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

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Higher level swings to slide

Posted on October 6, 2009 at 7:37 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

As explained yesterday during US session,EURO and GBP made the upward gap opening during start and  during close of japanese session they made the upward stop hunts in them as expected.

During Early European session Euro and GBP are expected to swing and slide  and rise with swings from mid European session  till close of the session. During US session they are expected to make brief upward stop hunt  and slide during US session to open lower and slide  tomorrow during Japanese  session.

Regards

Dr.Sivaraman

 

31 Responses to “Higher level swings to slide”

  1. on 06 Oct 2009 at 7:45 am1Ahmed Hanif

    Dear doctor, do u expect a big rise in Gbp/Usd and a big drop in eur/gbp after the GBP interest rate decision?

    Regards,

    Ahmed Hanif

  2. on 06 Oct 2009 at 7:52 am2Dr. S. Sivaraman

    Dear Ahmed Hanif
    Those rised are expected to fall from US session and through tomorrow.we need to wait and see what levels are achieved by then.
    Regards
    Dr.Sivaraman

  3. on 06 Oct 2009 at 7:58 am3Arun Kandyal

    Hi Sir
    Why 1.6000-1.7000 and 1.4700 levels are termed as physiological levels.could you please explain briefly thx.

    Regards
    Arun Kandyal

  4. on 06 Oct 2009 at 8:06 am4Beadelta

    Dr.
    E / G is still expected 88?

    required

  5. on 06 Oct 2009 at 8:17 am5Adnan Butt

    Respected Dr,

    Do You think that down trend for eur/usd has exhausted.
    I have been trapped in 1.4330 to 1.4500 (having 2 to 3 lots)
    I must wait for down trend in near future or clear the lots?
    plz guide

  6. on 06 Oct 2009 at 9:08 am6pipso

    Dear Doctor,

    Respectfully, You have been saying over three months that JY will break 100, based on that lot of guys here took positions. Followers also took short positions in EU and EG, also long positions in UCHF - What does your model say now? Do you have anything to say to your followers, as some have already lost their accounts? I have had short position at 1.45 for a long while now, I am hoping to make some money for a change soon. Thanks.

  7. on 06 Oct 2009 at 9:22 am7Sam

    Dr, I am unsure as to why your forecast has been expecting .87 in EG for the past month when it has gone up around 500 pips. If you see a change in the EG forecast and now see medium term is up, can you say so. Please realize that there are a lot of traders who listened to your .86/87 forecast and maybe were not as skilled at hedging as they should be and are now looking at 300 or 400 pips drawdown.

    Regards.

  8. on 06 Oct 2009 at 9:25 am8ATF

    Dear Doc,

    How much drop do u expect in GBP/USD ?

    Will it touch 1.5700 level in this week ?

    Best Regards.

  9. on 06 Oct 2009 at 9:51 am9Dr. S. Sivaraman

    Dear Arun Kandyal
    the change in the market to psychological levels create more fear and surprises- also above the psychological levels the clusters of stops could be seen for the players to hunt- hence they are important.Between 1.4699 and 1.4700 is just 1 pip only but it can create more uncertanity in the market- hence I request the traders to follow along with levels the net change also to understand market depth.
    Regards
    Dr.Sivaraman

  10. on 06 Oct 2009 at 9:57 am10Dr. S. Sivaraman

    Deaf Beadelta and others asking about EURO/GBP
    EURO/GBP is thin volume cross and the players can hold long time the levels to test patience of the short sellers.Those who have the required patience and the equity can trade in crosses.If the equity is small and you need to earn money for living then bettwe trade only euro or gbp,they could make daily swings and if you hold for 1-2 days you could comeout with profit.I can only give expected market moves using my tool,but the players make the market moves knowing well the traders psychology and pending unfavorable positions.My expectatyion is a sudden fall in EURO and also EURO/GBP.but it is getting delayed.hence I give every time suggestion to limit the risk by using hedging and to do either way trading.
    Regards
    Dr.Sivaraman

