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

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week end expected big moves

Posted on October 23, 2009 at 1:51 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP are making very volatile moves around the high during start of Japanese session.They are expected to swing and firm up to cut the high during late Japanese session and quickly drop towards close of the session and during early European session.Then after brief swings during mid and late European session,they are expected to drop quickly towards close of European session and early US session.Then after valtile moves during mid US session they are expected to slide towards close.Either way big moves are expected in the market to hit the stops.

Watch and make swing trades following the times of the expected market moves.

Regards

Dr.Sivaraman

Tags: EURO and GBP volatile moves

55 Responses to “week end expected big moves”

on 23 Oct 2009 at 1:56 am1Adnan Butt

Respected Dr,

Good Morning

What is ur opinion

Will eur/usd test 1.4900 today?
plz comment.

Thanks
on 23 Oct 2009 at 2:09 am2Jeeson Augustine

Thanks Dr
Its a profit taking day - Hope everybody will book profit for weekend.
Dr can we expect a fall in EURJPY to fall 137.70 to 136.05 level.

Good day
Jeeson
on 23 Oct 2009 at 2:20 am3HASHAR

dear dr

as eur/usd trading most of day above 1.50 level.
do you think a lot of short covering.every one is talking
now 1.55.
will tomorroww any time it will come under 1.49?

thanks
regards
Hashar
on 23 Oct 2009 at 3:37 am4Ben Dough

Doc, this is funny…you say a drop in Japanese session, a drop in European and US session, and then you say either way big moves are expected!!! We all know that the market cn go up or down…
on 23 Oct 2009 at 3:41 am5EC

These expectations are as useless as always…..
on 23 Oct 2009 at 4:19 am6Francesco

Dear Dr.Sivaraman,

market seems not willing to reverse yet and instead testing higher levels once again.

did you make yourself an opinion why traders are not taking buy positions?

Regards,
on 23 Oct 2009 at 4:27 am7Jeeson Augustine

Francesco - Wait for UK GDP data @8:30 GMT; I think all GBP crosses will dive by atleast 100 points after data.
on 23 Oct 2009 at 4:27 am8joshhh

Hi Doc,

My 2 penny worth Question - Why do they reverse in a big way above 1.5 as everyone is now looking for shorting Euro after it rise for more than 4 week? your theory that market always goes against general opinion does not apply here in Euro?

regards

Joshi
on 23 Oct 2009 at 4:53 am9Santosh

Jeeson,
There was a rumour mentioned in Thomson reuters that GDP may actually be better than expectation which was supporting GBP yesterday. If that happens we can see a jump in GBP also for a short time
on 23 Oct 2009 at 5:16 am10Jeeson Augustine

Yeah My GBPUSD estimation is 1.6720 to sell & target 1.6580 range. Reuters poll is usually good indicator but I think yesterday’s movement was partially due to retail sales - which was bad.
on 23 Oct 2009 at 6:02 am11mohi

Goodday Doc, eurusd trend is looking similar to as of last friday, where it hit highs during early Jap session and drop afterwards for pretty ,uch the day. Hopefully, it wont go up again till we close our short positions or longs of usdchf. Regards..
on 23 Oct 2009 at 6:27 am12George

It seems to me they are setting up for a new day of EURGBP drop, meaning relative EUR weakness and GBP strength. These days EUR and GBP move in such a different patterns that it is preferable to consider them separately.
on 23 Oct 2009 at 7:04 am13grow

Will Monday bring more drop in eurusd?
on 23 Oct 2009 at 7:08 am14Jeeson Augustine

Dr view is correct for EURUSD but at this moment EURUSD is loosing its strength; its not gaining weakness. There will be slow drop to 1.4850 level around 29 and if downward momentum gains again on 30th lower levels of 1.4780 level can be achieved.
on 23 Oct 2009 at 7:09 am15Jeeson Augustine

But break of any resistence can negate this view.
on 23 Oct 2009 at 7:31 am16Robin

