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

9th March analysis update

The EU started the week with a bearish bias after retracing almost 100% to the friday's low. price found strong support at around 1.2555 which was just about 15/20 pips from the friday's low. The projection of price made earlier this week found good selling opportunity at the top and buying opportunity near Friday's low. I was rather busy yesterday with no trades opened. looking forward to a good trading week this week. Do check the following post for today's price projection and important SR levels.
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