Malaysia

salam all... a few moment left before hitting this long term target.. bdw, news previously is only making market a lil bit chaos..

Almost Maghrib... see ya Guys... bdw, hitting long term target geepy.. 204.50
terima kasih tuhan...

Cappalz,

How was your day bro? I make a mistakes when closed my previous sell after market reaction for -70 pips and bdw seeing the PA formation is only makes me more confident that the price will be hitting the target.. luckily entering for another sell at closed for 100pips..

bdw, i told in my previous post that the retracement level is sometimes a bit tricky but as long they did not break a certain line in fibo that i drawn, it will keep remains on the retracement level and if the news does not effecting the market, we can see that early...

erkk.. IMHO ya...

just ok bro... come back n see my PO catch up already at 204.50... still have red small lot at 206.00....http://www.forexfactory.com/images/icons/icon11.gif

i see GOLD start going down... UJ start reverse the movement... but what happend to MR GREPPY with their CABLE!! if daily s1 break... i should do something....http://www.forexfactory.com/images/icons/icon12.gif

Glad to capture this move when it breakdown from the up trend line:

Chart: 30 Mins
Entry: 1.98825
PT: 1.9852
SL: 1.9905
Exit: 1.9849

Reward/Risk: 30.5/22.5=1.35



Happy Trading

this week all brokers get back their money after lost it to clients last friday.

I remembered the thread starter said we should use English only. It seem some of you still use Malaysian

yup. u r right. but, sometimes cannot help it. it's still our mother tongue. give them a break.

Painful lesson learnt!shoulda trade end to end of the channel.

Good Morning Malaysia!

Good Morning Malaysia.......

Situation Live......E/U......probabily Long but Weak....but only if the green line go over the level 23.6.....do you remember....the trend is your friend, don't start if no End!!!!!




Triangolo......

Good morning Finsburry!
Any wordsof wisdom before plunging into the market today?

Good morning codox!
Where from in JB?

Situation Cable......

Identical situation with Euro/dollar......stay sleep in this moment...

Planning to only PO @ 1.5825 for long only if all stoch reach bottom & begin to head upwards.Will be following TF H4 to lead first.TP will be 1.6000 & SL 1.5800. IMHO of course.

what u think?

Cable and Euro….they are with in of triangolo(I don't in english...please help me!!!!)......looked the Graph… to wait for the escape of these and to follow step by step.....In the stoch the down trend is no finish...only if exit over 23.6 go Up......but the price is in triangolo....I think the first step..is a weak long.....no very strong!!!.....I don't if in this morning for you (Nigh for me)....is a news of cable?!?!?!?!..News is a good Gas for the Car!!!

But remember..don't start with your mind,you start only after the trend!

I think Euro stay in the green zone......only after this zone....Start Up or Down......when him start.......we start.........is not important if go Up o go down!!!.....where it travels… we travels

http://www.forexfactory.com/news.php?do=news&id=83028


LONDON (Thomson Financial) - The pound's weakness is unlikely to prove temporary, and poses a danger for inflation in the medium term, a rate-setter at the Bank of England (BoE) warned on Wednesday.

Andrew Sentance, a perceived hawk on the Bank's Monetary Policy Committee (MPC), told the Confederation of British Industry (CBI) that the MPC will have to take into account the boost in inflation coming from a sustained fall in the pound when it sets monetary policy.

'The recent decline in the pound creates additional upside risks for inflation which need to be taken into account in the overall policy judgement,' Sentance said.

The rate-setter, who voted to keep interest rates on hold in April, against the prevailing opinion of the MPC, underscored that the Bank's key responsibility is to keep inflation low.

'Even though inflation is being pushed up in the short term by global inflationary forces and by a declining pound, the MPC's job is to bring it back to target again,' he said.

'Our objective is to keep the UK economy on a course underpinned by low and stable inflation ... that must remain the focus of our policy actions as we aim to steer the UK economy through some rather turbulent waters,' he said.

The falling UK currency has a net upward impact on demand because it boosts exports in the manufacturing sector, more than offsetting the fact that households face higher prices for imported goods, Sentance said.

Despite continued strength against the dollar, the pound is weak against a basket of currencies and is performing particularly poorly against the euro, its chief trading partner.

