in the blog and present them from time to time.
Regards
Dr.Sivaraman
Still expecting usd/jpy to break the low before rising?
Dear Doctor,
Thanks for your reply.
Now my learning is much improved regarding market moves.
Regards
Hi Dr,
You often talk of a ‘week beginning false move’. Does this rule apply this week?
Will the expected rise today in gbp and eur be a ‘week beginning false move’?
Thanks.
respected DR.
this is third time (previous two were unanswered), I am asking do you expect that eur/cad will touch the 1.5600 level this week and eur/aud will touch 1.7300 or 1.7400. i humbly request you to please dont send my question to moderation.
dear Rich
a small stop hunt below low could trigger the rise fast- normally the players are expected to make the stop hunt to see the traders holding right direction positions also donot mkae profit easily.
Regards
Dr.Sivaraman
Hi Dr
Do you Expect to go long From this level or wait for drop thx.
Regards
Arun Kandyal
Dear khalid saeed
I am not sending questions to moderations- I try to answer all questions.
EURO/CAD can rise to 1.56 area when EURO and usd/cad rises during this week.
When euro rises more than uad in net change we will see euro/aud rise as well in this week.
Now AUD has rised more than euro for a downward stop hunt in this cross.
Regards
Dr.Sivaraman
I mean In GBP
Dear Khalid Saeed,
why are you asking stupid questions and wasting everyone’s precious time.
I think you are not worth trading in forex market
Mr K saeed
i totally agree with A hanif. that was really an unprofessional question. We repect Doctors analysis but such questions should not be entertained on this blog. mr saaed i advise you to 1st study basic finance and money market n then step into this profession. btw what is ur profession?
to khalid saeed:
your previous 2 questions were not posted, and this does happen sometimes. reason for this maybe “technical”.
also, eur/cad and eur/aud are pairs which are not usually covered in this blog, therefore,other readers may not be help either. it would be better to send Doc an email if there is an urgency.
to others:
when one is caught on the wrong side of a trade, one does lose control over emotions, so we should be a bit more understanding. and, doc has tremendous patience and ability to “read” these emotions.
su25 I do agree, K Saeed was treaded harshly - there is never any need for personal attacks.
nazali… Doc is a professional and a truly respected indivisual with outstanding forcasts and analysis. we should try to learn from him not start complaining about quires on crosses. im not being personel, i think perhaps K Saeed do not know how to put a decent question!
Dear Dr
Looking at GU for the last three days it appears we are having 3 consecutive days drop.Unless it rises in the US session,the hat trick rule would be violated.What do you think Doctor?
Kind Regards
Hi Doc, looks like the players are going for a deeper stop hunt than anticipated ?
Dear Doc,
When apply the 30-minute-rule,I found there mainly two cenario encountered.1.the price had moved away from high or low for 20-30 or even more pips after 30 minutes.2.the price came back and was approaching the high or low,seeming like it would break.The hesitation eventually leaded to the miss of a good entry point.(but not always the case).Pls kindly instruct on how to act in these two different situations.many thanks like always.