EURO and GBP were making swings near high from late UAS session till early Japanese session of today.As explained during the webinar EURO  and AUD made upward stop hunt towards close of japanese session and gap time.They are expected to slide during European session from start.after mid session firming up move  EURO and GBP are expected to drop during late European session and through US session with some story.Players are known to create market sentiments and act against the traders.

Regards

Dr.Sivaraman

EURO and GBP made very little reaction to GDP data release and made their own way of contrarian moves - euro holding and gbp dippingm, and USD/YEN dipping after european session close rise.Players are inducing bearish feel in the market and buying at lower levels.Once the panic traders cut their longs position the  players are expected to recover euro and gbp initially today, and tomorrow  and monday they could make the month end upward rise.

Regards

Dr.Sivaraman

the players made the quick drop during start of European session for the long holders to liquidate the buy positions with fear.They are expected to rise from 10:00 GMT,first a recovery move followed by short covering rise.Month end moves are like that.

Hence hedging trading is recommended to keep hedging order instead of stop and keep stop at entry in the sell position which is taken against the buy position.trail down till the hedging is closed with profit.Then keep another hedging order 30 pips below market and trail up as they rise the market till you are able to keep stop at entry in the buy position.

Once they stop cutting the new low for more than 30 min the rise will be seen till week end.

Regards

Dr.Sivaraman

Hi blog readers and fxtraders:

This is Dr.S.Sivaraman of www.i-knowindices.com going to add one more interactive session in www.fxstreet.com .You can freely interact and give your comments about the market readings I am going to post here from now on whenever there is good opportunity to take decisive positions and earn from the market moves.I will post the market readings - operators’ intentions and also the type of possible trade - either sell and buy or buy and sell  trade in EURO and GBP.I will also give the forecast on the expected market moves based on readings of the operators’ intentions for you to understand that our trading decisions can be simple and need not be based on complicated analysis.

You can ask any market related questions and I am willing to give reply at the earliest.

Today’s expected market move: For week beginning - yesterday, they quickly corrected EURO and GBP after the extended stop hunt they made for week end on the upside.Now they want to hold low and buy EURO and GBP against their sell position and then quickly rise before the mid week data release and later slide during week end.

We will see specific market moves during the course of the day and decide on the trades.

Looking forward to your interesting interactions and beneficial associations

Regards

Dr.Sivaraman

i-knowindices.com