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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 16th 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: The on-going drama in Washington weighed on the US dollar overnight causing it to slide against the euro. The pair managed to reverse the extensive losses it endured on Tuesday by rallying 15 pips this morning.

    Although the EUR/USD slumped during the early part of today’s session, it has since surged higher so that it is presently testing its upper Bollinger Band. Consider opening a new CALL binary option, constructed on this pair, if price can assertively break above 1.3565.


    USD/JPY: The Yen weakened against the greenback following the start of today’s trading session so that this pair rose to contest a key resistance. However, after being decisively rejected by that level, the pair retracted sharply within the last few hours to break below its middle Bollinger Band.

    If this level now holds, currency specialists are forecasting further US Dollar weakness. Consequently, sell the USD/JPY following a confirmed break beneath 98.00.


    GOLD TRADING: Commodity traders opted to trade very cautiously overnight as they await the next developments from Washington hoping for a last minute resolution to the debt crisis. The price of gold slumped immediately by just over $8 per oz when this precious metal restarted trading a few hours ago.

    After undergoing a corrective dip to address overbought conditions, bullion subsequently recommenced its bullish rally. With the markets on edge, gold is now expected to extend its gains today. As such, implement a CALL binary option using this precious metal as its underlying asset following a clean break above $1,287.20 per oz.


    GBP/USD: The British pound strengthened against the US dollar this morning by climbing nearly 40 pips recapturing its psychologically important 1.6000 handle in the process. Sterling acquired fresh support after the UK published an important unemployment figure which beat market expectations.

    The GBP received another boost following an encouraging speech by a key policymaker of the Bank of England who advised that he expected UK economic growth to continue to rally strongly during the remainder of 2013. Consequently, buy the GBP/USD following a sustained break above 1.6060.


    SILVER: The commodity markets traded relatively flat this morning as traders adopted a ‘wait and see’ stance as the Washington crisis enters a very critical stage. Although the price of silver initially knee jerked downwards by just over 20 cents as soon as it began trading this morning, it has since rallied strongly.

    This metal assertively broke back above its middle Bollinger Band within the last few hours and is currently heading higher. As such, buy silver if price can now surge above $21.60 per oz.

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

    No Tips were activated yesterday.

    Such an outcome can sometimes happen because the tips are created at a particular time of the day. Events can occur later, such as the release of important economic data, which can substantially change the trading dynamics of the financial markets.

    However, the main point to note is that the tips are primarily design to restrict losses as a primary objective. They can only be executed if price can acquire enough energy and momentum to decisively break below or above their advised levels. As such, whenever this objective is achieved, price then normally has enough power to advance in the favored direction and record a win.

    Essentially, our tips are created by ensuring that they comply with the following famous trading motto, which states: ‘Look after your losses and your profits will take care of themselves’.

  3. #3
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by TAllen1429 View Post
    Yesterday's Results

    No Tips were activated yesterday.

    Such an outcome can sometimes happen because the tips are created at a particular time of the day. Events can occur later, such as the release of important economic data, which can substantially change the trading dynamics of the financial markets.

    However, the main point to note is that the tips are primarily design to restrict losses as a primary objective. They can only be executed if price can acquire enough energy and momentum to decisively break below or above their advised levels. As such, whenever this objective is achieved, price then normally has enough power to advance in the favored direction and record a win.

    Essentially, our tips are created by ensuring that they comply with the following famous trading motto, which states: ‘Look after your losses and your profits will take care of themselves’.
    Nice quote

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