Comment by Nasimul Chowdhury on May 30, 2011 at 9:46am

Thank you Doctor.  I appreciate you taking time and energy to read the market and pass that knowledge to us.  I feel that I can sort of understand short term moves in the market now, (still get many loosing trades but protect myself well with stops, hedges etc) after following you for 3+ years.  When will you teach us medium / long term movements?  Thanks again

Comment by manan shah on May 30, 2011 at 9:52am

hello dr,

 

where do you see gbp this week? back to 1.62 area or 1.66 above?

 

thanks

 

manan

Comment by Dr. Sivaraman on May 30, 2011 at 10:11am

Dear nasimul

Within session swing trades are very essential to build up the equity.then medium and long term trades become easy by simply trailing the stop in profit making position and moving away the limit.it is like first learn to drive in city then long haul drives becomes easy any way.

I have explained position trade in my trading system webinars,

Regards

Dr.sivaraman

Comment by Dr. Sivaraman on May 30, 2011 at 10:12am

Dear manan

GBP is expected to make the downward move before resuming the upward move.we may see your lower side fist and late the upside.

Regards

Dr.sivaraman

Comment by Roshan Naidu on May 30, 2011 at 11:51am

Dear Doctor, please can you elaborate how the 30min/2hr rule relates to the initial high and low set for the day ( ie. high and low set by 03:30 am gmt ).

Comment by Dr. Sivaraman on May 30, 2011 at 12:25pm

Dear Roshan

You can listen to  the recorded webinar " tracking the forex market together part I- there I explained how the moves are to be identified using the time taken for each move.

Regards

Dr.Sivaraman

Comment by manan shah on May 30, 2011 at 1:57pm

dr,

 

they keep making new lows on chf...now we are at 85... do you see more going down or its good level to go long with low leverage here?

 

thanks

Comment by Dr. Sivaraman on May 30, 2011 at 2:08pm

Dear manan

Denominator currencies are undergoing lower level consolidations for a prolonged period.this indicates that the players are holding low and buy.they avoid making any big rise- so any level buyer lose the patience and cut the positions after some time.In such a situation it is better to take positions in currencies making good volatile moves like EURO and GBP.As small traders we can focus on earning quick money without any sentimental approach to any currency.We need to focus more on tradable currencies - my humble suggestion.

Regards

Dr.Sivaraman

Comment by MarlonF on May 30, 2011 at 3:50pm

Dear Dr,

Thank you very much for your forecasts and like i said before more often than not they have been spot on and VERY useful.

What do u think about Eur?  will it slide to 1.41s-1.40s before rising to 1.45 range or do u think it would rise to 1.45 first and then slide back to 1.40s?

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