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 12, 2009

Trade Setups 11th May 2009

Going long with the bearish engulfing in H4 is not a very good idea, not untill we see some sign of bulls in H1. This H1 graph showed a good trade setup with the bullish tweezer bottom pair.
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