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

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Mid week -volatile moves

Posted on November 18, 2009 at 6:22 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the slide yesterday during early US session and firmed up towards close to open high and hold near high to make upward stop hunt in EURO during japanese session and upward stop hunt in GBP during early European session.So higher level swings are expected during Japanese session.After brief firming up move they are expected to drop during Early european session using the data release as trigger.From mid European session they are expected to rise again as part of volatile move for mid week .During US session they are expected to swing near high and then slide slowly till close.

Either way quick trading opportunities could prevail.But the entry  and exit could be during quick moves.

Regards

Dr.Sivaraman

46 Responses to “Mid week -volatile moves”

  1. on 18 Nov 2009 at 6:53 am1Adnan Butt

    Respected Dr,

    Good morning after an absence of some days. In fact I was busy in some domestic chores.

    Do u think that eur/usd will go down in few days upto 1.4600 area, or it looks to soar towards 1.5100, 1.5200 area.

    ur comments are valueable for me.

    Thanks

    Adnan Butt

  2. on 18 Nov 2009 at 6:57 am2PRINCE NG

    thanks for your update.please do you think we could get to 1.63 before hitting 1.7 in GU.looking to hearing from you.thanks

  3. on 18 Nov 2009 at 8:08 am3Raj patel

    Arthur,
    I would like to throw some light on the 30min rule trades, but first of all What is your understanding of the following logical expressions:
    1)open-high-low-close
    2)open-low-high-close
    Understanding these two sine waves will make it easy for you to follow the price action to determine end of a up run or down run relative to time/price.

  4. on 18 Nov 2009 at 8:23 am4Rich

    Dr,
    we know very well about waiting 30 min after new high or low, but is there a special signifigance to breaking the high AND the low as in GBP today. Does this give any clue as to intended direction, or, any clue at all?

    And thank you for all your time. Those of us who have listened to you and traded with patience and take responsibility for our own actions have benefited greatly.:-)

  5. on 18 Nov 2009 at 8:46 am5john

    >>After brief firming up move they are expected to drop during Early european session using the data release as trigger.>>

    Ok, we had instead a 30 pips upswing since the London open in less than 45′.

    Which data release are you talking about, Dr?

    There is only the EMU Sep current account 1 hour later the EU session and then UK BoE Minutes at 9:30 GMT.

  6. on 18 Nov 2009 at 9:00 am6leon

    The time which this man idiot talk about never comes.

  7. on 18 Nov 2009 at 9:15 am7j.j

    Dear Dr Sivaraman hi, would you PLS adv on how you see gold move now
    Regards

  8. on 18 Nov 2009 at 9:17 am8Raj patel

    John,

    0915 GMT [Dow Jones] The dollar is lower across the board as European stock markets rally - shrugging off a decline in the Nikkei and bearish data from the US. Sentiment is being helped by a continued rally in crude, gold and other commodity prices. All eyes are now on the Bank of England minutes to see if the MPC was split on extending QE earlier this month. If they were, this could knock sterling lower. The USD is down at Y89.15, while the EUR is up at $1.4918. The GBP is a tick or higher at up at $1.6815. (NEH)

  9. on 18 Nov 2009 at 9:19 am9Erik

    Doc, how do you see the EUR/GBP cross move today? Thanks.

  10. on 18 Nov 2009 at 9:31 am10leon

    Doctors patients are increasing and the doc is giving bad Antibiotics but good painkillers.

  11. on 18 Nov 2009 at 9:32 am11leon

    Look look the EUR is falling in the start of European session according to this idiot!

  12. on 18 Nov 2009 at 9:46 am12leon

    Shame on you Doc! Go get some life!

  13. on 18 Nov 2009 at 10:00 am13NextLevelFX

    Leon

    I got your point, don’t you think it’s time to move on and let others make up their own mind, or you are no different from what you’re preaching against. (IDIOT)

  14. on 18 Nov 2009 at 10:00 am14smith

    the same happened that I asked at the webinar… the drop was for fresh buying, the supports are working well and EURUSD is above 1.4950. Volatile market, the best for day-trading but not for position trading

  15. on 18 Nov 2009 at 10:02 am15leon

    NextLevelFX
    No just tell me why this person is making the small traders loose money by telling the wrong thing?

