22 Responses to “Nearing NFP data release time”

1. on 02 Oct 2009 at 10:09 am1Constantin Lucian

   Hello dr. regarding euro/gbp…what low and what high (realistic) can we see from now till year end? thank you

2. on 02 Oct 2009 at 10:24 am2Jaf

   Hi Dr
   Is the drop in euro larger because gb has already had a 75 pip drop.When you say drop do you measure the drop from the last low postion or the net change from the prev day close.
   Thanks

3. on 02 Oct 2009 at 10:27 am3travis

   Posted on October 1, 2009 at 6:29 in Market comment,
   “During US session they are expected to drop initially and then firm up towards close.the drops are buy opportunities in position trading to close during tomorrow - week end US session close.”
   Regards
   Dr.Sivaraman
   SO THESE BUY IN THE DROPS OPPORTUNITIES THAT YOU POSTED YESTERDAY ARE CLOSE WITH LOSS POSITIONS TODAY ARE THEY? I fail to see the consistency - i dont get it

4. on 02 Oct 2009 at 10:31 am4Diego

   Doc, what is expected to happen with GBP/JPY? during today? I’m holding a loss in long from 144.

5. on 02 Oct 2009 at 10:34 am5Sam

   Dr, Does the drop continue for AU before and after NFP? What about eur/gbp?

   Thanks.

6. on 02 Oct 2009 at 10:57 am6Santosh

   Travis ,

   Market is a dynamic thing. The sentiments at one point are never gaurenteed to be true with passing team. Fundamental change , market orders and tendency of traders to take risk rise and fall with sentiments which affect the trends.

   That is the entire reason , hedgeing has been mentioned countless times. If you take one statement as a cardinal truth and assume that it is going to remain same , it wont work.

   Sum total , the whole point of the market is that it is not consistant. Money is earned on dynamics and not on consistancy. If it was like that , nobody ever needed to give upgrades to analysis.

7. on 02 Oct 2009 at 11:08 am7Chris

   boohoo i lost money boohoo!!!!!!!!

8. on 02 Oct 2009 at 11:51 am8travis

   what is the point of the model he uses and the purpose of the blog then - why make predictions if they are consistently wrong - surely it is much more efficient to study price action and chart analysis.
   I do admire the Doc and i find his analysis verbosely vague - at the very least i have learnt to watch price around the high and low markers and also to try and understand the players intentions in terms of - gap times, week beginning false moves and so on - but these things arenot hard and fast rules i have also learnt - but merely additional information to have when trading.
   in truth the analysis here is toss of the coin stuff and then just enter a position with appropriate risk management. There is a higher probability of success with chart/technical anaylsis with a mind that has NO predtermined bias in the direction price may or will go.
   An opinion or forecast is really unrealistic and posion to the mind - there are far and away too many inconsistencies.

   Further, the trader reading the blog may have entered several positions on the dips/drops in the past 30hours from the previous blog entry - thinking he will be able to close those positions with profit at the end of today - that sort of analysis would lead a trader to hold the positions and not hedge the position - as it appears as straight down the line trading advice from the respected Doctor. Now 30 hours later it appears the Doctor is saying it is a contrarian move. Well it is contrarian to his analysis. How could the analysis here be any better than toss of coin stuff really.

9. on 02 Oct 2009 at 12:02 pm9PRINCE

   DOCTOR, still remains the best forecaster ever.DR please what is the fate of GU after NFP?can we stil hit 1.67 this year?

10. on 02 Oct 2009 at 12:11 pm10Santosh

    Travis ,

    I hear you . but there are different perspectives which suit different people. This style of trading may not be for you but some people it works.

11. on 02 Oct 2009 at 12:13 pm11Chris

    Hold on to your hollihocks

12. on 02 Oct 2009 at 12:29 pm12EC

    I totally agree with Travis

13. on 02 Oct 2009 at 12:39 pm13grow

    Thank you very much NFP reacted exactly as you predicted.

14. on 02 Oct 2009 at 12:49 pm14mik

    so the best way is to take buy positions after the monday week-beginning drop?

15. on 02 Oct 2009 at 12:50 pm15Raj patel

    Santosh,
    This is very reason I feel we need clarity on type of traders and trade they punt. Doc’s views are very much real its how you apply them and the rules you enforce makes the difference.
    I dont think all the rules can be applied to all the condition of the market and trick is surely to know what works most of the time.
    regards
    Raj

16. on 02 Oct 2009 at 12:51 pm16Dr. S. Sivaraman

    dear All
    Players made the drop as expected after NFP and firmed up some.They are expected to make contrarian moves again till mid European session.Dropping euro and aud and slowly slide GBP and also usd/yen.I will giev the update during US session for any buy and sell trades.
    Regards
    Dr.Sivaraman

17. on 02 Oct 2009 at 12:53 pm17Gregor

    Thank you, sir.

    G.

18. on 02 Oct 2009 at 12:58 pm18Chris

    whats the saying cant remember it right now but its got something to do with kitchens and heat.

19. on 02 Oct 2009 at 1:09 pm19vinesh

    Doc, when you say new low on EU do you expect it to go to 1.40 or u dont think it may go that low. USD/CAD do you expect it to reach 1.11? USD/YEN do you tink we will reach last years low of 87?

20. on 02 Oct 2009 at 1:09 pm20Nazali

    Hi Dr

    Do you expect eur and gbp to break the high by the end of the day? Many thanks

21. on 02 Oct 2009 at 1:13 pm21Beadelta

    Thank you Doctor.

    Aud / usd really 85.67.
    gbp euro and also fell,
    new lows as expected.

    I wonder about the eur / gbp, will this month that he go down to 86?

    thanks again

    Jane

22. on 02 Oct 2009 at 6:46 pm22jefe

    If you look at todays charts for any major pair and follow the 30min rule you’d be swimming in pips…

    Be hedged and be happy

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