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, June 12, 2009

12th June 2009


the rally yesterday during the US session was cut short with price failed to close above the 1.4150 region in the H4 chart. This had given doubt to the rally and also as to where the price might head in near future. i expect price to range awhile until one of the SR levels is clearly taken out.
Resistance : 1.4150
Support : 1.3900
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