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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 6th 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: This pair stemmed yesterday’s losses by rallying almost 50 pips during the night. The euro was boosted by growing speculation that the Fed could prolong its massive stimulus support. The single currency acquired further support from the short covering actions of a number of European banks ahead of the ECB decision tomorrow.

    The EUR/USD climbed initially during the session to break above a major resistance line and test its upper Bollinger Band. After retracting in the last few hours to address an overbought status, the pair is now heading higher. As such, buy the EUR/USD if price can climb above 1.3550.


    USD/JPY: The Yen proceeded to trade practically sideways against the US Dollar during the night as investors prepared for major market moving events scheduled for Thursday and Friday. The pair did surge upwards initially to challenge a key resistance line before being assertively rebuffed by that level.

    The USD/JPY subsequently plunged to pare all of its gains so that it is presently hovering above its middle band. If this level can now hold, open a CALL binary option using the USD/JPY as its underlying asset following an upside break above 98.90.


    GOLD TRADING: Increasing prospects that the Fed and the ECB may prolong their monetary easing policies helped bolster this precious metal this morning. The price of gold has now surged by almost $10 per oz since the commodity markets reopened for business a few hours ago.

    After breaking above a key resistance level, bullion is presently tracking its upper Bollinger Band higher. Analysts are now expecting gold to extend its gains albeit after a minor dip to correct an overbought status. As such, buy this commodity if price surges above $1,325.20 per oz.


    AUD/USD: The release of a spate of better-than-expected economic data by Australia helped the AUD to climb against the US Dollar this morning. The pair rallied by just over 30 pips to record a fresh weekly high by break above an important resistance level.

    After retracting slightly during the last few hours to resolve an overbought status, the AUD/USD has now recommenced its journey upwards. Consequently, activate a CALL binary option, constructed on this pair, following a decisive break above 0.9550.


    SILVER: This commodity tracked the directional movements of the highly correlated gold by climbing higher this morning. Following a three-day consolidation period, the price of silver soared by almost 25 cents per oz immediately it recommenced trading a few hours ago.

    After rising to probe its upper Bollinger Band, this metal has just undergone a minor corrective retraction. With further silver gains now in the pipeline, consider buying it if price can now climb above $22.20.

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

    Both of these results were very close results and could have easily ended OTM.

    A ‘PUT’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.34698 (8.21am EST) which posted a closing value of 1.34689 USD at expiration (9.21am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,309.797 USD per oz. (9.56am EST) which posted a closing value of 1,309.312 USD per oz. at expiration (10.56am EST) finishing 'in-the-money'.

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