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

Wednesday, July 1, 2009

1st July 2009


The EU failed to break the trading range high at 1.4150 yesterday. CB Confidence came in red pushing the pair to retest the 1.4100 area. There is a potential H&S pattern in the H4 chart with the left shoulder at 1.4115. Potential right shoulder might be form at 1.4115 as well.
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