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Week beginning -false moves

Posted on November 9, 2009 at 7:11 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the risk aversion move (drop) after NFP data and subsequently made usd weakening  move (rise) towards close for week end.

EURO and GBP made the quick rise during gap time and swing and rise during early and mid Japanese session.They are expected to slide after breif upward stop hunt duyring late Japanese session.

Slide and quick drop are expected during early European session to rise again during mid and late European session.

Theyare expected to swing and slide during US session to indicate whether rise or fall as the week beginning false move to understand rest of the week trending moves.

Regards

Dr.Sivaraman

36 Responses to “Week beginning -false moves”

  1. on 09 Nov 2009 at 7:38 am1Adnan Butt

    Respected Dr,

    Do u think downtrend in eur/usd has vanished giving way to uptrend

    Where do u see eur/usd in next days

    As many of the traders like me have held some trades in the area of 1.4400, waiting for deep reversal, but it seems that market tends to go towards 1.5200-5300

    Ur opinion is badly needed.

    Regards

    Adnan Butt

  2. on 09 Nov 2009 at 7:40 am2Adnan Butt

    Respected Dr,

    Another thing u had said approx 2 weeks ago when down trend had started in eur/usd that uptrend will start from second week of nov. So it is happening, it means down trend is now far behind?

    pleaze explain and guide?

    Regards

    Adnan Butt

  3. on 09 Nov 2009 at 7:49 am3Fawad

    Dr. What’s your expectation regarding GOLD.Do u c GOLD to 1000 level by the end of this month.

    Regards
    Fawad

  4. on 09 Nov 2009 at 7:58 am4smith

    these moves are really killing the traders if they are in short positions. The sentiment has turned very bullish but unfortunatelly I am in the wrong side…

  5. on 09 Nov 2009 at 8:27 am5Nazali

    Hi Dr

    You talked of the general outlook for eur and gbp up to April during the webinar this morning could you repeat it? Many thanks

  6. on 09 Nov 2009 at 8:38 am6Greg Wilson

    GBPUSD hasn’t cut the high for over 30 mins, but I wondering about placing a sell order, if one should?. The trend is still up and the high is essentially holding.

  7. on 09 Nov 2009 at 8:58 am7Roshan

    Dear Doctor, I am short the euro. When do you forecast for euro to go down to 1.4600 ?

    Is this a realistic expectation considering we are now at 1.4963?

    Respects

    Roshan

  8. on 09 Nov 2009 at 9:10 am8su25

    A thought:
    Many are asking Doc whether EU would go to 1.44 or 1.46 levels. These levels are about 360 to 560 pips away. If Doc says yes, and the reader believes EU will reach those levels, then would it not be a good idea to take another short (of course margin permitting, and with hedging order placed for the new order)? This short would bring down the overall average. And, if 1.4600 and 1.4400 are the entry levels, then with a new short, break even would come to only 180 and 280 pips away. And, if the intention is to exit the short at breakeven, then they could be exited at the new break even.
    This is another strategy which Doc recommends - however, with hedging and proper money management.

  9. on 09 Nov 2009 at 9:11 am9Francesco

    Dear Dr.Sivaraman,

    when you say “Theyare expected to swing and slide during US session to indicate whether rise or fall as the week beginning false move to understand rest of the week trending moves” what do you mean?

    Do you think players are still handling levels before deciding whether going for a further rise or drop to take profit?

    Thank you!

  10. on 09 Nov 2009 at 9:24 am10frosty

    Dr. Sivaraman,
    These predictions are being proved wrong. You appear not to give useful information for profiting from intraday moves. The market can easily get to 1.5060 today before reversing. The move you say is false is real. The false thing is to go against the market. Sure it will retrace a bit but your readers are probably in shorts and getting their accounts wiped out. Had your prediction beent hat the market will make over 100 pip move up then your readers would profit. Give a level to trade, not just false predictions. Anyone can make a prediction and chanes are 50% they are right.

