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.
Monday, August 3, 2009
Sunday, August 2, 2009
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.
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.
Saturday, August 1, 2009
Congratulations Who Got My Buy Area Yesterday !!!
Salam and hi....
Congratulations who got the buy area yesterday and got the target and I've heard some of you got more 300 pips... huhuhu. Wish you all the best next week and please read my predictions everyday before you enter market. Everything is OB CS must do some retracement before testing back 2009 high at 1.6742 or up further. If fail CS will find the relevan support and if not enought will find more support before testing back the relevan resistance. Please be more discipline and be alert on all relevan reverse pattern. Dont forget your daily target and if you achived it please stop and wait for confirm signal before enter the market again.
On Daily Chart CS close High yesterday, that mean CS must drop deeper. If you got sell positions yesterday dont woory you might get something on early monday morning. So do sit infront of your computer on Monday morning. And good luck to you my frens. Dont forget Allah ok, so Allah may not forget you to. Amin.
If you got profit please do contribute some to this blog... hehehehe... I hope you do. Syukran and TQ Allah.
Until then happy weekend and this is the time for you and family to be together. Remembered this family first so you will be happy everyday.
Allah Hu... Allah Hu... Allah Hu.
Friends18.com Graduate Comments
Congratulations who got the buy area yesterday and got the target and I've heard some of you got more 300 pips... huhuhu. Wish you all the best next week and please read my predictions everyday before you enter market. Everything is OB CS must do some retracement before testing back 2009 high at 1.6742 or up further. If fail CS will find the relevan support and if not enought will find more support before testing back the relevan resistance. Please be more discipline and be alert on all relevan reverse pattern. Dont forget your daily target and if you achived it please stop and wait for confirm signal before enter the market again.
On Daily Chart CS close High yesterday, that mean CS must drop deeper. If you got sell positions yesterday dont woory you might get something on early monday morning. So do sit infront of your computer on Monday morning. And good luck to you my frens. Dont forget Allah ok, so Allah may not forget you to. Amin.
If you got profit please do contribute some to this blog... hehehehe... I hope you do. Syukran and TQ Allah.
Until then happy weekend and this is the time for you and family to be together. Remembered this family first so you will be happy everyday.
Allah Hu... Allah Hu... Allah Hu.
Friends18.com Graduate Comments
Friday, July 31, 2009
GBP/USD Pair @ 06.30 am (Malaysia)
Salam and hi.....
Trading Range is between 1.6200 to 1.6650 area.
1. BUY Area : 1.6471
T1 : 1.6550
T2 : 1.6650
Possibility to test 1.6750 area or CS may drop back to 1.6400 area.
2. SELL Area : 1.6431
T1 : 1.6388
T2 : 1.6300
T3 : 1.6250
Allah Hu.
Friends18.com Picture Comments
Trading Range is between 1.6200 to 1.6650 area.
1. BUY Area : 1.6471
T1 : 1.6550
T2 : 1.6650
Possibility to test 1.6750 area or CS may drop back to 1.6400 area.
2. SELL Area : 1.6431
T1 : 1.6388
T2 : 1.6300
T3 : 1.6250
Allah Hu.
Friends18.com Picture Comments
Thursday, July 30, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam and hi......
Trading Range is between 1.6200 to 1.6600
1. SELL Area : 1.6371
a. T1 : 1.6346
b. T2 : 1.6300
c. T3 : 1.6200 - If fail CS may rebound to test 1.6400 area.
2. BUY Area : 1.6401
a. T1 : 1.6464
b. T2 : 1.6510
c. T3 : 1.6600
Allah Hu.
Trading Range is between 1.6200 to 1.6600
1. SELL Area : 1.6371
a. T1 : 1.6346
b. T2 : 1.6300
c. T3 : 1.6200 - If fail CS may rebound to test 1.6400 area.
2. BUY Area : 1.6401
a. T1 : 1.6464
b. T2 : 1.6510
c. T3 : 1.6600
Allah Hu.
Wednesday, July 29, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam and hi.......
Trading Range is between 1.6200 to 1.6650
1. SELL Area : 1.6441
a. T1 : 1.6390
b. T2 : 1.6350
c. T3 : 1.6250 - if fail CS may rebound to 1.6400.
2. BUY Area : 1.6481
a. T1 : 1.6550
b. T2 : 1.6623
c. T3 : 1.6700 - If fail to break CS may drop deeper to 1.6400. If break there is a possibilty to test 2009 high at 1.6742.
Allah Hu.
Trading Range is between 1.6200 to 1.6650
1. SELL Area : 1.6441
a. T1 : 1.6390
b. T2 : 1.6350
c. T3 : 1.6250 - if fail CS may rebound to 1.6400.
2. BUY Area : 1.6481
a. T1 : 1.6550
b. T2 : 1.6623
c. T3 : 1.6700 - If fail to break CS may drop deeper to 1.6400. If break there is a possibilty to test 2009 high at 1.6742.
Allah Hu.
Tuesday, July 28, 2009
GBP/USD Pair @ 08.00 am (Malaysia)
Salam and hi.........
Trading Range is between 1.6300 to 1.6650 area.
1. BUY Area : 1.6481
a. TP1 : 1.6503
b. TP2 : 1.6550
c. TP3 : 1.6603 - Possibility to test 1.6700 area if break 1.6600 area. If not CS may drop back to 1.6400 area.
2. SELL Area : 1.6441
a. TP1 : 1.6400
b. TP2 : 1.6350
c. TP2 : 1.6300
Allah Hu.
Trading Range is between 1.6300 to 1.6650 area.
1. BUY Area : 1.6481
a. TP1 : 1.6503
b. TP2 : 1.6550
c. TP3 : 1.6603 - Possibility to test 1.6700 area if break 1.6600 area. If not CS may drop back to 1.6400 area.
2. SELL Area : 1.6441
a. TP1 : 1.6400
b. TP2 : 1.6350
c. TP2 : 1.6300
Allah Hu.
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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 ...
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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...