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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 5th July !!!

    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
    Major US economic data is scheduled for release at 8.30am EST.


    EUR/USD: The euro plunged against the US dollar yesterday after the European Central Bank informed the markets that it intended to maintain its benchmark interest rate low for the foreseeable future. The EUR/USD crashed by over 130 pips during Thursday’s session.

    The pair has drifted slightly lower during the night as investors are now eagerly awaiting the publication of all-prevailing US labor reports later this morning. The EUR/USD is currently toying with its lower Bollinger Band. Sell the pair on a confirmed break beneath 1.2845.


    USD/JPY: The greenback strengthened against the Yen during the earlier part of today’s session to challenge its upper Bollinger Band. However, after being assertively rebuffed by this level; the USD/JPY plummeted by over 30 pips so that it is presently stalking its lower Bollinger Band.

    With signs beginning to appear that the US dollar is starting to reassert itself, look to execute a new CALL binary option, constructed on the USD/JPY, if price breaks above 100.32.


    GOLD TRADING: When the commodities markets reopened this morning, bullion immediately plummeted by over $15 per oz to probe its lower Bollinger Band. Although the precious metal has undergone a minor corrective rally in the last hour, it now appears vulnerable to further weakness.

    Consequently, consider initiating a new PUT binary option if price can now sustain a clean break below $1,227.80 per oz.


    GBP/USD: The British pound extended its losses against the US Dollar during the night epitomized by the GBPUSD slumping by another 50 pips to drop beneath its psychologically important level at 1.5000.

    After testing its lower Bollinger Band, the pair has just undergone a mild corrective rally. With further weakness in the air, sell the GBP/USD if a decisive break below 1.4935 can be achieved.

  2. #2
    Specialist Member TAllen1429's Avatar
    In recent hours, investors have adopted a more cautious outlook as they await the release of vitally important US labor reports, scheduled to be published at 8.30am EST. The posting of the US non-farm payrolls (NFP) and US unemployment rate could be pivotal events as their results could dramatically influence the timing when the US Federal Reserve will commence trimming back its dominating monthly asset purchasing program.

    As the Fed’s assertive stimulus measures have propelled the markets to historical highs during 2013, any definitive signs of a potential slowdown could now generate a significant corrective dip in equities. Economists are forecasting that the NFP number will disclose a decline in June by falling to 160K compared to 175K in May. In contrast, they are predicting an improvement in the unemployment rate which they expect to drop from 7.6% in May to 7.5% last month.

  3. #3
    Specialist Member TAllen1429's Avatar
    EUR/USD tip has just been activated.

    NFP was much better than expected at 195K. US dollar on a surge.
    Not a very good opening value as price has retracted sharply after initial dip.
    Still, keep hoping.


    Direction: PUT at 8.32 am EST
    Opening Price: 1.28145
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity

  4. #4
    Specialist Member TAllen1429's Avatar
    Gold, GBP/USD and USD/JPY tips have all been activated and are well 'in-the-money' at moment.

  5. #5
    Specialist Member TAllen1429's Avatar
    EUR/USD finished at 1.28364 - out-of-the-money
    Gold closed at $1,218 - in-the-money
    USD/JPY closed at 100.73 - in-the-money
    GBP/USD closed at 1.4905 - in-the-money

    Entered the EUR/USD at a poor level as I was trying to open the other tips at the same time. PC was binging with so many alarms, I slightly panicked - lol. This is why I do not recommend novices attempting to trade more than one tip at a time especially during high volatility such as that which has occurred in last hour or so.

    Still not a bad result. Very pleasing in fact.

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