This is an update based on the trade progress following the 07.01.2012 AUDUSD trade outlook. I took a small short when the price went to test the high at 1.0598. I managed to sell the AUDUSD at 1.0582. I took my profit the same day to increase my stop loss buffer for the next sell. I just sold the AUDUSD again at 1.0573 and a pending sell order at 1.0620. Was away when the move up happened. My stop loss would be when the price closes above 1.0624.. My first target would be the 1.0490 and second at the low of this month. I will break even my entries if I see substantial in the money trades like 30 – 40 pips.