Results 1 to 6 of 6
  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 8th August !!!

    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 US Dollar stabilizing against the euro this morning by trading within a well-defined horizontal channel. The greenback has spent most of the week softening epitomized by the EUR/USD extending its gains over the last four consecutive days.

    With Fed speculation exerting constant pressure on the US Dollar, this currency is expected to weaken even further across the board today. Consequently, if price can surge higher by breaking decisively above 1.3405, then execute a CALL binary option based on the EUR/USD.


    USD/JPY: After the pair succeeded in stemming its recent bearish decline on Thursday, it has recommencing weakening further today by slipping almost 15 pips. However, the USD/JPY did initially surge during the earlier part of the session before being assertively rebuffed by its upper Bollinger Band.

    The ensuing slump now sees the pair toying with its lower Bollinger Band. With Fed speculation heavily in the air, a weakening greenback should allow the USD/JPY to extend its losses today. Sell the pair if price plummets below 96.20.


    GOLD TRADING: Following an impressive bullish rally over the last two days, gold consolidated its gains by stabilizing this morning. Although this precious metal slumped immediately by $8 per oz as soon as the commodity markets reopened this morning, it has since rebounded against its lower Bollinger Band.

    As gold tends to strengthen whenever the US dollar is under pressure, commodity specialists are advising that bullion should appreciate in value again today. Consequently, activate a CALL binary option based on gold following a break above $1,314.20 per ounce.


    AUD/USD: The Aussie is continuing to extract strength from evidence produced this week that the Chinese economy is beginning to demonstrate distinctive signs of improvement. The Australian economy and currency are heavily interlinked with those of its giant neighbor and main exporter.

    The AUD/USD rose this morning so that it is presently probing a key resistance and its upper Bollinger Band. If price can now surge assertively above these levels, buy this pair on a sustained break above 0.9180.

  2. #2
    Specialist Member TAllen1429's Avatar
    Yesterday's Results:

    A ‘CALL’ Binary Option was executed, based on the GOLD, with an opening price of 1,291.41 USD per oz (8.29 EST) which posted a closing value of 1,293.35 USD per oz at expiration (9.29 EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on the AUD/USD, with an opening price of 0.91152 (10.24 am EST) which posted a closing value of 0.91105 at expiration (11.24 am EST) finishing 'out-the-money'.

  3. #3
    Senior Member Deanfx's Avatar
    That is not too bad, Terry. You finish with zero return from those two options but still the number of the activated calls and puts is too low. Do you consider trading more options per day or you are ok with that number. For me the best number of actively traded options is 5 per day. Less is not enough for me, more is too difficult to manage

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by Deanfx View Post
    That is not too bad, Terry. You finish with zero return from those two options but still the number of the activated calls and puts is too low. Do you consider trading more options per day or you are ok with that number. For me the best number of actively traded options is 5 per day. Less is not enough for me, more is too difficult to manage
    Hi Deanfx,

    As you can see, I supply 4 tips per day to the forum which takes me quite a bit of time to research and produce.

    One of the biggest problems I have is that the trading dynamics can alter drastically from the time I create the tips (about 7.30 to 8.00am EST) and later in the day.

    As such, only about 50% of the tips are activated on average. However, as the tips are especially designed to prevent losses as a top priority, the win-to-loss ratio of those that are traded is about 70%. I am hoping that breakeven days such as yesterday and Wednesday are backed by large wins as recorded on Tuesday.

    With regards to my other trading activities, I also aim to activate between 3 and 5 trades a day. I quit when I have recoded a profit for the day, albeit small sometimes.

  5. #5
    Legendry Member milos's Avatar
    Terry your recommendation is mostly won.

  6. #6
    Active Member rockettrader's Avatar
    I also have such habit to trade till I have a profit for the day, even a small one. This helps me a lot to stay on a positive track. However it is a bit tricky to manage such trading with different number of trades per day.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3