Watch for the potential for a [The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]

Short weekly round up. A quieter week last week as the large moves of the previous week consolidated their gains

Commodities. Oil was our major success of the week with a move of nearly $3 – equivalent of up to $2500+ profit on one full contract.

Short term trade ideas on #50. EurNok – Gave a quick spurt north of around 300 pips for anyone day-trading, but I’m not considering these as necessarily achievable  by most members as the reversal was quite sharp and would have probably triggered absentee member’s stops.

Medium/Longer Trades – Maximum available around 290 pips.  AudUsd came good off the yellow box with around 160 pips maximum. EurUsd. Last weeks fall south continued from previous chart alert by about 130 pips but again I’m not specifically counting the extra Euro pips as the move went past the perceived Chikou support where a number of members had their TP set. Non-performers. We are still waiting for AudCad to get its act together.

_______________________________________

Todays forex alerts and round up

Day/Medium/Longer Trades follow up summary.

Gold - travelled along the first leg as indicated on Fridays chart with a move of circa $30 or around $2500+ on one full contract

UsdJpy – moved as mentioned and expected on Friday with maximum  +101 pips

AudUsd –  move stalled at Chikou as proposed

EurUsd -  awaiting further confirmation

Short term trade ideas on #50. Awaiting patterns

(Please also look through the medium/longer term ideas for any day trading ideas).

Todays Ideas and Updates are listed below

____________

Gold XAU – Chart updated – use Tag Cloud ‘Gold’

__________________

Eur.Usd  #41 – Chart updated

[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]

[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]

[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]

17/4. Update. Gold following members came good with a maximum $22 move lower in gold ($2200 one full contract) from the short term chart shown on 13/4. To see all gold post click ‘gold’ in the tag cloud

14/4. Updating the chart. Target area reached. A $3.00 move = $US3000 on one full contract

Gold chart is not very clear at the moment, but because Ichimoku elements are

[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]

10/4. Updating the chart. Nice windfall for our oil members overnight. $2 move = $2000 so far

The standard futures contract  for Crude Oil is 1000 barrels (42,000 gallons) in size and is valued at $10 USD per one tick move, with the tick size being 1 cent. For example, if the Crude Oil was to move from $86.00 to $84.00 on a short position then that would result in a $2000 USD profit to the trader. If you wish to trade a smaller version of the standard Crude Oil contract, then there are MINI contracts available. For mini oil futures, value of 1 point represents US$500, so $2 means US$1000  For super mini oil futures, value of 1 point represents US$100, so $2 means US$200. Cost of a LincolnFX subscription = $139 per month (trial available).

9/4 Hard to know exactly where this is going in the medium-long term, but if this 123 sets up its possible the price may test to or into the Kumo short term

A member requested a chart and comment on sugar.

There was a great Ichimoku trade from Mid-Late Feb in this commodity giving a $7 move (equivalent to around US $7840 per contract). Currently it looks like some support may be coming in.

Updating the Silver chart for our metal traders.

I mentioned earlier……….there may just be a retrace to test the lower Kumo base…….

The reversal we anticipated in the higher khaki box zone has given a maximum move of circa US$5675 to this point on one contract.

[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]