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

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Further drop in EURO/GBP

Posted on October 21, 2009 at 9:29 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

rising GBP holding EURO with nominal swings the players made further drop in EURO/GBP during mid European session.they are expected to drop euro and drop later GBP to drop further EURO/GBP.Holding high USD/YEN and rising GBP they made further rise in GBP/YEN.This is how they gain the levels to extreme conditions and after building huge sell positions drop and drop the market to induce traders to make distress trades with any level buying.This sort of moves they call as usd weakening or usd strengthening using very many attributes,but you may get convinced that they are just attributes to distract traders but the players are focused in making money from the market.So let us also focus on trades rather than getting diverted with their attributes.

Regards

Dr.Sivaraman

Tags: EURO/GBP further drop

18 Responses to “Further drop in EURO/GBP”

  1. on 21 Oct 2009 at 9:53 am1Jeeson Augustine

    Excellent Dr,
    GBP fundamentals are same since 7 days; BOE has no comments and still it rises 150 points UP. I think your point is correct - some players creating panic for the traders.

    Jeeson
    http://jeesonsviewoneconomyfinance.blogspot.com

  2. on 21 Oct 2009 at 10:32 am2Junaid Pervaiz

    Dr,

    Please update, when do you see the upcoming as you say a dollar week or a dollar month. Where you see the majors becoming weak in regards to dollars. Is it the month afterwards or November.

    Regards,

    Junaid Pervaiz

  3. on 21 Oct 2009 at 10:40 am3pipso

    Junaid

    Doctor said it many times already that November would be usd gaining month, obviously doesnt mean one sided rise of usd but via swings. Regards, p

  4. on 21 Oct 2009 at 10:43 am4smith

    Doc, after this massive rise in GBP, can we expect further rise towards 1.67? If I see the daily net change it is more room for rise for today but what do you expect for rest of the week?

    regards,
    smith

  5. on 21 Oct 2009 at 10:53 am5Sasa

    How far is gdp going?

  6. on 21 Oct 2009 at 11:20 am6Sanio

    Dear doctor, today eur and gdp go oposite direction from the eur stock markets. Is a fake move? Will eur and gdp drop and following the markets?

    Regards

  7. on 21 Oct 2009 at 11:37 am7Dr. S. Sivaraman

    Dear all
    After handling the crosses the players are expected to book profit in majors towards close of european session and also from mid US session.
    a good downward gap opening is expected tomorrow in Euro and GBP.
    Regards
    Dr.Sivaraman

  8. on 21 Oct 2009 at 12:29 pm8Greg Wilson

    Greetings. I’m one of the silent majority who has been reading and listening to Dr. Sivaraman’s analysis and webinars for awhile. I agree with much of he says. However I can’t trade by it exclusively, not by a long shot yet, because it’s still too vague or psychological for me. Part of the problem, if I have one, is that I’ve been a technical trader for many years and everything filters through my technical bias. What Dr. Sivaraman forecasts on any given day, can often be recognized by technical analysis. What I like about technical analysis is that it isn’t vague to me (and for many of the greatest traders of all time). Indicators and candles on the chart are not psychological flotsum or jetsum (although the unseen underbelly of price movements may be psychologically motivated). Technical analysis is pretty detached stuff. What I’ve discovered through the long school of hard knocks is that I must be detached vs. overly emotional. Sometimes Dr. Sivaraman’s analyis provokes/invokes a psychological reaction/approach, even in some instances, “fear”, a word he uses a lot. But again, I MUST be as emotionally detached as possible–as detached as the candles and indicator squiggles on the screen. This is also why I don’t trade exclusively off of fundamentals, which provoke highly emotional judgments/reactions. Rather I trade the fundamentals/news technically. The reason for posting is that many responding to Dr. Sivaraman seem to be hanging on to his coatails for dear life. Been there and done that and it cost me dearly$$. The bottom line eventually for everyone who is sincere about making money at this noble game (and we have to be as good as or a better trader than the only 5% who are successful), is that we have to cut loose at some point and learn this game for ourselves. Why? One good reason: the trader/teacher/expert we are depending on could be wrong. Or maybe we misunderstand them or misinterpet them. It should be holy writ that our own analysis at least confirms whatever else we are listening to out there. Doing own analysis can even be contrary to everyone else sometimes, and that may be a good thing.

    Thank you for listening.

  9. on 21 Oct 2009 at 12:40 pm9Cris

    @ Greg Wilson: Good point!

  10. on 21 Oct 2009 at 12:52 pm10Jetsetter

    Greg
    Thanks for posting this: I fully agree and trade the same way — but I think it’s very helpful to the crowd reading this: learn to make your own decisions and take responsibility for them, not blaming gurus, although one can include their prophesies in one’s analysis.

    If you’d like to connect privately and trade notes, I’d welcome it: vroussin@gmail.com

  11. on 21 Oct 2009 at 1:20 pm11vinesh

    Doc, what do you expect out of UCAD? will it reach this years high’s?

  12. on 21 Oct 2009 at 1:34 pm12Chris

    Greg Wilson x BIL?

  13. on 21 Oct 2009 at 1:34 pm13Santosh

    Doc,

    Do you think GBP USD is still at stop hunt or it is a trend reversal ?

  14. on 21 Oct 2009 at 1:53 pm14smith

    time is best for reversal but it is needed that EUR rise 1.5010-30 just for hitting the stops and for attracting new buy orders.

  15. on 21 Oct 2009 at 2:07 pm15su25

    Doc
    For your hat-trick rule, how do you calculate the rise or fall? Is it based on the net change for the session, +ve indicates rise and -ve a fall? Like today, for Gbp/Usd Asian & European sessions close is higher than open, does this price action qualify for testing of hat-trick rule?
    Regards

  16. on 21 Oct 2009 at 2:25 pm16carlab

    Dc: Stop hunt in the way up still alive. Do you see by any chance same could happen when europe closes in the way down? Can you confirm the predictions for USD in nov? USD to appreciate or depreciate? Tks

  17. on 21 Oct 2009 at 3:01 pm17Sanio

    Dear doctor, eur and gbp reveres from here?

    Regards,

  18. on 21 Oct 2009 at 3:20 pm18Dr. S. Sivaraman

    Dear All
    I have given a new update for US session
    Regards
    Dr.Sivaraman

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