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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 20th 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
    Note: Major US economic data releases due at 8.30am and 10.00am EST

    EUR/USD: The US Dollar strengthened against the Euro overnight amid strong Bernanke assertions and the release of disappointing Chinese economic data. The looming curtailment of Fed stimulus will now provide positive support to the greenback during the imminent future.

    The EUR/USD plummeted by almost 100 pips during the night and is now probing a major support line. If this level gives, then sell this pair if price breaks beneath 1.3165.


    USD/JPY: The US Dollar extended its gains against the Yen for the fifth consecutive trading day overnight by climbing over 120 pips. The pair has challenged its upper Bollinger Band in the last few hours before undergoing a mild corrective dip.

    If the USD/JPY can now surge above its overnight high, open a new CALL binary option on a definitive break above 98.35.


    Gold Trading: This precious metal has endured a torrid time since Bernanke’s press conference by plunging this morning to crash below its psychologically important level of $1,300 per oz. Bullion is now toying with its lower Bollinger Band and looks poised to weaken further.

    Consider implementing a PUT binary option if gold drops below $1,270.00 per oz.


    AUD/USD: The Aussie extended the significant losses it endured yesterday by dropping another 30 pips during the night. The pair is currently testing a major support level and appears set to suffer further declines.

    If a sustained break can now be achieved below 0.9175, then sell the AUD/USD.

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

    Direction: CALL
    Opening Price: 0.9176
    Expiry Time: 1 hour - 11.04 EST
    Payout Ratio: 80%
    Wagered: 2% of equity

  3. #3
    Specialist Member TAllen1429's Avatar
    Sorry, made a mistake, I have opened a PUT binary option based on the AUD/USD. Proper info is:

    AUD/USD tip has just been activated.

    Direction: PUT
    Opening Price: 0.9176
    Expiry Time: 1 hour - 11.04 EST
    Payout Ratio: 80%
    Wagered: 2% of equity

  4. #4
    Specialist Member LesterK's Avatar
    Quote Originally Posted by TAllen1429 View Post
    AUD/USD: The Aussie extended the significant losses it endured yesterday by dropping another 30 pips during the night. The pair is currently testing a major support level and appears set to suffer further declines.

    If a sustained break can now be achieved below 0.9175, then sell the AUD/USD.
    Great tip on Aussie! Thank you Terry! I am entering into the same Call with 4 hours duration. Let’s see what will be the outcome

  5. #5
    Specialist Member TAllen1429's Avatar
    The AUD/USD tip just crept in to close at 0.91752 producing a 'in-the-money' result.

    Your trade looks promising at the moment, LesterK, as the AUD/USD has just dropped to 0.9170. Good luck.

  6. #6
    Specialist Member LesterK's Avatar
    Quote Originally Posted by TAllen1429 View Post
    The AUD/USD tip just crept in to close at 0.91752 producing a 'in-the-money' result.

    Your trade looks promising at the moment, LesterK, as the AUD/USD has just dropped to 0.9170. Good luck.
    Thanks Terry! My trade finished in the money! Great luck and right entry point! It was 20 pips higher at close moment than opening of the call trade.

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