I have recently returned from a holiday in Japan, where I was lucky enough to witness first hand the spectacle of sumo wrestling. I was surprised that after such extensive training (and eating) the actual bout itself is over in just a few seconds. Much like some trades, sumo appears to be all in the preparation and execution.

As we head to the end of the year, I trust that with YTE close at hand you will go into 2010 well prepared, no matter what the market throws at you. In this issue Garry Abeshouse concludes his look at Market Cycles (page 26); we welcome Kyle Waller and Casey T Smith who explore the world of opportunities created by Exchange Traded Funds (page 38); Gary Norden commences his series of real-life lessons learned from the trading room (page 22); in our cover story Akhilesh Kamkolkar looks at scale trading strategies for commodities markets; and as trend-following strategies come back into focus YTE's Ben Power catches up with Michael Covel to discuss trading strategies and his new film, 'Broke'.

From all at YTE we wish you a safe and enjoyable holiday period and look forward to continuing to give your trading the edge in 2010.

Until next year, happy reading and profitable trading.