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 Pair @ 12.30 pm Malaysia

SELL Area - 1.4500 ( First Target : 1.4395 Next : 1.4243 Possibility to drop at 1.4091 area)

BUY Area - 1.4541 ( First Target : 1.4647 Next : 1.4750 Fail may drop to 1.4500 area)

Salam and Hi..... Trading range is between 1.4200 to 1.4750.

As aspected yesterday candle met my buy and sell area. Sell area met all my target and congratulations who took that opportunity. Buy area met but fail to meet my first target and drop deeper after making a spike as I told yesterday. Please read back yesterday predictions for your learning.

At this moment candle is in consolidations mood from yesterday drop. Initial Resistance is at 1.4708 area. As long as this 1.4708 hold candle may drop deeper at 1.4200 area. Please refer Daily chart and use BB and Fibo to confirm this. Until then let look what will happen today. Good Luck and happy trading.

Allah Hu.

ps.. nah bacalah predictions guru Tadika ini.

kepada student saya. Malam esuk jumaat ada Taklimat mengenai Gold pada jam 9.00 malam. Jika free sila hadirkan diri anda. Kenapa Gold begitu penting - nak tahu sila hadir.

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.

GBP/USD @ 10.30 am (Malaysia)

SELL Area - 1.4555 (My Target : 1.4461 Next : 1.4372)

BUY Area - 1.4597 (First Target : 1.4640 Next : 1.4680)

Salam and Hi........

Trading Range is between 1.4200 - 4800. Looks like a new top already confirm at 1.5068 before CS drop deeper ar 1.4400 area. Today the market is still in Bearish mood and the price may drop more deeper to 1.4200 area within a few days. Until then let see what happen today. Good Luck and happy trading always.

Allah Hu.

GBP/USD @ 10.30 am (Malaysia)

BUY Area - 1.4843 (my target : 1.4934 Next : 1.5072)

SELL Area - 1.4800 (my target :1.4643 Next : 1.4532)

Salam dan hi........

Trading range is between 1.4600 - 1.5100.

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

From Market oracle.. please read !!!

Currency swaps are of reciprocal currency agreements (swap facilities) between central banks. The officially purpose of such agreements are explicitly of short term and are intended to finance short-term capital flows believed to be seasonal or temporary in nature. Swap agreements are also misused to facilitate large interventions in foreign exchange markets, which is what is occurring with the dollar today.


How currency swaps work

The easiest way to understand currency swaps is to think of them as two separate zero-interest loans. For example, let’s say the fed and the ECB arrange a 80 billion euros ($107 billion) swap. The ECB then lends the 80 billion euros to the US, and the US loans $107 billion dollars to the ECB. Later, at an agreed date, the currency swap is reversed: the ECB returns the $107 billion dollars to the fed, and the fed pays back 80 billion euros.

How central banks use currency swaps

Central banks use the foreign currency from swap agreements to prop up their domestic currency by:

A) Providing the foreign currency to domestic financial institutions. (If those institutions were forced to go to the exchange markets for funding, it would drive down the value of the domestic currency.)
B) Using the foreign currency to directly intervene in exchange markets.

Why currency swaps are so popular

Currency swaps allow central banks to borrow foreign currencies without revealing that their country's banking system or currency is in trouble. In other words, since both central banks involved in a currency swap borrow foreign currencies at the same time, it is difficult to tell which central bank needed them the most. It is this lack of transparency which makes currency swaps so attractive to central banks.

The dangers of currency swap agreements

Currency swaps are temporary measures that need to be unwound. If the central banks involved in currency swaps were responsible in their use of the foreign credit (ie: financing seasonal short-term capital flows), then unwinding the swap agreement is a simple matter. However, if a central bank uses a currency swap to recklessly intervene in exchange markets (ie: desperately prop up a failing currency), then unwinding swap agreement becomes problematic.

Remember that currency swap agreements are essentially two loans. When a central bank misuses a currency swap to prop up its failing currency, it will not have the foreign currency on hand when it comes time to repay the swap drawings. As a result, that central bank will then be forced to issue bonds in foreign currencies to secure the funds to unwind its half of the swap agreement.

The true danger of currency swap agreements is that they allow irresponsible central banks to temporarily prop up their currencies by racking up large amounts of foreign debt. When the swap agreements are later unwound, not only does the domestic currency’s value fall, but the nation is left with large amounts of foreign denominated debt.

The US has a history of misusing currency swap agreements

Through the treasury’s Exchange Stabilization Fund and the Federal Reserve's System Open Market Account, the United States has twice used swap agreements in failed attempts to prop up the dollar. On both those occasions, the treasury was subsequently forced to issue foreign currency-denominated debt (Roosa bonds and Carter bonds) to repay swap drawings. Evidence of this repeated misuse of currency swaps can be seen on