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Typical mid session drop in GBP/YEN…..

09-05-2008 - S. Sivaraman  |   General Overview
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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
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