  11. on 09 Nov 2009 at 9:28 am11frosty

    Roshan,
    If you want to stop losing your money, stay away from these types of predictions and stick to your own analysis. For traders to win, some must lose and guess which side you are on. You need to know when to get out before you get in. Hoping that these predictions will come though is wishful thinking, not trading.

  12. on 09 Nov 2009 at 9:35 am12frosty

    P.S.
    Think about this. These operator intentions are guesses of what large operators are thinking to do. Noone knows what large operators are thinking to do because they don’t know themselves as their intentions can turn on a dime. Do you all want to trade based on what someone thinks others may be thinking. That’s what you are all doing. This is not a chess game.

  13. on 09 Nov 2009 at 9:41 am13sadyk

    frosty,
    You sound like you have already lost your money all, you are frustrated already why can’t you stay away for some time and come back later in order to cool off yourself. Most of us are doing well with doctor’s teaching and not his forecast because he’s just helping we the small traders so try to learn along with us or you stay away completely because nobody brings you here.

  14. on 09 Nov 2009 at 9:51 am14Greg Wilson

    GBPUSD is returning to session high after small pullback/consolidation, now @ 1.6797. Now 1.6801. Now 1.6807. Don’t see anything to stop continued upside for awhile. Missed over 150 pips up from early Asia. Nothing to do but sit on hands now, wait for sell opportunity. But–when will that be? 1.6820, 1.6830

  15. on 09 Nov 2009 at 9:53 am15frosty

    you said it yourself, if it’s true, then you’re doing well with his teachings NOT his forecasts.
    Notice I am not saying anything negative against his teachings, since I don’t follow them I don’t know. I am saying negative things against these forecasts. So, tell me what is the point of giving these forecasts.

  16. on 09 Nov 2009 at 9:58 am16frosty

    P.S. and if you think I am not doing well, there goes another guess.
    I am long with TP at 1.5000, and reverse trade short to 1.4950 with 28 pip SL, then I am looking to go long again on any weakness if it gets to 1.4903 before it hits 1.5060. At 1.5060 I go short with profit target at 1.4850 and SL 20 pips. Now you will see how to trade if you do it right.

  17. on 09 Nov 2009 at 10:08 am17Ronan

    Dear Doctor

    You are forecasting for a fall in eurusd for almost 2 months now, even by 50% rule you are well wrong. You have ruined lots of traders. You targeted weak traders - small traders; a lot of traders lost their account because of you. It might not be taken lightly - I know some fools will come and say how wrong I am etc. Anyone who has been in the business for a while will say this blog is a garbage. But small traders are weak, they seek their piece of mind. You have ruined a lot of them. You should quit this.

  18. on 09 Nov 2009 at 10:11 am18Jaf

    SU25

    I did that strategy and took a double hit before i quit for good.

  19. on 09 Nov 2009 at 10:12 am19tetrahedron

    Dear Dr. At daily limits now. Can we see turnaround at these levels - or do you still see furtehr rise form mid/late EU session?

    thanks

  20. on 09 Nov 2009 at 10:17 am20Arthur

    I would second those who are saying forcast is wrong.Dear Dr you mentioned in your website that it is 95% accurate.I am following your forecast since last 4 months.How many times it has become true?I am not talking about strategy but forecast is not working at all.

  21. on 09 Nov 2009 at 10:26 am21Arthur

    Dear Dr, Did you ever think that how much harmful is conviction in your voice and tone to your listners? With such assurance how one can think that forecast can ever go wrong?

  22. on 09 Nov 2009 at 10:29 am22smith

    I close my EURUSD short position perhaps this can be the turning point.

  23. on 09 Nov 2009 at 10:45 am23Greg Wilson

    One thing traders often overlook. Whether we make trading decisions based on forecasts, technical chart patterns, or fundamental news, the decision to pull the trigger on a trade is ours (the trader) alone. If the trade goes against me, no one to blame but myself. I pulled the trigger.

