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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Monday 4th 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.


    EUR/USD: After registering two consecutive days of significant losses, the euro managed to stem the rot overnight by undergoing a corrective rally against the US Dollar. The pair climbed within the last few hours so that it is currently testing its upper Bollinger Band.

    However, the single currency is still experiencing intense pressure amid growing expectations that the ECB will cut its interest rate soon. As such, currency specialists are predicting further euro weakness as this week unfolds. As such, sell the EUR/USD following a confirmed break beneath 1.3450.


    USD/JPY: This pair consolidated the sizeable gains that it captured last Friday by trading sideways during the night within a restricted horizontal channel. The US dollar is now expected to strengthen further against the Yen during this week as it is acquiring fresh support amid expectations that the Fed will commence curtailing its influential stimulus polices before March of 2014.

    Consequently, consider opening a new CALL binary option using the USD/JPY as its underlying asset if price can accomplish a sustained break above 99.00.


    GOLD TRADING: After recording a peak value last Wednesday, this commodity plunged over the two subsequent trading days. The price of gold weakened amid a strengthening US Dollar, month-end profit taking and the publication of better-than-expected US economic data.

    Bullion succeeded in stabilizing this morning by climbing almost $3 per oz since the commodity markets reopened for business a few hours ago. However, after undergoing this corrective rally, gold is now beginning to weaken again. As such, sell this metal if price slumps under $1,310.55 per oz.


    AUD/USD: The Aussie received a boost in support overnight after economic data was issued by Australia disclosing that its retail sales had increased during September at a faster pace than analysts had predicted. This pair rallied strongly following this announcement by surging higher by slightly over 50 pips regaining its psychologically important 0.9500 handle in the process.

    After just performing a corrective dip in the last few hours to address an overbought status, the AUD/USD has now begun to climb upwards again. Consequently, execute a CALL binary option, structured on this pair, following an assertive surge above 0.9535.


    SILVER: The strong US Dollar continued to exert pressure on this commodity this morning causing it to slump by just over 15 cents per oz ever since trading recommenced a few hours ago. Silver dropped to challenge its lower Bollinger Band before being firmly rejected by that level in order to correct an oversold status.

    After undergoing a corrective rally in the last few hours, this metal has now recommenced its downward path. As such, sell silver if its price slips under $21.50 per oz.

  2. #2
    Specialist Member TAllen1429's Avatar
    Last Friday's Results

    A ‘PUT’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.34897 (10.51am EST) which posted a closing value of 1.34854 USD at expiration (11.51am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on USD/JPY, with an opening price of 98.505 (9.36am EST) which posted a closing value of 98.774 USD at expiration (10.36am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on AUD/USD, with an opening price of 0.94298 (10.50 am EST) which posted a closing value of 0.94359 at expiration (11.50am EST) finishing 'out-of-the-money'.

    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,309.796 USD per oz. (10.02am EST) which posted a closing value of 1,307.812 USD per oz. at expiration (11.02am EST) finishing 'in-the-money'.

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