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

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false firming up before data

Posted on October 28, 2009 at 14:07 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP firmed up before the 14:00 GMT data and started the slide - many may think the data is inducing risk aversion.After tyhe slide and drop  till early tomorrow the players are to show risk appetite move tomorrow and day after risk aversion move for week end.We know they are attributes for the up and down moves of the market.But big players make such moves to earn every time telling stories for the traders to believe.

Regards

Dr.Sivaraman

17 Responses to “false firming up before data”

  1. on 28 Oct 2009 at 2:20 pm1Francesco

    Dear Dr.Sivaraman,

    GBP is still close to the highs in this start of US session.

    Do you think it will also drop later and rise again tomorrow?

    Better to sell now close to the highs or wait for the drop and buy low tomorrow?

    Regards,

  2. on 28 Oct 2009 at 2:47 pm2Adnan Butt

    Respected Dr,

    I am holding my lots of eur/usd from 1.4400 level

    I should wait for further down move or close my trades at some proper level.

    I am in confusion,

    What do u see near future of eur/usd?

    Plz Guide
    Ur timely guidance is very valueable for me.

    Regards

    Adnan Butt

  3. on 28 Oct 2009 at 3:47 pm3Arun Kandyal

    Hi Sir
    Do you see GBP below 1.6350 towards close of US session thx.
    Regards
    Arun Kandyal

  4. on 28 Oct 2009 at 4:23 pm4vinesh

    Does anyone have the post that one guy posted a few weeks ago. I think the guys name was Smith and he posted DOC’s strategy in one big paragraph. If you have it would appreciate if some one could post it

  5. on 28 Oct 2009 at 4:30 pm5Alex

    Dear Doctor,

    The players have been holding USD/JPY for 6 hours now between 90.90 and 91.25, do you read it as it could go further down to 90.50- 90.35 or from here on it is expected to go up and make higher highs, but the players could hold it longer in this range and then make the upward move.

    Thank you, for your care

  6. on 28 Oct 2009 at 4:33 pm6Pico

    Vinesh,

    Here is the link to Dr. Sivaraman strategy:

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

  7. on 28 Oct 2009 at 4:38 pm7Dr. S. Sivaraman

    Dear All
    as I have explained in the webinars that the corrections in euro and gbp are expected to happen with swings till 2nd week of Nov.so the players are holding and make each time small corrections to induce the traders to place buy orders and then drop.they are expected to make quick drops on friday for week end and month end time.market is known to reward patience.
    Regards
    dr.sivaraman

  8. on 28 Oct 2009 at 4:47 pm8Gregor

    Dear dr.,

    can we expect tomorrow some set back in this correction, i.e. rising E and G before drop at the end of the week?

    G.

  9. on 28 Oct 2009 at 5:38 pm9Greg Wilson

    Dear Dr. Sivaraman,

    A few hours ago you made the forecast that “the (EURO, GBP) are expected to firm up nominally from mind-European session to swing and slide during the US session.” “Nominally” as it turns out was a swing up from the low at 1.6288 to current high of 1.6415 (GBPUSD). In your latest post you are writing that the players are holding and making small corrections to induce the traders to make buy orders. That’s easy enough to accept, there was a trade opportunity to the upside off the low (US Session) to the current level above 1.6400. If a trader didn’t get in to the move a 100 pips ago he/she would be foolish to get in now. But what happened to slide, Dr.? Maybe the high has been reached or maybe the high will be around 1.6441 before the US session is over, but most certainly we are not looking at a slide as I write. (Price just roared to 1.6460). A savy trader would have caught this move regardless of the players intentions or your forecast, based on price action and direction. And so, dear Dr., as to the expected quick drop on Friday, well, sure, anything is possible. We’ll just have to wait and see. I hope you are right though, Dr., because traders will be making trades off your forecast.

    Sincerely

  10. on 28 Oct 2009 at 6:05 pm10vinesh

    Doc do you expect UJ to rise up?

  11. on 28 Oct 2009 at 6:08 pm11Constantin Lucian

    I think players are now handling eur/gbp cross and that”s why gbp didn’t fall and rise.
    I want to thank Dr. Sivaraman for his kind and valuable advice regarding my eur/gbp short, i finally closed it now after 4 weeks of holding short from 0.8990, for 30 pips profit. This 4 weeks although pair went around 0.94 and didn’t seem to stop and i was -400 pips i didn’t doubt dr. insight of eur/gbp drop as i know that sometimes the forecast gets delayed but in the end he is right (with money management you can withstand extreme moves). Expecting from him to be right and accurate at the same time in my opinion is too much, because then you can’t lose and all your trades will be successful and all of us that read this blog maybe hundred or thousands of people will get rich and then we would find a cure to poverty…open a forex account and listen to doc and get rich.
    I’m comfortable with dr. being right and SOMETIMES have a delayed forecast. So again thank you dr. for your patience advice and guidance to understand why the players delayed the drop and also how to identify looking at the price action what the players are doing (the same happened now with aud/usd one sided rise with new highs..and now a good reverse). I know that if i follow doc trading rules i should have now put stop at break even and maximize the profit as it is possible to fall towards 0.88 but i’m very comfortable with 30 pips profit after being for 1 month -400 pips. Also thanks everyone that answered to me when i was posting distressed question about eur/gbp (jenks, jefe,mohi,house..and everyone else)…let’s keep up the good work and help each other and appreciate dr. hard work.

  12. on 28 Oct 2009 at 6:22 pm12pipso

    CL, I am glad you came out with profit, i hope i can say the same thing, i am holding eurusd from 1.44 area? regards.

  13. on 28 Oct 2009 at 6:46 pm13Jenks

    nice work Constantin.

    “Market is known to reward patience”

  14. on 28 Oct 2009 at 10:16 pm14Diego

    Respected Doc. et all:

    so e/g dropping is the forecast? can that make g/j go up? or will e/u go further down? or both? I´m holding very bad short and longs in e/u and g/j respectively, so I wonder if I should hedge at these levels (-300pips each) or consider that the bottom was already made and they will recover.

  15. on 28 Oct 2009 at 11:39 pm15Jeeson Augustine

    I thank Dr. Sivaraman for asking me to concentrate on my analysis - 732 pips yesterday (second highest in my career).
    Many Thanks
    Jeeson

  16. on 29 Oct 2009 at 5:10 am16pipso

    Jeeson, are you saying Doctor has no contribution to your 732 pipof yesterday?

  17. on 29 Oct 2009 at 5:40 am17Jeeson Augustine

    pipso - now I don’t follow swing & slide just buy & sell levels and it works for me

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