The euro is currently trading above 80 pence, near record levels and continuing a strengthening run against the UK currency that began in 2000.

Sentance told the CBI he could see 'no particular reason for sterling to weaken against dollar in the short term', but signalled that more weakness could be in store for the pound against other currencies.

Sentance said a weaker pound could act as a catalyst for high inflation expectations.

'The fall in the pound will aggravate the inflationary impulse coming through from higher global energy and commodity prices,' he said.

'The upside risk to inflation expectations will therefore be increased by the fact these factors have come together -- producing a bigger and possibly more sustained short-term surge in inflation,' he added.

Nonetheless, the BoE's track record of low inflation over the past decade should help anchor inflation expectations, he noted.

Balancing his hawkish comments, Sentance highlighted a series of downward pressures on demand, chiefly due to the credit crunch and a weaker economic outlook.

This means the BoE expects the degree of spare capacity in the economy to increase, he said.

But Sentance signalled these effects would be required to bring inflation down, rather than explicitly requiring the stimulus of a cut in interest rates.

A drop in CPI inflation back to target 'is likely to require relatively weak growth in 2008 and 2009' -- as the turbulence in financial markets takes its toll and the economy begins to re-balance -- 'and we cannot guarantee that this period of adjustment will be smooth,' he said.

The Bank is tasked with keeping CPI at 2 percent, with a buffer of one percentage point either side. In March, the CPI rate was 2.5 percent, the sixth month running it has been above target.

Sentance said the credit crunch has not made monetary policy ineffective, despite the fact that money market interest rates such as Libor, the interbank lending rate, have stayed stubbornly higher than the official Bank rate in recent months even as the BoE has lowered borrowing costs.

Though these higher market rates are 'a complication' for setting interest rates, 'it doesn't make monetary policy ineffective,' he said.

'We are trying to take into account the increased wedge' between the Bank rate and market rates, he said.

Sentance declined to say whether the Bank rate, at the current level of 5.00 percent, is restrictive, saying the situation is too complex to make such simple statements.

'I'm not sure we can say if it is restrictive or not restrictive,' he said.

The MPC will have to 'judge our response on interest rates according to the data that's coming in,' he added.

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T R A N S L A T I O N

英央行委员森泰斯称英镑短期内不太可能回弹

北京时间4月24日消息，英国央行货币政策委员会委员安德鲁·森泰斯 (Andrew Sentance) 周三称，英镑汇率前景仍具有很高的不确定性，但目前看来英镑不太可能很快从最近的跌势回弹。

　　森泰斯还称，英国消费者开支增长预计将会减缓，英国经济重新获得平衡可能仍将需要一段时间，并表示不能确保这种调整将能“顺利”进行。他补充称，需求的走软将给那些对消费者依赖性最强并与房地产和金融服务业密切相关的行业带来最大的影响，预计未来两年中许多行业状况将不甚乐观。

　　森泰斯在英国工业联合会(Confederation of British Industry)发表演讲称：“英镑汇率前景仍非常难以确定，但没有太多证据表明将在短期内从最近的跌势回弹。” 他指出，英镑走软的因素可能包括英国经济需求前景疲弱、英国出现金融危机的可能性加大以及经济再平衡对英镑汇率的必然性要求等。

　　森泰斯称，信贷危机的影响可能将持续“一些时间”，英国经济的再平衡也需要一段时间才能展开，这表明英镑汇率的下跌还将继续下去。他表示，英镑的下跌给通胀水平上升带来了两大风险：英国生产商竞争力的上升有助于市场需求和经济活动的走强，至少在短期内将是如此；进口价格的走高将压榨英国家庭的实际收入。他指出：“在英镑走软的形势下，消费者开支将很可能将比过去要承受更重的负担。

　　森泰斯是英国央行货币政策委员会中最为“鹰派”的委员之一。据英国央行周三发表的备忘录显示，森泰斯在本月早些时候的货币政策会议上反对将基准利率从5.25%调降至5.0%。

　　英国3月份年度消费者物价通胀连续第二个月保持在2.5%，但据央行货币政策委员会委员和民间经济学家预测，今年晚些时候通胀水平将上升至3%左右。

Yes you are right a lot of local language usage and also too much of Islamic verses. I think since this is a international forum, should only use language that everyone understand.