FX Path

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Webinar - My Daily Analysis: Finding High-Probability Trading Setups Posted: 18 Feb 2010 09:21 AM PST I will be holding my monthly webinar here on FXstreet.com next week that is open to all. It is entitled "My Daily Analysis: Finding High-Probability Trading Setups" and will be held on Wednesday, February 24, 2010 at 16:00 GMT (11:00 AM U.S. Eastern Time). In this monthly webinar, 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=7a99f0a2-b574-4575-83fd-2f12e87d588c . 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.

GBP/USD - Bearish Flag Break Posted: 18 Feb 2010 08:36 AM PST Price action on GBP/USD, a daily chart of which is shown, has tentatively broken down below an inverted flag pattern consolidation within the context of an overall parallel downtrend channel that has been in place since the mid-November highs. This tentative flag break hints at continued potential bearishness in the pair in line with the prevailing downtrend. For more technical analysis on this currency pair, please click here for Thursday’s (2/18/2010) 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.

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