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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 27th 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: A weak US GDP number helped the Euro to steady against the US Dollar during the night after suffering two consecutive days of losses. The EUR/USD is currently attempting to climb above its middle Bollinger Band.

    A confirmed break above this level should see the single currency strengthen further against the greenback during the course of today. Consequently, consider executing a CALL binary option based on the EUR/USD if price can climb higher than 1.3040.


    USD/JPY: This pair reversed its yesterday’s losses by climbing higher by just over 60 pips overnight. After being positively rejected by a major resistance level earlier this morning, the USD/JPY has undergone a mild corrective dip in the last couple of hours.

    However, the greenback now appears poised to strengthen further against the Yen. As such, buy the USD/JPY if price can attain a clean break above 96.40.


    Gold Trading: This precious metal attempted to pare some of its yesterday’s losses by surging higher during the night. However, price then retracted later in the session after being firmly rebuffed by a major resistance level.

    Gold has just broken assertively beneath its Middle Bollinger Band in the last couple of hours and now looks ready to weaken further. Look to initiate a PUT binary option if price plunges below $1,217.90 per oz.


    AUD/USD: The Aussie followed a very similar trading pattern to gold overnight. The pair rose during the initial part of today’s session before being emphatically rejected by its upper Bollinger Band.

    The AUD/USD subsequently dropped lower to effectively break beneath its middle Bollinger Band in the last hour or so. The Aussie is now in danger of weakening further against the greenback. Consequently, consider selling the AUD/USD if price is able to plunge beneath 0.9250.

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

    Direction: CAll at 8.34am EST
    Opening Price: 1.30363
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity

  3. #3
    Specialist Member TAllen1429's Avatar
    Well that EUR/USD trade was a complete disaster. Just after it was opened the pair plunged by almost 20 pips.

    It managed to crawl some of its way back before expiration but not enough.

    Again, this trade demonstrates the harsh realities of binary options trading. No matter what strategy you use and how good your entry conditions, as soon as your click that button, you are no longer in control as price rules the day. In other words, you do not know for certain if your trade will win or lose.

    However, you can always control the amount of your maximum loss should price advance against your positions. For example, I am now aiming to hit a 70% win-to-loss ratio with these tips. I am well on course.

    Nevertheless, I always plan for the worst case which means, that in this case of 100 trades, suffering 30 consecutive losses. By risking just 2% or less, I would still have nearly 55% of my account intact if such circumstances occurred. In contrast, risking 10% under identical conditions would leave me with only 5%.

    By adopting the first money management strategy, I provide the optimum chances for this hourly based strategy to work.

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