Present rumour is that a major US bank had an order to sell $15 million of S&P e-mini (YM) contracts but accidentally sold $15 billion. This could have triggered automatic computerised systems creating mayhem.

Most of the trades were in the right direction so hopefully members will have benefited from this error.

EurUsd, AudUsd, NzdUsd, UsdCad, YM, Dax.-  All OK – big profits became available

The ones that may have been adversely affected are UsdJpy and EurJpy (scalpers/day-traders).

Gold didn’t give a reversal pattern/123 so members should have been safe on that one.

I will be looking a little later to see how these moves resolve.

As you know, we’ve had to change our systems a little here and that’s made it necessary for you to re-register if you’d like to keep on receiving our forex alerts.

TO RENEW YOUR ACCOUNT (if you haven’t done so already) and maintain full access to the Lincoln FX site please click on this link:

http://www.lincolnfx.com/trader-membership-join-lincoln-fx/

You can sign up using the same details as you did before or different ones, it’s up to you. Your comments will still be there if you had previously made any and you can edit your details to ensure your name is shown as you like it by clicking on Membership Details when you are logged in. Note: your full name will be shown by default in comments unless you change this. Previously we had manually changed it for you to respect your privacy, but you can now do it yourself.

IF YOU STILL HAVE A PROBLEM SIGNING UP, OR WITH PAYPAL PAYMENT, PLEASE SEND AN E-MAIL TO SUPPORT WHO WILL SOLVE THE ISSUE FOR YOU

support@lincolnfx.com

We’re making a few changes to how the menu functions at the top of the page. Over the next few days the new tabs will become:

• Forex signals – where you get the good stuff. This will include trade ideas and actual trades
• Commodities – thoughts on oil, silver, gold, etc will be posted here
• Indices – if we have an opinion on SP500, Nikkei, etc, we’ll load it here
• Education – posts that help you read our trades will be made here and this information will be duplicated into the members’ area in time. Member-specific training videos won’t necessarily be posted here – if they’re not, we’ll send you an email directly
• Round Up – our weekly evaluation of what went down (or up) and how trades are looking
• Site news – anything we need to tell you about Lincoln FX.

Open forex signals page and daily updates

There will be changes to the open forex signals page in that it will cease to exist. The reason is that it takes too much time to make it – time that we need to analyse the charts. The open signals will be noted each day in our daily update – you’re getting pretty much the same information, but it’s in a different format.
Within the daily update the newest information will appear in red.
We’ll also try to standardise what posts are called.
Hopefully this makes the site easier to follow and declutters it.
Finally we want to say thanks to the people who give us constructive criticism on how we can make things better. It’s a challenge to make a service that provides everything that both the novice and experienced traders need, but we’ll continue to put in 100% to make sure that we listen to your opinions.

The “purple trace” is the path where we think the price could travel on the chart.

In the majority of cases we will also give indicative zones for entries, targets and stops.

Purple Traces are also ideal for experienced traders and scalpers who can watch the markets and make some of their own decisions.

See example below of a winning trade from 15th Jan 2010

Sell zone 149.00-149.30
Target zone 147.70 – 148.00
Stop – at members discretion or maximum 150.00

Result maximum +180  pips (We allocated only 100 to the Monthly Total).

For more information on types of trades you may receive go to the ‘Member’ button on the lower menu bar or http://www.lincolnfx.com/member-area/

Below: PURPLE TRACE

Below:

A Purple Trace can have retracements against the main trend. Elliot Wave Theory explains this type of action

If this helps, here’s a snag of the Ichimoku chart and all the components as used in the video

Read more…

On the right hand side of this page you’ll see a drop down box for Google Translate. This means that you can translate our pages into one of around 35 languages, including German, Italian, Spanish, French, Polish, Japanese and more.
Hopefully this will assist our members, some of whom are in Europe, Asia, and the Middle East and don’t speak English as their first language.
Please bear in mind the translation is ‘mechanical’, not human, so there may be inconsistencies and words Google is not able to translate. Graphics (like charts) won’t be translated.
At the moment the only pages that can be translated are public pages – for some reason it won’t work with the member login, but we’ll continue to try to get that to work and keep you updated.

Hopefully all our members have managed to download the video. File a support ticket if you’re having issues and I’ll make sure you get the link.

To play it you will need QuickTime or iTunes, or do a search on Google for a compatible player.

At the end of the video we show  you the settings for MT4 and Oanda so that you can make your charts look like ours.

If you have MT4 (free from many brokers) its available from the indicators list. Just change the colours and settings to those shown at the end of the video.

If you want the video and didn’t manage to join in time, if you can join by the end of the day I’ll manually send you the link to the video by email. After that, though, the video won’t be available for free.

We do have another free video coming, though. In the middle of February we’ll release a candlestick charting video showing you how the candle patterns give important extra information when looking at ichimoku charts. The video will start from the basics, so is suitable for all members. The more we can teach you guys, the more pips you’ll make, so hopefully you like these videos.

Darren

We’ll be sending the link via email for the ichimoku video tomorrow (January 5 New Zealand time, which might be January 4 in your time zone!), so this is your last day to join if you’d like it as it will only go to current members.
The video shows you how to read ichimoku charts so you can pick out bullish and bearish signals. We also give you the exact settings so that you can create ichimoku charts that look like ours.

Note: there will not be a link to the video on the site – it’s for members only, so you’ll receive the link to the email address you signed up with.

A percentage of our members appear to want trades with just an entry, stop and target/or targets, without any back-up charts or relevant information. So after the the Christmas / New Year break we will (in addition to the usual Ichimoku, Purple Traces, Forward Ideas and scalps, etc.),  be giving some simple signals specifically for that purpose. These will be basic, – no charts, – no reasoning,  – just a signal. Our more active trader members can also take advantage of these as they wish.

Arco

We’ve got a special treat for our members coming on January 5, 2010: Arco is making an instructional video showing you tips how to read and trade with Ichimoku.

This will only be made available to people who are members on 5 January – we’ll send you a special link where you can watch the video online.

If you’re new to charting this is going to give you a huge insight into how to pick the types of trades we do. And, even if you already know something about Ichimoku, you may still pick up a few tips and tricks.

Please bear in mind the $10 trial special we’ve been running ends on January 12, 2010, so if you’re not a member now, ask a loved one to get you a membership for Christmas!

Thanks

Darren