Salam ... Kawan Kita dari kulim Kemalangan !!!!

Salam... kawan kita Hisham dari Kulim Kemalangan.... lihatlah teruknya kereta beliau... Namun Allah masih sayangkan dia... beliau selamat dan tidak sikit pun tercedera.... walau pun keretanya remuk (Total Lost) Allah Hu.

GBP/USD Pair @ 06.00 am (Malaysia)

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

Trading Range is between 1.6700 to 1.7000


1. SELL Area : 1.6831


T1 : 1.6750


T2 : 1.6650

If fail CS may rebound to test 1.6800 area again.


2. BUY Area : 1.6871


T1 : 1.6953


T2 : 1.7030


Allah Hu

GBP/USD Pair @ 06.00 am (Malaysia)

Salam and Hi.....

Trading Range is between 1.6700 to 1.7150


1. BUY Area : 1.6998


T1 : 1.7050


T2 : 1.7150 - If fail to test 1.7100 area CS may drop back to 1.6900 area.




2. SELL Area : 1.6953


T1 : 1.6899


T2 : 1.6835


T3 : 1.6750


Allah Hu.

GBP/USD Pair @ 06.15 am (Malaysia)

Salam ....

Trading Range is between 1.6800 to 1.7150


1. SELL Area : 1.6921


T1 : 1.6888


T2 : 1.6850


T3 : 1.6800


2. BUY Area : 1.6961


T1 : 1.7002


T2 : 1.7055


T3 : 1.7150


Allah Hu.

GBP/USD Pair @ 06.30 am (Malaysia)

Salam....

Trading Range is between 1.6600 to 1.7050.


1. BUY Area : 1.6885


T1 : 1.6986


T2 : 1.7047

If fail CS may drop back at 1.6800 area


2. SELL Area : 1.6845


T1 : 1.6800


T2 : 1.6750


T3 : 1.6650

Congratulations who got the buy area yesterday and got the target at 1.6850. For today you must be more alert on all reverse signal. Everything is OB and CS should do some corections today. Please set your target and stop trade if you already achive it asap.

Until then let see what will happen today.

Allah Hu.

GBP/USD Pair @ 11.30 am (Malaysia)

Salam ......

Trading Range is between 1.6300 to 1.6850


1. BUY Area : 1.6655


T1 : 1.6734

T2 : 1.6775

Possibility to test 1.6850 or CS may drop back to 1.6600 area.


2. SELL Area : 1.6615


T1 : 1.6539

T2 : 1.6471

If fail to drop deeper CS may rebound to BUY Area.

At this moment CS is in consolidations mode because everything is OB and might find support at 1.6600 area. If success CS may drop deeper to 1.6400 area. If not CS may test 1.6800 area within few days.

This morning CS already performed 2009 high at 1.6776 but fail to go up further. Please be alert on all reverse signal and please set your target.

Support is at 1.6610 and as long this price hold CS may test 1.6775 again.

Let see what will happen today and please confirm the signal before OP.



Allah Hu.

Bagaimana Forex Bermula !!!

In 1967, a Chicago bank refused a college professor by the name of Milton Friedman a loan in pound sterling because he had intended to use the funds to short the British currency. Friedman, ho had perceived sterling to be priced too high against the dollar, wanted to sell the currency, then later buy it back to repay the bank after the currency declined, thus pocketing a quick profit. The bank's refusal to grant the loan was due to the Bretton Woods Agreement, established twenty years earlier, which fixed national currencies against the dollar, and set the dollar at a rate of per ounce of gold.

The Bretton Woods Agreement, set up in 1944, aimed at installing international monetary stability by preventing money from fleeing across nations, and restricting speculation in the world currencies Prior to the Agreement, the gold exchange standard--prevailing between 1876 and World War I--dominated the international economic system. Under the gold. exchange, currencies gained a new phase of stability as they were backed by the price of gold. It abolished the age-old practice used by kings and rulers of arbitrarily debasing money and triggering inflation. But the gold exchange standard didn't lack faults. As an economy strengthened, it would import heavily from abroad until it ran down its gold reserves required to back its money. As a result, money supply would shrink, interest rates rose and economic activity slowed to the extent of recession. Ultimately, prices of goods had hit bottom, appearing attractive to other nations, which would rush into buying sprees that injected the economy with gold until it increased its money supply, and drive down interest rates and recreate wealth into the economy. Such boom-bust patterns prevailed throughout the gold standard until the outbreak of World War I interrupted trade flows and the free movement of gold.

After the Wars, the Bretton Woods Agreement was founded, where participating countries agreed to try and maintain the value of their currency with a narrow margin against the dollar and a corresponding rate of gold as needed. Countries were prohibited from devaluing their currencies to their trade advantage and were only allowed to do so for devaluations of less than 10%. Into the 1950s, the ever-expanding volume of international trade led to massive movements of capital generated by post-war construction. That destabilized foreign exchange rates as set up in Bretton Woods.

The Agreement was finally abandoned in 1971, and the US dollar would no longer be convertible into gold. By 1973, currencies of major industrialized nations became more freely floating, controlled mainly by the forces of supply and demand which acted in the foreign exchange market. Prices were floated daily, with volumes, speed and price volatility all increasing throughout the 1970s, giving rise to new financial instruments, market deregulation and trade liberalization.

In the 1980s, cross-border capital movements accelerated with the advent of computers and technology, extending market continuum through Asian, European and American time zones. Transactions in foreign exchange rocketed from about billion a day in the 1980s, to more than .5 trillion a day two decades later.