August 2009 ~ DoDear Club

Monday, August 31, 2009

Pagani Zonda R

This monster is called Pagani. It was originally developed by the same people that were working for Lamborghini, but they developed their own independent project and celled it Pagandi. This monster equipped Mercedes-AMG CLK GTR 6.0-litre V12 engine , and it produces 551kW (750 hp) @ 8,000 rpm and a maximum torque figure of 710Nm. As you can see this car not only looks nice, but it preform nice too!The Zonda R is born with full liberty. The target:...

Overview of Islamic Banking

5:07 AM forex No comments

Islamic EconomicsIslamic banking is based on the principles of Islamic economics — an economic framework in accordance with Islamic law (Sharia'h).There are two types of Islamic economics:* Caliphate , the Islamic form of government representing the political unity and leadership of the Muslim world (Islamic political framework)* Assuming the political framework is non-Islamic, therefore, seeking to integrate some prominent Islamic tenets into a secular economic frameworkCaliphate is the absolute Islamic rule, thus the economy focuses on distribution...

Bai Salam - Features & Conditions

5:07 AM forex No comments

Bai salam Bai salam means a contract in which advance payment is made for goods to be delivered later on. The seller undertakes to supply some specific goods to the buyer at a future date in exchange of an advance price fully paid at the time of contract. It is necessary that the quality of the commodity intended to be purchased is fully specified leaving no ambiguity leading to dispute. The objects of this sale are goods and cannot be gold, silver, or currencies based on these metals. Barring this, Bai Salam covers almost everything that is capable...

Terminologies of Islamic Banking

4:59 AM forex No comments

Bai' al-inah (sale and buy-back agreement) The financier sells an asset to the customer on a deferred-payment basis, and then the asset is immediately repurchased by the financier for cash at a discount. The buying back agreement allows the bank to assume ownership over the asset in order to protect against default without explicitly charging interest in the event of late payments or insolvency. Some scholars believe that this is not compliant with Shariah principles. Bai' bithaman ajil (deferred payment sale) This concept refers to the sale...

Shariah Advisory Council/Consultant

4:39 AM forex No comments

slamic banks and banking institutions that offer Islamic banking products and services (IBS banks) are required to establish a Shariah Supervisory Board (SSB) to advise them and to ensure that the operations and activities of the bank comply with Shariah principles. On the other hand, there are also those who believe that no form of banking can ever comply with the Shariah. In Malaysia, the National Shariah Advisory Council, which additionally set up at Bank Negara Malaysia (BNM), advises BNM on the Shariah aspects of the operations of these institutions...

Islamic Banking - Defination

4:38 AM forex No comments

Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the payment of fees for the renting of money (Riba, usury) for specific terms, as well as investing in businesses that provide goods or services considered contrary to its principles (Haraam, forbidden). While these principles were used as the basis for a flourishing economy in earlier times, it is only in the late 20th century...

Analysis EURUSD 082809

5:51 AM forex No comments

Trade NotebookCurrency Pair : EUR/USD Date: Thursday, August 28, 2009HourlyElliott Wave:There is a clear 5 wave up movement that stopped against a long term trendline and possibly truncated the fifth wave.Classic:A lower high found resistance at 1.44 possibly causing a reversal. Also, it could be considered a double top at the resistance lin ethere since Sept. ’08.DailyComment:Elliott Wave: An expanding wedge might be forming, with a truncated fifth...

INDIAN NICE SONG SALMAN KHAN AND PRITY ZIENTTA

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Kyon Ki Itna Pyaar

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Hum Dil De Chuke Sanam

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Duniya mein kitni hai nafrate-MOHABBATEIN

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Sun zarra - salman khan

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Kalyug - zuda hoke bhi

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Sach keh raha hai deewana

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Toh phir aao-awarapan

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tanhayee (dil chahta hai)

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tanhayee (dil chahta hai)

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bhula deenge tum ko sanam dheere dheere-hkdkg

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tadap tadap ke-hum dil de chuke sanam

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Aye Khuda tu ney Muhabbat yeah

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Aye Khuda tu ney Muhabbat yeah

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eurusd 082009

3:11 AM forex No comments

Trade NotebookCurrency Pair : EUR/USD Date: Thursday, August 20, 2009Bullish viewElliott Wave:Here we have a double zigzag with lots of potential to go to the upside. It would still be a wave C and should not go past the 1.60 top.Classic:The trendline that has been holding since Feb is still holding and prices bounced off indicating short term strength. Bearish viewComment:Elliott Wave: A leading diagonal could be forming, but also a start of a...

3:03 AM forex No comments

Trade Update - August 18, 2009Currency Pair : EUR/USDStatus: Closed out. EURUSD seems to be moving in 3's and is unable to break through the lower trendline. Best is to close out now and wait for further development. Trading is dynamic and the market always changes. Best is to take profit when the market makes it available to you. When it is about to close the window of opportunity, it is best to take profit and wait for the next opportunity.Comment:Elliott...

Dow Analysis 81209

2:54 AM forex No comments

Dow Jones ChartBack in February I did a number of Dow Jones analysis’ where I predicted the temporary bottom of 7000, it actually went to 6500. Since then we have seen an uptrend, but very important, the uptrend cannot be counted as an impulse. It is a correction and most likely an WXY double zigzag correction. The prediction in February was a Dow back to 9500-10000 area. That is happening as we speak, we are already at the bottom of the target area...

Trade update eurusd 081209

2:47 AM forex No comments

Trade UpdateCurrency Pair : EUR/USD Comment:Elliott Wave: Trading is dynamic and things change. It appears to be an irregular bottom here, or better known as “expanded flat” where wave b exceeds the bottom of wave 5. The problem with this structure is that there in no real good guideline to determine where wave c is going to land. It could be anywhere. As a guideline wave c=a*1.38, but could also be a*2.0 or anything in between. Since we don’t know...

analysis eurusd 080909

2:39 AM forex No comments

EURUSD AnalysisCurrency Pair : EUR/USD August 9, 20091-hour Comment:Elliott Wave: The 4h chart is not as clear as the weekly or the hourly chart. Price was unable to penetrate the 61.8% resistance @1.46 and stalled at 1.4445 where a double top was formed. I am now waiting for confirmation in form of a 5 wave decline and 3 wave up. But the fact that in wave 5, the territory of wave 1 was violated, gives me confidence that we are dealing with a reversal....

Update GBPUSD

2:38 AM forex No comments

Update on the GBPUSD trade: Closed out all positions. The current wave structure is not clear. We could have a wave 3 top with potential for another run up, or we could have a long term top at 1.70. The indicators are bearish and eventhough we might get a run up, it is unlikely that this week a new top will be set. The risk has increased to hold on to this trade much longer. result: Entry 1.6590 TP1 @ 6850 = 260 pips TP2 @ 6850 = 260 pips TP3...

GBPUSD update

2:37 AM forex No comments

Here is an update on the GBPUSD trade from Friday. Entry was as 6590. I deviated from the plan and took 2 lots out at 1.6850. Moved stop to b/e on the 3rd lot. Profit now 520 pips. Reason is that 3rd wave is close to its extension max and the target of 1.70 was above the 1.618 extension of wave...