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, January 20, 2010

EU Broke down below 1.4250

A sudden wave of selling pressure in ASIA had managed to push the pair below 1.4250 important support. This will create more downside pressure targeting 1.4100 near term if we do get 1.4180 taken out. resistance seen at 1.4250,1.4300.
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