Now we have come to the last trading day of the week and the month of July.

After 2 days of gain and holding high ,and quick upward move of wednesday,the market started the slide in EURO and GBP rest of wedneday and Thursday.Now the last day of the week,we find the higher level long holders are not yet given a chance to close the positions with profit.The lower level sell position holders were able to close some of their sell positions if they have not done the short covering during the earlier rise.But every day some technical traders are taking breakout sell trades after quick drop it appears - the pull backs after quick drops indicate such conditions.What could happen next.?Players are known to make their money by making eitherway trapping of traders.Mostly they target the lower level short sellers who sell after the quick drop and higher level long holders who buy after the quick rise.

Now EURO and GBP are in the middle level for the week.How ever AUD has made only a nominal drop after the quick gains and USD/CAD gained 100 pips and holding around 0.95 area.But USD/YEN and USD/CHF are holding near the season low .there may be a  nominal drop and gain moves in them.

AUD may slide some more and drag EURO and GBP on the downside.

The expected market moves says

Swing and slide during japanese session, Quick drop during early European session with nominal pull back towards close of European session.More drop may happen during early US session.then a rise to trap the last minute short sellers for the week end.

As of now the momentum appears low.if more traders participation comes,we may see the expected market moves happening.

For US GDP data release (12:30 GMT) there may be some quick either way  volatile moves.



Views: 340

Comment by Dr. Sivaraman on July 29, 2011 at 6:08pm

Dear All

After the drop many webt for technical trade of short selling - the players are known to buy those sells and induce short covering by making quick rise especially during week end .

Monday we may see again the slide and may continue during early part of the week.This is derivation from the forecast model and the market may differ from the expectations.



Comment by Charith Abeywickrama on July 30, 2011 at 12:34am

Dear dev,

I just wanted to add my thoughts on to your comment, may be you will understand it's not the same for everybody. 

You commented;


"with the uncertinity in the international market don't you see that forex trading now a days has become gambling.....Not a single pair follow any prediction, charts, support or resistence etc etc....all currencies either in their record high or record low and making everyday a new record..."


But for me, it's same as before. Market action had not changed much for the way I trade. I get same signals and same profits and losses, ultimately giving me more profits. My point is, it's the way you trade. If you calmly trade your system without chasing the price or without trying to get tops and bottoms you may not find it any different or difficult than usual. As I understand market is unpredictable in any moment (now only now a days), why? players can move it just the way they want it at any time they want. Think about it, if you had money to move the market, wouldn't you?

Comment by Jan Pokorny on August 2, 2011 at 5:23am
Does anyone know, what happened with Dr and his seminars. Today's morning seminar was even on the Fxstreet plan...
Comment by Jan Pokorny on August 2, 2011 at 8:24am
Oh, thank you so much for your info.
Comment by Jack Collins on August 2, 2011 at 6:03pm

Doctor, as far as I remember you were expecting a drop on Wednesday. Is that still valid? Your update would be greatly appreciated.

Best wishes and good luck on you assignment.

Comment by Shetej Gupta on August 3, 2011 at 1:35am

Dear Doctor,

Its a new month now, how do you see eur/usd, usd/chf and metals performing..?


kindly share your views sir.


Comment by Rajanna Raji on August 3, 2011 at 4:32am

hello every body

i could not attend doctor's webinar on monday. any one who had attended the webinar kindly share the doctor's forecast of daily moves for this week.

thanking you in advance

Comment by Adinda on August 3, 2011 at 4:40am

you can watch recording of the webinar here
Comment by Jack Collins on August 3, 2011 at 7:07am

Rajanna, Doctor recommended small traders to stay out in the first week of the month because of high volatility.

Wednesday drop

Thursday rise

Friday drop

Next week rising trend start

This is what i remember. Apologies if I got it wrong.



Comment by Rajanna Raji on August 3, 2011 at 8:40am




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