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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 12th 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.
    Trade just one Tip at a time

    EUR/USD: After extending its gains for three consecutive days on Tuesday, the pair has retracted overnight with the EUR/USD falling by just over 20 pips. The pair is testing its lower Bollinger Band at present.

    If price is now able to drop decisively below 1.3260, then execute a PUT binary option based on the EUR/USD.

    USD/JPY: After recording its largest decline in over 3 years amid BoJ uncertainties, this pair has undergone a modest rally overnight by climbing over 30 pips. In the last couple of hours, the USD/JPY has retracted and rebounded against its middle Bollinger Band.

    Consequently, consider buying this pair if price can now surge above 97.18.

    Gold Trading: A strengthening US Dollar caused this precious metal to pare back the gains it recorded yesterday. Bullion is presently challenging its lower Bollinger Band and looks set to decline lower.

    As such, consider opening a new PUT binary option based on gold if price slumps below $1.370.80 per oz.

    AUD/USD: The Aussie extended the increases against the US Dollar that it achieved on Tuesday by climbing within a well-defined bullish channel overnight. The AUD/USD rose by almost 90 pips this morning and is now testing its upper Bollinger Band.

    Buy this pair if price is now able to break above 0.9590.

  2. #2
    Specialist Member TAllen1429's Avatar
    No tips have been traded today.

    When I produced the tips earlier this morning there was US Dollar strength prevailing. However, a couple of hours later this trend reversed as equities and the greenback weakened amid persistent Central bank worries.

    However, as I aim to design the tips so that they are only activated if price gains enough momentum to surge through their entry points, I am not duly concerned. This is because my prime mission is to minimize losses and to open just quality positions whenever possible. There is always tomorrow.

    On another note, I find it a concern that the entire world's economy seems totally reliant on the massive stimulus props provided by the Global central banks, especially the Fed. After 5 years since the 2008 crisis, as any progress really been made? If my info is correct, the FED has almost tripled its balance sheet in that time so that it is now over $3 Trillion. $100 does not get you much is US supermarkets these days because of inflationary impacts. Are we all doomed? Does anyone have any cheery insights?

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