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, April 1, 2009

1st April 2009



The PA in the daily chart might give a hint of a consolidation at the current price level. Major resistance for the day might be an area of confluence of the 50% fibs, DO and UTL from the failed bull flag previously at the 1.2550/60 area. The next resistance might be the confluence of previous day high with DR1 at 1.3340/50 area.

support can be seen at the 1.3150/70 area.
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