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, March 24, 2010

Although pressured towards the downside, 1.3450 still holds


There will be an EU submit this week on 25th March in Brussels. It would be a 2-day meeting with possible loan package for Greece discussion being brought up. Currently the pair still finds support at the prior lows at 1.3450. If we do see positive development later in the week, the prior lows of 1.3450 will be temporary support for now.

Resistance : 1.3800/50
Support : 1.3450/00
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