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, April 7, 2009

Short Entry 16:31



This short worked out pretty well with maximum pips when to 100+. The H1, H4 all showed bearish signal which makes this short a high probability trade. The H1 showed a bearish engulfing pattern while in H4 we can see an inverted hammer which signifies selling pressure is strong. This was a very nice trade indeed! :)
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