SEVEN WONDERS OF THE WORLD
It is the one and only Ancient Wonder which does not require a description by early historians and poets. It is the one and only Ancient Wonder that does not need speculations concerning its appearance, size, and shape. It is the oldest, yet it is the only surviving of the Seven Ancient Wonders. It is the Great Pyramid of Giza.
Some stories indicate the Hanging Gardens towered hundreds of feet into the air, but archaeological explorations indicate a more modest, but still impressive, height.
This is a statue of the God in whose honor the Ancient Olympic games were held. It was located on the land that gave its very name to the Olympics. At the time of the games, wars stopped, and athletes came from Asia Minor, Syria, Egypt, and Sicily to celebrate the Olympics and to worship their king of Gods: Zeus.
The island of Rhodes was an important economic centre in the ancient world. It is located off the southwestern tip of Asia Minor where the Aegean Sea meets the Mediterranean. The capitol city, also named Rhodes, was built in 408 B.C
The Mausoleum at Halicarnassus is the burial place of an ancient king. Yet the Mausoleum is different - so different from the Pyramid that it earned its reputation - and a spot within the list - for other reasons. Geographically, it is closer to the Temple of Artemis... And it was the beauty of the tomb rather than its size that fascinated its visitors for years.
Of the Seven Wonders of the Ancient World, only one had a practical use in addition to its architectural elegance: The Lighthouse of Alexandria. For sailors, it ensured a safe return to the Great Harbor. For architects, it meant even more: it was the tallest building on Earth. And for scientists, it was the mysterious mirror that fascinated them most... The mirror which reflection could be seen more than 50 km (35 miles) off-shore.
Forex and Stock
Though stocks were traditionally viewed as an investment, recent volatility and instability has led to stock trading taking on a more speculative role. Many stock traders are also trading another speculative market with many differences – forex. Instead of trading stocks of individual companies, traders are switching to trading currencies in the world’s primary market. Greater leverage, sophisticated software and strong market trends have led many former stock traders to explore the benefits of currency trading.
Some facts about forex
Daily turnover in the world's currencies comes from two sources:
Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.
Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.
FOREX (Foreign Exchange Market)
The foreign exchange market is also known as FX or it is also found to be referred to as the FOREX. All three of these have the same meaning, which is the trade of trading between contrary companies, banks, businesses, and governments that are located in different countries. The financial market is one that is forever changing leaving proceedings required to be completed through brokers, and banks. Many scams have been emerging in the FOREX business, as foreign companies and people are setting up on the web to take benefit of people who don't realize that foreign trade must take place by a broker or a company with direct participation involved in foreign exchanges.
Cash, shares, and currency is traded through the foreign exchange markets. The FOREX market will be present and exist when one currency is traded for other. Consider about a trip you might get to a foreign country. Where are you going to be able to 'trade your income' for the value of the money that is in that other country? This is FOREX trading basis, and it is not in the open in all banks, and it is not available in all financial centers. FOREX is a specialized trading circumstance.
Small business and people often times hunting to make big wealth, are the victims of scams when it comes to learning about FOREX and the foreign trade markets. As FOREX is seen as how to make a fast buck or two, people don't inquiry their participation in such an event, but if you are not investing income by a broker in the FOREX market, you should easy end up losing all that you have invested in the transaction.
Scams to be wary of A FOREX scam is one that involves trading but will turn out to be a fraud; you have no chance of getting your wealth back once you have invested it. If you were to invest income with a company stating they are involved in FOREX trading you want read closely to learn if they are permitted to do line of work in your country. Many institutions are not permitted in the FOREX market, as they have defrauded investors before.
In the last five years, with the help of the Web, FOREX trading and the awareness of FOREX trading has become all the rage. Banks are the figure one source for FOREX trading to take place, where a trained and licensed broker is going to complete transactions and requirements you set forth. Commissions are paid on the transaction and this is the usual.
other type of scam that is prevalent in the FOREX markets is application that will improve you in generating trades, in learning about the foreign markets and in practicing so you can prepare you for keeping up with and generating trades. You want to be able to rely on a program or software that is truly going to make a difference. Confer With with your financial broker or your bank to find out more about FOREX trading, the FX markets and how you can avoid being the victim while investing in these markets.
Cash, shares, and currency is traded through the foreign exchange markets. The FOREX market will be present and exist when one currency is traded for other. Consider about a trip you might get to a foreign country. Where are you going to be able to 'trade your income' for the value of the money that is in that other country? This is FOREX trading basis, and it is not in the open in all banks, and it is not available in all financial centers. FOREX is a specialized trading circumstance.
