Our mind is in Holiday mode…and we’ve spent little time

at the desk but over the next day or so I’ll write a few thoughts

about trading in the New Year..

We originally sold the bulk of our Yen (bought Usd/Jpy) position right in this area

of 81.40 Usd/Jpy…the shorter time frame traders have been in and out.

per our m.o. we were a day early trying the Euro from the long side.

Eur/yen was one of the best trades of 2010 moving 25 figures from the first of the

year providing plenty of opportunity to lift legs on this spread and do even better.

The main reason we were looking at the Euro so hard this week was to leg this spread again.

Long Euro/Short yen…

Euro/Gbp…this is another one we will monitor closely. 83.33 represents a double bottom

on the monthly chart. Sustained price action over 86.77 ( last quarters close) will be needed

for this one to go again. These numbers will be relevant next week moving forward.

Those of you that read Yra (http://yrah53.wordpress.com) (and if you don’t you should!) would do well to put an alert on your system for the USD/RUR

at 319.00 and 289.00 levels. Read his post and you’ll know why.