Part of volatile move
it is last week of the month.to earn maximum volatile moves are done by the players.eitherway quick moves are expected during this time.trade with hedging or stop.aim for swing trade profits.This week may not be suitable for position trade.
Euro gained levels and made the dip.USD/CHF made stop hunt below 0.83 area as part of lower level consolidation with frequent downward stop hunt moves.Tomorrow more downward moves may be seen.
Regards
Dr.Sivaraman
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Comment by maestro007 on June 28, 2011 at 3:20pm -
Dear Dr Sivaraman,
Thanks for your analysis. In regards to "Tomorrow more downward moves may be seen." Are you just referring to USD/CHF?
This week is perfect for volatile moves with the Greece situation.
Careful with your trades all.
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Comment by Dr. Sivaraman on June 28, 2011 at 3:23pm -
dear maestro
the slide is expected tomorrow in EURO and GBP.USD/CHF may rise.
Regards
Dr.sivaraman
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Comment by GeniusFX on June 28, 2011 at 5:31pm -
everyday a slide in the euro yippy!!! Just want to put your photo back on top lol ...
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Comment by BA on June 28, 2011 at 6:53pm -
So what is a good example of a hedge Dr.?
Sell EURUSD at 1.4263 and buy same amount of GBPUSD at this level?
At what point do you suggest to cover?
Thanks in advance-
BA
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Comment by BA on June 28, 2011 at 6:54pm
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P.S.- I have noticed when the rise has happened that they tend to hold it for periods of 8 16 or 24 hours before a significant move....
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