Small business and people often times hunting to make big wealth, are the victims of scams when it comes to learning about FOREX and the foreign trade markets. As FOREX is seen as how to make a fast buck or two, people don't inquiry their participation in such an event, but if you are not investing income by a broker in the FOREX market, you should easy end up losing all that you have invested in the transaction.
Scams to be wary of A FOREX scam is one that involves trading but will turn out to be a fraud; you have no chance of getting your wealth back once you have invested it. If you were to invest income with a company stating they are involved in FOREX trading you want read closely to learn if they are permitted to do line of work in your country. Many institutions are not permitted in the FOREX market, as they have defrauded investors before.
In the last five years, with the help of the Web, FOREX trading and the awareness of FOREX trading has become all the rage. Banks are the figure one source for FOREX trading to take place, where a trained and licensed broker is going to complete transactions and requirements you set forth. Commissions are paid on the transaction and this is the usual.
other type of scam that is prevalent in the FOREX markets is application that will improve you in generating trades, in learning about the foreign markets and in practicing so you can prepare you for keeping up with and generating trades. You want to be able to rely on a program or software that is truly going to make a difference. Confer With with your financial broker or your bank to find out more about FOREX trading, the FX markets and how you can avoid being the victim while investing in these markets.
Forex As A Career
So a lot of people have asked me "What is it like making a living as a trader?" it is a very difficult question. It is one of the most complex things I have considered in a long time and I have to say "It is a way through." What I mean by that is that Forex is not something to be taken lightly, a decision to live your life not by guarantees but by calculating odds and living with the necessary losses therein is a huge commitment. However just living is in and of itself a series of risks we all take, so in a way we are all already accustomed to the stresses the Forex currency exchange will bring. Still, this is not a steady "paycheck" until you are able to consistently invest in the right place at the right time.
The rewards are enormous not only in terms of the money you make, but also the freedom you achieve from the typical "boss" should you be able to become a successful trader. For many this particular aspect of being self-employed is more than enough to motivate many people to pursue trading in the Forex currency exchange. Bearing in mind the necessary information one has to take in to achieve maximum return on investment, and learning that information will greatly contribute to your chance for success.
Self-discipline is something everyone has to learn to an extent but when you are self-employed it is the difference between being paid and not being paid. A lot of people out there will compare Forex and the stock market to professional gambling. In some respects they are correct, both gambling and Forex involve risk but so does business in general. Unlike gambling Forex presents many other careers one can segue into if they so choose, having steadfast and thorough knowledge of the financial world coupled with a cool head under pressure is an invaluable asset.
Taking the leap into Forex is a scary one, but if done correctly it can be among the most rewarding/liberating professional opportunities available. So, do you have what it takes?
The rewards are enormous not only in terms of the money you make, but also the freedom you achieve from the typical "boss" should you be able to become a successful trader. For many this particular aspect of being self-employed is more than enough to motivate many people to pursue trading in the Forex currency exchange. Bearing in mind the necessary information one has to take in to achieve maximum return on investment, and learning that information will greatly contribute to your chance for success.
Self-discipline is something everyone has to learn to an extent but when you are self-employed it is the difference between being paid and not being paid. A lot of people out there will compare Forex and the stock market to professional gambling. In some respects they are correct, both gambling and Forex involve risk but so does business in general. Unlike gambling Forex presents many other careers one can segue into if they so choose, having steadfast and thorough knowledge of the financial world coupled with a cool head under pressure is an invaluable asset.
Taking the leap into Forex is a scary one, but if done correctly it can be among the most rewarding/liberating professional opportunities available. So, do you have what it takes?
Option Market
Options market share has become more important with nine exchanges competing for orders, up from six in 2007. A pilot program to quote some contracts in 1-cent price increments that year also produced changes in the rules some exchanges use to match orders, intensifying the battle for volume.
Stock options have been trading on organized exchanges for nearly thirty years. In 1973, the first US options exchange was founded and call options on 16 securities started trading. A few years later, put options began trading. A decade later, index options appeared on the scene. Today, five exchanges are active in trading options and annual options trading volumes continue to set records. Indeed, over the course of thirty years, from the early 1970s until now, a great deal has changed in the world of options trading. What was once domain to mostly sophisticated professional investors has turned into a vibrant and dynamic marketplace for investors of all shapes and sizes.
Many investors are scrambling to buy defensive put options, demonstrating little concern with how much it costs to hedge Hewlett-Packard shares. They are paying top dollar to buy put options that will increase in value if the stock declines below $40 in the next few months.
For investors who think the stock ultimately regains its' bullish footing, selling the high-priced put options that today are in demand seems like a reasonable trade. The November $42 puts, for example, were recently trading at $2.44, which positions investors to buy the stock at $39.56. This stance is not without risk, but at least the risk is tempered.
