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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 14th 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
    USA is scheduled to post important economic data at 8.30am EST.


    EUR/USD: The US dollar strengthened again against the Euro overnight by extending its gains for the fourth consecutive day. Despite upbeat economic data released by Europe this morning, the greenback still managed to acquire fresh support from the release of a better-than-expected US retail sales figure on Tuesday.

    The EUR/USD did initially climb to challenge its upper Bollinger Band before being firmly rejected by that level. In the last hour or so, the pair has plunged so that it is now testing its lower Bollinger Band. Consequently, consider executing a new PUT binary option using the EUR/USD as its underlying asset if a sustained break beneath 1.3225 can be accomplished.


    USD/JPY: The Yen succeeded in stalling two days of positive gains by the US Dollar epitomized by the USD/JPY trading a restricted horizontal range overnight. This was an impressive performance by the Japanese currency after the pair had surged by over 100 pips on Tuesday following the publication of upbeat US economic data.

    The USD/JPY dropped initially during today’s session before rallying to probe its Upper Bollinger Band. After being decisively rebuffed by that level, the pair is now toying with its middle Bollinger Band. If this level successfully holds, then buy the USD/JPY if price achieves a decisive break above 98.60.


    GOLD TRADING: Fresh concerns that the US Federal Reserve may start tapering its monthly asset purchasing policy as soon as next month exerted further pressure on this precious metal overnight. As such, gold extended the losses it endured yesterday by slipping again this morning.

    As commodity specialists are now advising that this commodity should weaken further during the coming days, activate a PUT binary option constructed on gold if an assertive break beneath $1,321.80 per oz can be achieved.


    GBP/USD: The British pound surged against the greenback within the last couple of hours after the publication of the June unemployment data posted a weaker result than expected. The state of the UK labor market has increased in importance recently since the Bank of England linked its future stimulus policy decisions primary to the health of this parameter.

    Consequently, the GBP/USD has just surged by over 50 pips breaking above an important key resistance level. With further GBP strength now in the pipeline, buy the GBP/USD following a clean break above 1.5510.

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

    A ‘PUT’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.32646 (8.21am EST) which posted a closing value of 1.32523 at expiration (9.21 am EST) finishing 'in-the-money'.
    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,323.20 USD (11.15 am EST) which posted a closing value of 1,320.40 USD at expiration (12.15 am EST) finishing 'in-the-money'.

    I am using this method to post results as I kept missing when trades were opened live. Just too busy.

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