Comment by vishnu on June 3, 2011 at 3:33pm

sir.do you think GBP also to come  down after 16.30?

Comment by Dr. Sivaraman on June 3, 2011 at 4:02pm

Dear Vishnu

Thwey may hold the level without cutting the high during last 30 min of the extended move - that gets over by 16;30 GMt.In case they cut the high again after that time - that means they are making intentional move as rise- then monday they are expected to make the downward extended move for 2 hrs.Then we have to close the shorts and wait for next rise to sell.I am expecting them to drop for ECB and BOE interest rate decision time (09th June) thill such time they may make wide range swings in the market.

Regards

Dr.sivaraman

Comment by Amit Singh on June 3, 2011 at 5:34pm

I have seen how people react to criticisms here on this blog but I am assuming it is fine to say , Not a  good call today at all.

If it is ok to post "great call " on the days it has gone well , I am assuming it fair and acceptable to say that calls have not been on target at all for today. Please note that this is an input just about the calls and nothing else.

happy weekend everybody

Comment by Sundaram on June 3, 2011 at 5:41pm

"EURO alone making the extended move now cutting the recent high and staying above there for more than 30 min.So for another 2 hrs the rise may persist and the net permissable limit of 150 pips net change may be the limit"

Did doc go wrong here?

Comment by Rony on June 3, 2011 at 5:46pm

As per Doc,

if you see net change over 45-50 pips you can initiate  a sell/buy order. In  the  case of euro I applied that rule and worked well.

Comment by Rony on June 3, 2011 at 5:52pm

Comment by Amit Singh on June 3, 2011 at 6:32pm

Sorry guys , I am not looking for debate here so please no need to defend  . To be fair , if people feel it is a good call and they can say , we should be open enough if somebody is respectfully saying  that it was not a good call. It does not reflect on person(doc) but just the analysis and the calls for that day.

 

I clearly said I am just commenting on the calls . In my view the calls for rise was given too late in the evening where as the signals for the rise were there from the morning.

I am looking at the postings from the morning  and there was a moment in the morning when there was clear signal that market may go up . In fact I presented the analysis as per doc's rules only . I kept asking but I kept getting the view that it is going to drop. Doc has changed his view by evening , I accept that but enough data was available from European session to do that.

 

I don't blame anybody . Doc has already posted that it is a paid course which teaches if you have two alternative explanation  , how to select the most probable one , so cant complain if I am not paying for it .

 

 

happy trading everybody

Comment by Nasimul Chowdhury on June 3, 2011 at 7:15pm

Doctor's call was not good today as overall for last few days his bias was heavily on the downside.  It didnt happen, and I think market will do as a minimum further stophunt before a drop.  I know we all get carried away and dont want to misss that great paying trade.  But 30 min / 2 hour rule is a must regardless what the forecast says.  If you can master 30 min / 2 hour rule, you can earn reasonable return, otherwise whoever says whatever forex does not pay, somebody is going to clean you up.  It is either players or the brokers.

Comment by raj patel on June 3, 2011 at 8:07pm

Nasimul, Well said the forecast was in some part  the otherway but strgy of 30m was spot on if applied correctly. This is point many are missing they trade the forecast and get disppointed when it does't pan out. if observe the timing of the forecast and relate that to price you will find that there is a lag of a few days b4 the forecast becomes valid, As it becomes valid followers quickly forget the stragy and repeat thier mistake and so the issue of failure compounds itself over and again.

 

Comment by Amit Singh on June 4, 2011 at 5:17am

Raj and Nasimul ,

you are possibly not the right person to answer this and only doc can but a simple question in light of below two facts collected from your postings

1. Forecast may work , may not work.Depends on docs personal bias (which we dont know as what it is based on )

2.30 minute/2hr - sopt on , is a must , irrespective of forecast should be followed , works very well if applied correctly, needs to be mastered 

 

than why not doctor drop the forecast and give readings based on 30 minutes/2 hours only after applying it correctly  for the people who are new and not able to master it ? what is the point of using forecast in the first place if it is not reliable if you have something(30 minutes/2 hours) which is reliable ?

or is the implicit simple answer is you have to pay for it . I am ok with that if that is answer - just make it clear to people that pay the money and you will get the better reading based on 30  minute/2 hour strategy. A bigger moral question is , if 30 minutes/2 hours was telling something else and forecast was telling something else why did the postings ignore the rule which works always and stuck to a forecast mechanism which may fail.

 

You can say the traders should do it(learn it and apply) themselves but if it works so well as you say that for benefit of everybody, is it not a better choice to use that only and dropping the forecast all together? also why to conflict trader with two different things if it is , as said by you two , works so well.

what is the benefit/use/advantage of giving forecast when it can go wrong in comparison with another mechanism which supposedly works  and than blaming people for not being able to resolve that conflict which was created by using two different mechanisms in the first place ?

Doc has said many times in his postings, he wants to help small traders , it becomes super obvious that to help them use something(30 minutes/2 hours) which works rather than using something(Forecast) which does not and goes against something(30 minutes/2 hours) which works

Is it trader's mistake if Doc wants to use something to give postings which has been proved and accepted by everybody that it can fail ? Should small traders which are trading with hard earned money and looking for small profits be experimented upon with a mechanism which can fail as you two gentlemen have pointed clearly in lieu of something which works ?

Please don't even tell me that go back and read the webinars . I have and you know it that it will take time to master that (30 minutes/2 hours) rule for any body new . If a posting is done based on that , will it not be more helpful ?

 

Raj , I remember reading requests by some traders to you on one of your defensive mails  that why don't you post calls if you understand it so well but after that there was no reply from you on that.

 

So what is the end result - Doctor will not post it , you will say that it works and you will not post it . I appreciate that it is your time and money and you have a choice not to spend to post it here but than this whole defence sounds very empty that this rule works  with two biggest proponents of this strategy not willing to make postings based on that strategy and using forecast and than telling us it can go wrong.

 

My apologies if any body has felt bad from my posting but what I have written looked bleeding obvious to me ....

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