This is the place where the stock market and shares are traded. Corporations, ranging from small to large blue chip companies listed in the stock market. If you are medium or small capital investor, then you can do more useful Nifty Option Tips . To do this, you should get a crystal clear idea of the different options. However, Nifty option only product that can make you maximum profits.
Stock options have been trading on organized exchanges for nearly thirty years. In 1973, the first US options exchange was founded and call options on 16 securities started trading. A few years later, put options began trading. A decade later, index options appeared on the scene. Today, five exchanges are active in trading options and annual options trading volumes continue to set records. Indeed, over the course of thirty years, from the early 1970s until now, a great deal has changed in the world of options trading. What was once domain to mostly sophisticated professional investors has turned into a vibrant and dynamic marketplace for investors of all shapes and sizes.
Many investors are scrambling to buy defensive put options, demonstrating little concern with how much it costs to hedge Hewlett-Packard shares. They are paying top dollar to buy put options that will increase in value if the stock declines below $40 in the next few months.
For investors who think the stock ultimately regains its' bullish footing, selling the high-priced put options that today are in demand seems like a reasonable trade. The November $42 puts, for example, were recently trading at $2.44, which positions investors to buy the stock at $39.56. This stance is not without risk, but at least the risk is tempered.
This is the place where the stock market and shares are traded. Corporations, ranging from small to large blue chip companies listed in the stock market. If you are medium or small capital investor, then you can do more useful Nifty Option Tips . To do this, you should get a crystal clear idea of the different options. However, Nifty option only product that can make you maximum profits.
Tips On How to Start Forex Trading
1. You can make money with Forex Trading if you are fully equipped with the knowledge and skills required in Forex trading.
2. You can make money with Forex Trading if you are committed to online currency trading since online currency trading is considered the future of Forex trading
3. Before you start in Forex trading, it is necessary for you to set up your account with a Forex broker. Choose from the best of the available Forex brokers online. Research on those who require fees which fit your budget and most especially those who are very experienced and skillful in Forex trading.
2. You can make money with Forex Trading if you are committed to online currency trading since online currency trading is considered the future of Forex trading
3. Before you start in Forex trading, it is necessary for you to set up your account with a Forex broker. Choose from the best of the available Forex brokers online. Research on those who require fees which fit your budget and most especially those who are very experienced and skillful in Forex trading.
24 Hours Trading
Forex gives its traders a 24 hour trading opportunity. Being a Forex trader, you can trade 24 hours a day from Sunday 5:00 pm (ET) to Friday 4:30 pm. This gives traders an opportunity to trade according to their convenience, going by their own schedule and also a chance to react instantly to any breaking news of the markets.
Forex Trading System Results
Forex trading is trading in a pair of foreign currencies such as the U.S. Dollar vs. the Euro. The word “Forex” is an acronym for foreign exchange. In the process of Forex trading, one currency is bought and another currency is sold in one deal. A foreign market is influenced by the supply and demand of products and services offered by another country. Depending upon the market condition the movement of one currency in relation to another is influenced.
Forex Trading System
A Forex trading system is a method of trading in foreign trade or currency using specific criteria of technical analysis. Though the foreign trade also involves purchase and sale, it is very complicated in that the commodity involved here is currency.
The behavior of one currency with respect to the movement of another currency is highly unpredictable. As a matter of fact, the unpredictability depends upon many factors like the economic condition, political situation, natural environment etc. Therefore, for a lay man sitting in one corner of the world it will be very difficult to understand the phenomenon.
It is here, that a Forex trading system comes into play. The system by means of its research and analysis provides valuable data to the person, employing the system. The findings are supported by charts and other statistical tools which helps understand the situation. The explanations with reasons and arguments enhance the understanding of the subject by the user of the system. The success of any system lies in its reasonable justification in favor of its decision and ultimately proving its recommendation. In fact, a good system explains the situation and leaves the decision to the trader to take himself.
Learn Forex Trading
Through the system of Forex trading one can learn forex trading using proven methods without having to re-invent the wheel. As already explained, Forex trading is a complicated area, where only a very few have succeeded. We have seen that a Forex trading system is a method of executing Forex trade in a systematic way using specific conditions that must be met in technical analysis. The complicated matters involved in the appreciation and depreciation of currencies in relation to another are analyzed with statistical data collected over a period of time.
The Forex market is not necessarily stable at any point of time. Nor is it moving on a straight line. Various factors affecting the price structure of a currency are analyzed in a systematic way. By this method the system offers many lessons to the practitioner of it. Learning Forex trading acquires more importance in the context of more potential opportunities it throws to the people aspiring to have a career in foreign exchange. On line trading technologies have increased the opportunities the system has created and continues to create.
