It's a new week, a new month and a new contest!

I always feel fired up and ready when a new month comes, and I think other trader's do as well. There is a lot of positive energy in the air.

My strategy for the new month, after reviewing this past contest, is to be patient. I can see from my blog posts in last months contest that I was patient for the first 2 weeks and did quite well and managed to get in the top 10. At that point I got careless and took many positions after being diligent with my trade setups in the first half, I pretty much did the opposite.

So there you have it. Simple strategy. Let's see the outcome at the end of the month!

I've done a bit of analysis, and I like the AUD for a possible setup. I'd like to see how the first 24 hours trades but there are already some pretty good setups. I'm also watching USDJPY since last week. I'm waiting for another leg higher. If it comes, I'll be ready to short it.

Good luck to all the members in the community with the variety of contests. I wish you all the best and look forward to reading up on your blog posts and progress.
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