Technical Trading Tips and Techniques by 
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.
Hi Mr. Chen,
It´s pretty cool chart as usual. Thank you so much!
I want to share with you what i’m seeing in GBPUSD. Here is the chart:
http://clip2net.com/clip/m18812/1268070483-clip-13kb.png
Best Regards,
Pico.
Hi Pico,
Thanks for your messages. I like your chart - it looks like you have a good grasp of technical analysis. Your commentary is always welcome. Thanks, Pico!
James Chen
My Norton Internet Security says that site which Pico has his chart on has 2 internet threats. Here is the Norton analysis:
Norton Safe Web has analyzed clip2net.com for safety and security problems. Below is a sample of the threats that were found.
clip2net.com
Threat Report
Total threats found: 2
Small-whitebg-red Viruses (what’s this?)
Threats found: 2
Here is a complete list:
Threat Name: Infostealer.Bancos
Location: [redacted]
Threat Name: Trojan Horse
Location: [redacted]