Many an opportunity is missed because of lack of knowledge. Success in the business of Forex trading requires some discipline, patience, and a considerable amount of training and practical experience. The study of Forex system trading can greatly accelerate the process that otherwise relies on trial and error.
Forex Trading System
A Forex trading system is a method of trading in foreign trade or currency using specific criteria of technical analysis. Though the foreign trade also involves purchase and sale, it is very complicated in that the commodity involved here is currency.
The behavior of one currency with respect to the movement of another currency is highly unpredictable. As a matter of fact, the unpredictability depends upon many factors like the economic condition, political situation, natural environment etc. Therefore, for a lay man sitting in one corner of the world it will be very difficult to understand the phenomenon.
It is here, that a Forex trading system comes into play. The system by means of its research and analysis provides valuable data to the person, employing the system. The findings are supported by charts and other statistical tools which helps understand the situation. The explanations with reasons and arguments enhance the understanding of the subject by the user of the system. The success of any system lies in its reasonable justification in favor of its decision and ultimately proving its recommendation. In fact, a good system explains the situation and leaves the decision to the trader to take himself.
Learn Forex Trading
Through the system of Forex trading one can learn forex trading using proven methods without having to re-invent the wheel. As already explained, Forex trading is a complicated area, where only a very few have succeeded. We have seen that a Forex trading system is a method of executing Forex trade in a systematic way using specific conditions that must be met in technical analysis. The complicated matters involved in the appreciation and depreciation of currencies in relation to another are analyzed with statistical data collected over a period of time.
The Forex market is not necessarily stable at any point of time. Nor is it moving on a straight line. Various factors affecting the price structure of a currency are analyzed in a systematic way. By this method the system offers many lessons to the practitioner of it. Learning Forex trading acquires more importance in the context of more potential opportunities it throws to the people aspiring to have a career in foreign exchange. On line trading technologies have increased the opportunities the system has created and continues to create.
Many an opportunity is missed because of lack of knowledge. Success in the business of Forex trading requires some discipline, patience, and a considerable amount of training and practical experience. The study of Forex system trading can greatly accelerate the process that otherwise relies on trial and error.
Enlightened Wealth Training in Forex Trading as a Path to Freedom
We live in an age when many people have discovered the need to create more freedom of time and choices about how to live life without being perpetually enslaved to the rat race. Old concepts of being wealthy as some kind of vice or sign of greed are fading away as a new vision of wealth as a path to freedom and fulfillment are rapidly emerging. Our education system is also designed primarily to prepare people to enter the “rat race” by granting degrees for the purpose of obtaining jobs in order to make money for someone else’s business and live a life of enslavement. As more people awaken to the idea that freedom and abundance are desirable the idea of becoming an entrepreneur has become fashionable. Unfortunately most entreprenuers soon discover that they have created a new type of enslavement that is even more demanding than most jobs. No longer can they clock out and go home and forget work. Now they must continue working at night as well in order to accomplish everything necessary to create their dream of eventual freedom. When does that feedom come? For some it always remains just over the next horizon.
There are very few businesses available that can really create a life of freedom in a relatively short period of time. Forex trading is one of those few opportunities that can do this and much more. However, when a person becomes interested in Forex trading and begins searching for information, it is likely that the quest will lead to trading strategies that require long hours of work and more stress and frustration often without any results. A few Forex traders have discovered a much easier way that requires very little time, is much more reliable, easier and more profitable than what the majority of the Forex trading world is currently involved in. This path is certainly not for everyone. But for those seeking a business as a part of a vision to create financial freedom and fulfillment in life through pursuing higher things besides perpetual work, Forex trading can be the vehicle that finally solves all the shortcomings that entreprenuers experience in many other businesses
Why I Love To Do What No One Else Does in Forex Trading
Contrarian Forex Trading.
Most people are not comfortable with the idea of doing what no one else is doing. It is a part of the social insecurity that is innate in the average person. Ever since I was a child and even more so when I was a teenager I noticed that in general the people around me did not even have any interest in understanding the nature of their own beings and their purpose for existing in this universe. It was clear to me that people in general are lost and not only do not know why they exist but also they do not even seem to be interested. That is when it also became clear to me that being like every one else was not necessarily a desirable thing.
In Forex trading most people are not doing what would bring them consistent profit. In fact, most people will not even participate in the Forex trading business. I have heard many people say things like, “If that really worked everyone would be doing it.” Well I hope that the success oriented person will immediately realize what a ridiculously false statement that is. The fact is, there are an infinite number of ways that anyone could make any amount of money. And guess what? They are NOT doing these things.
