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 30, 2009

Trade Setups 29th April 2009 12:16PM



this setup is considered a more aggressive type of trade. A possible DT formation with the inverted hammer made a good entry in H1. Now we see that there is a possible DT in H1. If price goes below the 1.3230 area with (H1 closing below this area). then we might see a possible downmove today. however the DT formation might still fail if price does gets push back to retest the high.
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