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

Saturday, April 4, 2009

EU the week ahead


With the price closing above the 1.3300 level for the week, i might expect some bullish momentum to continue into next week. A convincing break of the price above 1.3500 might lead to 1.3750 being retested again. Currently the 61.8% fibs and the RN 1.3500 holds as resistance.
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