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Operators' intentions read by Dr. S. Sivaraman, of i-knowindices.com

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session start upward stop hunt without follow up

Posted on September 22, 2009 at 8:15 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO made a very quick upward stop hunt and formed a new high to create panic among the short sellers .USD/CHF also dropped quickly for the same.If they donot cut the new high in less than 30 min it is only extended stop hunt before the big reverse.The players have induced short covering before the quick drop they are expected to make from mid european session onwards.

Then we will be able to understand their intention being revealed.

Regards

Dr.Sivaraman

32 Responses to “session start upward stop hunt without follow up”

on 22 Sep 2009 at 8:26 am1Sum

Dear doctor, usd is down big time against gold, silver, all majors.

Will usd regains?

Thank you
on 22 Sep 2009 at 8:33 am2mz

doc any idea how much of a drop?
on 22 Sep 2009 at 8:38 am3Mike

Doc will euro hit 1.47 today?
on 22 Sep 2009 at 8:39 am4Nazali

Hi Dr

the drop should be big in eur so would you expect them to drop eur for the next 2/3 days?
on 22 Sep 2009 at 9:17 am5Ahmed Hanif

Dear Doctor

Do u still expect Eur/Gbp to test 0.87 level this week.

Regards,

Ahmed Hanif
on 22 Sep 2009 at 9:42 am6saeed

dear doc

since last week we are waitng for big drop in eur/usd and eur/gbp,,but nothing happen even a small drop…..

what is the reason behind this…….. what do u forcast in future todays ,,do we have to wait or close our position,,,,,,,,,bcoz if the prise keep going up we will have margien call…

thanksss
saeed
on 22 Sep 2009 at 9:55 am7travis

see the traders are expecting a drop - do you think the players will drop then?, why?
on 22 Sep 2009 at 9:57 am8Francesco

Dear Dr.Sivaraman,

looks like highs have been cut again.
Maybe we need to see some consolidation before a slow fall starts
on 22 Sep 2009 at 9:57 am9smith

so what’s next now? EUR cut the high slowly, the denominator currencies are making new lows, there is no sign for recovery. Maybe the yesterday’s USD gaining move was a false move and now we see the intentional move. Or upward stop hunt or what? I just see there is always a delaying in EURUSD drop, and now, the GBP is rising, too.
on 22 Sep 2009 at 9:58 am10Mevlut

Dear Dr.
I think the players are waiting for the FED interest rate decision before the big drop. Therefore is it likely that EURUSD will make swing moves with new upward stop hunts till FED decision?
Thanks
on 22 Sep 2009 at 9:59 am11Sam

Dr, we’ve now had the ‘follow up’ which gave us higher highs again. Perhaps you can revisit your forecast to check for inconsistencies?

Thanks.
on 22 Sep 2009 at 10:05 am12travis

in euro and gbp they didnt cut the high for more than one hour now they have and are continuing to rise
on 22 Sep 2009 at 10:10 am13Mevlut

Dear All,
I think the players trap the trades again therefore it is time to be calm and do your trade without any fear. Sell when it hits 1.4820 around and buy @ 1.4780 around till tomorrow. Be aware that upward stop hunts therefore sell always 15-20 pips above previous high till 1.49.
Thats what i conclude from todays moves…
on 22 Sep 2009 at 10:11 am14devesh

hello doc. Net change is close to 150pips, do you expect quick drop for EU during US session or players going to hold it ? thx
on 22 Sep 2009 at 10:29 am15hugme

Dear Dr.,
The Eur soared first in gap time,later GBP followed,is there any meaning in the different timing ?just to manipulate the price of E/G to make a upward stop hunt?
Thanks.
on 22 Sep 2009 at 10:54 am16Dr. S. Sivaraman

Dear Sum,mz,Mike & Nazali
EURO is expected to drop from mid European session and through US session
Regards
Dr.Sivaraman
on 22 Sep 2009 at 10:56 am17Dr. S. Sivaraman

Dear Ahmed Hanif & Mevlut

When they induce traders to do short covering by rise or firming up moves,that means they are holding and selling- once iot is completed they will drop in this week suddenly telling some story- FOMC could take the credit.
Regards
Dr.Sivaraman
on 22 Sep 2009 at 10:57 am18Dr. S. Sivaraman

dear travis
if predominent of the traders do the short cover and turn long the players have to move euro other way.
Regards
Dr.Sivaraman
on 22 Sep 2009 at 11:49 am19Pico

Thanks Dr. You are the best!
I´m learning a lot with you!
on 22 Sep 2009 at 11:50 am20Pico

Thanks Dr. You are the best!
I´m learning a lot with you.
on 22 Sep 2009 at 11:58 am21Fermi

Dear Doc,
I has been reading your blog for 4 months, it is a good learning journey indeed. From my understanding, your theory is mainly focus on the intention of the players. But sometimes, the price movement is the consequence of market natural desire or corrections. Could you help to explain a bit about how to distinguish the difference between this natural corrections and player manipulations? Thanks.

Regards,
Fermi
on 22 Sep 2009 at 1:08 pm22Ange

Doc,
have we not reached the monthly net permissible change for EUR/GBP as well as for EUR/USD?
why are the analysts predicting further rise for EUR/USD?
I am slightly confused. Please could you explain.
Ange
on 22 Sep 2009 at 1:10 pm23ejthekkan

Euro and GBP still holding high. so may gain more for the rest of the day?
on 22 Sep 2009 at 1:18 pm24pipso

Doc,

In the past you have in the situation where eurusd is now, that they are not dropping the level because they want to rise more and holding the level etc. Could it be true for this as well? I am holding eu short from 1.45 level because you recommended at the time. While I dont blame you, but like many others here I take your word as expert opinion. Perhaps you can tell us whether it is too late to hedge or not. Thanks
on 22 Sep 2009 at 1:27 pm25Sam

Pipso, I’m sorry you’re in this situation. I am also hedged on EG.

Lesson Learned = nobody can predict or forecast the future accurately (in my opinion).
on 22 Sep 2009 at 1:37 pm26mz

lets hope that the the powers to be , decide to drop some time soon.
on 22 Sep 2009 at 2:03 pm27ketan

Doc,

What is the final verdict? Is EUR/USD finally bullish? Or its just a upward stop hunt?

Thank you.
on 22 Sep 2009 at 2:22 pm28George

It finally seems to be happening - EUR and GBP are diverging from the very beginning of the US-session. The drop in EUR/USD and EUR/GBP is not far now
on 22 Sep 2009 at 2:25 pm29Mark from Idaho, USA

I also think the lesson learned here is…do not fight the trend…go with the trend.
on 22 Sep 2009 at 2:32 pm30George

@Mark
Trend is your friend, for sure, but the players have been really-really nasty lately. See what they did in EUR/USD and GBP/USD - the opposites, thus shooting the EUR/GBP pair into space. Very confusing! It is extremely hard to predict when the players will reverse leaving you holding the bag
on 22 Sep 2009 at 2:49 pm31ATF

Yeah

Agree with George here !!!
on 22 Sep 2009 at 3:03 pm32ATF

Dear Doc

GBP dosen’t seem to take a dip..Neither the EUR..

Any fine tuning in the forecst OR should stick to the latest one.

Plz suggest.

Best R
egards.

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