  16. on 18 Nov 2009 at 10:16 am16NextLevelFX

    Leon

    If some chooses to be stupid can you fix that? If one chooses to trade with out his own research I really don’t feel bad for them because this people are greedy and want to make easy/quick money. Nice dream, there is nothing easy. I trade for 5+ years and learned the hard way. The Doc stressed on many occasions to have a trading strategy, and in the blog all I see that most of the questions are “what level do you expect a X currency to hit?” or something like that. I don’t feel bad for free lunchers!

  17. on 18 Nov 2009 at 10:25 am17NextLevelFX

    Leon

    I’m a break out, retracement and reversal trader in both directions of the markets, and I apply certain rules that I learned from the Doc. about reading of the markets. Do I get it right all the time? NO, but I’m not going to say that the idea was wrong, because my reading could be wrong too.

  18. on 18 Nov 2009 at 10:30 am18Dr. S. Sivaraman

    Dear leon
    early European session drop has not happened the mid session rse has come early.Now follow up rise is not seen indicating they could slide during late European session.

    I am extremely sorry -I am an idiot and not able to become sane like you.

    Regards
    Dr.sivaraman

  19. on 18 Nov 2009 at 10:37 am19Saswata Banerjee

    Doc,
    please dont accept what leon says. we know this is ur modesty but these ppl dont know how to respect modesty and humility. the more u wil bow down the more they will throw bad words at u. they will nevr realise this will do them no good in return.

    i think ppl are still giving the forecast more importance than the strategy. most new comers dont know the strategy as they can only see the forecast on a day to day basis. please mention foremost in all blog post IN BOLD LETTERS that the strategy is the top priority and the forecast is just added information which has every chance to go 100% wrong given thin volume market prevailing nowadays.

  20. on 18 Nov 2009 at 10:38 am20Pico

    leon,

    Dr. always say: sell high when the price stop cut the high for 30 minutes to 2 hours. If you shorted, the idiot was you.

    don´t blame others.

  21. on 18 Nov 2009 at 10:43 am21Saswata Banerjee

    Dr,
    I would like to know from history the last three instances when thin volume conditions like nowadays prevailed and for how long? This is for my education as i am in FX for 1 yr only. please help me with this information from your experience.
    Thanks in advance.

  22. on 18 Nov 2009 at 10:47 am22Rich

    Even though Leon is making things unpleasent here, I still find myself sorry that he is losing trade after trade and obviously losing much money

  23. on 18 Nov 2009 at 10:52 am23sg

    The players intentions are not good.

  24. on 18 Nov 2009 at 10:54 am24Rich

    that was way too easy. ;-)

  25. on 18 Nov 2009 at 10:56 am25leon

    By putting your name RICH you can’t gain pips..

  26. on 18 Nov 2009 at 10:59 am26Saswata Banerjee

    i think he wanted 900 pips and following docs forecast alone without the strategy made him lose 225, hence the backlash.

  27. on 18 Nov 2009 at 11:00 am27leon

    Saswata Banerjee
    hahaha another Hindu idiot.. I don’t care for that much lose coz i have a leverage of 50:1 with Standard lots!

  28. on 18 Nov 2009 at 11:01 am28Saswata Banerjee

    something for the free lunchers to learn.

    there was a fx trader. he made huge loss in the forex markets one day. and then he became a millionaire!!! how ??????

  29. on 18 Nov 2009 at 11:01 am29Jeeson Augustine

    Those who made some profit by reading Docs blog must show some decency by posting examples when it was perfect. Like 16-Nov US session start EURUSD was around 1.5010 by 17-Nov US session start we reached close to 1.4820. A 200 pips drop on a slide & drop forecast was not bad. Combine your strategy entry points with docs forecast you can make good pips in EURUSD or even in Gold
    Jeeson

  30. on 18 Nov 2009 at 11:01 am30Pico

    leon,

    so i don´t understand what are you doing here. i just tried to say you that the strategy is more important than the forecast. so if you are winning, why are you angry? Dr. is not god, nobody is correct 100% of the time. It´s don´t give you the reason to disrespect nobody here.

  31. on 18 Nov 2009 at 11:04 am31Raj patel

    Doctor,
    Why are you allowing people who become abusive and personal to continue to post in this blog?.
    Constructive critisum is all that should be permmited.

