Jan 25, 2010

FX Path

FX Path


High-Probability Trend Following in the Forex Market DVD

Posted: 25 Jan 2010 10:28 AM PST

High-Probability Trend Following in the Forex MarketFor those of you who had trouble with the online order form for my new FXstreet.com DVD set, "High-Probability Trend Following in the Forex Market", the problem has been resolved. For more information or to order, please click on the following link: http://www.fxstreet.com/education/forex-dvds/high-probability-trend-following/ . Thank you!

- James Chen, CTA, CMT

* For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book,
Essentials of Foreign Exchange Trading (Wiley), please click here.


Silver - Key Support after Dive

Posted: 25 Jan 2010 09:26 AM PST

Silver Daily ChartPrice action on spot silver, a daily chart of which is shown, took a steep dive for most of last week after reaching resistance around the 18.80 price region. Price at that level approached, but fell short of, the 19.40 region long-term high that was reached in early December 2009. Currently, the price decline of last week has brought silver down to approach key support in the 16.70 price region. In the process, it has also formed the rough pattern of a head-and-shoulders formation, with price currently around the region of the neckline. For more technical analysis on this currency pair, please click here for Monday’s (1/25/2010) Chart of the Day.

James Chen, CTA, CMT

* For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book,
Essentials of Foreign Exchange Trading (Wiley), please click here.


Webinar - My Daily Analysis: Finding High-Probability Trading Setups

Posted: 25 Jan 2010 07:18 AM PST

Just a reminder that I will be holding a live webinar here on FXstreet.com tomorrow that is open to all. It is entitled "My Daily Analysis: Finding High-Probability Trading Setups" and will be held on Tuesday, January 26, 2010 at 16:00 GMT (11:00 AM U.S. Eastern Time). This will be a monthly recurring webinar in which I will show my current analysis using live chart examples that will highlight potential trading opportunities.

Here is the description of this webinar: Through a wealth of current chart examples, find out the specific approach I take when performing daily currency analysis and how I use my analysis to identify high-probability trading setups based upon the prevailing trend conditions and key support/resistance levels. Learn about entry and exit setups as well as risk management techniques.

For more information and to pre-register for this free webinar, please click on the following link: http://www.fxstreet.com/live/sessions/session.aspx?id=f0ad41dc-a818-4761-81ed-1ba408c4190e . Hope to see everyone there!

- James Chen, CTA, CMT

* For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book,
Essentials of Foreign Exchange Trading (Wiley), please click here.


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