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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 24th September !!!

    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.


    EUR/USD: This pair consolidated the losses it recorded yesterday by trading sideways within a restricted range during the early part of today’s session. After undergoing a mild rally to challenge its upper Bollinger Band, the EUR/USD was then firmly rejected by that level.

    Remarks from Mario Draghi this morning advising that new stimulus policies were still on the cards caused the single currency to subsequently weaken. As currency specialists are now expecting the euro to extend its losses further today, sell the EUR/USD if price slumps beneath 1.3460.


    USD/JPY: The Yen weakened against the greenback after the Asian stock markets recommenced business yesterday evening epitomized by the USD/JPY surging higher to recapture its 99.00 handle. However, the pair was just undergone a corrective dip within the last couple of hours.

    The USD/JPY is presently toying with its middle Bollinger Band. If this level remains intact then instigate a CALL binary option using the USD/JPY as its underlying asset if price breaks above 99.30.


    GOLD TRADING: The price of this precious metal fell during the night by posting a $9 per oz decline immediately the commodity markets reopened this morning. Increasing speculation that the Fed could commence tapering its influential monthly asset purchasing program as early as next month is now countering the central bank’s surprise announcement issued last week.

    After rallying in the last couple of hours to correct an oversold condition, gold now appears poised to weaken further. Execute a PUT binary option based on this commodity following a clean break below $1,314.00 per oz.


    GBP/USD: Sterling crashed against the US Dollar this morning after the UK posted economic data that missed market expectations. Following this release, the GBP/USD plunged by over 40 pips to break below both a key support level and its psychologically important 1.6000 mark.

    Signs are now definitely emerging that the pair is losing steam to maintain its recent impressive bullish rally. As such, evaluate the validity of selling the GBP/USD if price can now drop under 1.5960.

  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 1.34896 (9.46 EST) which posted a closing value of 1.34899 at expiration (10.46 EST) finishing just 'out-of-the-money'.

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