Forex Market Readings and Forecast

EURO and GBP firmed up as we have expected for NFP data time.The operators will swing near the high and make higher level consolidation with upward stop hunt moves and then slide for week end.

Regards

Dr.Sivaraman

I am happy to inform that I am now posting Fx market readings and forecast blog in www.fxstreet.com.Besides reading the present blogs you can also click the link provided head the head  Forex  the link  Dr.Sivaraman blog in fxstreet.com  to read the other blogs also.

More of operators’ intentions will be posted frequently in these 2 blogs and you can read and understand the market moves and find it easy to track market and trade decisively.

Regards

Dr.Sivaraman

Operators made the higher level consolidations for a day inducing upward short covering for the traders.They intend to slide and drop EURO and GBP for the week end and more drop next week.

Traders with bullish feel may buy near the estimated supports and see that they are trapped by the operators.So operators alternatively trap the lower level short sellers and higher level buyers alternatively.

Watch and trade

Regards

Dr.Sivaraman

As we read the intentions of the operators we have witnessed the quick rise in EURO and GBP.Now the operators are holding high and inducing traders to do the short covering and turning long in other majors before the drop they intend to make from tomorrow European session onwards.They made the downward stop hunt on Monday and now upward stop hunt on Tuesday.Then wednesday they intend to slide and make their intentional move -i.e. they wanted to take sell positions and higher levels now and then slide for the technical traders to find the pivot points and supports and take long positions in EURO and GBP and then they will slide more and more to induce the long holders to sell in distress at lower levels.

Watch and understand their act and how they effectively use media and free forecast analysis to misquide the traders and try to find the true picture of the market to make sensible trades and earn.

Regards

Dr.Sivaraman

As given by the forecast operators are now making quickly upward stop hunts in EURO and GBP for the early US session.They intend to induce the short covering from the short sellers before the week end slide.They held the market range bound to induce the short sellers to sell near the high as if there is no strength in other majors to move upward.The operators know well towards close of the week the traders will lose patience and square up their positions as the traders are afraid to hold the positions over week end.Also the platforms charge the over night interest for the traders besides their loss.This way the traders are squeezed to lose money by week end.But the traders emotionally try to do breakout trade of buy and sell in EURO and GBP after the rise and later see that they don’t rise more and slide.Then they cut their long positions also in loss.This way the emotional traders lose while going short and also going long in other majors.But they fail to understand that they are going short during drop and going long during rise.

So traders need to understand how to spread and diversify the risk rather than making deeper studies of the technical charts and fundamental analysis.Because when all the herd traders follow them and commit in the market,operators show the other way move and trap the traders and earn their money easily from them.

So bullishness or bearishness don’t help traders,as the big players continue to change the market sentiments and create surprise to the traders.So if the trader needs to sustain in the market then he has to understand how to read the operators’ intentions from time to time and trade along with them and not along with the herd of traders.

Regards

Dr.Sivaraman

Operators slowly rised GBP and then EURO and also USD/YEN.This way they gained the levels in all the 3 pairs.Then they intend to induce the traders to short first when they hold near high for the day.Then they quickly rise and induce the short sellers to cover their shorts and turn long.Once the traders turn long expecting further higher levels based on the technical studies,they reverse and induce the traders to liquidate their long positions in distress.Operators move the market in such a way to induce the traders to buy during rise and sell during drop with uncertanities.But they wisely drop the markets and buy and then rise the market to sell when traders turn bullish.

Try to read the operators’ intentions and trade along with them,it may appear you are trading against the market - but actually you enter in the market in a hurry and then become a victim.Learn how to read the operators’ intentions from their market moves to trade at ease along with them,the only way to earn consistently from the market.Technicals and fundamentals donot indicate trend reversals and timings of the market -the most needed aspect for trading.

we will see the quick reversal moves soon in other majors.

Regards

Dr.Sivaraman

Other majors are expected to make sharp rise during this US session after the sluggish slide towards the close of European session.Watch and understand how the big players do either way stop hunts for week end.

Regards

Dr.Sivaraman

Operators handle the majors and crosses alternatively.During session start and end they handle the majors -i.e.they make quick rise or drop and during mid sessions they handle the crosses.Now they are dipping USD/YEN and also GBP/USD as contrarian move and dropped GBP/YEN to hit the stops of the higher level buyers during drop and rise later from next week.

It is now a good opportunity to buy along with the big players GBP/USD,USD/YEN and also GBP/YEN.But those taken already buy positions during rise will only try to hold the unfavorable positions with loss and trying to exit if more dip happens.

Operators know well how to induce traders at higher levels and then induce them to cut the positions in distress at lower levels.So if a trader wait for such good drop and buy then he will not become victim to such operators intentions.So try to do sensible trade of sell during quick rise and buy during quick drop.

Regards

Dr.Sivaraman

During early April 2008 Gold rallied to $1033 and all traders thought that Gold may not be available any more and bought heavily during the first drop to $950 and averaged during next drop to $900 and now find it is available plenty around $850.This is how operators create the market sentiments and act against the traders.

The rise takes longer time but the drop happens in a shorter duration.The  slow firming up is to make the traders  to feel that is the high and  can short, later they rise quickly for them to do short covering and traders change their mind set to earn back the lost money by taking buy position during slide to sell by next rise.But the operators purposely don’t rise and drop more for the traders to lose again.

Traders need to understand that operators create market sentiments using various media and channels and once the traders change the mind set and get convinced that all the market rise/fall because of weak US economic conditions,surprise to see the reverse in all markets and get trapped.

Day in and day out the operators continue to do the same and traders also follow their attributes and become victim every time.

As long as the herd mentality and market fear are there with the traders due to over trading, operators continue to trap them and earn their profits easily every time.

Regards

Dr.Sivaraman

USD/YEN made the new low of 96 area on 09 April 2008.Later in less than a month it has come to the level of 105.40.Trading USD/YEN is different from other pairs.Its moves are also used to move up and down yen crosses.So most of the time we will see one sided moves in it.How ever to make swings in yen crosses other majors like EURO and GBP will make up and down moves - wide range swings.If you understand the moves of USD/YEN then you can effortlessly trade yen crosses.

There is no bullish or bearish move in the market.They are the terms used by media just to create hype among traders and induce wrong tradings.

For the week beginning -05 May,both USD/YEN and Euro and GBP are expected to rise as a contrarian move and later reverse.

When the data is USD positive or negative,the operators only make moves depending upon the pending unfavorable  positions of the traders to earn their money.But it may appear that the market moves are related to fundamental and technicals alternatively.When the market will follow fundamental and when it will follow technicals is the main theme to be understood.

But market will move against the herd of emotional traders who buy during the rise and sell during the drop without understanding that they are buying at the highest level or selling at the lowest levels.As long as such herd of emotional traders prevail in the market to lose money consistently,operators will easily trap them from time to time telling some attributes and stories using media and other free websites.

Next big rise in USD/YEN to 107 area will set the quick trending moves in the market.

Regards

Dr.Sivaraman