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, May 5, 2009

Price Action analysis 4th May 2009



The ultimate support of EU seems to lie at the 1.3200 area. With the H4 painted a bearish picture yesterday, price still eventually bounce up from the 1.3200 area. This might give a hint that bulls are strong there.
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