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

Tuesday, April 13, 2010

Greece sells more T-Bills than expected, putting a floor on the downward pressure in EUR/USD


The 4 Hourly chart shows that the bulls were able to keep the pair afloat above the support following good sales of T-Bills from Greece. A temporary floor might be in place for the pair now. So far, i'm still neutral on this pair but bullish on the prospect that EUR/USD will attempt to retest the prior high at 1.3700
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