wide range moves

EURO and GBP are making wide range moves - down and up and then down moves to hit the stops and to build higher level sell positions by the players.

EURO and GBP are expected to swing and then slide suddenly during this session and continue the drop during monday as week beginning false move and also on Tuesday as month end move.

Regards

Dr.Sivaraman

Tags: EURO, GBP

4 members like this

Comment by Dr. Sivaraman on May 29, 2011 at 12:00pm: Dear Recuva

I think you have spent your week end to make all your comments.I understand your amount of anger.

Please understand a forecast can go wrong and may be right for a few days.So the traders have to develop their own system which can work for them well.

There are various systems developed and used to understand the marketfrom time to time.Mine is one such system.I request you to read and understand all the systems available for you and develop your own system with the objective analysis of their merits and weknesses or limitations.Every trader is expected to learn and develop his or her system to get convinced and do decisive trading.

it is easy to critisize a system or a method but to develop a system more thinking is needed.

I request you to put your effort to develop a system and make use of the forex network blog to present your calls for the benefit of the traders who follow yours.

every month during trend reversal time some quick moves are bound to happen.hence i suggest small traders to keep away from the market during the trend reversal time.besides sudden moves are bound to happen as the players want to earn trapping eitherway the traders.So a forecast for every 10-15 min is needed during such time.i am working on such moves -

i also request you to give your ideas during such time how to read the market.

the very purpose of this blog is to receive contributions from every trader to present hir or her market understanding.

Looking forward to your objecitve and positive approach to every thing in life.

Regards

Dr.sivaraman

Comment by Recuva Ball on May 29, 2011 at 12:19pm: Dear Dr Sivaraman, I truly and deeply respecting Your efforts to provide some system in FX chaos. Only thing what make me piss on here, is when some folowers defend undefendible. System don't work, neewbees stay away from here..that is only thing what is immportant here. Not who like who, who win who lose etc..etc.. just 'SYSTEM DONT WORK! ".. Periodicaly good calls are just coincidence not result of system. I have no ambitious to develop my system and spread it to followers, becouse I trully belive that any system in FX market is just guessing with nothing real and checkable behind it.... I am type of trader who trade 2-3 times a month with large sum... with some day and weekly candle reading ..and that is all. Mentioned ambition is Yours and if that is so..You should not put any market reading at all if thay go wrong most of time. Couple a months ago I put my idea that eur/jpy will skyrocketing and it skyrocketing (weekly candle reading)..and that is all... Permanent missleading people with so caled system which produceing much more faluire than good call is not ok and we can argueing here from dusk till down but only FACT that stands after all is "system dont work" "system generate continiosly small losing..and rarely smal earnings"

Comment by Haitham653 on May 29, 2011 at 12:34pm: Advice for new traders:

Take Dr.Sivaramn's recommendations as an additional tool or guide to develop your trading style or system...

If you have a match , your system and his recommendations , get in the market , otherwise don't....then compare and analyze ...

by watching the market this way (your system + Dr.Sivaraman's recommendations) I guess if you are smart a little bit , you can come up with good strategy or at least know how the market works......

I believe that my words will be ridiculed by most of you..

Regards...

Comment by Arthur on May 29, 2011 at 1:36pm: I second Recuva, Santosh and Haitham653.

Comment by Dr. Sivaraman on May 29, 2011 at 3:05pm: Dear recuva ball and all reading and posting blogs in fxstreet.net

Thanks for your feed back that the system does not work and glad to know that you have your system and you make large sum trades following the candles.You may post your calls for those interested and I will also read it to improve my system.So that I can avoid permanent misleading..

I wish to learn your market analysis.I request you to post your calls under your blog and i wish to read and understand to fine tune my system.Once you give your calls before the market move and later review will get the strength for the analysis.I do that way and periodically fine tune my system as much as my knowledge can work and perfect the system.I do self criticisms to improve market perception.

Looking forward to your advise and calls.

Now fxstreet.net is a social network system.so any one can create their blog and test their system.it is a great opportunity to develop a collective system also and see how it works.Every one can develop their blog post and all will be displayed based on time of post and reflected in fxstreet.com home page also.it is a great opportunity for every one to contribute to perfect our market analysis.

From time to time I have been telling in the blog and in webinars that read all the blog posts,market comments given by various experts in fxstreet.com and in fxstreet.net.that will make to develop one's own system taking the best from every system,.

This will help the new traders to understand that risk limitation is a MUST during trading.

then we can also discuss about the methods which are useful during risk limitations.simply talking about the forecast alone may not work in changing market conditions.We should be prepared to accept the challanges the market put forth from time to time and develop appropriate solutions if we want to sustain in trading and earning.

Regards

Dr.Sivaraman