  32. on 18 Nov 2009 at 11:05 am32Saswata Banerjee

    leon
    u hav no idea about religion. every john is not christian, every akbar is not muslim and every ram is not hindu. keep ur pathetic ideas about religion to urself. it only shows ur limitations.
    in Sanskrit, we call such a person “Kupa-mandukam” - the frog who never went out of its well and thought it lived in the largest sea.

  33. on 18 Nov 2009 at 11:06 am33vinesh

    Gys who think doc is an idiot needs to look at himself in the mirror 1st. Doc makes intraday sexpectations and you most likely got trapped in a move bc u were blody greedy and now blaming doc for it what an idiot u r

  34. on 18 Nov 2009 at 11:08 am34j.j

    leon you are so arrogant, pathetic,you hv no respect to the others ,if the Dr. is right or wrong what is got to do with you you idiot!

  35. on 18 Nov 2009 at 11:55 am35mohi

    Leon, Its one thing to say Doc is wrong but calling him and others names is completely different sort of ball game. If you are stuck into wrong positions, I can assure you, you are not in the boat alone. So hang in there with patient. Calling people “Hindu God” etc is beyond all modesty. Your criticism will be ignored by people who visit this blog. Therefore I suppose you are welcome to come up with constructive criticism, in my opinion. Not good for you to call other anything, not good for your trades either. We all have to stay calm. Regards..

  36. on 18 Nov 2009 at 12:04 pm36Pico

    Dear Dr. Sivaraman,

    Please, can you give us some insight about EURUSD?

    Thank you.

  37. on 18 Nov 2009 at 12:07 pm37leon

    Saswata Banerjee
    So you are an antique Sanskrit? From which museum are you writing?

  38. on 18 Nov 2009 at 12:08 pm38leon

    j.j underwear!

  39. on 18 Nov 2009 at 12:15 pm39Dr. S. Sivaraman

    Dear Pico
    the update is posted.
    Regards
    Dr.Sivaraman

  40. on 18 Nov 2009 at 12:15 pm40leon

    The Euro has posted a sharp recovery after bouncing at 1.4805 session low on Thursday, and the pair has rallied about 170 pips, getting back most of the ground lost yesterday and reaching intra−day high at 1.4970 at the moment of writing, 0.55% above the day opening price
    According to Doc

  41. on 18 Nov 2009 at 12:37 pm41ATF

    TO ALL.

    THIS IS NOT HYDE PARK FELLOWS.
    AND PEOPLE WHO USE ABUSIVE LANGUAGE SHOULD BE BANNED.
    TRY TO FOCUS ON STRATEGIES RATHER THAN BLAMING OTHERS OF ONES LOSSES.

  42. on 18 Nov 2009 at 12:48 pm42leon

    euro is falling in opposite direction

  43. on 18 Nov 2009 at 1:02 pm43Arthur

    Dear Raj,
    Thanks for asking.
    Let me clear one thing pls: I am new to the forex but have studied all these things.
    I have with me most of Dr’d teachings.
    My point is that his teachings are alright but strategy is not suitable from a small day trader’s (Like me) perspective because market is not bound to respect 30 min or 2 hour rules.There can be stop hunt after 35 minutes and either position is stopped out or hedged and then one has to wait for many sessions to close it.
    Dr himself seems to anticipate all these things in advance and manages accordingly but not the reader of this blog.
    Today Dr has given update (which is very king of him) showing EUR day HI set.At the same time there is possibility of late European session’s rise…Though Eur is expected to hold at that time but there can be stop hunt!!! So its not that simple.

  44. on 18 Nov 2009 at 1:12 pm44Saswata Banerjee

    obviously its not simple. else 98% of traders would be laughing their way to the bank!!

  45. on 18 Nov 2009 at 3:25 pm45leon

    EUR is falling i am a lair!

  46. on 18 Nov 2009 at 3:31 pm46Arthur

    Dear Saswata Banerjee,
    Thats what I am trying to bring into attention:Its not simple yet Dr seems to make it simple to implement.Sure, its simple for him because he has got his research behind him but not for a person who just reads forcast or listens to the webinars.Had it been enough to follow the forecast then there would have been no need for updates.

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