I want to wish all readers and visitors Happy and Prosperous New Year. Hope everybody’s trading is productive, resulting in many great trades and even more pips. See you in 2010! Mike K.

Just like 2009 came to end. By that I mean my trading year. Last few short term trades were opened and closed, with positive results. For the most part, that is. While I still have few positions riding, just about everything that had been discussed on these pages was closed over last couple of days. [...]

Not very welcoming trading conditions today, as far as I’m concerned. While most currency pairs registered goos size moves, bulk of them came after sharp reversals and failed breakouts. Most useful strategies for the day could have been fading techniques. Days like this happen every now and then, but current situation can be largely “blamed” [...]