International Business News Blogs - Forexperts http://www.ibtimes.com/blogs/rss/sections/forexperts.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/blogs/rss/sections/forexperts.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Just to provide some light reading for the weekend, I wanted to talk briefly about the famous "Turtle" traders, for those who may not be familiar with them. In the early 1980’s, a well-known commodities trader by the name of Richard Dennis gathered a group of individuals and trained them to trade commodities using his specific trend-following methodology. This came about because Dennis intended to prove to his friend, another trader by the name of William Eckhardt, that good traders were made... http://www.ibtimes.com/articles/20091106/turtles-trading.htm http://www.ibtimes.com/blogs/articles/11448/20091106/turtles-trading.htm Fri, 06 Nov 2009 12:14:18 EST Price action on EUR/JPY, a daily chart of which is shown, is displaying dramatic yen strengthening today on stock market declines that is also abundantly clear on other major yen pairs/crosses like USD/JPY and GBP/JPY. In the case of EUR/JPY, price has descended all the way down to approach a dynamically-ascending support line extending from the April low. For more technical analysis on this currency pair, please click here for Thursday's (11/19/2009) Chart of the Day. - James Chen, CTA, CMT * ... http://www.ibtimes.com/articles/20091119/eur-jpy-near-bottom-of-large-triangle.htm http://www.ibtimes.com/blogs/articles/11415/20091119/eur-jpy-near-bottom-of-large-triangle.htm Thu, 19 Nov 2009 11:42:25 EST I will be holding an FXstreet.com Premium webinar next week on Monday, November 23, 2009 at 16:00 GMT (11:00 AM U.S. Eastern Time) entitled, Honing in on Oscillator Analysis. Oscillators are often considered by traders to be secondary indicators reserved for confirming momentum and overbought/oversold conditions during sideways trading ranges. Many traders have not yet taken advantage of the power of oscillator analysis during all market conditions. Discover the ways in which an oscillator can t... http://www.ibtimes.com/articles/20091118/upcoming-webinar-honing-in-on-oscillator-analysis.htm http://www.ibtimes.com/blogs/articles/11392/20091118/upcoming-webinar-honing-in-on-oscillator-analysis.htm Wed, 18 Nov 2009 13:44:29 EST Hello. Pulling up the AUD/USD, it seems that we're in a potential 3rd wave movement up. If that's the case, watch for the currency pair to continue downward to complete Wave 2. Once it has completed Wave 2, then look for the potential movement back up. http://www.ibtimes.com/articles/20091117/aud-usd-outlook.htm http://www.ibtimes.com/blogs/articles/11347/20091117/aud-usd-outlook.htm Tue, 17 Nov 2009 02:34:43 EST Price action to start the week on AUD/USD, a daily chart of which is shown, has just tentatively broken through to establish a new 15-month high for the pair, but only by a handful of pips thus far. This currency pair continues to operate within the context of a long-term uptrend extending from March. For more technical analysis on this currency pair, please click here for Monday's (11/16/2009) Chart of the Day. - James Chen, CTA, CMT * For information on my book, Essentials of Foreign Exchange... http://www.ibtimes.com/articles/20091116/aud-usd-new-15-month-high.htm http://www.ibtimes.com/blogs/articles/11339/20091116/aud-usd-new-15-month-high.htm Mon, 16 Nov 2009 12:07:22 EST The webinar I gave last week entitled, “Combining Candlesticks with Western Technical Analysis," has been recorded and posted for all to view. Please click on the following link to view the recording: http://transcripts.fxstreet.com/2009/11/combining-candlesticks-with-western-technical-analysis.html" rel="nofollow" target="_blank . Thank you! - James Chen, CTA, CMT * For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here. * Follow my intraday forex upd... http://www.ibtimes.com/articles/20091116/webinar-recorded-and-posted-combining-candlesticks-with.htm http://www.ibtimes.com/blogs/articles/11330/20091116/webinar-recorded-and-posted-combining-candlesticks-with.htm Mon, 16 Nov 2009 09:08:48 EST Price action on EUR/USD, a daily chart of which is shown, has corrected back down to an uptrend support line after falling short of re-testing the 14-month high just above 1.50. Until a significant downside breach of this