EURO and GBP made the drop before NFP and they rised quickly for less than expected payroll.But further rise they are not making even though the data is viewed as negative to USD.it appears the players may play the card of 'risk aversion ' and slide .AUD is not rising after announcement and USD/CAD is not dropping.majors show USD weakening move and commodity pairs showing USd gaining move - a contrarian move to handle the crosses.Holding high during gap time indicates there may be swing and slide during the session.
Regards
Dr.Sivaraman
Comment by SAR on July 8, 2011 at 2:24pm
Comment by sabbir on July 8, 2011 at 2:25pm
Comment by Gregor on July 8, 2011 at 3:10pm Dear dr.,
is this major drop in eur/chf a sign of a "interventional" pull back in the next weeks?
Many thanks and have a great week end,
G.
Comment by Dr. Sivaraman on July 8, 2011 at 3:14pm Dear gregor
EURO/CHF they made a drop of 200+ pips by dropping euro as well as USD/CHF- a contrarian move for week end- they may make the intervention story once all the longs are liqudated.
Regards
dr.Sivaraman
Comment by LuckyDice on July 8, 2011 at 3:41pm The Players really do try the patience of the most patent. Even when you know the Players are all about testing a Trader discipline. So far the euro Zig Zag must off burnt some of the best, as for the not so good, they may have blown out accounts or the very least some Trader remorse abound. Confusion Epic today. Its been a long time we seen such old time Price action that I remember from way back.
I can say it is, absolutely remarkable. The Players dropped before hand as if they knew the Trader expectation would be very long Euro after NFP and gave it to them up to a point, then reversed back to the Month agenda of Dollar strength. GBP was let to Rise and Rise and expect that will fall later on. (I just shorted and collected 50 pips)
I have spent lots of time and effort seeing things as the Dr does. It is very unconventional. I have interpreted it in my own way and developed my own systems and methods around it. It really is so hard believing at times, but I see it with my own eyes. Today is an extreme example.
A story of no matter how bad the NFP is, The Players Agenda will always win out. If they want USD strength, They will get it as they only allow us to participate on their invitation. There invitations agenda is hostile so go with the trend when the Players give it out.
The question on my mind is. Some times the Players go for a Stop hunt, at other times it seems they don’t bother even though its not that far away. Why is that I wonder? For instance today the Holding high on Eruo was around 1.4360 Before the drop to 1.4250, then back up to 1.4340. why not go back up to 1.4370 then drop again?
Thanks
Comment by sabbir on July 9, 2011 at 7:29am
Comment by SAR on July 10, 2011 at 9:20am On the Eve of Long holidays
Taking a short position around 1.4450
with a target to square off around 1.
4350 was a good idea with a high hope for 1.4250 area. Wondering at what point
the market makers would go for LONG for a some quick pips!
@Sabbir- Good Job done ! Swings R great.
Comment by dev on July 10, 2011 at 11:42am Comment
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