Lets Trade with Ironfx Malaysia IB

5 Reasons Why the Federal Reserve is a Failure!

2008-03-20T22:12:00.007+08:00

Good Article from www.bankholic.com for all forex traders

No single quasi-private institution has as much influence on the worldwide economy as the Fed, and as a leader can head this institution for an indefinite term, no one man is as influential on the markets as the Fed Chair.
The Dollar has plummeted in the currency markets and shows few signs of recovery or even stabilization. The new style and policies that accompanied Bernanke into office have made the Forex markets more volatile than ever and even more difficult to predict. An examination of what has gone awry can help Forex traders understand this new era at the Fed.

1. The Fed ignored the signs

The Fed has stated that it will never act as a regulator in any financial market, but it has the duty to use its influence for reform when it sees signs of consumer exploitation. Since as early as 2001, at least two senior officials inside the Fed urged its board to call for tighter regulations in the housing markets, especially in abuses that were clearly evident in the handling subprime mortgages.

2. The Fed did too little too late

3. The Fed kept interest rates too low for too long

4. The Fed’s view of inflation is flawed

5. The Fed gives gold stars to those deserving detentions

original sources:http://www.bankaholic.com/2008/federal-reserve-is-failure/

Technical focus: EURJPY and AUDUSD

2008-03-17T13:09:00.004+08:00

EURJPY

Recently we posted a EURJPY in chart in which we were looking for a sizeable follow through lower for the pair on the risk aversion theme. The sell-off was alas quickly aborted as the risk aversion them came into play -note, however, that EURJPY was unable to close above the key 5-day SMA. All in all, as long as the atmosphere of fear reigns, we would expect the JPY to strongly outperform EUR. A possible retest of the 150.00 area may await here soon. Have a look at AUDJPY and NZDJPY as possible alternatives to this trade.

AUDUSD

AUDUSD topped out right at the 0.764 Fibonacci, which many favor employing as a retracement level when looking for a market turnaround. As mentioned above, the relative yield curve developments are beginning to favor the USD relative to AUD. There is little technical confirmation that a new sell-off wave could develop other than the rejection of the rally at the Fibonacci level, but continued risk aversion here could continue to see more pressure on AUD with its tendency to perform poorly when equity markets are tumbling.

JPY sharply stronger across the board as 100.00 USDJPY level sees first test. JPY crosses set to tumble?

2008-03-17T13:07:00.001+08:00

US Retail Sales on tap today, but market more focused on risk theme again on hedge fund failure news.

Daily Pivot for 10th of January 2008

2008-01-10T12:32:00.000+08:00

Daily pivot for 3 pairs that i trade with:

GBP USD : 1.9633
EUR USD : 1.4680
GBP JPY : 215.25

Pivot is the key of market move, either up or down usually market will break daily pivot to determine the way it move.

When you encounter any problems or have any inquiries with regards to their forex trading, please feel free to drop an email to me at gap112@gmail.com

i am back...trade forex like before

2008-01-09T11:42:00.000+08:00

I am so sorry ,i have stopped trade forex for 3 month because i am busy with real business. Now i will start my trading like before. For today trading i am not yet enter any position as i cant see anything at any pair like GBP USD, EUR USD, and GBP JPY.

Daily Pivot :

GBP USD : 1.9740
EUR USD : 1.4710
GBP JPY : 215.54

so far for GU and EUR have broke their daily pivot. Maybe they will go up. Just wait and see

DAILY FOREX MARKET COMMENTS

2007-09-11T09:32:00.000+08:00

Tuesday September 11, 2007

EUR-USD

1.3802. Current rise should end around 1.3795 or 1.3823. Objectives of this downmove are 1.3773 or 1.3745. A rise above 1.3845 is again bullish.

USD-CHF

1.1865. It should test higher than 1.1883. Entry points are at 1.1853 and 1.1844. A break of 1.1823 is bearish.

USD-JPY

113.71. Is expected to fall lower than 112.04. Entry sell point are at 113.86 or 114.27 . Stop loss above 114.27.

GBP-USD

2.0277. Decline should be supported around 2.025 - 2.0222 zone for rally to above 2.0358. A clear break of 2.0222 will damage this expected rally.

EUR-CHF

1.6376. It should test 1.64 area after which a sell off down to 1.6341 or extended to 1.6306 area is expected.

EUR-JPY

156.96. It should test 158.36 area after which a sell off down to 155.63 or extended to 154.29 area is expected.

EUR-GBP

0.6806. Current rise should end around 0.6799 or 0.6816. Objectives of this downmove are 0.6790 or 0.6773. A rise above 0.6825 is again bullish.