Doc
You started saying that EU and GU will fall(BIG DROP)when they were at level 1.4700 and 1.5900 rspt.But now market is about 300 and 700 pips (rspt) above and you still saying that it will reverse.What is the use of this one directional trading?Now do not blaim players for this.They are meant to do so.But please atleast once agree that you was wrong expecting the both Eu and GU to reverse.Like that any one can give his expert view with a one sided approach.If I had said that EU and Gu will touch 1.5000 and 1.6600 respt then it will be more accurate(one directional)?”PLEASE STOP BEATING AROUND THE BUSH”?
on 23 Oct 2009 at 7:37 am17Santosh

Robin ,
I agree .It would really help if forecast also included updates when the statements made earlier are getting delayed or nullfied.
on 23 Oct 2009 at 7:42 am18Santosh

Just Tracking the statements , 15 minutes in the european session

Euro rising , GBP trying to fall

“quickly drop towards close of the session and during early European session”
on 23 Oct 2009 at 8:04 am19prince

jeeson
ur views seem more realistic, than of some others.
on 23 Oct 2009 at 8:05 am20Santosh

Just Tracking the statements , 30 minutes in the european session

Euro falling after IFO(20pips) , GBP falling after toucing a high(26 pips from high)

statement from the forecast -
“quickly drop towards close of the session and during early European session”
on 23 Oct 2009 at 8:08 am21mohi

As usual, some of the rises might be false moves. eurusd rise was a false move before the news. gbpusd might be too. I am not that optimistic of UK GDP figures. I keep an eye with fundamentals here in UK, I donot think GDP figures here would be as good as predicted
on 23 Oct 2009 at 8:10 am22mohi

Jeeson, seeing your blog, I also downloaded the autochartist.com demo. I have yet to learn much of it. But I noticed just before eurusd fell, the demo predicted move up in eurusd in emerging pattern. Just to let you know
on 23 Oct 2009 at 8:14 am23rich

mohi,
you got to see the blog?? gee.
on 23 Oct 2009 at 8:16 am24Santosh

right mohi, I am just putting a track postings to put a measure against the statement which will possibly put a rest to lot of discussion.
on 23 Oct 2009 at 8:21 am25Mevlut

Do you all think that EUR will go straight up? It is the market sentiment that players create to trap traders. There will be no limit for up or down movements. Players can rise it further up or down beyond expectations. This is the rule that i learned from respected Dr. So just trade with %10 of your balance or use hedding. Then you never wonder about movements. I am exactly sure that this upper movement will be reverse and I can read comments like “Dr. when EUR will reverse for upper movement”. I remember this kind of comments when GBP was around 1.56 therefore if you are near margin call it is only you to blame not the Doctor. If you have different views you can share it on this blog but it is not fair to take some words of dr. and show that it is wrong.
Thanks dr.
on 23 Oct 2009 at 8:26 am26Santosh

Mevlut ,
Lets not make it about blaming somebody and about right or wrong.
The general principle of trading with 10 percent and using money management are good points and everybody is aware (they may not follow it and then they should be blamed for that).

The point here is verification of analysis and it is a completely valid process to see how the analysis is going. For all we know , it is going correct as of now.
on 23 Oct 2009 at 8:27 am27Jeeson Augustine

All EUR followers - just to prove Dr point; take daily chart and add stochastic. If STO is showing more than 90 then it tend to fall but do you think STO will fall from 90 to 20 in a day. My experience is that it will take 5-10 days.

mohi - I did say autochart is 60% and only take 30m & 60m charts ignore 15m.

Jeeson
on 23 Oct 2009 at 8:31 am28Jeeson Augustine

Just update on GBP - dropped as predicted earlier today easy 100-150 points
on 23 Oct 2009 at 8:33 am29Santosh

exactly Jeeson,
looks like today’s forecast is working
on 23 Oct 2009 at 8:39 am30kawarimi

Yup, now we’ll see how later’s USD news affects EURUSD.
on 23 Oct 2009 at 8:46 am31Mevlut

Dear Santosh
I lost to much money before reading this blog and i regain all my looses via doctors analysis and techniques. I am also aware of the latest analysis are wrong. But I can now draw my own analysis and it is more important than loosing or earning money on trading.
I hope you all get good earn or regain your looses.
on 23 Oct 2009 at 8:48 am32Minor

