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

Thursday, April 9, 2009

10th April 2009

Currently the price is in a congestion zone. But immediate support can be seen at the 50% fibs level which sees price bouncing off from that area a few times. Price had created a higher high following yesterday's rally and a lower high at the support here at 1.3230. resistance now rest above yesterday high at 1.3300.
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