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

Monday, March 30, 2009

30th March 2009


The downtrend in EU seems to have found temporary support above the 1.3200 area. Immediate resistance can be seen at 1.3350 area with the MR2 at 1.3340, 23.6% fibs and also the previous channel floor TL. Further resistance ar 1.3400 area with the WP at 1.3411 and also the 50% fibs at 1.3424
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