Jan 3, 2011

FX Path

FX Path

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

Posted: 03 Jan 2011 12:36 PM 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 Thursday, January 13, 2011 at 15:00 GMT (10:00 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/webinars/sessions/session.aspx?id=e1ac6cdc-9319-4bd3-8224-f749eec7bafe. 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.

New Year’s Trading Resolutions

Posted: 03 Jan 2011 12:26 PM PST

Here are my three New Year’s Trading Resolutions for 2011, posted recently on FXstreet.com: http://www.fxstreet.com/education/trading-strategies/2011-resolutions/2010/12/29/07/ .

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 - Trading Range but Biased to Downside

Posted: 03 Jan 2011 09:46 AM PST

Price action on EUR/USD (a daily chart of which is shown) as of Monday (1/03/2011) has been rangebound within an approximate 500 pip trading range since the 1.2970 low was hit about a month ago. Resistance on this range resides around the 1.3500 price region while support remains in the 1.3000 psychological support area. For more technical analysis on this currency pair, please click here for Monday’s (1/03/2011) 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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