EURO  and GBP during early European session made the downward stop hunt move below that of the initial low.Now they have done the upward stop hunt above that of the high.

They are expected to slowly swing and slide during US session.

Regards

Dr.Sivaraman

Views: 435

Tags: EURO, GBP

Comment by Jack Collins on July 21, 2011 at 12:53pm

Doctor, would you please update your expectation for tomorrow if there is any change?

 

Regards

Comment by MarlonF on July 21, 2011 at 1:00pm

Dear Dr.,

EURO rise, how do you think it would impact silver / gold? are they suppose to gain levels or drop cos of lesser risk sentiment?

Comment by Bassam A. Muhammad on July 21, 2011 at 1:10pm

Dr, with all respect , this does not seem like upward stop hunt at all ! , cleary this is a market shift due to big news in europe and also possibility to downgrade USA as stated 1 hour ago

190 pips up for a stop hunt ?! no sir

hope you are right and im wrong

Thanks

 

Comment by SAAJITH GANGA on July 21, 2011 at 1:46pm

Dear Dr,

   All pairs rising strongly without looking back.Do you expect a drop in US session ? or furthur rise and drop tomarrow as week end?

Comment by fammira on July 21, 2011 at 3:55pm

If that was not a rise, then what was it Muhammad??

wait for tomorrow, if they close above 1.43, you are right :)

 

Probably we can expect consolidation around 1.42 and 1.44 before new rise next month.

Comment by SAAJITH GANGA on July 21, 2011 at 5:16pm

Dear Dr,

   Your valuable update is very important here.

Comment by ATF on July 21, 2011 at 5:17pm
SIR KINDLY SUGGEST THE DROP TIMINGS FOR EURO........
COULD BE A CHANCE TO RECOVER THE LOSSES.......
Comment by Charith Abeywickrama on July 21, 2011 at 5:59pm
According to my understanding; If most of traders are selling, players are not fools to drop the market and give them profit. Instead they will rise the market (stop hunt) up to the point where most traders give up sell positions and emotionally turn long. When most of traders are ready to buy, players will happily sell it to them and drop the market in order to book profit on their sell positions.
Market will go up until most of traders turn long, hang on if you can wait it such time. That's how I see this situation according what I have learn from doc.
Comment by Santosh Tiwari on July 21, 2011 at 9:08pm

Charith,

If I am allowed to state an observation but the doc , after reading the market moves and player's moves has been telling for 3 days that Players are building sell positions and he does not foresee much rise.

you tell me what should I understand from this? Was doc reading the intentions wrong ?  What you have mentioned in your post is the age old contrarion principle used with COT charts and sentiment indexes.

Comment by Charith Abeywickrama on July 21, 2011 at 11:31pm

Dear Santosh,

As I understand it just means that predominant of traders are sellers at the moment, so players are buying from them. How could players build their sell positions if traders are not buying. When predominant of traders become buyers players will building their sell positions and drop the market. It may take more days if traders don't turn long. That's my understanding.

Tell me frankly, do you want to sell or buy at current market?

If you ask me, I don't go by trends or forecasts. I just take trades as it cut daily highs & lows and book 30 pips profit. Today I booked 30 pips sell on GBP. If tomorrow I get a buy signal I will buy.

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