Several years ago Jake Bernstein, a well known stock and commodity trading mentor, conducted surveys daily in which his company called a certain number of individual traders and asked them simply whether they were bullish or bearish. That information was converted into what is called a “sentiment indicator”. The way sentiment became useful was that a profitable trading strategy could be implemented by always trading the opposite of whatever the prevailing sentiment was. The Commitment of Traders reports that we often use in our trading strategy demonstrates the same thing. The majority of small traders will always be extremely bullish when price is at its top and they will be extremely bearish when price is at its bottom.
The same is true of the overall approach to trading. Most traders are exclusively focused on extreme short term day trading and most are trading the same currency pairs in the Forex market. Most are using similar strategies and most are consistently losing. We might be able to derive a clue from observing these facts. Could it be a good idea to do what everyone else is not doing? It has been my experience that the best way to consistently get profit in Forex trading involves an approach that is entirely different from what the vast majority of Forex traders are doing.
Forex Trading Scams Vs. What Really Works
Forex trading is becoming extremely popular these days. So is shooting craps in Las Vegas but that does not mean it is always profitable. The difficulty many people experience is they are lured by the many training programs that profess to teach the would-be Forex trader how to trade successfully. When you enter the world of Forex trading and become a customer of the Forex trading industry, it can be very difficult to know what will really work for enabling you to learn to actually get consistent profits and multiply your account. Ironically some of the most “professional” forex training courses, forex trading videos, forex seminars, and surefire Forex trading strategies do not actually produce successful businesses among their students. The reasons for this are varied. For one thing, the general approach to trading that is taught in most trading education programs is designed to benefit brokers more than traders. And practically the entire world of trading is so caught up in this general approach that they have become blinded to the insights that should be common sense.
When people first see our trading method the most difficult challenge for many is overcoming the disbelief that trading really can be this simple and yet far more profitable than what others are doing. Once you see it you will be amazed that everyone is not trading this way. It is much easier, more reliable, less risky and much more profitable. Some of our students are now in the category of the most profitable Forex traders in the world. There is no question about that and real accounts do not lie. Many of them also find it amusing to see how other traders are working so hard, spending many long hours trading and not getting nearly the amount of profit that they are easily getting themselves. This Forex trading method is definitely not for everyone. But it is definitely much easier and more profitable than anything we have seen. Interestingly, many people will always be drawn to things that are more difficult and less profitable.
Learn How to Trade Forex Using a Mobile Android Phone, Iphone and Ipad
<object style="height: 390px; width: 640px"><param name="movie" value="http://www.youtube.com/v/?version=3"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><embed src="http://www.youtube.com/v/?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"></object>
Have you ever wondered how to trade forex on an iPhone, Blackberry, Windows Mobile or Google Android phone as Samsung or Sony Ericson Experia Galaxy? Well, here's the scoop on what apps to see what works and what does not. If you spend money on a paid survey service? You can place orders through your broker of exchange on the phone you use now? Is it really? Is there trouble maintaining your business Forex trading using a mobile phone? Scott Shubert, Mastermind Trading has already done some research and testing to find out what is currently working on Android and iPhone, and what is the story of Metatrader Mobile for Android and Windows Mobile.
Using an Apple iPad compressed into a sheet or a Samsung Galaxy can improve your lifestyle as a forex trader. There are times and places for portable laptops and there are times when you can make your currency trading in a small mobile handheld device. This film is really about how to execute a Forex trading business with one of these smaller devices while you are away from your computer to create greater freedom of mobility and better quality of life
Highest Mountains in the World
Mountain Height Country Continent
Murrey Maths Trading System
Trading Guide
1. Line 8/8 и 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.
2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.
3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.
4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.
5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.
6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.
7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This leve is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.
1. Line 8/8 и 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.
2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.
3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.
4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.
5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.
6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.
7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This leve is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.
Forex Profit System
Hello traders,
My friend would like to sharing their indicators with us, double click on the picture above if you wanna know how to use this indicators.
Basic Rules :
1. bbands stop, heiken Ashi dan SEFC084
> All of this indicators should be on the same trend direction, the probabilities to get false signal is too high if you enter the market without following basic rules.
This indicators can work in any pairs that you like it.
Below is the example of pair and timeframe using :
* GBPJPY --> input change to 27 and only suitable on TF30M.
* USDJPY --> input change to 27 and only suitable on TF15M
* GBPUSD --> input change to 22 and only suitable on TF15M
* EURUSD --> input change to 22 and only suitable on TF15M
Take Profit : 20pips dan Stop Loss : 40pips or hold position until the bband stop appear.
