James Chen, CMT: Trading Forex on a Daily Basis Using Daily Charts

Date of issue: 19 March 2009. Speaker: James Chen, CMT. James Chen will present FXstreet.com Live Monthly Webinar in March! During the first part, James will make you discover the power of the daily timeframe chart for position trading, swing trading, and shorter-term trading in the forex market. Find out how patterns, trends, indicators, and support/resistance on daily charts can potentially be more reliable than on shorter timeframe charts. Learn effective professional trading techniques and strategies that focus on the 24-hour daily chart as the primary timeframe of choice. Part 1 is open to all users. The second part (Using the Principles of Confluence to Trade Forex Effectively) will start at 15:00 GMT and is only open to FXstreet.com PREMIUM members. Info and register at http://www.fxstreet.com/live/sessions/session.aspx?id=ad268ec6-f3b7-49bd-9414-9c3730495d22

Comments

1. Question, when trading the daily chart do u ever go down to other time frames for entry or do you just focus on 1 time frame ? Thx in advance.