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

Wednesday, March 25, 2009

EU update 01:56

A sudden wave of selling pressure had force EU to remain below the MR3 in the US session. The daily chart now becomes rather interesting as we see the low of the doji is being retested. If US managed to close the daily candle below the low of the DOJI at 1.3485 to be exact, then we would see a LCD formation which will signify further selling pressure on the pair.
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