Dear Doc,

Wonderful move in the markets.
trade calmly with Doc’ rules in your mindset will awarded.
regards,
on 23 Oct 2009 at 8:49 am33Santosh

Mevlut,

nice to know that you are successful. Infact My view is latest analysis(today morning) is not wrong.
on 23 Oct 2009 at 8:55 am34carlab

Dear Dc: Since ydy expectations were for lower EG, the move down in EU at closing could be very big. What level do you see in EU, then? Or is it only a Cable move? EU not moving much, just the cross and agst expectations.
on 23 Oct 2009 at 9:00 am35gough

Its funny Euro follow GBP upwards but doesnt follow downwards..GBP dropped around 250 pips from high..Euro unmoved
on 23 Oct 2009 at 9:05 am36maxi

as expected, dollar gain move started, in order to lower u-y by yen crosses
on 23 Oct 2009 at 9:06 am37kawarimi

Its not a USD move. So Jeeson, what are your insights on EURUSD?
on 23 Oct 2009 at 9:09 am38maxi

from what i read i believe there is new ‘micro’ carry trade activity that is supporting euro
on 23 Oct 2009 at 9:13 am39IGOR

To: Everybody!
I do not have PHD in profesy but one thing know for sure, they will rise the EUR/USD till all shorts are wiped out. Period.
on 23 Oct 2009 at 9:14 am40maxi

kawarimi - why not? nice drop in g-u of 250 pips, keep an open mind and you can follow market better
on 23 Oct 2009 at 9:15 am41Jeeson Augustine

Kawarimi - in 5-10 days; slowly drop to 1.4850 level around 29-Oct and if downward momentum gains again on 30-Oct lower levels of 1.4780 levels. But check the resistence levels breaks and it will negate this theory.
on 23 Oct 2009 at 9:22 am42Jeeson Augustine

mohi - just tracking autochart pattern - first it predicted 30 points drop and then 20 points UP both achieved. It is still 100% success
on 23 Oct 2009 at 9:30 am43Beko

Doctor’s forecasts are like soothsayings: they can be right or wrong: slide, rise, drop, swing etc. The major missing things here are TIMINGS or LEVELS. This is all the game is about.
on 23 Oct 2009 at 10:04 am44smith

Doc, what can be the reason that GBP forecast is working well, it is moving almost parallel to your forecast, but EUR is not following?
on 23 Oct 2009 at 10:22 am45Santosh

Smith ,

I would love to hear the answer from Doc but one possible explanation is economic results from morning. GDP below expectation (Chances of Increase of QE ) Where as European results are much better
on 23 Oct 2009 at 11:05 am46kawarimi

I’m thinking it’ll go down after news or after it made a new high.
on 23 Oct 2009 at 11:12 am47Jeeson Augustine

kawarimi- fingers crossed; even I want it to fall sooner as I’ve 10 trades in EURJPY and 8 in EURUSD. Even if doesn’t do it for today I’m happy with my GBP 336 PIPS today.
on 23 Oct 2009 at 11:31 am48rich

gbp is -250 day and -450 for week. Can it go lower??
on 23 Oct 2009 at 11:36 am49mohi

rich, GU is not negative 450 pips for the week, I think it is 70/80 pips positive
on 23 Oct 2009 at 11:38 am50rich

You are of course correct. I was looking at the range. My mistake.
on 23 Oct 2009 at 11:50 am51Jeeson Augustine

GBPUSD should test 1.6316 for 61.8% Fibo, then according to Harmonics bullish pattern it should go up 1.6549 followed by a drop to 1.6176.. I’m no FX Oracle but just using a well known technique
on 23 Oct 2009 at 11:52 am52mohi

Jeeson, that’s very good, let’s see what happens
on 23 Oct 2009 at 11:56 am53Jeeson Augustine

EURUSD is about to fall 100 points based on Autochart triangle pattern
on 23 Oct 2009 at 12:46 pm54kawarimi

EU fall will help push UJ to 92.15 area. UJ looks good on chart so it’ll probably happen :P. Lets wait and see
on 23 Oct 2009 at 5:22 pm55TheJade1

Appreciate the inputs from Jeeson, excellent. Thanks Jeeson and pls share more.

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