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, September 16, 2009

16th September 2009




The pair appears to have hit one of the important Resistance area which is was the december 2008 high at 1.4700 region. the pair currently face tought resistance ahead with the ascending channel ceiling and horizontal resistance at 1.4700 region, i would expect some pullback here before challenging the 1.4700
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