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, April 1, 2010

Bearish channel of the pair is still intact


With the pair still trading in the bearish channel, i expect a test on the recent low might materialize once we break down again from the 1.3430 level. Volume might be thin on NFP friday this week as we see banks on holiday tomorrow.
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