21 Responses to “What appears in the market is not true”

1. on 17 Aug 2009 at 5:22 am1eZy1

   Hi Doc,

   Do you still think the euro can get to the 1.44 level and gbp to the 1.67 level before the end of August or should i just close out my higher level buys for a loss?

   Much appreciated

2. on 17 Aug 2009 at 5:55 am2smith

   Dear Doc,

   as I see the USD gaining process is still on track as you predicted in July but it has started earlier than you expected. Commodity currencies are making correction, markets are doing the same, so it is hardly imaginable to see EURUSD around 1.43-1.44 and GBPUSD 1.67 this week.
   If wee see some upward price actions in EUR and GBP that will be just normal correction in the USD gaining process or do you still expect touching 1.43+ in EUR?

   USDJPY: now it is moving parallel to risk aversion, falling with EUR and GBP. When can we see bigger upside correction for example the 97+ area?

   regards,
   smith

3. on 17 Aug 2009 at 7:42 am3Sim

   Dear doctor, you predited on last Friday that the players will bring eur/usd and gbp/usd pairs up this week. Is that true?

   Please advise,

   Thank you,

   Samn

4. on 17 Aug 2009 at 8:03 am4Nazali

   Hi Dr

   Last week a rise to season’s high was expected in eur and gbp - do you see that rise happening this week? What made last week a big down week when a big rise was expected

5. on 17 Aug 2009 at 8:13 am5Sam

   Dear doctor, what is the players’ intentions? will eur and gbp reverse soon?

   What to expect for Monday?

6. on 17 Aug 2009 at 8:19 am6smith

   as I see this is the correction, AUDUSD and markets are falling, UDSCAD is rising, USD gaining move is everywhere. There is panic trading everywhere and we are far away fromt the levels mentioned last week.

   Unfortunately, I have not closed my EUR and GBP longs last weeks, but there is some compensation from USDCAD long, this is my hedging, but the EUR and GBP longs hurts me.

7. on 17 Aug 2009 at 8:28 am7Mohi

   Dear Doc,

   Where do you realistically see GU by end of this week? 1.68 level or higher? I have some higher level longs and I am bleeding. Kind regards..

8. on 17 Aug 2009 at 8:50 am8Arun Kandyal

   Hi Dr
   I am also on some longs but gbp continue falling what do you expect this week.will we see 1.6800 area this week or below 1,6000 thx.

   Regards
   Arun Kandyal

9. on 17 Aug 2009 at 9:14 am9Arun Kandyal

   often when we lose all hopes & think this is the end,god smiles from above n says….RELAX dear ITS JUST A BEND…NOT THE END…have faith and have a successful trading.

10. on 17 Aug 2009 at 9:43 am10carlab

    Hi Smith:
    I havnt been able to attend this morning briefing.
    Would you be kind enough to tell me what levels Dc. Sivaraman stated as levels to reach in eur/usd and gbp/usd on the top side?
    Tks indeed

11. on 17 Aug 2009 at 10:10 am11smith

    Dear carlab,

    sorry but I didn’t attend on today’s webinar so I can not tell you what was on. I just see the neverending sell-off from Friday afternoon and the negative headlines relating to the markets which can be false and not true but creating the market sentiment.
    Generally, after this kind of Monday’s move it takes two days starting the rise so we have to be very patient and face to more downward stop hunt.

    smith

12. on 17 Aug 2009 at 10:16 am12Ange

    with the major thumping the pound is receiving now, I wonder whether my fears at this morning webinar that the pound is going to hit 1.62 levels is going to come true by today. (250pips down should stop at 1.6300, but previously I have noted that they do go at around 260-265 pips on a extended move).
    Doc, seeing that the Japanese session and the European session have gone to lows consecutively, is there a hope for the pound to rise during US session (keeping in mind the hat-trick rule)? Are the weekends an exception for the hattrick rule? (sorry, Qs are out of desperation!)

13. on 17 Aug 2009 at 10:23 am13Jimbo

    Guys looks like things are looking bad for GBP. There might be a bounce US session, due to oversold conditions. But tomorrow might continue is the southerly direction as pointed out by doc this morning, I hope you guys can hedge or hold out until possibly wednesday. Sentiment is short lived as stated by the doc, lets hope so.

14. on 17 Aug 2009 at 10:31 am14Nazali

    Hi Dr

    Very strong start with gbp reaching a net change of -265 - is this week beginning false move? Is there more drop expected tomorrow below current levels?

15. on 17 Aug 2009 at 10:32 am15smith

    OK, as I see that Doc’s opinion has changed as well as the market sentiment.

16. on 17 Aug 2009 at 11:02 am16maxi

    easy to forecast in one direction, until goes the wrong way

17. on 17 Aug 2009 at 11:11 am17Constantin Lucian

    http://frxsmtraders.blogspot.com/ we created a blog and a chat room on the blog (bottom left corner) for all traders that follow dr. analysis. So that we can help each other be better traders and share what we have learned from Dr. teachings. As it is a private blog and chat room i will need your e-mail addresses so that i can add you to the blog. If you don’t feel comfortable to give your e-mail here, send it to luckixxx@yahoo.com

    Hope you don’t mind Dr. we just want to improve ourself and understand more of your teachings

18. on 17 Aug 2009 at 11:32 am18Ange

    please can I ask the members here as to your thoughts as to which is likely to show recovery faster (if it doesnt fall any further, although technical analysts are predicting further downwards movement)- euro/usd or the gbp/usd?

    Jimbo- thanks for reminding people to keep their chin up- still I keep remembering Kevin’s remark sometime ago, as to how the players dropped 250pips one day and another 250 pips the next day (can happen while it still keeps in line with the Doc’s summations of 250pips per day)-

19. on 17 Aug 2009 at 12:08 pm19johnra

    Dear Ange
    With a daily net permissible value of 250 as against 150 for the EU one would expect the GU to recover faster.I have just taken up a 3rd buy position as the net permissible value of GU is now 260.With this I hope to make a profit and would prefer to close it by late US session today.
    Kind Regards

20. on 17 Aug 2009 at 12:44 pm20Ange

    thanks Johnra

21. on 17 Aug 2009 at 12:46 pm21Ange

    As the Doc always says, fall is rapid…rise is slow (painfully slow for my interest today!)

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