My friend would like to sharing their indicators with us, double click on the picture above if you wanna know how to use this indicators.
Basic Rules :
1. bbands stop, heiken Ashi dan SEFC084
> All of this indicators should be on the same trend direction, the probabilities to get false signal is too high if you enter the market without following basic rules.
This indicators can work in any pairs that you like it.
Below is the example of pair and timeframe using :
* GBPJPY --> input change to 27 and only suitable on TF30M.
* USDJPY --> input change to 27 and only suitable on TF15M
* GBPUSD --> input change to 22 and only suitable on TF15M
* EURUSD --> input change to 22 and only suitable on TF15M
Take Profit : 20pips dan Stop Loss : 40pips or hold position until the bband stop appear.
Daily FX Market Outlook by AceTrader-24-6-2011
Market Review - 23/06/2011 21:33 GMT Euro rebounds as Greece reached agreement with EU and IMF on austerity plan http://www.acetraderfx.com Euro pared intra-day losses on Thursday after source indicated that Greece has reached agreement with European Union-International Monetary Fund inspectors on five-year austerity plan.
| 00:53 GMT 24 June 2011, Friday |
The single currency initially extended fall from Wednesday's New York high of 1.4442 to as low as 1.4287 in Asian morning. Later, the release of weaker-than-expected Eurozone manufacturing and services PMI in June (which came in at 52.0 and 54.2 versus the economists' forecast of 53.8 and 55.5 respectively) pressured price again at European opening and then tumbled to session low of 1.4126 in New York morning on concerns over two-day meeting of European Union leaders which would seek ways to avoid the euro area's first sovereign default before recovering in New York afternoon as Greece was reported to reach agreement on Austerity and price rebounded to about 1.4260 near New York closing.
Greek government spokesman Elias Mossialos confirmed talks concluded with European Union-International Monetary Fund inspectors on austerity plans and said 'I have just talked to the minister of finance, who reported that discussions between the government and the Troika (European Commission, European Central Bank and International Monetary Fund) have been completed and we are moving to the adoption by Parliament next week of the mid-term targets and the first implementation law'.
In euro crosses, the single currency tumbled against the Japanese yen and Swiss franc. Eur/jpy and eur/chf fell from session highs of 115.42 and 1.2070 to as low as 113.85 and a fresh lifetime low of 1.1847 respectively before rebounding to about 114.75 and 1.1950 near New York closing on Greek austerity agreement.
Earlier in the day, the US dollar strengthened broadly on Thursday on weakened U.S. economic outlook and persistent concern over Greek debt crisis prompted investors to increase holding of safe-haven assets. The dollar index, which tracks the greenback against six other major currencies, rose to session high of 75.80. Aud/usd tumbled from session high of 1.0571 to 1.0455 whilst usd/jpy and usd/cad rose sharply from 80.29 and 0.9714 to 80.80 and 0.9825 respectively.
Sterling also ratcheted lower on Thursday on US dollar's broad-based strength and cable penetrated 1.6000 level for the first time since April 1 on expectation that the Bank of England would hold interest rates steady increased after U.K. reported CBI retail sales balance dropped to the weakest in a year (-2 in June versus the economists' forecast of +10 and previous reading of +18 in May), price reached a session low of 1.5938 in New York morning before recovering.
Commodity prices also fell sharply as spot gold and silver prices retreated from $1,548.80/oz and $36.33/oz to $1,513.50/oz and $34.73/oz respectively.
European and U.S. stock markets were pressured by broad-based risk aversion. Britain's FTSE 100, France's CAC-40 and Germany's DAX fell by 1.71%, 2.16% and 1.77% respectively. Dow Jones Industrial Average once dropped by more than 200 points and eventually closed the day at 12,050, down by 59.67 points or 0.49%.
In other news, Greek opposition leader Antonis Samaras said 'government policies must be corrected; only change in policies will enable Greece to repay its debt'. Eurogroup Chairman Jean-Claude Juncker said 'we'll talk today about a second package for Greece; all conditions must be met by Greece, there is no plan B.'
On the data front, German manufacturing and services PMI in June came in at 54.9 and 58.3 versus the economists' forecast of 57.0 and 55.7 respectively. U.S. jobless claims came in at 429,000 versus economists' forecast of 415,000.
Data to be released on Friday include:
EU Ifo business climate and Ifo current accessment; U.S. durable goods, GDP annualised, GDP deflator and PCE core on Friday.
Greek government spokesman Elias Mossialos confirmed talks concluded with European Union-International Monetary Fund inspectors on austerity plans and said 'I have just talked to the minister of finance, who reported that discussions between the government and the Troika (European Commission, European Central Bank and International Monetary Fund) have been completed and we are moving to the adoption by Parliament next week of the mid-term targets and the first implementation law'.
