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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 2nd October !!!

    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: Events in Washington provided new support for the euro this morning although extensive gains were capped by the present economic state of the Eurozone. As this vitally important trading region is still struggling to produce a sustainable economic recovery, speculation is growing that the European Central Bank may need to step in with additional stimulus support.

    The EUR/USD surged during the early part of today’s session before being decisively rebuffed by its upper Bollinger Band. After undergoing a corrective dip, the pair is now heading higher again. As such, activate a binary option, structured on the EUR/USD, if price climbs above 1.3560.


    USD/JPY: Growing concerns about the current Washington crisis drove investors to seek the protection of safe-haven assets, such as the Yen, during the night. The ensuring frenzy caused the USD/JPY to crash by over 60 pips this morning breaking beneath an important support level in the process.

    The pair plummeted to test its lower Bollinger Band. After undergoing a minor rally to address a heavily oversold status, the USD/JPY is now beginning to weaken further. Consequently, sell this pair following a decisive break below 97.10.


    GOLD TRADING: The price of this commodity plunged on Tuesday by dropping over $35 per oz during the session resulting in a decisive break beneath its psychologically important level of $1,300 per oz. Gold has managed to stabilize its losses this morning by trading sideways in a restrained horizontal channel.

    However, investors are presently concerned that yesterday’s gigantic sell-off could now lead to further liquidation of this precious metal today. As this anxiety is expected to generate further gold weakness, open a binary option using bullion as its underlying asset if price slumps under $1,284.85 per oz.


    GBP/USD: The British pound strengthened against the US Dollar overnight as the Washington crisis began to exert increasing pressure on the greenback. The pair succeeded in climbing higher to recapture its important 1.6200 handle. Sterling received additional support after the UK released economic data this morning disclosing improvements in both its business sentiment and housing sector.

    The GBP/USD surged upwards to challenge its upper Bollinger Band before being rejected by that level. After dipping in the last couple of hours, the pair has now started to rise once more. Consequently, buy the GBP/USD following a sustained break above 1.6230.

  2. #2
    Specialist Member TAllen1429's Avatar
    Last Friday's Results

    There were no tips on Monday and Tuesday as I have been away,

    Here are last Friday's which turned out to be a bumper day.

    A ‘CALL’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.35254 (7.38am EST) which posted a closing value of 1.35439 at expiration (8.38am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on USD/JPY, with an opening price of 98.397 (9.19am EST) which posted a closing value of 98.242 USD at expiration (10.19am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on the GBP/USD, with an opening price of 1.61203 (10.43am EST) which posted a closing value of 1.61338 at expiration (11.43am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,327.22 USD per oz. (6.56am EST) which posted a closing value of 1,338.95 USD per oz. at expiration (7.56am EST) finishing 'in-the-money'.

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