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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 26th 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: The release of a report on Thursday revealing that the US Federal Reserve intends to maintain its interest rates at historic lows for an extended period of time exerted new pressure on the US Dollar. Consequently, the EUR/USD soared higher late yesterday by over 90 pips to register a 5 week high.

    The pair has since consolidated overnight by slipping a few points to correct an overbought status. With the greenback expected to weaken further today as a result of Fed revelations, look to open a new CALL binary option using the EUR/USD as its underlying asset if price surges above 1.3300.


    USD/JPY: With the US Dollar weakening across the board, the Yen extended its gains against the US Dollar this morning for the second consecutive day epitomized by the USD/JPY plunging by over 70 pips. Investors are opting to support the ultra-safe Yen amid fresh uncertainties about the future policy intentions of the US Federal Reserve.

    After dropping to test its lower Bollinger Band within the last few hours, the pair has just undergone a minor relief rally before setting a course downwards again. As such, sell the USD/JPY following a confirmed break beneath 98.25.


    GOLD TRADING: News that the Fed plans to keep its interest rates low for the foreseeable future provided this precious metal with fresh upward impetus late yesterday. Gold rose by just over $10 per oz during Thursday’s session to place it firmly on track to record its best monthly performance in nearly 1.5 years.

    Bullion has consolidated its gains during the night by trading a restricted range. The precious metal is now expected to strengthen further today amid fresh greenback weakness. Consequently, execute a CALL binary option based on gold if a decisive break above $1,330.20 per oz can be achieved.


    GBP/USD: The British pound pushed higher against the US Dollar this morning by extending the gains it acquired yesterday. Specifically, the GBP/USD rose by 30 pips overnight as the greenback continued to weaken as a result of fresh Fed speculation.

    The pair is presently toying with its upper Bollinger Band. As such, look to buy the GBP/USD if price can sustain an assertive break above 1.5445.

  2. #2
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by TAllen1429 View Post
    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: The release of a report on Thursday revealing that the US Federal Reserve intends to maintain its interest rates at historic lows for an extended period of time exerted new pressure on the US Dollar. Consequently, the EUR/USD soared higher late yesterday by over 90 pips to register a 5 week high.

    The pair has since consolidated overnight by slipping a few points to correct an overbought status. With the greenback expected to weaken further today as a result of Fed revelations, look to open a new CALL binary option using the EUR/USD as its underlying asset if price surges above 1.3300.


    USD/JPY: With the US Dollar weakening across the board, the Yen extended its gains against the US Dollar this morning for the second consecutive day epitomized by the USD/JPY plunging by over 70 pips. Investors are opting to support the ultra-safe Yen amid fresh uncertainties about the future policy intentions of the US Federal Reserve.

    After dropping to test its lower Bollinger Band within the last few hours, the pair has just undergone a minor relief rally before setting a course downwards again. As such, sell the USD/JPY following a confirmed break beneath 98.25.


    GOLD TRADING: News that the Fed plans to keep its interest rates low for the foreseeable future provided this precious metal with fresh upward impetus late yesterday. Gold rose by just over $10 per oz during Thursday’s session to place it firmly on track to record its best monthly performance in nearly 1.5 years.

    Bullion has consolidated its gains during the night by trading a restricted range. The precious metal is now expected to strengthen further today amid fresh greenback weakness. Consequently, execute a CALL binary option based on gold if a decisive break above $1,330.20 per oz can be achieved.


    GBP/USD: The British pound pushed higher against the US Dollar this morning by extending the gains it acquired yesterday. Specifically, the GBP/USD rose by 30 pips overnight as the greenback continued to weaken as a result of fresh Fed speculation.

    The pair is presently toying with its upper Bollinger Band. As such, look to buy the GBP/USD if price can sustain an assertive break above 1.5445.
    Terry, question: I usually recommend that traders use all tips by any given trader or service because there is no way to tell which ones are winners and which are losers, by cherry picking tips you open yourself up to choosing perhaps all the losers. What do you think about this and how does it fit in with your daily tips. Enquireing minds want to know. . .

    Thanks man!

  3. #3
    Specialist Member TAllen1429's Avatar
    Hi Michael,

    I always open a tip whenever its entry conditions are met. I try to announce when that happens each time on the forum but I am afraid I miss many such instances because I am busy with
    other projects. I do not try and cherry pick but just react immediately whenever my PC alerts me.

    The biggest problem about producing daily tips at any specific time of the day is that the trading dynamics can change completely within a few hours especially if important news or events occur.

    This means that many of the tips will not be activated. I do not mind that as long as losses are minimized.

    I hope I have answered your questions.

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