In euro crosses, the single currency tumbled against the Japanese yen and Swiss franc. Eur/jpy and eur/chf fell from session highs of 115.42 and 1.2070 to as low as 113.85 and a fresh lifetime low of 1.1847 respectively before rebounding to about 114.75 and 1.1950 near New York closing on Greek austerity agreement.
Earlier in the day, the US dollar strengthened broadly on Thursday on weakened U.S. economic outlook and persistent concern over Greek debt crisis prompted investors to increase holding of safe-haven assets. The dollar index, which tracks the greenback against six other major currencies, rose to session high of 75.80. Aud/usd tumbled from session high of 1.0571 to 1.0455 whilst usd/jpy and usd/cad rose sharply from 80.29 and 0.9714 to 80.80 and 0.9825 respectively.
Sterling also ratcheted lower on Thursday on US dollar's broad-based strength and cable penetrated 1.6000 level for the first time since April 1 on expectation that the Bank of England would hold interest rates steady increased after U.K. reported CBI retail sales balance dropped to the weakest in a year (-2 in June versus the economists' forecast of +10 and previous reading of +18 in May), price reached a session low of 1.5938 in New York morning before recovering.
Commodity prices also fell sharply as spot gold and silver prices retreated from $1,548.80/oz and $36.33/oz to $1,513.50/oz and $34.73/oz respectively.
European and U.S. stock markets were pressured by broad-based risk aversion. Britain's FTSE 100, France's CAC-40 and Germany's DAX fell by 1.71%, 2.16% and 1.77% respectively. Dow Jones Industrial Average once dropped by more than 200 points and eventually closed the day at 12,050, down by 59.67 points or 0.49%.
In other news, Greek opposition leader Antonis Samaras said 'government policies must be corrected; only change in policies will enable Greece to repay its debt'. Eurogroup Chairman Jean-Claude Juncker said 'we'll talk today about a second package for Greece; all conditions must be met by Greece, there is no plan B.'
On the data front, German manufacturing and services PMI in June came in at 54.9 and 58.3 versus the economists' forecast of 57.0 and 55.7 respectively. U.S. jobless claims came in at 429,000 versus economists' forecast of 415,000.
Data to be released on Friday include:
EU Ifo business climate and Ifo current accessment; U.S. durable goods, GDP annualised, GDP deflator and PCE core on Friday.
EUR/USD Intra-day signal by AceTrader
Forex signal: Sell on minor recovery with stop as indicated, break wud risk stronger gain to 1.4352/57. http://www.acetraderfx.com INTRA-DAY EUR/USD OUTLOOK Last Update At 23 Jun 2011 05:35 GMT Rate : 1.4297
| |
Although 1.4286 has contained the selloff fm
y'day's high of 1.4342 n minor consolidation wud be
seen but as long as 1.4332/33 holds, aforesaid fall
to retrace upmove fm 1.4073 shud resume for re-test
said sup, below wud extend to 1.4253/54.
y'day's high of 1.4342 n minor consolidation wud be
seen but as long as 1.4332/33 holds, aforesaid fall
to retrace upmove fm 1.4073 shud resume for re-test
said sup, below wud extend to 1.4253/54.
Sell on minor recovery with stop as indicated,
break wud risk stronger gain to 1.4352/57.
break wud risk stronger gain to 1.4352/57.
Range Forecast
1.4286 / 1.4320
1.4286 / 1.4320
Resistance/Support
R: 1.4342/1.4386/1.4429
S: 1.4286/1.4253/1.4191
R: 1.4342/1.4386/1.4429
S: 1.4286/1.4253/1.4191
Daily FX Market Outlook by AceTrader 23-6-2011
Market Review - 22/06/2011 21:36 GMT The greenback rises after Fed Chairman Bernanke's post-FOMC press conference http://www.acetraderfx.com The greenback strengthened against its major counterparts after Federal Reserve Chairman Ben Bernanke quashed market's speculation on another round of quantitative easing, boosting demand for U.S. dollar as safe-haven assets. Eur/usd, gbp/usd and aud/usd retreated from session highs of 1.4442, 1.6263 and 1.0651 to 1.4342, 1.6060 and 1.0566 respectively whilst usd/jpy and usd/chf rebounded from session lows of 80.02 and 0.8340 to 80.38 and 0.8431 respectively.
| |
Federal Reserve Chairman Ben Bernanke said 'U.S. economic headwinds might be stronger, more persistent than previously thought; don't know exactly how long is the extended period for extraordinarily low interest rates; extended period is at least 2 or 3 meetings ahead; Fed projects unemployment to come down very painfully, slowly; Fed were to stimulate economy further, it could do more securities purchases, cut interest paid on bank reserves.'
