GBP/USD Pair @ 07.15 am (Malaysia)

Salam and Hi.....

Trading Range is between 1.4960 to 1.5372.

SELL Area - 1.5171 (First Target : 1.5071 Next : 1.5042 Next : 1.4960) Fail to break 1.4960 candle may rebound back to 1.5100 area.

BUY Area - 1.5211 (First Target : 1.5296 Next : 1.5347 Next : 1.5372) May test 1.5400 to 1.5500 area within few days.

Allah Hu.

GBP/USD Pair @ 08.45 am (Malaysia)

Salam and Hi....

Trading Range is between 1.5069 to 1.5372.


BUY Area - 1.5255 ( First Target : 1.5347 Next : 1.5372 )

If break candle may test 1.5450 area. But if fail candle may drop back at 1.5200 area.


SELL Area - 1.5215 ( First Target : 1.5125 Next : 1.5071). As long as 1.5069 hold, candle may test 1.5300 to 1.5500 within few days.

Allah Hu

GBP/USD @ 10.30 am (Malaysia)

Salam and Hi,,,,,,,,,,, Trading Range is between 1.4943 to 1.5372.


SELL Area - 1.5125 (First Target : 1.5043 Next : 1.4943). If fail to break 1.4943,candle may find back 1.5100 area.

BUY Area - 1.5165 (First Target : 1.5245 Next : 1.5372). As long as 1.4943 hold candle may test 1.5372 area. If fail candle my drop back to 1.5100 area.

Allah Hu

GBP/USD @ 08.15 am (Malaysia)

BUY Area - 1.5165 ( First Target : 1.5233 Next : 1.5372 If fail to reach the target candle may drop back to 1.5100 area).

SELL Area - 1.5125 ( First Target : 1.5050 Next : 1.4966)

Salam and Hi,

Trading Range is between 1.5066 to 1.5372.

Allah Hu.

GBP/USD @ 07.30 am (Malaysia)

BISSMILLAH HIRR RAHMAN NIRR RAHIM

SELL Area - 1.5035 (My Target : 1.4940 Next : 1.4865 Next: 1.4785). If Fail candle may rebound back to 1.5055 area.

BUY Area - 1.5075 (My Target : 1.5195 Next : 1.5256 Next :1.5309). Possibility to test 1.5372 or candle will drop to 1.5000 area.

Salam dan Hi.....

Trading Range is between 1.4900 to 1.5372.

Allah Hu.

ps. Dijemput semua kawan-kawan saya ke majlis kenduri kesyukuran saya pada malam ini (Jumaat) jam 08.30 malam. TQ

GBP/USD @ 07.10 am (Malaysia)

BUY Area - 1.5105 ( My Target : 1.5193 Next : 1.5251 Fail to go further candle may drop deeper at 1.5050 area)

SELL Area - 1.5065 ( My Target : 1.5034 Next : 1.4991)

Salam and Hi........

Trading Range is between 1.4850 to 1.5372.

Allah Hu.

ps. Dijemput semua ex student saya ke Kenduri Doa selamat saya pada hari Jumaat 08 Mei 2009 jam 08.30 malam. TQ

GBP/USD @ 10.15 am (Malaysia)

SELL Area - 1.5041 (First Target : 1.4967 Next : 1.4924 Next : 1.4829 if fail will find back 1.5064 area)

BUY Area - 1.5085 (First Target : 1.5161 Next : 1.5245 Next : 1.5329)

Salam and Hi.........

Trading Range is between 1.4700 to 1.5372.

Congratulations who got the Buy area yesterday.

Allah Hu.

GBP/USD @ 11.30 am (Malaysia)

Salam and hi.........

SELL Area - 1.4797 (First Target : 1.4700 Second : 1.4688 Third 1.4630)

BUY Area - 1.4837 (First Target : 1.4932 Second : 1.5022 )

Trading range is between 1.4600 to 1.5022.

Allah Hu.

GBP/USD @ 11.50 am (Malaysia)

BUY Area - 1.4757 - (First Target : 1.4852 Next : 1.4918 Next : 1.5022)

SELL Area - 1.4717 - (First Target : 1.4685 Next : 1.4630 Next 1.4550)

Salam and Hi ... Trading Range is between 1.4600 to 1.5066.

Allah Hu.

GBP @ 7.20 am (Malaysia)

BUY Area - 1.4653 (My Target : 1.4750. Next : 1.4850 Next : 1.4932)

SELL Area - 1.4613 (My Target : 1.4500. Next : 1.4440)

Salam and Hi.... Trading Range today is 1.4328 - 1.4950.

Yesterday my Buy Area met and also met the target and reached at 1.4740. Congratulations who took the opportunity and gain more 180 pips.

At this moment ( at 07.30 am Malaysia clock), candle is on consolidations move from yesterday bullish movement. I have to sleep now and will update any report asap after friday prayer. Until then good luck to you my frens.

Allah Hu.

ps - terpaksa guna chart Alpari untuk predictions awal pagi ini. Harap maklum kerana chart IBFX belum update lagi.

