Results 1 to 4 of 4
  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 5th 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: The euro slipped against the US Dollar overnight as the single currency remains under growing pressure that the ECB may loosen its money easing policies later this week in order to counter falling inflation within the Eurozone. In particular, this pair declined by just over 15 pips during the last few hours.

    The EUR/USD dropped to probe a key support line before being firmly rejected by that level. After undergoing a brief rally, the pair is now heading downwards once again. Consequently, sell the EUR/USD following a decisive break under 1.3470.


    USD/JPY: The Yen acquired fresh support during the night after the Japanese central bank issued a statement disclosing that it was prepared to instigate whatever steps were necessary in order to boost its nation’s economy. This pair subsequently weakened following this announcement by plunging just over 35 pips during today’s session so far.

    As analysts are now predicting that the Yen will extend its gains further, consider implementing a PUT binary option, based on the USD/JPY, if price drops beneath 97.95.


    GOLD TRADING: The strengthening US Dollar continued to exert pressure on this metal causing the price of gold to slump by just over $4 per oz ever since the commodity markets recommenced trading a few hours ago. Bullion fell initially to probe a major support level before undergoing a corrective rally.

    As this precious metal has begun to weaken again in the last hour, commodity specialists are now predicting that it will extend its losses further today. As such, execute a binary option using gold as its underlying asset following a sustained break under $1,309.80 per oz.


    AUD/USD: This pair plunged during the earlier sector of today’s trading session after the Royal Bank of Australia refrained from introducing any new stimulus measures. The central bank also restated that it consider that the current exchange rate of its national currency remained high against the greenback.

    However, after plummeting to test a major support line, the AUD/USD has surged strongly in the last few hours helping it to recapture its psychologically important 0.9500 level. As the pair is now expected to strengthen further today, buy the AUD/USD if price surges above 0.9540.


    SILVER: The price of this commodity continued to stabilize this morning for the third consecutive day by trading sideways with a confined horizontal channel. Silver edged higher during the last few hours to challenge its middle Bollinger band before being rejected decisively by that level.

    With the correlated gold also under pressure from a strengthening US dollar, this metal is also expected to weaken during the course of today. Consequently, sell silver following a clean break beneath $20.70 per oz.

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

    No Tips were activated yesterday.

    Such an outcome can sometimes happen because the tips are created at a particular time of the day. Events can occur later, such as the release of important economic data, which can substantially change the trading dynamics of the financial markets.

    However, the main point to note is that the tips are primarily design to restrict losses as a primary objective. They can only be executed if price can acquire enough energy and momentum to decisively break below or above their advised levels. As such, whenever this objective is achieved, price then normally has enough power to advance in the favored direction and record a win.

    Essentially, our tips are created by ensuring that they comply with the following famous trading motto, which states: ‘Look after your losses and your profits will take care of themselves’.

  3. #3
    Legendry Member Michael Hodges's Avatar
    Puts on the usd/yen....that sounds scary to me....there may be short term weakness but long term Abenomics and BOJ policy will help push the yen lower....If Abe quits now, or fails to follow through, Japan will be in even worse shape than before. Abe and Kuroda, along with other ministers, have stated their support of the policy numerous times.....the BOJ has said it is waiting for next spring before implementing any new policies, perhaps they will change that stance at the next meeting which I think is next week.

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by Michael Hodges View Post
    Puts on the usd/yen....that sounds scary to me....there may be short term weakness but long term Abenomics and BOJ policy will help push the yen lower....If Abe quits now, or fails to follow through, Japan will be in even worse shape than before. Abe and Kuroda, along with other ministers, have stated their support of the policy numerous times.....the BOJ has said it is waiting for next spring before implementing any new policies, perhaps they will change that stance at the next meeting which I think is next week.
    The USD/JPY tip is just short-term in nature attempting to exploit the statement issued by the Bank of Japan overnight. A PUT option would only be activated if price broke beneath a major support line. As this pair has subsequently rallied since I produced this tip earlier today, the chances of this happening are now very remote. I agree with your analysis over the long-term.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3