Ichimoku Gold Futures Trade Update 5-7-10

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Gold went up drastically due to all the events that went on yesterday.  We are up nicely on the trade.  Depending your trading style, you have a couple of options.  They are as follows:
1.  You can enter PRESERVE mode and start to trade off the 240 minute timeframe.   On the 240, you can use either the Tenkan Sen or the Kijun Sen.    Below is a chart for the 240 minute timeframe.
2.  Maintain the Kijun Stop off the Daily timeframe.
3.  Switch to the Tenkan Sen off the daily timeframe.

For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose