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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 1st November !!!

    Recommendations:

    Use an expiry time of 1 hour plus.
    Risk no more than 2% of your account balance.
    Tips are tradable until 4.00pm EST today.
    The USA is scheduled to release important economic data at 10am EST.


    EUR/USD: After registering its biggest daily decline in six months against the US Dollar on Thursday, the euro weakened further overnight exemplified by this pair plummeting by over 70 pips. The single currency came under extensive pressure yesterday after inflation in the Eurozone fell to its lowest level in nearly four years.

    This result immediately increased speculation that the European Central Bank may start trimming its stimulus policies in the imminent future. After just breaking below a key support line, the EUR/USD now looks set to extend its losses further today. As such, sell this pair following a clean break under 1.3490.


    USD/JPY: The release of encouraging economic data from China during the night helped the Yen to rally strongly against the greenback during the initial part of today’s trading session. This pair plunged to break beneath an important support line and to probe its lower Bollinger Band.

    However, after being firmed rebuffed by that level, the USD/JPY surged higher to pare nearly all of its previous losses. With further greenback strength now expected today, initiate a CALL binary option using this pair as its underlying asset if price can climb above 98.50.


    GOLD TRADING: This precious metal continued to slide this morning after enduring substantial losses on Thursday. Gold is currently experiencing extensive pressure amid a strengthening US Dollar, the posting of impressive US economic data and month-end profit taking.

    This commodity has slumped by just over $7 per oz since it recommenced trading a few hours ago. After just falling beneath a major support level, further weakness now appears to be in the pipeline. Consequently, sell gold if its price plunges under $1,309.80 per oz.


    AUD/USD: The Australian dollar received a substantial boost in support following the publication of impressive economic data from its giant neighbor, China, disclosing a surge in growth in its manufacturing output. However, after rebounding against its upper Bollinger Band, this pair subsequently plummeted to break below its middle band in the last few hours.

    If this level now holds, then the AUD/USD is expected to weaken further today. As such, execute a PUT binary option, based on this pair, following an assertive drop beneath 0.9430.


    SILVER: This metal extended the substantial losses it suffered yesterday by slumping even further this morning. The price of silver has dropped by nearly 20 cents per oz since the commodity markets recommenced business a few hours ago.

    This commodity is presently tracking its lower Bollinger Band lower. As analysts are now predicting additional weakness during the course of today, sell silver if price drops below $21.50 per oz.

  2. #2
    Specialist Member TAllen1429's Avatar
    Yesterday's Results

    A ‘PUT’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.36397 (9.22am EST) which posted a closing value of 1.36158 USD at expiration (10.22am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,327.796 USD per oz. (8.08am EST) which posted a closing value of 1,326.893 USD per oz. at expiration (9.08am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on Silver, with an opening price of 21.898 USD per oz. (12.17 EST) which posted a closing value of 21.875 USD per oz. at expiration (13.17 EST) finishing 'in-the-money'

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