Expected market moves for today 07th june
EURO and GBP formed the initial high and breached themnominally by 20-30 pips during late Japanese session.BUT AUD breached the initial high and then dropped to breach the initial low and staying below initial low.USD/CAD and AUD are showing negative net changes since early japanese session indicating the contrarian moves are in play.EURO,GBP and USD/YEN are showing positive net change to gain levels in YEN crosses.Considering the moves there may be swing and slide moves during the day.
The expected market moves for today
Japanese session swing and slide moves are expected.
European session may show quick drop initially followed by swings.
US session may show swing and drop moves .
Still use the trading strategies to limit the risk as the market need not show the expected moves and can deviate from the expectations.Trade with care.
Regards
Dr.Sivaraman
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Comment by Vinay Nilakhe on June 7, 2011 at 8:08am -
Hello Doc
Thanks for your predictions.
EUR is rising for more than 2 hours. Is that extended stop hunt? Would you sell if high not breached for 30 mins or would you wait for 2 more sessions?
Thanks,
Vinay
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Comment by Dr. Sivaraman on June 7, 2011 at 8:40am -
Dear Vinay
Yes EURO gained above the initial high 1.4600 to 1.4614 and then now to 1.4666 during early european session.Now the high should not be breached for 30 min and then the slide may commence.If they breached the high as net change is positve 88 pips - there may be a rise up to the next psychological level 1.4675 .if they fail to breach 1.4666 then slide upto 1.4600 may be seen there ater quick drop to 1.4564 and below may be seen after 2 hrs.
Regards
Dr.Sivaraman
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Comment by SAAJITH GANGA on June 7, 2011 at 8:43am -
Again drops became rising contin.......? Do we expect again DROP doctor?
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Comment by Yians on June 7, 2011 at 8:54am
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Hello Dr,
Can you teach us how to hedge correctly? Today in my demo sell trade with Eur/Usd, I started with a 30pips hedge then we the hedge is making money, I closed the hedge with a small profit but then the price kept going up and my hedge now become more than 100pips.
Thanks,
Yians
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Comment by Dr. Sivaraman on June 7, 2011 at 10:06am
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Dear Sajith
When for a GBP negative data when traders sell in bulk,the players made the quick rise to hit their stops.Now they stopped cutting the high for 30 min -2 hrs- the slide may be seen till the initial high and later quick drops may be seen till low and below- this is the normal way of handling the market by the players.we may see today similar condition.
Regards
dr.sivaraman
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Comment by Dr. Sivaraman on June 7, 2011 at 10:08am
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Dear yians
When the 30 pips hedge makes profit we need to keep first stop at entry in that.Once they stop cutting the high for 30 min we can close the hedge with profit and keep another hedging order 30 pips above market to limit the risk.Once they start the slide we have to trail how the hedging order until we are able to keep stop at entry in the sell position.
So here hedging can be used instead of stop and also to book profit as a technical trading during the move against us.
Regards
Dr.Sivaraman
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Comment by ATF on June 7, 2011 at 10:20am -
Kindly teach us the correct way to hedge plz
regards
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Comment by Yians on June 7, 2011 at 11:33am
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Dear Dr,
Thanks for your kind guidance. If stop at entry for the hedge gets stop out due to fake downward move, we quickly place another hedge? What if price shot up quickly than hedge will be more than 30pips right?
Rgds,
Yians
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Comment by Dr. Sivaraman on June 7, 2011 at 12:41pm
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dear Yians and ATF
There are 2 ways to handle the hedge when making profit- you can either book profit in the hedge when the new high is not breached for more than 30 min and keep another hedging order 30 pips above the market and trail down as they slide the market.the other possibility is we can keep stop at entry in the hedge when it makes profit for 30 min - then waht Yians said will not happen.ie drop and rise quickly.If the hedging makes profit for 30 min then it will make profit for more than 2 hrs and after 2:30-3:00 hrs only the stop might be filled at entry and once it is closed definitely we will be able to keep stop at entry in the sell position.
if we assume the hedging is closed during fake dip and the market rises quickly we can sell hedge market if afraid or keep 30 pips above the market the hedge order and review the market move.if they donot rise more then we can lower the hedge order until we are able to keep stop at entry in the opriginal sell position.I have explained in " my trading system webinar series how to use hedging .if you view the webinar you may be able to understand well.if you stiill have doubt you can ask me here and i am willing to explain.
Regards
Dr.sivaraman
Regards
dr.Sivaraman
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Comment by Christopher Hinton on June 7, 2011 at 12:44pm -
Dear Doctor or blog members: Question about manipulation
Right now the net change colors are: green, green, green, green, red, red
How can we tell which currencies are being manipulated by this, and which way the manipulation is going, ie. should we buy or sell.
This basic premise I am still confused about. Any insight would be greatly appreciated. Thanks
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