EURO and GBP made the slide during Japanese session and early European session.They are likely to reach the net permisaable fall for the day so early.The  market appear to consolidate near low and gain the levels from mid US session.Week beginning false move appears to be on the downside- instead of slow swing and slide ,they have made the quick drop.That indicates the traders are holding long positions and players are trying to trap them first .

We may see the volatile moves during last week of this month.Aim to do eitherway swing trades.trade with using initial stop,then move stop to entry and use trailing stop to protect minimal profit.maximize the profit during quick spikes.

Regards

Dr.Sivaraman

Views: 62

Tags: EURO, GBP

Comment by Vinay Nilakhe on May 23, 2011 at 8:26am

Hello Doc,

I believe in one of the webinars you told that net permissible change in EURO is 150 pips. Now it is down 160. Did I miss something here? Also is EURO expected to touch 1.41 today?

Regards,

Vinay

Comment by MarlonF on May 23, 2011 at 8:32am

Dear Dr,

Do you think that this weekend also euro/usd could rise above 1.43?

Comment by Gregor on May 23, 2011 at 8:37am

Dear dr.,

in sideway market do you think trading EUR/JPY cross can be quite profitable - buy it now and exit after spike up?

Many thanks,

G.

 

Comment by scooty on May 23, 2011 at 9:16am

Dr whats today eur/jpy position downward stop hunt or down move

 

Comment by ceasar on May 23, 2011 at 11:55am
Dr. Do you see AUD breaking support of 10500 today and how high do you see GOLD going in the current scenario ?
Comment by SAAJITH GANGA on May 23, 2011 at 12:19pm
Sir, Do you have any updates for USA session?
Comment by ramesh prabhu on May 23, 2011 at 12:51pm
today they made a extended move in down wards ...... and also a quick move .... so shall we expect a rebound in us session?
Comment by Dr. Sivaraman on May 23, 2011 at 3:38pm

Dear  Vinay

some time they breach the daily limit but they may hold it with in weekly limit.Similarly they may breach the weekly limit rarely and try to hold within monthly limit.For want of liquidity they make such moves at times.

Regards

Dr.Sivaraman

Comment by Dr. Sivaraman on May 23, 2011 at 3:39pm

Dear Gregor

When they make contrarian move on the downside buy and when they make contrarian move on the upside exit in yen crosses.

Regards

dr.Sivaraman

Comment by Dr. Sivaraman on May 23, 2011 at 3:41pm

Dear scooty

yes downward stop hunt to rise later in EURO/YEN

Regards

Dr.Sivaraman

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