Happy New Year

EUR/USD DAILY 1/1/11

We ended the trading year, with the Euro right on strong resistance.  Generally the odds would be on shorting this pair as the new year begins.

We will have to see what happens on the Sunday open on the 3rd.

Happy New Years to all who have followed this blog as I periodicly work on it.

The Main lessions I have learned from trading this year is

1. Stick with the trading style that works for you as long as it works for you.
2. Study and test other trading systems, but do not loose track of what is working for you, ie #1.
3. Don’t get to full of yourself when you are consistently profiting.

What works for me is the midnight and 5:30 trades.

What I am studying is George Smith’s trading style, especially his Oscar indicator when it can be used with P12&3.