  24. on 09 Nov 2009 at 10:48 am24sadyk

    Dear Dr,
    You should know that those puring their anger on you will soon come to say good about you, they are only getting angry because of their loses,they are all new to this blog and i think they will get use to your style of teaching after some time so please dont be distracted and keep on helping us.

  25. on 09 Nov 2009 at 10:56 am25Greg Wilson

    Sadyk,

    I assure you Dr. Sivaraman has seen these kinds of comments a thousand times over.

  26. on 09 Nov 2009 at 11:00 am26smith

    USDCHF is heading to new lows. What can stop this USD weakening move?

  27. on 09 Nov 2009 at 11:03 am27Adnan Butt

    Dear All,

    I am also on short in eur/usd, but i am not angry with Dr,
    U can have guidnce from him, match his guidance with ur own analysis then take the decision, If ur blindly following the Dr, or anyone else then there will finally disaster
    When u are seeing that gold is going high and hig, stocks are going up and up then ur common sense what says surely dollar will go down, but u can seek guidance from anywhere, do that suits u, frustration and blaming others is not good thing for a succesful trader, make mistakes but learn from them.

    Regards

    Adnan Butt

  28. on 09 Nov 2009 at 11:18 am28p.a.

    By the amount of Ima Whinners posting I’d say EURUSD will turn just about now.

  29. on 09 Nov 2009 at 11:41 am29Constantin Lucian

    Long usd/jpy 89.65 from Friday stop at break-even (1.5 minilots) target 90.95 - 91

    Long Usd/chf 1.0070 (1.5 minilots) target 1.02 - 1.0215

    Let’s see what happens this week.

  30. on 09 Nov 2009 at 11:43 am30Constantin Lucian

    this trades were made following doc’s trading strategy and medium term forecasts from daily webinar.

  31. on 09 Nov 2009 at 11:53 am31np

    To be fair, Doc did state :

    ‘Slide and quick drop are expected during early European session to rise again during mid and late European session.’

    which is what happened. Doc does not give absolute targets
    but clues to likely direction within specific time frames.
    It is up to us to practise our money management (which I failed to do today) to get the best out of his forecasts.

    I could have booked a small profit on my EUR shorts quite a few times after opening it today. The trouble is greed got in the way - wishful thinking that I will miss out on a bigger profit. I believe the same probably applies to most
    small time traders, which cannot be Doc’s fault - he always
    emphasises proper money management and patience.

    I am holding on as I do believe that what we have seen so far today are false moves at week-beginning as there is no
    significant data due today that justifies such a risk-appetite move.

  32. on 09 Nov 2009 at 12:03 pm32Chris

    Isnt Forex wonderful. Brings out the best in people.

  33. on 09 Nov 2009 at 12:15 pm33sadyk

    Chris,
    yes agree with you

  34. on 09 Nov 2009 at 12:27 pm34Chris

    To all whingers. Take responsibilty of your own actions. This is a helpful (intentionally) blog . so post constuctively or not at all. END

  35. on 09 Nov 2009 at 1:05 pm35Saswata Banerjee

    Doc has not yet replied to any of the questions. The whinners r affecting him in a bad way :(

  36. on 09 Nov 2009 at 2:53 pm36SJ

    people,

    Stop with this respected Dr this, or wonderful Dr that. All he is doing is giving his views on the markets and right now he is wrong.

    Rather than say I got it wrong he is still saying short Gold, short eur, blah blah blah, eventually he is going to be right as nothing goes up or down in a straight line.

    To all the Dr lover who blindly follow him and exhalt his advice, grow a pari and stop being a sychophant.

    The Dr is falliable and this time painfully so!!!

    If you look back to my advice a while on this blog, I said long GBP EUR and AUD vs the Dollar, to those that followed that advice(hardly rocket science) congrats as I laugh at these incompetent buffoons still crying over short Eur at 1.44 hahaah, ZERO SUM GAME. Losers and Winners and for the majority following the Dr, you my friends are LOSERS

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