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, June 9, 2009

Potential H&S in EU


A potential H&S pattern in EU is in formation now with shoulders at 1.4050 area and neckline at 1.3800. If we do observe a bearish turn at the right shoulder at 1.4050, price will target the neckline at 1.3800. If price do gets above 1.4050, the next resistance would be 1.4100 and 1.4250
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