SELL Area - 1.4587 ( My target : 1.4514 Next : 1.4478 Next : 1.4431 May drop deeper at 1.4397 if possible today)
BUY Area - 1.4627 (My target : 1.4692 Next : 1.4750)
Salam and Hi... Trading Range is between 1.4300 to 1.4800 area.
Yesterday my sell area at 1.4647 met and met my second target at 1.4517 and stop at 1.4514. From here the candle rebound and stop at 1.4692. From here CS drop back and enter again my SELL area.
Congratulations who got it but my advice please set your target not my target area, because it is only my predictions. Not to focus on it but if your target is 30 to 60 pips a day, you will achive it asap. Then stop and just do others thing when you got it. I hope you not to greedy and please be more discipline and try to be more alert on all the pattern of the CS.
Let say your target is 60 pips a day and you trade only 10 days in a month, that mean your income is :
60 pips a day x 10 day x $10 = $6000.
It up to you man and the money is yours. You make your own decision for your own good. Dont forget to pray to Allah.
Allah Hu.
Tuesday, April 28, 2009
From Market Oracle... please read !!!
The Impact on Gold
While market attention has been riveted on the price of gold a more important feature of the gold market has caused gold to evolve as money, in increasingly difficult times. The concerns of the Chinese are the concerns of all investors particularly U.S. investors the main buyers of gold shares in the gold Exchange Traded Funds. Consequently, this has broadened the base and improved the quality of gold investors worldwide. While the jewelry trade has retreated from gold and scrap sales have supported the supply of gold, the time is coming when supplies will just not be enough to satisfy investors and scrap sales peter out. The only way such investors will be deterred from buying then is a gold price rising out of their buying zones. This will certainly mean an over four-figure gold price.
The fears of investors are outside the gold market and concern exchange rates, massive tsunamis of dollars and other currencies being printed to shore up the present system in the grips of a credit crunch. Many investors are certain inflation is roaring towards us, to spring up, as deflation is overcome. The future of the monetary system is bleak and extreme.
Locally, gold is priced in home currencies and serves as a hedge against the dramatic moves of those currencies. Rapidly, investors are seeing that their price of gold doesn't reflect only the value of gold, but the value of their local currencies as well. Awareness of gold as a protection against weakening currencies is growing rapidly. This awareness is growing in central banks, sovereign wealth funds, institutions, amongst wealthy individuals and is now spreading to the man in the street. Once sound money backed by assets was forsaken in favor of man managed and created money, the disintegration of the banking system, the credit system and confidence in currencies and economies was inevitable. Only the credibility of and confidence in paper money made it work anyway. That now stands badly mauled with potentially worse to come. But most observers are not buying gold yet! Once they do, sit back and wonder!
As Greenspan wrote decades ago, "Without a gold standard in place, there is little to prevent governments indulging in wild credit creation. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process." We do not believe there will be a Gold Standard because it is anathema to all bankers, central bankers included. What is likely to happen is that a formula will be worked out where gold can be used to increase the credibility of and confidence in paper money again. Before that discussion comes to reality, individuals and institutions are and will turn to gold. When governments contemplate gold's use in money again, you can be sure they will want the metal to themselves and exclude Joe public!
Allah Hu.
While market attention has been riveted on the price of gold a more important feature of the gold market has caused gold to evolve as money, in increasingly difficult times. The concerns of the Chinese are the concerns of all investors particularly U.S. investors the main buyers of gold shares in the gold Exchange Traded Funds. Consequently, this has broadened the base and improved the quality of gold investors worldwide. While the jewelry trade has retreated from gold and scrap sales have supported the supply of gold, the time is coming when supplies will just not be enough to satisfy investors and scrap sales peter out. The only way such investors will be deterred from buying then is a gold price rising out of their buying zones. This will certainly mean an over four-figure gold price.
The fears of investors are outside the gold market and concern exchange rates, massive tsunamis of dollars and other currencies being printed to shore up the present system in the grips of a credit crunch. Many investors are certain inflation is roaring towards us, to spring up, as deflation is overcome. The future of the monetary system is bleak and extreme.
Locally, gold is priced in home currencies and serves as a hedge against the dramatic moves of those currencies. Rapidly, investors are seeing that their price of gold doesn't reflect only the value of gold, but the value of their local currencies as well. Awareness of gold as a protection against weakening currencies is growing rapidly. This awareness is growing in central banks, sovereign wealth funds, institutions, amongst wealthy individuals and is now spreading to the man in the street. Once sound money backed by assets was forsaken in favor of man managed and created money, the disintegration of the banking system, the credit system and confidence in currencies and economies was inevitable. Only the credibility of and confidence in paper money made it work anyway. That now stands badly mauled with potentially worse to come. But most observers are not buying gold yet! Once they do, sit back and wonder!
As Greenspan wrote decades ago, "Without a gold standard in place, there is little to prevent governments indulging in wild credit creation. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process." We do not believe there will be a Gold Standard because it is anathema to all bankers, central bankers included. What is likely to happen is that a formula will be worked out where gold can be used to increase the credibility of and confidence in paper money again. Before that discussion comes to reality, individuals and institutions are and will turn to gold. When governments contemplate gold's use in money again, you can be sure they will want the metal to themselves and exclude Joe public!
Allah Hu.
Subscribe to:
Posts (Atom)
-
Salam and hi fxworld, Trading Range is between 1.6187 to 1.6750 1. BUY Area : 1.6541 a. T1: 1.6600 b. T2: 1.6661 c. T3: 1.6750 ...
-
Bryan Rich writes: The biggest victim of the global housing and credit bubble may be the euro — the single currency of 16 European nations. ... -
Salam and hi.... Trading Range is between 1.6100 to 1.6662 1. BUY Area : 1.6349 (TP1: 1.6479 TP2: 1.6515 TP3: 1.6629) If fail CS may d...