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

Sunday, April 4, 2010

Possible H&S formation for EUR/USD

Presently the pair is still within the Bullish correction channel as we can see from the 4 Hourly chart. Possible bearish H&S formation can be seen with potential right shoulder at 1.3575 area. if we do get a break on the bullish price channel, 1.3430 will be 1st bear's target followed by the 1.3250 prior swing low.
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