16 Responses to “Contrarian upward stop hunt is seen”

1. on 04 Nov 2009 at 10:25 am1j.j

   Dear Dr.Sivaraman hi,thank you for the update ,pls adv. if they are goning to cut the low for the pound.
   Regards

2. on 04 Nov 2009 at 10:36 am2Greg Wilson

   Really haven’t seen the forecasted GBPUSD slide and drop until close, European session. GBPUSD has gone up over 100 pips since late Japanese session. Too late to get into upside move now, downside potential has to be next step. But when? As Dr. Sivaraman points, FOMC Statement is the next big event, late US Session. I suppose the prudent thing is to wait.

3. on 04 Nov 2009 at 10:46 am3jimbo

   Hi Doc,
   When you say E/U and G/U will drop until close of European session. Do you expect the drop to retrace back to the start of the European Session levels or just a nominal drop until FOMC ?

4. on 04 Nov 2009 at 11:56 am4Greg Wilson

   Re: GBPUSD. There certainly aren’t many traders in the market right now, on the cusp of US Session. GBPUSD has inched off high at 1.6545, currently around 1.6510. BUt it’s slow. It’s as if everyone is holding their breath, waiting for FOMC Statement. I might as well join the crowd.

5. on 04 Nov 2009 at 12:00 pm5Pico

   Please Dr. do you expect an upward stop hunting in EURUSD?

6. on 04 Nov 2009 at 12:01 pm6Dr. S. Sivaraman

   dear j.j
   yes expected either after FOmc or tomorrow.
   Regards
   dr.Sivaraman

7. on 04 Nov 2009 at 12:02 pm7Dr. S. Sivaraman

   Dear jimbo
   The first drop could to up to initial high and if traders turn long then further downward stop hunt could happen.
   Regards
   Dr.Sivaraman

8. on 04 Nov 2009 at 12:53 pm8Greg Wilson

   Re: “Please avoid making such comments.” Dear Dr. Sivaraman. I’m not sure what comment I made that caused you to respond the way you did, but I respect your wishes. I caught the GBPUSD move to the upside during the Japanese Session. That’s what I was posting about,i.e., a good upside pips opportunity with momentum for several hours. But because I am fairly new to this forum, I will stop making any comments until I better understand your thinking and approach to trading, which is entirely different than mine, and can respond in like manner. Kind regards, Greg Wilson

9. on 04 Nov 2009 at 1:01 pm9Dr. S. Sivaraman

   Dear Greg Wilson
   i only suggested control your emotional expressions about currencies- like rising in riocket speed etc.That will induce you to become bullish- such emotional conditions are not good for trading- that is my point.
   Regards
   Dr.Sivaraman

10. on 04 Nov 2009 at 1:08 pm10Robin

    Sir Doc,

    You said that it will cut the initial high ie. 2:30 to 3:30 GMT.But unfortunately I am not available at that time.It will be great if you start displaying Initial high and Low for the day along with Your Updates Post.

    Thank You

11. on 04 Nov 2009 at 1:16 pm11Greg Wilson

    Re: Emotional response. Thank you Dr. Sivaraman for clarifying what you meant. I’m an American, and I undoubtedly I sometimes overuse the slang and catch phrases of this country. I’ll avoid it on this forum. I also realize others will not understand or will misinterpet. I’ve been trading for ten years, posted a couple hundred of my charts, analyis and trade results on other sites, which I won’t mention here. I am well acquainted with the perils of emotional trading. Please know that I have great respect for you, Dr., and what you are doing. Regards, Greg Wilson

12. on 04 Nov 2009 at 1:35 pm12Dr. S. Sivaraman

    Dear Robin

    you may see the levels in the live market quote page or refer to chart and obtain the levels in case you are not able to watch the market during that time frame.
    Regards
    Dr.Sivaraman

13. on 04 Nov 2009 at 1:37 pm13Dr. S. Sivaraman

    Dear Greg Wilson
    Thanks for your understanding.I need not tell you as you are aseasoned person - only with calm mid we can achieve our objectives.
    Regards
    Dr.Sivaraman

14. on 04 Nov 2009 at 1:42 pm14Robin

    Sir,

    Will UJ also drop to its initial low at the end of Europian session ?You dint mention anything abt USD/YEN for rest of session.

    Thanks

15. on 04 Nov 2009 at 1:47 pm15pipso

    Dear Doctor, it all starting to look very familiar. Last month we have it all same, you predicted a fall around fomc mtg, before / after etc and few days after etc but it did not happen. It continued to go up. Now again, stock markets are starting to go into positive territory again, news is good, I just am starting to feel that eurusd will start to rise again. Players dropped it to low and bought and now starting to rise. I hope this is not true as I am still holding from 1.44 area. Your feedback would be greatly appreciated. With respect, I hope you are able to see the market pattern to able to read buys by the players. I was thinking I am seeing dump and pump moves. Thank you

    And other thing you said at the webinars that even though eurusd was rising with s&p and following the trend; the opposite will start to happen - it hasnt happened. Doctor, is there anything to read on that. Thanks

16. on 04 Nov 2009 at 2:04 pm16PRINCE NG

    Greg thanks for not engaging Dr in a verbal war.his gurde is of utmost importance here.his products like me can also post some respect-commanding statements like here if we want.you are highly welcom. DR,pls do you espect them to cut below 1.6000(gu) before another rise in this month?.tnanks for being you

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