Cable

Retracement - 4hrs

EW + Wisemen

Rasanya ya udah lama ngak bilang ombak..mahu coba2 bilang ya mana tahu terjadinya sebegini rupa ..ya secara kebetulannya aja....apa yang wak nampak dimata yang kabur ini Wave 4 nya ya udah completed (61.8%) fibo retracement (TL break + WM1).

Gator Take A Break

Alligator berhenti sebentar sebelum ianya meneruskan perjalanan. Justeru itu, marilah kita pekena kopi "O" dulu. KITA MINUM DULU....

Quote from Hitler's Personal Diary

" I could have annihilated all the jews in the world, but i left some of them so you will know why i was killing them."

signed Adolf Hitler

How Beautiful Is Chaos

Boycott Israel

Selamat Menyambut Maal Hijrah 1430H & Selamat Tahun Baru

Ya, Allah, seketika di akhir tahun 1429H, Insyallah muncul tahun baru yang ceria. Engkau muliakan dan sayangi Tuan, Puan, Saudara, Saudari, Rakan-Rakan, Sahabat-Sahabat pembaca ucapan ini, berkatilah keluarganya, sihatkan tubuh badannya, limpahkan rezekinya, berkatilah dan permudahkan lah usaha yang akan dilakukan, jauhkanlah daripada fitnah, penganiayaan & penghinaan keatasnya serta benihkan keimanan dengan penuh kasih rasa kasih sayang juga taqwa tanpa alasan. Amin Ya Rabbal A’lamin.

Why Trade Forex

• Take control of your own finances.Beat the returns from mutual funds, hedge funds or managed funds.
• Start-up costs are low when compared with day trading stocks or futures.
• Forex is the world’s largest market. No one can corner the market.
• With a trading volume of around $3.2 trillion dollars a day( Bank for International Settlements April 2007), no single entity can control the market for an extended period of time.
• You can make money when the market is going up or down.
• Forex markets trade 24 hours a day. There is no waiting for the opening bell.
• Technical analysis works very well and the market trends well.
• Forex offers up to 100:1 leverage but it is wise avoid very high leverage if you can afford it. Stocks offer 1:1 or 2:1.Futures offers 15:1 leverage.
• The forex market is the most liquid in the world. Traders can almost always open or close a position at a fair price.
• You can make money working only a few hours a day or week on your computer.
• You can trade from anywhere in the world where there is an internet connection.
• You can gain experience without risking your own money by using a free demo account.
• When trading stocks, there are over 40,000 stocks to choose from. In forex, you can choose one or two currency pairs and focus your analysis.

GBP/USD - 30M

Fundamental analysis report

Fundamental analysis refers to the study of the core underlying elements that influence the economy of a particular entity. It is a method of study that attempts to predict price action and market trends by analyzing economic indicators, government policy and societal factors (to name just a few elements) within a business cycle framework. For forex traders, the fundamentals are everything that makes a country tick. From interest rates and central bank policy to natural disasters, the fundamentals are a dynamic mix of distinct plans, erratic behaviors and unforeseen events.

Fundamental analysis can be used to forecast economic conditions very effectively. But it may not necessarily forecast exact market prices. Forecasting models in forex fundamental analysis are as numerous and varied as the traders and market buffs that create them. Two people can look at the exact same data and come up with two completely different conclusions about how the market will be influenced by it. Therefore is it important that before casting yourself into a particular mold regarding any aspect of market analysis, you study the fundamentals and see how they best fit your trading style and expectations.

GBP/USD 30minute

Traders works at NYSE, Stock Fall World Wide

Sterling

Sterling pushed to a high above 1.57 against the dollar in Asian trading on Wednesday, but then fell sharply and remained under wider pressure during the day. The UK currency recovered back to near 1.55 against the dollar from lows below 1.53 as the dollar crumbled, but weakened very sharply against the Euro with a fresh record low beyond 0.93.

The labour-market data remained very weak with a further 75,700 increase in jobless claims for November after a revised 51,800 increase the previous month and this was the fastest pace of increase since 1991. The consumer spending evidence was also very weak with the December CBI sales index registering a record low of -55 from -46 the previous month.

The Bank of England minutes from December's policy meeting recorded a 9-0 vote for a 1.0% cut in interest rates. There was talk over a further cut and the economic data will certainly reinforce fears. The bank was concerned over Sterling weakness and this may provoke some caution early in 2009.

Recounting GBP/USD 30Minute

Markets Focus On FOMC tonight

U.S. Dollar Trading (USD) was sold off broadly as recent weakness in the Dollar became the new theme. US data did little to stem the tide of selling as the market focused on the coming FOMC meeting and expected rate cut. US Industrial Production fell -0.6% vs. -0.9% forecast. The December New York Fed Index fell to -25.8 vs. -25.4 previously as economic conditions continued to deteriorate. Oil was volatile with news of large OPEC cuts initially buoying the price to $50 a barrel before easing on demand concerns. In U.S. share markets, the NASDAQ was down 32 points (-2.10%) and the Dow Jones was down 65 points (-0.75%). Crude Oil closed down $1.77 ending the New York session at $44.51 per barrel. Looking ahead, Core CPI is seen +0.1% vs. -0.1% previously for a Y/Y rate of 2.1%. FOMC meet and are expected to cut US interest rates to 0.5% from 1.0%.

The Euro (EUR) surged higher on speculation that the US will cut rates creating a greater yield differential between the two currencies. Resistance at 1.3500 was soft at best as the EURO glided up to 1.3700. Gains were mixed against the GBP but the EURO outpaced most of the currencies especially the Yen. Overall the EUR/USD traded with a low of 1.3431 and a high of 1.3726 before closing the day at 1.3700. Looking ahead, Eurozone Services PMI is expected at 41.2 in December and Manufacturing PMI forecast at 34.2.

The Japanese Yen (JPY) with the market unwilling to test the 90 level again the USD/JPY kept to a tight range. Most of the movement was seen on the Crosses with GBP/JPY and EUR/JPY making solid gains on the back of their majors. Q4 TANKAN SURVEY -24 vs. -23 forecast indicating a large fall in manufacturing sentiment. Overall the USDJPY traded with a low of 90.27 and a high of 91.35 before closing the day around 90.60 in the New York session.

The Sterling (GBP) made substantial gains as USD weakness provoked massive short covering on the pound and it rocketed towards 1.5300. After testing 90 on the EUR/GBP, cable strength allowed the pair to ease towards the 89 level. The next big level to relieve downside pressure will be seen at the 1.5500 level. Overall the GDP/USD traded with a low of 1.4923 and a high of 1.5378 before closing the day at 1.5310 in the New York session. Looking ahead, November CPI is seen falling -0.3% vs. -0.2% seen last month. Also released November Retail Price Index seen as 3.1% Y/Y vs. 4.2% previously

GBP/USD - 1hr

GBP/USD - 4hrs