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, January 14, 2010

SAUCER BOTTOM H1 chart EU



From NY open the pair was pushed down violently after testing the 38.2 fibs in the daily chart. it is now stabilising near the support at 1.4500 handle forming a saucer bottom. It will be interesting to take note of the price action tomorrow as we have the ECB up with interest rate and its statement.
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