  11. on 06 Oct 2009 at 9:58 am11Beadelta

    Thank you doctor ,

    regards

  12. on 06 Oct 2009 at 10:11 am12Dr. S. Sivaraman

    Dear pipso and others wanting to know about euro,gbp,usd/chf and usd/yen

    Players are handling their crosses mainly as the volume in majors are getting reduced due to waiting of traders for BOE and ECB interest rate decisions.They are neither rising nor dropping big- they are making only wide range swings to earn as much as possible from traders holding pending positions.before making big moves in majors they are expected to make a drop and rise moves in majors in this week.So one can watch and close the holding positions carefully without developing mental block on the levels.
    Regards
    Dr.Sivaraman

  13. on 06 Oct 2009 at 10:36 am13Junaid Pervaiz

    Dr,

    Can u please suggest from when can we see rises in pound towards the 1.6600 level as GBP has been under pressure the whole week of september can we see some visible rises during this month.

    Please also do suggest regarding GOLD do u see it bullish or it will comeback to to $950 level in the following week.

    Your views are highly appreciated.

    Regards,
    Junaid Pervaiz

  14. on 06 Oct 2009 at 11:02 am14Roshan

    Hi Doctor, please explain the importance of net change - as seen on the live quote page. How do we use this to make trading decisions?

    regards

    Roshan

  15. on 06 Oct 2009 at 1:15 pm15Twitter-fxi

    Roshan:

    The “Net Change” tells you how far the pair is from the close of the prior day. If the number is green - then the pair is up from the close of the prior day. If the number is red then that pair is down.

    Looking at the net change in conjunction with the hi/lo numbers you can ascertain where the pair is currently. It’s a nice tool to use. Just take a day or so to watch it and it’ll start making sense.

    Regards,
    Twitter

  16. on 06 Oct 2009 at 1:18 pm16Arun Kandyal

    Hi Sir
    They droped gbp but holding euro in tight range.Are you expecting drop during us session towards 1.4650 area thx.

    Regards
    Arun Kandyal

  17. on 06 Oct 2009 at 1:29 pm17Twitter-fxi

    I’m sorry, maybe I should have added that you can look at it and see if it’s close to the bottom for the day or the top for the day.

    Then, once you have collected your data:
    Where is the pair currently?
    How many pips has it moved?
    What time of day is it?
    What session are you currently in?
    What day, week, month are you currently in?
    Is there any news coming out that the big players may use to move the market?
    Is it close to any psychological levels? (00, 50)
    Where are the s/r levels?
    Is it a major pair or a cross & what have all the pairs done in correlation to each other?
    What’s the current PA (Price Action)?

    All this takes just a few seconds when you get yourself used to this. And then……. decide whether or not to take your trade and wait for it to go where you feel comfortable taking profits.

    Dr. Sivaraman also speaks extensively on using hedging to limit your risk too. Good Luck!!

    (Note to all, if I’ve made a mistake, please feel free to fix it!)

    Regards,
    Twitter-FXI

  18. on 06 Oct 2009 at 1:55 pm18Ahmed

    Dear Roshan, Following link be helpful in understanding the teachings & strategy of respected Dr.

    http://www.aboutcurrency.com/articles/forexsystemarticles/forex_day_trading_techniques.shtml

    Also search the blog for the following dates.These are very good compilations by the fellow bloggers.
    Following links contain summary of respected Doctor’s methodolgy compiled by the fellow bloggers.These might be helpful:
    By Sue25 on 09/07/09
    07/08/09

    By jefe on 16/07/09

    By Feravagas on 17/07/09

    Regards
    Ahmed

  19. on 06 Oct 2009 at 1:58 pm19Raj patel

    Hi Twitter-FXI,
    While on the subject:
    What is significance of color change:Black, Green, Red.
    in Bid/Ask price? and also if there are 2 same colors present.
    Why are de-nominator currency four decimal places compared to numerator with 2 and 3 decimal places ?
    thanks
    Raj

  20. on 06 Oct 2009 at 2:01 pm20vinesh

    Doc, what about UCAD you mentioned we may reach 1.11 this is not happening.

