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
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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,
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
Hi Sir
Do you see GBP below 1.6350 towards close of US session thx.
Regards
Arun Kandyal
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
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
Vinesh,
Here is the link to Dr. Sivaraman strategy:
http://www.aboutcurrency.com/articles/forexsystemarticles/forex_day_trading_techniques.shtml
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
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.
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
Doc do you expect UJ to rise up?
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.
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.
nice work Constantin.
“Market is known to reward patience”
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.
I thank Dr. Sivaraman for asking me to concentrate on my analysis - 732 pips yesterday (second highest in my career).
Many Thanks
Jeeson
Jeeson, are you saying Doctor has no contribution to your 732 pipof yesterday?
pipso - now I don’t follow swing & slide just buy & sell levels and it works for me