GBP/USD @ 08.15 am (Malaysia)

GBP/USD - BUY Area:: 1.4637 (My Target : 1.4750 Next : 1.4845)

SELL Area: 1.4595 (My Target : 1.4571 Next : 1.4526 Next : 1.4477)

Salam and Hi.......... Trading Range is between 1.4450 to 1.4800.

Yesterday as aspected my sell and buy area met and buy area met my second target at 1.4680 and stop at 1.4706.

Now CS is in Consolidations mood from yesterday movement and looks like It may test 100% level of Fibonacci.

Please reffer to H4 chart and i've see a Bullish Continuitions Pattern will be. Anyway new CS on H4 open below middle band of BB but CS open above 61.8% on Fibo and is trying to penetrate it.

Looks like the bullish mood is still here at this moment. Also seen already got big flag at H1, maybe there will be a long spike any time from now. Let see what will happen today and please be more discipline and please set your target.

until then happy trading and salam.

Allah Hu.

ps... nah ambil predictions ini. ini bukan tiru mana-mana yea. Saya buat sendiri. Betul ke tak sila reffer indicator berkaitan. Sedekah kat anak yatim sikit duit tu kalau untung hari ini.

Allah Hu.

From Vahid - Weboma

So what should you do?

1. Start learning first and complete your knowledge. Learn everything that you should know about the trends, patterns, support, resistance, candle sticks, reversal and continuation signals and … . There are a lot of websites that have these information for free. You have to spend at least three months to learn all these things.

2. Decide that if you want to be a swing trader or an intraday trader. As a beginner you should choose one of them because you have to be focused on one thing first.

3. Choose a system (strategy). Your system should be as simple as possible. Complicated systems are not applicable. You can only lose with them. A System should be as easy as 1, 2, 3. Also choose a system that works according to technique and knowledge not according to superstitions. In an e-book I read about a strategy that says you should buy when you see the price has gone up for 80 pips before noon!!!

4. Start trading with the demo account using the system you have chosen. If you see that you don’t like your system or it is not good, change it. Find a better and simpler system. Get stuck to it and test it over and over and over. Spend several months to one year with the demo account. Do not be fooled by some of the forums members who say “I have started working on forex two months ago and now I make 100 pips everyday”. This is not true.

5. Forget that the account you are working with it is a demo account. Consider it as a real account. When you see you are losing, think that it is your REAL money that is burning. And when you see that you are making profit think that it is going to your real bank account. Keep in your mind that if you rush and trade emotionally you lose your money. This will help you to experience your fear and greed before trading with the real account. If you experience them, you will learn to control them. Don’t let them show themselves right when you start trading with your real money.

6. Then start working with a real account BUT trade with a very very small amount of money. I don’t care if you have a $500k account or a $100 account. Start trading with the minimum amount that you can place an order. Keep on working with this amount of money for a few weeks. If you saw that you are trading exactly like when you have been trading with the demo account, increase the amount of the money gradually. Do not play with a huge amount of money after a few successful trades.

7. Don’t give up! Don’t get disappointed when you lose. Everybody loses at the beginning. Even the best traders lose in some of their trades. Learn from your mistakes. Keep in your mind that losing is part of the game. We do not practice to learn not to lose. We practice to learn how to lose small amounts and win big amounts. Your stop loss will be triggered in some cases. This is natural. It should not prevent you from entering to another trade.

If you work in the way I explained above, you will become a professional trader in about one year without losing your money and without having to reload your account.

Happy trading

Vahid

GBP/USD @ 09.45 am (Malaysia)

BUY Area - 1.4911 (My target is 1.4957. Next 1.5050)

SELL Area - 1.4871 (My target is 1.4800. Next 1.4778)

Salam and hi..........

Trading Range is between 1.4600 to 1.5000.

Allah Hu.

GBP/USD @ 08.05 am (Malaysia)

BUY Area : 1.4775 (First target : 1.4870 Next : 1.4952)

SELL Area : 1.4755 (First target : 1.4650)

Salam and Hi..........

Trading Range is between 1.4600 to 1.4945.

If break Resistance at 1.4957, candle may test 1.5100 area. If fail candle may drop back to 1.4775 area. Let see this happen.



Allah Hu.

GBP/USD @ 10.45 am (Malaysia)

BUY Area - 1.4667 (My target: 1.4700 Next : 1.4778)

SELL Area - 1.4625 (My target : 1.4584 Next : 1.4500)

Salam and Hi...

Trading range is between 1.4584 to 1.4778.

At this moment the market is still on consolidations mood from 1.4957 drop. Initial resistance is at 1.4778 and as long as this price holds candle may drop deeper at 1.4400 area. The market is still slow because of the Bank Holiday.

Allah Hu.

GBP/USD @ 09.45 am (Malaysia)

SELL Area - 1.4643 ( My Target : 1.4584 Next : 1.4550)

BUY Area - 1.4685 ( My Target : 1.4705 Next : 1.4744 Next : 1.4778)

Salam and Hi....

