James Chen Forex Trading Seminar at the Traders Expo Las Vegas
James Chen will be giving a free forex trading seminar on trend trading at the Traders Expo Las Vegas, Nov. 17, 2011. It will be an information-packed session where you will learn one of the highest-probability approaches to trading the forex market. For more details, please click on the following link: http://bit.ly/qyJZZ2 .
Forex Trading Technical Analysis (2010/11/04) EUR/USD Reaches Upside Target, Continued Bullish Bias
(Please click on the forex chart thumbnail to enlarge) 11/04/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a 4-hour chart of which is shown) as of Thursday (11/04/2010) has continued its uptrend on the heels of Wednesday’s Fed announcement. The bullish surge that resulted from the announcement prompted price to break cleanly out of its previous consolidation above 1.4000 (after [...]
Learn Forex – Andrews Pitchfork in Forex Trading
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – Andrew’s Pitchfork, as shown on the accompanying USD/CHF chart (4-hour timeframe), is a method for drawing unique parallel trend channels that can be applied readily to forex charts for trend trading and swing trading purposes. Also called “median line studies,” Andrew’s Pitchfork is [...]
Forex Trading Technical Analysis (2010/09/28) AUD/USD Bullish Trend Hits Resistance
(Please click on the forex chart thumbnail to enlarge) 9/28/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Tuesday (9/28/2010) has just established a new 2+ year high and bumped up against key resistance in the 0.9650 price region after traversing a steep bullish trend channel extending back to the late August lows. [...]
Learn Forex – Heikin-Ashi Charts in Forex Trading
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – Heikin Ashi charting, as shown on the accompanying EUR/USD chart (daily timeframe), is a Japanese charting technique that appears similar to traditional candlestick charts. The differences, however, are very significant. The purpose of these modified candlesticks is to display the trend, and [...]
Learn Forex – RSI as a Forex Trend Indicator
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – Many forex traders think of the Relative Strength Index (RSI) as just a simple chart oscillator that gives momentum readings of overbought/oversold conditions during trading ranges, as well as price-oscillator divergence indications. Actually, the RSI is somewhat more than that. One of [...]
Attend James Chen’s Las Vegas Forex Trading Seminar (September 23-25)
Join James Chen, CTA, CMT in Las Vegas at The Futures & Forex Expo (September 23-25, 2010) for his free special seminar on trend trading and strength/weakness pairings in the Forex market. Click here to register free for this event.
Learn Forex – Guppy Multiple Moving Averages (GMMA) in Forex Trading
Learn Forex (FXpath.com) – The GMMA, or Guppy Multiple Moving Averages, was developed by Daryl Guppy, an Australian trader. See the accompanying EUR/USD chart with the GMMA set of moving averages overlaid on top. Used by many forex traders, this multi-faceted indicator combines two different sets of moving averages. One set (the longer-term moving averages: [...]
Poll: What is the single most effective tool for trading forex?
Forex Poll (FXpath.com) – Although the vast majority of traders use a variety of different tools in their forex trading, most traders have a favorite tool, technique, or strategy upon which they tend to rely more heavily than others. The purpose of this poll, though neither exhaustive nor scientific, is to identify those tools that [...]
Learn Forex – Trading Forex Volatility
Learn Forex (FXpath.com) – The concept of volatility plays a vital role in technical analysis, especially in the subrealm of trend analysis. Many technical traders consider volatility carefully when making trading decisions. Marked changes in volatility are the main concern of these traders. To narrow it down even further, it is really the change in [...]
