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

Saturday, April 10, 2010

A threat to the livelihood of the bears in EUR/USD


The EUR/USD made an impressive short covering rally at this week close following good news for Greece bailout efforts. Techinically the bear trend seems to come to an early threat with the pair lingering at the walls of the bear channel. If the pair do breaks free from the channel and challenges the next 2 important resistances, the livelihood of the bears might be at stake. Important resistance to watch for :
1.3600 & 1.3850
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