18 Responses to “US session moves and indications”

1. on 01 Sep 2009 at 3:00 pm1smith

   Doc,

   what you mean about “other majors” besides the EUR and GBP? or you refer to EUR and GBP?

   regards,
   smith

2. on 01 Sep 2009 at 3:38 pm2Francesco

   Dear Dr.Sivaraman,

   EUR and GBP are continuing their fall during US session today.
   Even though we may be close to a short term bottom where it could make sense to go long, this time your suggestion to go long may be has been too early.

   The rise you expected to happen last week did not materialize, and this week market seems struggling not to fall further.

   Do you think EUR and GBP can make it for new highs this month?
   Even GBP that has lost more ground these weeks?

   Thanks for your patience and suggestions!

3. on 01 Sep 2009 at 3:53 pm3Dr. S. Sivaraman

   dear All
   Just to create fear they cut the low quickly and bought all the stops.they are expected to rise EURO and GBP from 16;30 GMT holding the rised levels in denominator currencies.
   Regards
   Dr.Sivaraman

4. on 01 Sep 2009 at 4:48 pm4Ange

   doc, thank you for moral support… this GBP/USD move is proving to be a big big blow!
   Please can you tell me whether the daily net change of 250 pips is usually the value from the value set between 02:30 and 03:30 GMT or can it also be the range of movement between a daily high and low? for eg. I see the high and low set today for GBP/USD is 1.6373 and 1.6140 (range of 233 pips)…grateful for your explanation.

5. on 01 Sep 2009 at 5:19 pm5Jaf

   It seems people have given up on the dr after his forecasts are proving to be continously baffling.Maybe there is more to markets than just players and traders playing stop hunts only.

   I am sure many have been confused by his persistence that month end reversal will happen.It may well do after a 500 drop first.Just my views.

6. on 01 Sep 2009 at 5:27 pm6Ketan

   Hi Dr,

   So far, we have seen an overall downtrend in GBP/USD (from 1.70 to 1.616 in August). When will the trend reversal finally going to take place? When are we going to see the levels of 1.66 and still rising? Are there any chances before NFP? Or are they waiting for the NFP data release for making a big rise?

   Thank you.

7. on 01 Sep 2009 at 5:27 pm7Dr. S. Sivaraman

   dear Ange
   Net change is the current level from the previous day close - it is seen as such in the live market quote page.
   Regards
   Dr.sivaraman

8. on 01 Sep 2009 at 5:29 pm8Nazali

   I have not given up on the Dr - his trading strategy works and with his invaluable trading insight I expect to learn much more.

9. on 01 Sep 2009 at 5:35 pm9Ange

   Thank you Doc for your reply.

   I am puzzled with the market movements esp on the GBP/USD. Most analysts are predicting/have been predicting a fall of the pound from 1.64 level downwards, once it failed to go up at 1.6435. These predictions have been going on daily, even until today, when there are people waiting for a retracement until 1.60/1.59 levels, before a rise. Most traders would have been reading these analysis and going short, for the last 2-2.5 weeks, given the pips it has been consistently dropping. So are the smart money players giving away profits to traders? or is it that volume analysis show that that the majority of traders are holding long positions. Anybody throw your views on this?

10. on 01 Sep 2009 at 5:38 pm10Ange

    Given the possibility of 250pips daily net change it appears that there is a great possibility of the GBP/USD dropping to 1.6040 levels still…

11. on 01 Sep 2009 at 5:44 pm11Jaf

    Agree with you Ange.My sentiments exactly.

12. on 01 Sep 2009 at 6:07 pm12PGT1PS

    ALL traders following the Doc must remember he is always hedged 30 points away, so when it goes wrong the max that can be lost is 30 points, without this hedge, ALOT of money is easily lost in the Forex markets or any market. Too many people are always looking for too much and dont protect what little is given to them each day, PROTECT YOUR PROFITS, however small, LIMIT YOUR RISK, with a hedge order, be safe everyone.

13. on 01 Sep 2009 at 8:09 pm13jaf

    t

14. on 01 Sep 2009 at 8:40 pm14smithalison

    Dear Dr, I have been following your blog for last 2/3 weeks. For all these time you have been expecting a major rise into a new territory, why hasnt this happen? Is this a flaw in your model? Perhaps it is now time to be bit realistic?
    Alison

15. on 02 Sep 2009 at 2:33 am15Alex

    Doc it appears the forecast has been off line for the past 4 weeks, and it seems to be wrong a lot more then it is right lately. In fact you probably would have made more money doing the opposite to what the forecast predicts.

    For those of us still holding longs, do you see any relief in site? Can GBP/USD reach 1.67+ this month?

16. on 02 Sep 2009 at 5:50 am16Chris

    Arun , good question in webinar.

17. on 02 Sep 2009 at 5:58 am17jaf

    I missed webinar.Anybody summarise or was it same big rise in gb and euro expected this week.Thanks

18. on 02 Sep 2009 at 7:12 am18Arun Kandyal

    Hi chris good morning which one

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