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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 21st 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: This pair practically traded within a tight range during the night although it eventually slipped lower by just 15 pips. In particular, the USD has strengthened slightly against the euro in the last couple of hours by achieving a clean break beneath its middle Bollinger Band.

    Consider selling the EUR/USD if it continues to fall and drops below 1.3160.


    USD/JPY: The Yen extended its losses against the greenback during the night with the USD/JPY surging higher by over 70 pips. During this process, the pair rose to challenge its upper Bollinger Band before being positively rejected by this level.

    However, after bouncing assertively against its middle Bollinger Band, the USD/JPY now looks poise to climb higher again. As such, execute a new CALL binary option based on this pair if price can surge above 98.00.


    Gold Trading: Bullion suffered a substantial decline on Thursday by crashing below its psychologically important $1,300.00 per oz level for the first time in almost three years. The precious metal has managed to pare back some of its losses this morning by tracking rising equities higher.

    Consider initiating a new CALL binary option structured on gold if price is now able to achieve a positive break above $1310.00 per oz.


    GBP/USD: The British pound slumped against the greenback overnight epitomized by Cable plunging nearly 70 pips. In the last couple of hours, the pair has plummeted sharply beneath its lower Bollinger Band.

    With further weakness now in the pipeline, look to sell this pair if a break below 1.5430 can be achieved.

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

    Direction: PUT
    Opening Price: 1.54339
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity

  3. #3
    Specialist Member TAllen1429's Avatar
    GBP/USD trade just finished 'in-the-money' at 1.54306.

  4. #4
    Legendry Member milos's Avatar
    [QUOTE=TAllen1429;8724]GBP/USD trade just finished 'in-the-money' at 1.54306.[/QUOTE
    You have excellent timing entry position although gbpusd has daily downtrend and now the currency pair is 1.53700 by my opinion expiry time it could be in for hours.
    Last edited by milos; 06-21-2013 at 05:05 PM.

  5. #5
    Specialist Member TAllen1429's Avatar
    Hi Milos,

    Yes that is a good point. I definitely hear what you are saying.
    However, I have based my intra-day strategies on the 1 hour time-frame. All the performance statistics have been gained using it.

    Deploying a different time-frame now, such as the four hours, would be a completely new ball-game.

    I might experiment at some point to see if a better win-to-loss ratio can be achieved with the 4 hour. Theoretically, it should be, because
    as your quite rightly said, that time-frame is more representative of the long term trend.

  6. #6
    Solid Member Murphy13's Avatar
    Quote Originally Posted by TAllen1429 View Post
    Hi Milos,

    Yes that is a good point. I definitely hear what you are saying.
    However, I have based my intra-day strategies on the 1 hour time-frame. All the performance statistics have been gained using it.

    Deploying a different time-frame now, such as the four hours, would be a completely new ball-game.

    I might experiment at some point to see if a better win-to-loss ratio can be achieved with the 4 hour. Theoretically, it should be, because
    as your quite rightly said, that time-frame is more representative of the long term trend.
    Yea that is fine. I know that sometimes it is possible that two opposite trades could end in the money if they have two different expirations haha You are explaining very well your ideas and I am watching closely your threads Terry Keep posting!

  7. #7
    Specialist Member TAllen1429's Avatar
    Thanks for your support, Murphy13

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