FX Path

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International Traders Conference Online 2010 Posted: 08 Mar 2010 10:59 AM PST I’m proud to announce my participation in FXstreet.com’s International Traders Conference Online 2010. This conference will feature the same key speakers, topics, and live trading education as the International Traders Conference 2009 in Barcelona that I participated in last year. Here are all the details for this upcoming online conference in April: http://www.traders-conference.com/itc-online.aspx . Hope to see you all 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 - Correction within Strong Accelerated Downtrend Posted: 08 Mar 2010 08:27 AM PST Price action on GBP/USD, a daily chart of which is shown, has made a bullish correction since the beginning of March after having dipped well below the key 1.5000 psychological level on March 1st. This bullish correction exists within the context of a steep accelerated downtrend in the pair. After having corrected up to approach the 1.5200 price region, the directional bias continues to be bearish in line with the strong current downtrend. For more technical analysis on this currency pair, please click here for Monday’s (3/08/2010) 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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