Today is a Bank Holiday in most country in Europe. That mean no so much trading activity today. So better sit down and study back what you have learn from me before. Anyway trading range today is between 1.4580 to 1.4957 and maybe monday morning more activity will happen. If the initial resistance hold at 1.4778 candle possibility may drop to 1.4290 area Next Week. Until then Good Luck.

Allah Hu.

From Market oracle.. please read !!!

The USD held gains today as risk-aversion in equities prompted dollar-buying pushing the majors into key S/R at the start of the day. Although the Greenback is higher across the board today volumes were lighter and traders noted quality buying of the majors into the lows. Confirmed sovereign and semi-official names were seen buying EURO and GBP on the dips holding those pairs off their early New York lows.

GBP low prints at 1.4580 was not challenged in New York today and the rate lifted to a two-pip high at 1.4780 before settling back to the 1.4720 area; traders note stops in-range above the 1.4720 area seen as daily resistance and with the rate holding gains from the start of New York traders are expecting further gains overnight despite weakness in equities seen to start the week.

Across the board the USD rally today has failed to extend gains suggesting that despite risk-aversion trade today this firmness is likely a corrective rally rather than the start of a move higher. Although many traders remain bullish USD for the near-term the rallies seem to lack conviction; further strength is likely to be offered and aggressive traders need to see this rally as a selling opportunity. Look for the USD to remain two-way overnight with any strength to be on light volume and holding under resistance. With a light economic calendar ahead the action should be technical for the most part.

GBP/USD Daily

Resistance 3: 1.5040/50, Resistance 2: 1.5000, Resistance 1: 1.4950

Latest New York: 1.4736, Support 1: 1.4650, Support 2: 1.4580, Support 3: 1.4550

Comments

Rate falls through stops layered under the 1.4650 area for lows on support at 1.4580; pullback being bought by large names traders say. Aggressive traders can look to re-set longs on the dip; stops above the market from late shorts around 1.4720 area cleared today. Traders note support is likely firm at the 1.4450 area as expected. Close over 1.4900 argues for further gains but tech resistance is firm ahead of 1.5000. Overhead target of the 1.5000 area likely to trade but expect pressure. Traders feel the 23-year lows will likely remain secure. The shorts may have lost control of the market above the 1.4440 area now and if that is the case a test of the 1.5000 area is almost a done-deal. Traders report stops in-range adding for two-way action.

Data due Wednesday: All times EASTERN (-5 GMT)

5:30am GBP BRC Shop Price Index y/y

Ambilah Batang I Kita Ambil Bukit Aje !!!

Listen, can you hear it?

Yes, it is the sound of printing presses going 24/7 around the world.

Can there be any doubt where we are heading with all of these ‘dollars' being printed?

Inflation or hyperinflation is within sight but it will probably take a few more years to get there.

And then what? You better ‘hope' you are correctly positioned to benefit from this investment scenario. There are several ways this may play out, but we believe it will ultimately be a game with the global currencies in a race for the bottom.

Two currencies which are surely destined to rise in value in the coming years in this environment (at least relative to other currencies) are the Canadian Dollar and the Australian Dollar, both currencies of countries with substantial natural resources.

Seems like only yesterday when the Canadian dollar was below 65 then went parabolic to 110 in May 2008 and now looks to have found a bottom in the 77 – 78 range and is current around 80. A quick look at the performance of the Australian dollar shows a high in July 2008, hitting a low of around 60 and currently looking short term overbought at the 72 level.

In the case of Canadian junior mining shares owned by U.S. investors this means that due to currency pricing alone you have lost about 30% in the value of your investments from the currency peak in May 2008. And you thought you were not playing the currency markets? Guess again.

There is a positive spin to this story because we believe both the Canadian dollar and Australian dollar will be big performers in the coming months and years due to the strong resource base of each of these countries.

Not only with investors recoup the loss in current draw downs in their investment portfolios but they will recoup their investments faster as the natural resource sector/commodity sector catches fire again and the Canadian and Australian dollars rise strongly.

Particularly for U.S. investors, we suggest a substantial position in gold/silver bullion, selected junior mining shares and perhaps, long-term warrants on some of your favorite mining companies to weather this financial storm and benefit there from.

For those readers interested in learning more about warrants we encourage you to visit our website .

Dudley Pierce Baker
Guadalajara/Ajijic, México
Email: info@preciousmetalswarrants.com
Website: PreciousMetalsWarrants

GBP/USD Pair @ 11.30 am (Malaysia)

SELL Area - 1.4675 ( Target 1 : 1.4580 Traget 2 : 1.4501)


BUY Area - 1.4717 ( Target 1 : 1.4812 Target 2 : 1.4891)


Salam and Hi.....Trading range is between 1.4100 to 1.4957.

Allah Hu.

GBP/USD Pair @ 7.30 am (Malaysia)

SELL Area - 1.4771 (First Target : 1.4622 Next : 1.4550)

BUY Area - 1.4799 (First Target : 1.4912)

Allah Hu.