The Secret of Successful Trading

"Successful traders have a larger edge and better money management than unsuccessful traders. Unlike popular belief however, this study shows that the smaller edge of successful traders is not the cause of their failure. Traders' failures can be explained almost exclusively by their poor money management practices."

"The Secrets of Successful Trading", Fernando Diaz

Tuesday, March 10, 2009

10th March 2009

At the time of writing the EU is currently standing at a prominent resistance level on the confluence of resistance which consists of the WP, DP and 38.2 fibs from yesterday high low. the next resistance would be the 61.8 fibs.

important resistance levels to note today would be the 1.2700 level, DP_R1 at 1.2712 and the upper TL
support can be seen at the 1.2550/60 level with the Lower TL below.
these are the places where i would expect a bounce.

happy trading !
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