Covering forex 24 hours
Mid week expected market moves
Euro and GBP were expected to swing and slide during japanese session.
European session ( now) they are expected to firm up and drop from mid session.
US session they are expected to swing and slide for the day.
Pull backs we may sell and trail the stop in profit making positions during drop to maximize the swing trade profit.
Once Gold and silver swing and commence the slide and drop moves we may see more drop in EURO and GBP during the day.
Holding high the sell positions are build by the players to drop big in coming days to make profit in their trades.We may probably trade along with the players.
Regards
Dr.Sivaraman
-
Comment by MarlonF on July 20, 2011 at 8:17am -
can we expect more drops in silver/gold today?
-
Comment by Roshan Naidu on July 20, 2011 at 8:37am
-
Dear Doctor, when can we expect the big upward move in usdjpy ?
Do you expect more ddownward pressure before the rise ?
Thank you
-
Comment by Dr. Sivaraman on July 20, 2011 at 11:59am -
Dear marlon
Gold and sliver are making some drop now and more drop may be seen during US session.
Regards
Dr.Sivaraman
-
Comment by Dr. Sivaraman on July 20, 2011 at 12:00pm
-
Dear roshan
may be by next week for month end they may make some big moves in usd/yen.
Regards
dr.Sivaraman
-
Comment by MOBBY ODUS on July 20, 2011 at 12:28pm
-
Dear Doctor,please what is the next move for EUR/USD.
-
Comment by MarlonF on July 20, 2011 at 3:09pm
-
silver/ gold going up? is it a false move? or changing tend to bullish again?
-
Comment by Dr. Sivaraman on July 20, 2011 at 4:49pm
-
Dear Mobby
it appears the market is waiting for EU Economic summit.When volumes comes down the swings may also become subdued.
Tomorrow either way volatile moves are expected
Regards
dr.Sivaraman
-
Comment by Dr. Sivaraman on July 20, 2011 at 4:51pm
-
Dear Marlon
The pull back in Gold and silver are mainly due to traders sold after drop.then players buy all the sellings to complete the trades and then quickly rise and induce short covering before the next drop.We may see the slide again for week end.Holding high may be seen tomorrow.
Regards
Dr.Sivaraman
-
Comment by Amit Singh on July 20, 2011 at 7:23pm
-
Doc ,
"then players buy all the sellings to complete the trades and then quickly rise and induce short covering before the next drop."
The above statement can not be said with conformity as there is no way of knowing what traders and your so called players will do in the same way as you were not able to see that "traders sold after drop".
You are advising people about shortcomings of technical and fundamental analysis and telling them about your mode of analysis which is based in "guessing" what different types of traders will do based on market movements. Given the fact that you are explaining it after the event has happened , will you accept that it is no better than a lagging technical indicator ?
The only difference is technical indicator at least follows a mathematical principle where as your guesses are based on what has happened in the past. The fact remains that world at the moment is seeing events which are totally new to the world and can have unpredictable results having no relation to past movements.
Sorry to say this but it seems like you are emotionally attached to your mode of analysis and not willing to leave it till the time it pushes you in corner. Also given your comments on "players" , it appears as if personally in past you have lost a lot of money to these so called brokers and players and that bitterness keeps getting reflected emotionally in your webinars when you talk about them.
-
Comment by Amit Singh on July 20, 2011 at 9:05pm
-
"your limited knowledge" - Thanks for pointing it out by using your vast knowledge about me. I fully accept I have limited knowledge
"Dr never has told that he is not following any mathematical formulas" - Please go through all webinar recordings with special focus on any questions and doc's responses about technical and fundamental analysis .
"he will be knowing those formulas than you very well" - Again I appreciate your vast knowledge about me . Knowing a formula and using it are two different things. He was a professor for twenty years is clearly shown by his command of english and the way he writes his blogs and I use to think that english of people from south India is usually good.
"it is his birth right to create his own formula when he knows so much." - cant seems to remember when did I say , he cant create his formula.
nobody forced you to accept him - relax , I never did accept him. He opens up his formula in public blog which has a button of comments and I use my right to press that button and put my comments. Make this as a close blog or take it back to iknowindicies.com blog , you wont run a risk of anybpdy commenting anything negative , no matter what you write.
"respect at least his age" - you don't ask for respect , you earn it . just because of age , nobody gets respected .
I am not joining anybody but arrogance in this blog is evident from both sides and now india and indians are getting blamed because of .....
Daily Top Content
© 2012 Created by FXstreet.
You need to be a member of ForexStreet.net to add comments!
Join ForexStreet.net