support trendline occurs, this currency pair is still very much in uptrending mode. The key upside level to watch is still in the region of the 1.5060 long-term high, as any significant breakout above this level would confirm a continuation of the uptrend that has been in place... http://www.ibtimes.com/articles/20091113/eur-usd-bearish-correction-within-uptrend.htm http://www.ibtimes.com/blogs/articles/11308/20091113/eur-usd-bearish-correction-within-uptrend.htm Fri, 13 Nov 2009 11:47:24 EST Just a quick reminder that I will shortly be giving a webinar entitled “Combining Candlesticks with Western Technical Analysis.” It is open to all, and will be held today, November 12, 2009 at 17:00 GMT (12:00 PM U.S. Eastern Time). http://www.ibtimes.com/articles/20091112/webinar-reminder-combining-candlesticks-with-western-technical-analysis.htm http://www.ibtimes.com/blogs/articles/11283/20091112/webinar-reminder-combining-candlesticks-with-western-technical-analysis.htm Thu, 12 Nov 2009 10:16:09 EST Price action on USD/CHF, a daily chart of which is shown, has dropped to within just a few pips shy of the 15-month low (1.0030) that was hit just a couple of weeks ago. This occurs within the context of a clear and continuing accelerated downtrend that has been in place for almost a year now. For more technical analysis on this currency pair, please click here for Wednesday's (11/11/2009) Forex Chart of the Day. - James Chen, CTA, CMT * For information on my book, Essentials of Foreign Exchang... http://www.ibtimes.com/articles/20091111/usd-chf-bearishness-approaches-15-month-low.htm http://www.ibtimes.com/blogs/articles/11270/20091111/usd-chf-bearishness-approaches-15-month-low.htm Wed, 11 Nov 2009 12:03:56 EST Greetings. Pulling up the GBP/USD, we're hovering right around a major price point at 1.6841 - which is the 50% Fibo line off the longer term down trend daily chart. http://www.ibtimes.com/articles/20091111/gbp-usd-outlook.htm http://www.ibtimes.com/blogs/articles/11261/20091111/gbp-usd-outlook.htm Wed, 11 Nov 2009 03:10:04 EST Price action on USD/JPY, a daily chart of which is shown, is currently on the verge of a bearish breakdown below a newly-formed symmetrical triangle consolidation pattern. This occurs in an overall environment of USD/JPY bearishness within the context of a general downtrend that has been in place since April. Within this downtrend, price has broken down below several bullish corrections and pattern consolidations, as shown on the chart. For more technical analysis on this currency pair, please c... http://www.ibtimes.com/articles/20091110/usd-jpy-triangle-consolidation-within-downtrend.htm http://www.ibtimes.com/blogs/articles/11242/20091110/usd-jpy-triangle-consolidation-within-downtrend.htm Tue, 10 Nov 2009 11:07:34 EST Substantial dollar-weakening to begin the week has just approached the 14-month high for AUD/USD, a daily chart of which is shown. This occurs after price action broke out cleanly above a short-term downtrend resistance line extending from that high. AUD/USD, much like EUR/USD, continues to operate within the context of a long-term uptrend extending from March. Also much like EUR/USD, if the 14-month high on AUD/USD (around 0.9325) is broken strongly to the upside, an uptrend continuation will h... http://www.ibtimes.com/articles/20091109/aud-usd-reaching-for-new-long-term.htm http://www.ibtimes.com/blogs/articles/11227/20091109/aud-usd-reaching-for-new-long-term.htm Mon, 09 Nov 2009 11:06:57 EST Just to provide some light reading for the weekend, I wanted to talk briefly about the famous "Turtle" traders, for those who may not be familiar with them. In the early 1980’s, a well-known commodities trader by the name of Richard Dennis gathered a group of individuals and trained them to trade commodities using his specific trend-following methodology. This came about because Dennis intended to prove to his friend, another trader by the name of William Eckhardt, that good traders were made... http://www.ibtimes.com/articles/20091106/turtles-trading.htm http://www.ibtimes.com/blogs/articles/11199/20091106/turtles-trading.htm Fri, 06 Nov 2009 12:14:18 EST Hello. Pulling up the GBP/USD, from a technical standpoint, it seems we may see a potential continuation of the current uptrend. http://www.ibtimes.com/articles/20091106/gbp-usd-non-farm-payroll-analysis.htm