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, February 17, 2010

Earnings report and growth data VS Greece debt crisis


with good earnings report from wall street overnight and also good US data which suggest growth is geared for recovery, we expect to see upward correction for this pair. the next most important resistance area for this pair would be the 1.3850 region. As debt matters in Greece is waning but not yet addressed completely, I expect the pair to stall at the 1.3850 region. If the downward pressure is still strong, a test of the prior low at 1.3530 might materialize in the short term.

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