"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
Monday, January 4, 2010
4th January 2010
from the H4 chart we can see a possible formation of an inverted H&S in the EU. with 1.4447 as the nearest term resistance and swing point. it would be interesting to see what it does at the 1.4447 level.
This blog is use primarily to share my analysis and also global economic view with fellow traders worldwide. a little bit about myself: i have a background in engineering and some in finance. I am a person with a passion for trading the financial markets and a thirst for knowledge to understand the global economy with respect to crowd psychology. i'm also charting enthusiasts emphasize mainly on candlestick price action. You can drop me an email at zhao168@gmail.com
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