AUD-USD

0.8258. Market should hold major support at 0.8159 before rising towards 0.8296 or even 0.8335 limit.

USD-CAD

1.0520. There are initial signs of a good corrective recovery towards 1.0556 or even 1.0568. Supports at 1.0519 and 1.0494 zone.

Euro beaten

2007-07-26T16:53:00.000+08:00

EUR beaten with the ugly stick

The EUR was getting a severe beating in FX markets Wednesday with JPY, AUD, CAD and NZD the strongest currencies.

1 post GBP JPY

2007-07-26T14:03:00.000+08:00

i have opened 1 post at sell GBP/JPY at 247.15 with stop loss at 248.0

target price is 150pips

2 positions at GBP usd and Euro usd

2007-07-25T16:00:00.000+08:00

hello everyone

i have 2 positions at euro and gbp... i hope it will achieve its target which is more than 200pips...

Sell GU at 2.0600
Sell Euro at 1.3802

wish me luck for this signal...

Daily support and Daily resistance

2007-07-24T09:09:00.000+08:00

EURUSD

Resist.
1.3944
1.3881
1.3853
1.3822
1.3789
1.3753
1.3689
Support

Quoted: 23 Jul 07 12:44 GMT

GBPUSD

Resist.
2.0755
2.0649
2.0605
2.0582
2.0499
2.0437
2.0331
Support

Quoted: 23 Jul 07 12:43 GMT

USDJPY

Resist.
124.66
123.09
122.18
121.29
120.61
119.96
118.39
Support

Quoted: 23 Jul 07 12:43 GMT

EURJPY

Resist.
171.28
169.60
168.63
167.66
166.95
166.22
164.54
Support

Quoted: 23 Jul 07 12:44 GMT

USDCAD

Resist.
1.0634
1.0550
1.0518
1.0427
1.0433
1.0381
1.0296
Support

Quoted: 23 Jul 07 12:44 GMT

GBP JPY post 11 of July 2007

2007-07-23T09:30:00.001+08:00

Labels for the chart above:

Red line : Moving Average 200
Green line and Red circle : Strong Support that i defined
Blue line : Place i put buy position.
Yellow line : Place i closed my position

Total pips : 420 pips
Total profit : USD 343.28
Time frame used to analyze : 4 hour

From the above-mentioned chart, I have concluded to acquire GBP/JPY as I notice a strong support at RED circle area. The example given is for your perusal and I will provide more samples as and when the possibility arises.

When you encounter any problems or have any inquiries with regards to their forex trading, please feel free to drop an email to me at gap112@gmail.com.

Trade using only support and resistance

2007-07-23T07:49:00.000+08:00

Hello everyone.... I am Abdul Ghaffur Abdul Hadi, a full time trader and also an Introducing brokers for Northfinance.com. There are several techniques in trading but the trading system I am comfortable with for my technical analysis are listed below:-

1) Daily Support and Daily resistance
2)Candlestick
3) Relative Strength Index 14 (2nd confirmation)
4) Traditional Elliot wave (2nd confirmation)
5)Fibonacci(2nd confirmation)

This is to facilitate in the sharing of any possible alerts that each of us encounters during the process of trading for our benefits in the near future. The sharing process is vital to all of us as in order for everyone to gain the best returns for their investment. Any newbie especially from Malaysia who wish to know details about forex trading can meet me at my website which is forexmalaya. Best of lucks to all forex traders in the world.

When you encounter any problems or have any inquiries with regards to their forex trading, please feel free to drop an email to me at gap112@gmail.com.

daily support and resistance 18th JULY 2007

2007-07-19T07:39:00.000+08:00

Note: the support/resistance levels used in the matrix’s of this document are levels derived from yesterday high, low and close. Reference in the text to other support/resistance levels will occur.

