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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 8th 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 publish its non-farm payroll figure at 8.30am EST


    EUR/USD: The single currency plummeted to record its lowest levels against the US Dollar since last January on Thursday. The euro came under intense pressure after the ECB cut its benchmark interest rate and Standard & Poor revised its sovereign credit rating for France lower from AA+ to AA.

    The EUR/USD has managed to stabilize during the night following these dramatic events by trading sideways within a tight range. Analysts are now expecting that the euro could weaken further today dependent on the release of the US labor report. As such, sell the EUR/USD if price slumps beneath 1.3380.


    USD/JPY: Similar to most other major currency pairs, the Yen traded within a confined channel against the US Dollar overnight as investors prepared themselves for the publication of the US non-farm payrolls later this morning. The pair endured a very volatile session on Thursday after it initially surged higher following the posting of the promising GDP figure only to later pare all its gains plus more.

    During the night the USD/JPY has recaptured its psychologically important 98.00 handle by breaking above its middle Bollinger Band. If this level can now hold, open a CALL binary option, constructed on this pair, following a surge above 98.50.


    GOLD TRADING: Following a significant decline on Thursday, this precious metal regained its posture overnight. The price of gold gapped upwards by almost $5 per oz as soon as it commenced trading earlier this morning.

    However, this commodity could now face further losses especially if the US labor report is better-than-expected. Revived speculation that the Fed could commence curtailing its massive stimulus support during 2013 will exert fresh pressure on this metal. Consequently, activate a PUT binary option, based on gold, if price drops under $1304.35 per oz.


    AUD/USD: This pair extended the extensive losses it suffered on Thursday by plunging lower during the earlier part of today’s session. However, the Aussie subsequently rallied to challenge its upper Bollinger Band.

    After being decisively rejected by that level, the AUD/USD has just plummeted during the last few hours to break below its middle Bollinger Band. Further greenback strength is anticipated if price can now plunge under 0.9420.


    SILVER: The directional movements of this commodity today will, without doubt, be dominated by the posting of the US labor report later this morning. So far, the price of silver has managed to stem the substantial losses it suffered on Thursday by rallying by just over 10 cents per oz since the markets reopened a few hours ago.

    However, commodity specialists are presently predicting that this metal could extend its losses further today if the greenback acquires fresh momentum following the release of a strong NFP figure. As such, consider selling silver if price slumps under $21.30 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 1.34881 (7.47am EST) which posted a closing value of 1.33528 USD at expiration (8.47am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on USD/JPY, with an opening price of 98.954 (8.09am EST) which posted a closing value of 99.205 USD at expiration (9.09am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on AUD/USD, with an opening price of 0.94547 (9.48 am EST) which posted a closing value of 0.94559 at expiration (10.48am EST) finishing 'out-of-the-money'.

  3. #3
    Specialist Member pinoyoptions's Avatar
    Thanks for the TIPS sir Tallen, I am also waiting for NFP result.

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by pinoyoptions View Post
    Thanks for the TIPS sir Tallen, I am also waiting for NFP result.
    Hi pinoy,

    Yes, that is the dominating factor. Quite hard to produce the tips today without knowing that result. Still, should be very interesting as volatility should rocket up and we should get some real price action.

  5. #5
    Specialist Member pinoyoptions's Avatar
    Yeah I am afraid now coz I attempted to take 2 position in 1 week expiration, Today is my verdict ... I hope it will not reverse heavily if NFP turns to negative result. And when it happen I have to sell my position immediately. 33 minutes left.

  6. #6
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by pinoyoptions View Post
    Yeah I am afraid now coz I attempted to take 2 position in 1 week expiration, Today is my verdict ... I hope it will not reverse heavily if NFP turns to negative result. And when it happen I have to sell my position immediately. 33 minutes left.
    How did you get on after the release of the good NFP?

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