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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 19th 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: The euro climbed against the US Dollar on Tuesday with the EUR/USD breaking above its psychologically important 1.3400 level and achieving a 4 month high. Overnight, the greenback steadied as the pair consolidated within a confined range ahead of the Fed decision later today.

    After just surging above its middle Bollinger Band, consider buying the EUR/USD if price can now achieve a decisive break above 1.3420.


    USD/JPY: The ultra-safe Yen appreciated in value against the US dollar this morning with the USD/JPY dropping to challenge its lower Bollinger Band. After undergoing a minor relief rally in the last couple of hours, the USD/JPY now appears poised to weaken further.

    Execute a PUT binary option based on this pair if price plunges below 94.60.


    Gold Trading: After range-trading for most of the night, this precious metal has just undergone a sharp rally in the last hour. Gold is beginning to acquire support from anxious investors concerned about the nature of the Fed decision, scheduled to be posted later today.

    As the safe-haven appeal of gold should now help it to extend its gains further, buy bullion if a break above $1,375.20 per oz is achieved.


    GBP/USD: Cable fell during the earlier part of today’s session to probe its lower Bollinger Band. However, after being firmly rejected by this level, the pair has rallied sharply in the last couple of hours to decisively climb above its middle Bollinger Band.

    Consequently, look to initiate a CALL binary option using the GBP/USD as its underlying asset if price can now break above 1.5685.

  2. #2
    Legendry Member milos's Avatar
    Quote Originally Posted by TAllen1429 View Post
    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: The euro climbed against the US Dollar on Tuesday with the EUR/USD breaking above its psychologically important 1.3400 level and achieving a 4 month high. Overnight, the greenback steadied as the pair consolidated within a confined range ahead of the Fed decision later today.

    After just surging above its middle Bollinger Band, consider buying the EUR/USD if price can now achieve a decisive break above 1.3420.


    USD/JPY: The ultra-safe Yen appreciated in value against the US dollar this morning with the USD/JPY dropping to challenge its lower Bollinger Band. After undergoing a minor relief rally in the last couple of hours, the USD/JPY now appears poised to weaken further.

    Execute a PUT binary option based on this pair if price plunges below 94.60.


    Gold Trading: After range-trading for most of the night, this precious metal has just undergone a sharp rally in the last hour. Gold is beginning to acquire support from anxious investors concerned about the nature of the Fed decision, scheduled to be posted later today.

    As the safe-haven appeal of gold should now help it to extend its gains further, buy bullion if a break above $1,375.20 per oz is achieved.


    GBP/USD: Cable fell during the earlier part of today’s session to probe its lower Bollinger Band. However, after being firmly rejected by this level, the pair has rallied sharply in the last couple of hours to decisively climb above its middle Bollinger Band.

    Consequently, look to initiate a CALL binary option using the GBP/USD as its underlying asset if price can now break above 1.5685.
    We will see and wait FOMC statement .EURUSD is consolidated above 1.34. Mostly traders are waited...

  3. #3
    Specialist Member TAllen1429's Avatar
    Yes, I agree. The Fed decision is all important.

  4. #4
    Specialist Member marvel's Avatar
    Thank you Terry, We all wait for FOMC this evening. It will clear out many unknowns about the future FED policy changes!

  5. #5
    Specialist Member TAllen1429's Avatar
    Just for your information. I aim to achieve a win-to-loss ratio of 60% - 65% with the daily tips.

    I have found it difficult to attain better results than that using a time-frame that is less than the daily. Price action tends to be too unpredictable.

    For better ratios, I increase the time-frame to the weekly and even monthly. The better quality statistics and trading patterns
    associated with these larger time-frames can provide a foundation to generate superior win-to-loss ratios.

    You can find very good advice and tips using these longer-frames on this forum provided by number of experienced traders.

    On a different note, I do not expect any of today's tips to be activated until after the Fed announcement at 2.00pm EST

  6. #6
    Legendry Member milos's Avatar
    After FOMC statement US dollar sharply rose.

  7. #7
    Specialist Member TAllen1429's Avatar
    Yes, thanks for letting me know. I watched the Fed announcement.

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