EURUSD

Resist.
1.3865
1.3822
1.3802
1.3780
1.3759
1.3736
1.3693
Support

Quoted: 18 Jul 07 12:19 GMT

GBPUSD

Resist.
2.0685
2.0558
2.0512
2.0503
2.0385
2.0304
2.0177
Support

Quoted: 18 Jul 07 12:19 GMT

USDJPY

Resist.
123.60
122.88
122.60
122.14
121.88
121.42
120.69
Support

Quoted: 18 Jul 07 12:19 GMT

EURJPY

Resist.
170.35
169.35
168.97
168.30
167.96
167.34
166.33
Support

Quoted: 18 Jul 07 12:19 GMT

USDCAD

Resist.
1.0505
1.0471
1.0454
1.0469
1.0420
1.0403
1.0369
Support

Quoted: 18 Jul 07 12:19 GMT

GBPUSD support and resistance

2007-07-10T08:38:00.000+08:00

GBPUSD

Resist.
2.0272
2.0187
2.0147
2.0149
2.0062
2.0017
1.9932
Support

Support and Resistance for Euro USD

2007-07-10T08:09:00.001+08:00

EURUSD

Resist.
1.3760
1.3686
1.3656
1.3627
1.3582
1.3537
1.3463
Support

Euro USD prediction

2007-07-10T08:03:00.000+08:00

USD Weakness Continues

On a day with light data, the USD continued the direction from Friday selling off, sending EURUSD and GBPUSD hígher despite soft UK CPI. I expect EURUSD to test recent highs at 1.3680 this week.

USD

Over the last week, the USD has fallen against most other majors, and only gained against the JPY and the CHF as carry trades have picked up the pace again. Both the ISM Manufacturing and Non-Manufaturing Indices have showed better than forecasted figures, but the ISM Prices Paid showed weaker than forecasted figures, telling us that the growth in the US i picking up a tad, while inflation pressures eases. THe housing market still shows weakening as the pending home sales dopped more than expected and more than prior figures from April. Key event is coming up today as the US June Job Report is released. As the US celebrated Independence Day on Thursday, the ADP Report - the proxy for the Nonfarm payrolls - was released Thursday and came out at 150K vs. 100K expected, adding buying interest to the US currency. Expectations to the Nonfarm figures was revised higher after the ADP report and is currently expected at 125K vs. 98K prior (revised from 97K). The Unemployment rate is expected to come out unchanged at 4.5pct. EURUSD was close to testing the prior highs from April at 1.3680 but was rejected and is currently trading around the 1.36-figure. We expect this pair the be faily range bound with a bullish tendency and see the pair testing the recent highs again within the coming 3 months.

GBP

Markets had tuned in for the UK rate decision on Thursday and bought GBP ahead of the figures, making GBPUSD break the 2007 highs at 2.0133 and tested the 2.02 figure. However as the BoE raises rates 25bp as expected to 5.75 pct., GBP-crosses sold off, despite the interest-futures market have priced in two additional hikes. We are expecting GBPUSD to pick up the bullish pace again and see it in 2.03 within the next month as our current expectations are that the Fed will keep rates fixed, increasing the yield-differential in favor of the GBP.

Forex signal for today April 13th 2007

2007-04-13T14:39:00.000+08:00

Sell USD/JPY 118.79

Stop Loss 119.50
Target Price 117.00

Good luck to all who try this

Northfinance.com appointed me as Introducing Broker

2007-04-13T12:33:00.000+08:00

Today i want to announced that i have been Forex Introducing Broker for Northfinance Malaysia.
So if anybody interested to open NF Forex account or have NF account but want to change in under me, i will you give rebates from what Northfinance will give to me. I also will open a Forex forum for forex discussion for my clients. I also provide guidance for people who are Newbie in forex.

If anybody interested, please let me know by emailing nf.waveriderfx@gmail.com

or call me at http://www.northfinance.com/eng/ib-program/our-representatives/malaysia/

Why Northfinance is the finest Forex broker in the world?
Spread: from 2 pips.
Minimum deposit — from 100 dollars.
Instant Execution - Quotation system.
You may trade CFD on futures and stocks. More details.
Credit Leverage of your choice from 1:1 to 1:500 (For deposits not exceeding 100,000 USD).

FREE VISA Electron Card.
We've been on the market since 2001.
Real reliability of the Company.
Trading Account opening within 10 minutes from any point of the world. Open Forex Account now.
We accept all kind of wire transfers and e-payment.
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Funds deposit and withdrawal from trading account via Financial Multi Portal.
Customer support 24/5 over the telephone.
Trading terminal: MetaTrader: North Finance Ltd.
11 Lingual Trading Platform.

Regards,

Muhammad Abdul Ghaffur Abdul Hadi
Paradox Management

Welcome to my forex blog

2007-04-12T23:49:00.000+08:00

Assalammualaikum.God bless me for along time..now i have opened my blog to share my knowledge and make a discussion with anybody whoever visit my blog. This is new day in my life with blog. i really hope that my blog will be interesting to attract people to visit my blog again and again.