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

Friday, May 8, 2009

8th May 2009



on the daily chart, the pair had made a bullish close for yesterday, breaking the high of the doji candle. this might signify some further potential up move if we can break above yesterday high at 1.3470 a convincing break above this would target 1.3600 the next R. Current support at 1.3340 and Resistance at 1.3400/70
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