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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 9th 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


    EUR/USD: Encouraging news was issued from Greece overnight stating that it had successfully formulated a deal enabling it to receive badly needed financial aid. The euro rallied against the US Dollar as a direct consequence of this upbeat development so that the EUR/USD probed a major resistance level earlier this morning.

    However, after being assertively rejected by that level, the EURUSD has just plunged below its middle Bollinger Band in the last hour or so. With further weakness on the cards, open a PUT binary option if price can now break beneath 1.2825.

    USD/JPY: A promising start to the new US corporate earnings season helped the US Dollar to strengthen this morning against the Yen exemplified by the USD/JPY climbing by over 30 pips. The pair is currently toying with its upper Bollinger Band.

    As analysts are predicting that the greenback will extend its gains against the Yen today, look to buy the USD/JPY if a decisive break above 101.45 is achieved.


    GOLD TRADING: This precious metal continued to rally for the second consecutive day after China posted encouraging inflation data which helped bolster bullion’s image as a hedge against global price instabilities. Gold surged immediately at the start of the commodities markets this morning to emphatically surge above its upper Bollinger Band.

    Although a mild corrective dip has occurred in the last couple of hours, gold now appears poised to strengthen further. Consequently, execute a new CALL binary option structured on gold if a sustained break above $1,255.20 per oz can now be accomplished.


    GBP/USD: Sterling rallied initially against the US Dollar during the early part of today’s session enabling the GBP/USD to challenge its upper Bollinger Band. However, economic indicators were then published his morning disclosing that British manufacturing activity had surprisingly slumped during May and that the UK trade deficit had increased.

    As such, the GBP/USD subsequently crashed in the last few hours by plunging over 130 pips to break beneath a major support level. Sell this pair if price can now drop under 1.4830.

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


    Direction: PUT at 10.31 am EST

    Opening Price: 1.48196
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity
    Last edited by TAllen1429; 07-09-2013 at 03:47 PM.

  3. #3
    Specialist Member TAllen1429's Avatar
    The EUR/USD tip was also activated about 10.20am with a opening value of 1.2821.

    Was too busy at that time to post the message

  4. #4
    Specialist Member TAllen1429's Avatar
    Sorry for the mistake but the above GBP/USD trade was a PUT and not a CALL.

    The EUR/USD was a PUT as well.

  5. #5
    Specialist Member TAllen1429's Avatar
    The EUR/USD closed at 1.27756 at 11.20 am EST producing an 'in-the-money result.

    The GBP/USD posted 1.48282 finishing 'out-of-the-money'

  6. #6
    Legendry Member milos's Avatar
    Quote Originally Posted by TAllen1429 View Post
    The EUR/USD closed at 1.27756 at 11.20 am EST producing an 'in-the-money result.

    The GBP/USD posted 1.48282 finishing 'out-of-the-money'
    Today's your success rate was 50/50.But I was watching charts currency pair GBPUSD AND EURUSD at the same time.While the pound was rising against the dollar Euro was falling against the dollar.I was confused...

  7. #7
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by milos View Post
    Today's your success rate was 50/50.But I was watching charts currency pair GBPUSD AND EURUSD at the same time.While the pound was rising against the dollar Euro was falling against the dollar.I was confused...
    Hi Milos. The difference in the performances of the GBP/USD and EUR/USD also had me puzzled. As the EUR/USD fell rapidly. I was convinced that the GBP/USD would do the same.

    I was going to research into the matter at the time but had a major deadline to attend to so was no able to do so.

    I was aware the the GBP was under pressure earlier during the session because of the following:

    'Economic indicators were then published his morning disclosing that British manufacturing activity had surprisingly slumped during May and that the UK trade deficit had increased.
    As such, the GBP/USD subsequently crashed in the last few hours by plunging over 130 pips to break beneath a major support level'.

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