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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Moniday 14th 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: With the USA debt default deadline drawing ever closer, the US dollar came under pressure during the night. The greenback slid against a number of other major currencies epitomized by the EUR/USD climbing by just over 10 pips this morning.

    This pair is presently hovering above its middle Bollinger Band. If this level successfully holds, then currency specialists are expecting the greenback to weaken further today amid accumulating Washington tension. As such, implement a CALL binary option using the EUR/USD as its underlying asset following a sustained break above 1.3575.


    USD/JPY: Nervous investors are progressively seeking the safety of the Yen as the US debt crisis advances into critical territory. This pair crashed by almost 30 pips as soon as the currency markets reopened on Sunday evening.

    If the USD/JPY can now plunge assertively below a key support level then the greenback is anticipated to extend its losses even further. Consequently, sell this pair if price can positively break beneath 98.00.


    GOLD TRADING: This precious metal succeeded in rallying strongly this morning after suffering three consecutive days of losses. The price of gold has surged by over $15 per oz since the commodity markets reopened a few hours ago.

    Bullion is currently tracking its upper Bollinger Band higher although it is registering a heavily overbought status. This commodity is now forecasted to strengthened further today albeit after undergoing a temporary corrective dip. As such, execute a CALL binary option, constructed on gold, if price can climb above $1,390.00 per oz.


    AUD/USD: After plunging sharply during the earlier part of today’s session, this pair has subsequently undergone a strong rally enabling it to pare all its initial losses. The Aussie has just hit fresh highs within the last hour by recording a daily gain of slightly over 10 pips.

    The AUD/USD garnered new support from the publication of data posted by China disclosing a significant rise in inflation during September. If this pair can now acquire sufficient momentum then consider buying it following a decisive break above its psychologically important level of 0.9500.


    SILVER: Similar to gold, the correlated silver climbed higher immediately after the commodity markets recommenced operations this morning. This metal rallied by almost 30 cents per oz reversing the losses that it sustained during last week’s trading by breaking above an important resistance level.

    This commodity is currently undergoing a corrective dip in order to address an overbought status. Consider buying silver if it subsequently rebounds higher against its new support level by surging above $21.80 per oz.

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

    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,281.796 USD per oz. (8.32am EST) which posted a closing value of 1,268.291 USD per oz. at expiration (9.32am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on Silver, with an opening price of 21.248 USD per oz. (8.36am EST) which posted a closing value of 21.235 USD per oz. at expiration (9.36am EST) finishing 'in-the-money'.

  3. #3
    Specialist Member TAllen1429's Avatar
    Although I am pleased that the Daily Tips are recording steady wins, I have to admit I am somewhat surprised.

    This is because of the high volatility that is currently present produced by the ongoing Washington drama or nightmare.

    I tend to agree with the other senior traders on BOTS about the reliability of the longer time frames from the daily upwards.

    Still, no point grumbling about something that is working even if I not 100% sure why.

    If you do implement any of the tips, just be careful and ensure you use a well-tested money management strategy by not risking too much per trade.

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