HAPPY NEW YEAR!

SO far, things are going swimmingly :)

EUR/USD is crashing...as expected, but lets put those stops at 1.25......we should get out of the trade at 1.25, then try to get back in between 1.28-1.30, and ride it down to 1.18 (the 2nd resistance level). After that...it will depend on the market.

EUR/AUD is crashing...as expected, and take the stops off of this one. I think the AUD is headed much higher...and will perform well against a falling EUR.

AUD/USD is growing...as expected, and should keep growing towards 1.10. The USD is quite high right now and should drop back, and commodities are rather low, but should rise as people place their bets for 2012. IN THE SHORT TERM, however...the USD may rise next week...but do not get wobbly knees! Show courage when the market shows fear!

Also, keep in mind that trading volume is VERY light right now because everyone is on vacation, and all of China is off for a whole week. Do not get nervous (or excited) if your existing trades shoot up or down...just hang tight.

I ended last year at $676 (up from $50) = 1352%

Yes, my goal was 1500%, and i was so close to hitting it about 15 minutes before close on friday, when...low volume struck, and my account went from 730 to 676 in about 2 minutes. Oh well...3000% is my goal for this year...and i'm already up 7.2% :)

Happy New Year Everyone!