FX Path

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Webinar - My Daily Analysis: Finding High-Probability Trading Setups Posted: 04 Jun 2010 12:17 PM PDT 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 Monday, June 7, 2010 at 16:00 GMT (12:00 Noon, 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=a7ad1b34-aa26-46b2-ad19-8e9de36a1185. 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. * For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.

EUR/USD Bearishness Hits 1.2000 Posted: 04 Jun 2010 08:28 AM PDT As of the beginning of this new month, the technical bias for the month of June 2010 appears to be indicating further potential bearishness for the pair. Short-term support in the 1.2150 price region has just been broken significantly to the downside, completing a descending triangle bearish continuation pattern and approaching key support in the 1.2000 price region. For more technical analysis on this currency pair, please click here for Friday’s (6/04/2010) 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. * For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.

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