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

Thursday, July 16, 2009

FOMC and EU direction


The recent consolidation in the markets had been for awhile, so will we see a new trend after this ? can EU finally breakout from the range ? the pair had climbed past the 1.4050 strong resistance and is now retesting the highs near to 1.4150. If the pair manages to hold above this resistance area of 1.4050, then we might see further upside. FOMC meeting minutes will be due in less than 40 minutes, so what will it be ? lets see...

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