  21. on 06 Oct 2009 at 2:10 pm21Twitter-fxi

    Dear Raj Patel:

    The colour of the bid/ask changes in relation to what the previous number was when the Saxo feed refreshed.

    If the new number is up compared to the last number => green

    If the new number is down compared to the last number => red

    No change from the last number => black

    Good luck!
    Regards,
    Twitter-FXI

  22. on 06 Oct 2009 at 2:53 pm22TheJade1

    It is disheartening to see the Euro and Yen growing like no body’s business while the dollar seems to refuse to stop sliding. Appreciate Dr. to shed some light on what we can expect of EUR/USD and USD/JPY in the next 1-2 days. Thanks.

  23. on 06 Oct 2009 at 2:59 pm23Raj patel

    Hi Doctor,
    Should the statement above read as:

    During US session (START-13.30-15.30) they are expected to make brief upward stop hunt and slide during(END-18.30-20.30) US session.
    its that the pullback timed accordinglly.
    Thanks
    Raj

  24. on 06 Oct 2009 at 4:09 pm24Sanio

    Dear doctor, would you please provide update for the rest of the day about eur and gdp

    Regards

  25. on 06 Oct 2009 at 4:43 pm25Dr. S. Sivaraman

    dear vinesh
    they should firm up USD/CAD from now till tomorrow and after quick swings it is expected to rise again on friday as contrarian move along with EURO and GBP.
    Regards
    Dr.Sivaraman

  26. on 06 Oct 2009 at 4:45 pm26Dr. S. Sivaraman

    Dear TheJade1,Raj patel &Sanio
    The players handled thenyen crosses and also european crosses so they made usd weakening moves in them - they will reverse from now till close and more usd strengtehning moves are expected in them tomorrow.
    Regards
    Dr.Sivaraman

  27. on 06 Oct 2009 at 6:01 pm27TheJade1

    Thanks Dr. I hope “usd strengtehning moves are expected in them tomorrow” will come sooner than later as I am sitting on more than $40K of unrealised losses. Thanks.

  28. on 06 Oct 2009 at 8:03 pm28pipso

    Dear TheJade1, I feel for you. I am in similar position as you are, as I have eu short based on recommendations here. I speak to few others on regular basis, lots are in trouble. If the forecast is continously opposite, it is not good. Hedging is an option, but that should be 2nd choice as traders objective is to earn from the market. Perhaps forecast is not very good as it is free. I hope Doctor can tell us whether the paid service is more accurate or not. I would rather spend few hundreds a month rather than loose the account.

  29. on 07 Oct 2009 at 1:15 am29Saswata Banerjee

    Dear pipso,
    in probability theory we learnt both 1 and 0 are certainties, anything inbetween is uncertain. If forecast is continuously opposite, it is equally good as continuously right. You just have to continuously take up positions opposite to the forecast.
    SIMPLE!!!
    Let me know if you like my suggestion.

  30. on 07 Oct 2009 at 1:49 am30Sanio

    Dear doctor, would you please forcast of Eur and Gdp before and after the BOE rate decision today.

    you efforts are always appreciated.

    Thank you so much

  31. on 07 Oct 2009 at 5:53 am31prince

    hi pipso,

    Its wrong to blame a person, giving serious advice. If you do not beleive in the doctor, dont go by his advice. Neither, he nor , other contributors areasking you to foolw their advice. Looks like you want everybody to give you free advice and accurate . Thats absolutely rotten attitude. Be realistic, If you dont like doc’s opinion, dont read it . but , if you want to use it, use it along with your own analysis. Normally, I do not comment on other’s views, but selfish views like yours cannot be ignored.

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