Federal Reserve's Open Market Committee statements said 'U.S. economic recovery continues at moderate pace but somewhat more slowly than expected; inflation has picked up in recent months but will subside as effects of commodity, energy prices rises dissipate; to keep rates exceptionally low for an extended period, keeps Fed Fund rate in 0-0.25%'.
Earlier in the day, the single currency retreated from Asian high of 1.4419 and dropped to 1.4354 in European morning after comments from German Chancellor Angela Merkel who said 'countries such as Greece and Portugal have quite long way to go before they return to economic growth and become competitive' and release of weaker-than-expected Eurozone April industrial orders, however, buying interest there lifted price and euro ratcheted higher to 1.4442 in New York morning before easing on profit-taking ahead of Fed's rate decision, euro later fell to 1.4342 after Bernanke's press conference.
The British pound fell from Asian high of 1.6263 and later nose-dived after the release of the minutes of June 8-9 Monetary Policy Committee meeting which showed the Bank of England's Monetary Policy Committee judged the growth outlook had weakened and some members raised the possibility of future quantitative easing. Investors pushed back bets that the Bank of England would increase interest rates until after May 2012. Cable dropped to 1.6093 in New York morning and later edged lower to 1.6060 on dollar strength.
In other news, the Bank of England Monetary Policy Committee voted 7-2 to kept rates on hold at 0.5% with new Monetary Policy Committee member Ben Broadbent as expected choosing to vote with the majority and not followed the lead of his predecessor, Andrew Sentance, in calling for higher rates.
European Central Bank and European System Risk Board (ESRB) President Jean-Claude Trichet said 'most serious threat to financial stability link between vulnerabilities in public finance and banking system; debt problems have potential contagion effects across European Union and beyond; banks will disclose full size of sovereign exposure and by maturity in stress tests; the threat of the debt problems is a red warning signal for stability'.
On the data front, Eurozone April industrial orders rose by 0.7% m/m and 8.6% y/y versus the economists' forecast of 1.0% m/m and 14.2% y/y respectively.
Data to be released on Thursday include:
Swiss trade balance; Germany manufacturing and services PMI; EU manufacturing and services PMI; U.K. CBI distribution trade; U.S. jobless claims and new home sales.
Federal Reserve's Open Market Committee statements said 'U.S. economic recovery continues at moderate pace but somewhat more slowly than expected; inflation has picked up in recent months but will subside as effects of commodity, energy prices rises dissipate; to keep rates exceptionally low for an extended period, keeps Fed Fund rate in 0-0.25%'.
Earlier in the day, the single currency retreated from Asian high of 1.4419 and dropped to 1.4354 in European morning after comments from German Chancellor Angela Merkel who said 'countries such as Greece and Portugal have quite long way to go before they return to economic growth and become competitive' and release of weaker-than-expected Eurozone April industrial orders, however, buying interest there lifted price and euro ratcheted higher to 1.4442 in New York morning before easing on profit-taking ahead of Fed's rate decision, euro later fell to 1.4342 after Bernanke's press conference.
The British pound fell from Asian high of 1.6263 and later nose-dived after the release of the minutes of June 8-9 Monetary Policy Committee meeting which showed the Bank of England's Monetary Policy Committee judged the growth outlook had weakened and some members raised the possibility of future quantitative easing. Investors pushed back bets that the Bank of England would increase interest rates until after May 2012. Cable dropped to 1.6093 in New York morning and later edged lower to 1.6060 on dollar strength.
In other news, the Bank of England Monetary Policy Committee voted 7-2 to kept rates on hold at 0.5% with new Monetary Policy Committee member Ben Broadbent as expected choosing to vote with the majority and not followed the lead of his predecessor, Andrew Sentance, in calling for higher rates.
European Central Bank and European System Risk Board (ESRB) President Jean-Claude Trichet said 'most serious threat to financial stability link between vulnerabilities in public finance and banking system; debt problems have potential contagion effects across European Union and beyond; banks will disclose full size of sovereign exposure and by maturity in stress tests; the threat of the debt problems is a red warning signal for stability'.
On the data front, Eurozone April industrial orders rose by 0.7% m/m and 8.6% y/y versus the economists' forecast of 1.0% m/m and 14.2% y/y respectively.
Data to be released on Thursday include:
Swiss trade balance; Germany manufacturing and services PMI; EU manufacturing and services PMI; U.K. CBI distribution trade; U.S. jobless claims and new home sales.
