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

Monday, March 15, 2010

Potential bullish reversal pattern in the weekly


After consolidating for weeks the pair finally broke out of the consolidation range and is ready to challenge the 1.3800/50 resistance up ahead. The weekly chart shows sign of a bullish reversal pattern (a morning star pattern). I would expect further upside potential for this pair here at this juncture. Talks of possible Greece bail out in the markets provide optimism overall.
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