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

EURO and GBP appear weak to induce traders to short sell before the quick rise they intend to do during gap time before start of US session (13:00-13:30 GMT) .Dips are buy opportunities in EURO and GBP.Dipping USD/YEN along with EURO and GBP is a contrarian move to handle the crosses.

Regards

Dr.Sivaraman

Operators made the upward stop hunt for week beginning in EURO and GBP.They are now making downward slide and expected to make quick slide and reverse again as month end move.So volatile moves are expected during this week in EURO and GBP.USD/CHF and USD/YEN are expected to swing and rise slowly in this process.Watch and understand how the forecast given helps you to do fearless trades.

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

              Tracking the forex market together - part I & part II  in www.fxstreet.com

Live webinar sessions by DR.S.Sivaraman  on 21 May 2008 - part I by 10:00 -10:45 GMT and part II by 14:00-14:45 GMT

You can download the hotcomm software free from fxstreet.com web site and register for the free viewing and listening of the webinar while Dr.Sivaraman explains how to track the forex market and do  basic trading strategy.

You will be explained on what basis the entry and exits are decided in all the four majors and two commodity pairs.Besides the technique to use hedging order (entry stop) is also explained to limit the risk and maximize the reward.Then you will understand the importance of using hedging order or entry stop instead of stop to earn from any market conditions.

It is an opportunitiy to understand how the forex market is operated and traders are being trapped frequently.

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