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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tues 11th June !!!

    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 single currency extended its yesterday’s gains against the weakening US Dollar overnight with the EUR/USD climbing by just over 30 pips. The pair is now testing a major resistance level.

    Consequently, consider executing a CALL binary option based on the EUR/USD if price cleanly breaks above 1.3300.

    USD/JPY: A surprising lack of commitment by the Bank of Japan to support its current stimulus programs caused the greenback to crash against the Yen overnight. The USD/JPY plunged by nearly 200 pips as a direct result of this strange indecision.

    Currently, the pair is challenging its lower Bollinger Band. As such, look to open a new PUT option on a confirmed break beneath 96.25.

    Gold Trading: The price of this precious metal slumped during the earlier part of today’s session. However, gold has rallied in the last couple of hours as it has acquired support from a weakening US Dollar.

    After positively rebounding against its lower Bollinger Band, bullion now looks set to climb higher. Consider buying gold if price climbs above $1,380.00 per oz.

    GBP/USD: This pair fell overnight to test its lower Bollinger Band before being firmly rejected. The US Dollar now looks set to weaken further as it tracks falling equities.

    Consequently, look to activate a CALL binary option if price surges above 1.5580.

  2. #2
    Specialist Member TAllen1429's Avatar
    GBP/USD tip has just been activated.


    Direction: CALL
    Opening Price: 1.5585
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity

  3. #3
    Legendry Member milos's Avatar
    Click image for larger version. 

Name:	eurusd 1.jpg 
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ID:	533

    You are right.

  4. #4
    Master Member Bogdan G's Avatar
    Quote Originally Posted by milos View Post
    Click image for larger version. 

Name:	eurusd 1.jpg 
Views:	4 
Size:	67.3 KB 
ID:	533

    You are right.
    What kind of MAs are those? They seem pretty good.

  5. #5
    Master Member Bogdan G's Avatar
    Quote Originally Posted by TAllen1429 View Post
    GBP/USD tip has just been activated.


    Direction: CALL
    Opening Price: 1.5585
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity
    Nice one Terry! Btw, GREAT to have you back

  6. #6
    Veteran Member Dan21's Avatar
    Hi, Terry!

    EUR/USD is already trading sideway down. I think it won’t break the 1.33 barrier soon, as there are signs of trend reversal in this pair.

    For USD/JPY my predictions are mixed. We already have some contradictory signals from the Bank of Japan. The Yen will eventually continue to depreciate in the future, but the Japanese politics don’t want to see it happen so fast. So maybe it will be much slower than we already saw and with some bigger corrections.

    Gold continue its plunge down and there is still no really visible demand to support the price, so put options are still appropriate.

  7. #7
    Specialist Member TAllen1429's Avatar
    Cheers, Bogdan. I am also into interested in Milo's MAs.

    Thanks for your insights, Dan

    Conditions changed quickly soon after I produced the tips as volatility is high.

    For example, the GBP/USD rose sharply in the last 60 minutes activating the tip.

    I am just looking to open new binary options after price has attained enough momentum in the selected direction.

  8. #8
    Legendry Member Michael Hodges's Avatar
    I think the reaction to the BOJ is way overblown. They didn't fail to support stimulus, they failed to add any more. They are still purchasing assets and still have a long term outlook for their stimulus plan. I believe, and I could be very wrong, that the this is a buying time for one week and one month calls. What do you think Terry?

  9. #9
    Specialist Member TAllen1429's Avatar
    Hi Michael,

    I think that as the markets are currently very sensitive to the activities of the global central banks, nervous investors can quickly over-react to any doubtful signs pertaining to the banks' monetary easing commitment.

    The major point to me is the high volatility resulting from Fed, ECB and BoJ, etc. uncertainties as displayed by the markets today.

    That is why I am looking for entry conditions for the tips that will only occur if price gains enough momentum to surge through them.

    Great!

    The GBP/USD trade closed at 1.5620 and finished 'in-the-money'. I collected a payout of 80% profit.

  10. #10
    Legendry Member milos's Avatar
    Quote Originally Posted by TAllen1429 View Post
    Hi Michael,

    I think that as the markets are currently very sensitive to the activities of the global central banks, nervous investors can quickly over-react to any doubtful signs pertaining to the banks' monetary easing commitment.

    The major point to me is the high volatility resulting from Fed, ECB and BoJ, etc. uncertainties as displayed by the markets today.

    That is why I am looking for entry conditions for the tips that will only occur if price gains enough momentum to surge through them.

    Great!

    The GBP/USD trade closed at 1.5620 and finished 'in-the-money'. I collected a payout of 80% profit.

    Gbpusd for now is below 1.56 .We will see.but it is good your idea.
    Attached Thumbnails Attached Thumbnails gbpusd.jpg  
    Last edited by milos; 06-14-2013 at 12:21 AM.

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