http://www.ibtimes.com/blogs/articles/11192/20091106/gbp-usd-non-farm-payroll-analysis.htm Fri, 06 Nov 2009 01:00:51 EST Late last week, price action on spot gold (a daily chart of which is shown) formed a bullish engulfing pattern right at strong support in the 1025 region, which represented previous resistance. After that bullish engulfing pattern established the new support level, which also coincided with a key 50% Fibonacci retracement level, price shot up this week to overtake the previous all-time high above 1070. Currently having just established a new all-time high above 1095, price on gold is now shootin... http://www.ibtimes.com/articles/20091104/gold-hitting-new-highs.htm http://www.ibtimes.com/blogs/articles/11119/20091104/gold-hitting-new-highs.htm Wed, 04 Nov 2009 11:48:01 EST I will be giving a webinar here on FXstreet.com entitled "Combining Candlesticks with Western Technical Analysis." It is open to all, and will be held next week on Thursday, November 12, 2009 at 17:00 GMT (12:00 PM U.S. Eastern Time). Learn how to identify the best combinations of Japanese candlestick patterns and Western technical analysis to find high-probability forex trading opportunities. When used in conjunction with each other, this powerful combination unveils potential entries and exi... http://www.ibtimes.com/articles/20091104/upcoming-webinar-combining-candlesticks-with-western-technical.htm http://www.ibtimes.com/blogs/articles/11106/20091104/upcoming-webinar-combining-candlesticks-with-western-technical.htm Wed, 04 Nov 2009 10:31:02 EST Price action on EUR/USD, a daily chart of which is shown, has finally made a tentative breakdown below the key uptrend support line extending from the March lows. While this downside breach is significant and raises important questions as to the future direction of this pair, the prevailing uptrend is still technically considered to be intact. Today’s breach represents a weakening of conviction on the part of the EUR/USD bulls (dollar bears), and suggests indecision in the market and a potentia... http://www.ibtimes.com/articles/20091103/eur-usd-tentative-breakdown-of-key-uptrend.htm http://www.ibtimes.com/blogs/articles/11087/20091103/eur-usd-tentative-breakdown-of-key-uptrend.htm Tue, 03 Nov 2009 11:40:23 EST Price action beginning the new week on AUD/USD, a daily chart of which is shown, has retraced all the way down to a key uptrend support line extending from the March lows, before making a pronounced bounce up off the trendline, tentatively respecting the current prevailing uptrend. This bullish price action represents the fifth instance of this currency pair respecting the trendline. For more technical analysis on this currency pair, please click here for Monday's (11/02/2009) Chart of the Day.... http://www.ibtimes.com/articles/20091102/aud-usd-bounce-respects-uptrend.htm http://www.ibtimes.com/blogs/articles/11056/20091102/aud-usd-bounce-respects-uptrend.htm Mon, 02 Nov 2009 11:12:11 EST A few days ago, I led a webinar on the subject of price-oscillator divergences. There was a lot of interest in the subject, so I thought I would post the chart illustrations of the different kinds of divergences here, along with some explanations: ------ Bearish Regular Divergence – price makes a higher high while the oscillator makes a lower high. This is a warning or indication of a potential impending bearish reversal after an uptrend. ------ Bullish Regular Divergence – price makes a lower... http://www.ibtimes.com/articles/20091030/price-oscillator-divergences-explained.htm http://www.ibtimes.com/blogs/articles/11027/20091030/price-oscillator-divergences-explained.htm Fri, 30 Oct 2009 10:40:22 EDT Once again, price action on EUR/USD, a daily chart of which is shown, has turned up and respected a key uptrend support line extending from the March lows. This occurs after dollar-strengthening price action for the past week has prompted EUR/USD to correct back down to this uptrend line on the heels of hitting a 14-month high around 1.5060 in the beginning of the week. Today’s tentative trendline bounce hints at a potential uptrend continuation. For more technical analysis on this currency pai... http://www.ibtimes.com/articles/20091029/eur-usd-uptrend-support-line-respected.htm http://www.ibtimes.com/blogs/articles/11009/20091029/eur-usd-uptrend-support-line-respected.htm Thu, 29 Oct 2009 10:58:02 EDT