9 Responses to “month end volatile moves are seen”

1. on 29 Oct 2009 at 5:05 pm1Diego

   so you still expect eu to cut today’s low?

2. on 29 Oct 2009 at 5:47 pm2Diego

   Respected Dr. tell me if I’m in the right path: now the net change for eu is near 150pips so the player must go down from here or wait (hold) until tomorrow to make an extra upward stophunt before the drop, right?

3. on 29 Oct 2009 at 6:03 pm3smith

   Doc, why may USDJPY drop parallel to EUR and GBP until tomorrow? What if it is reacting for USD gaining move? But if USDJPY is dropping tomorrow then it will come to today’s low?

   regards,
   smith

4. on 29 Oct 2009 at 6:29 pm4Ronan

   Doctor, the forecast has gone opposite of whatever you said today at the webinar and here. I am thinking you again must have misread the market. As few people predicted for last few days, lows were set so players could buy again and book profit for the month end.

5. on 29 Oct 2009 at 6:35 pm5haisam

   Doc

   what do you expect for EUR early JAP session?

   regards

   haisam

6. on 29 Oct 2009 at 6:37 pm6Gregor

   Dear dr.,

   it seems new highs ahead… Can we expect this move to continue tomorrow and reverse next week?

7. on 29 Oct 2009 at 7:18 pm7smith

   From the current point of view, GBP can easily rise to 1.6650-1.67 area during Asian session, the same level where it was last Friday before the UK GDP data release. That would be a nice stop hunt and after that we will see. What is sure that there were a lot of short positions in GBP because of the weak UK GDP data and now these are being swept. After this process the big drop can be the next.

8. on 30 Oct 2009 at 2:21 am8Greg Wilson

   Dr Sivaraman,

   One of your maxims to successful trading states that the ability to hedge is very important. That being so, one wonders why hedging is outlawed in the US. Politics as usual? We all know the rules against stop losses, limit orders, hedging, and the non-sensical “first in-first out order” hurt rather than help traders. The inability to hedge sounds like a real handicap.

9. on 30 Oct 2009 at 2:41 am9Greg Wilson

   The GBPUSD has been thinly tracking sideways in the Asian session so far, which prevents me from placing a fresh trade. There have been false starts followed by relapses to 1.6545. Perhaps price will revisit the daily high at 1.6690 EURO session, a logical upside scenario. But, because it’s the end of the trading week, and also the lack of news, I’m skitterish.

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