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

Sunday, November 15, 2009

EU the week ahead


the lower trendline and the support at 1.4840/00 still seems intact, price action might be choppy here as we expect the bulls and bears to fight for control at this area. The double top bearish reversal will still hold true as long as the top does not get taken out. if it breaks, we might look for a possible 400pips correction in the pair to retest the 1.4447 area.

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