Easing into a new year.

Well here we go...Trading 2011. I wonder what the markets have in store for us this year. Personally I find it a complete waste of time trying to predict what will happen...let's face it noone really knows. Some will get it right and crow about it like they are market gurus. Those that get it wrong will conveniently fail to mention their prediction again.

For me I try really hard to keep a blank slate when it comes to market expectations and purely follow the price action. No expectations means no bias on your trading. Sure on a short term basis I will always ride momentum waves but longer term forget it.

U.S markets hit 2 year highs last night. The XJO 2 year high is around the 5000 mark so still well off it at the moment. With commodoties strong as well, and sectors such as Rare Earths running hot again, there are no shortage of short term opportunities.

I'll continue to ease into trading this week. Still hoping to get a few days off later in the month before school holidays end, but then it's full steam ahead!

Happy trading all!

A