raschemmel:
Your schematic looks fine but FYI, it is MUCH easier to just pick up a pen and pad and draw a schematic any way you want than to use some funky software and wind up with ground symbols upside etc. Hand drawn schematics are more effective and faster for anything but complicated circuits.
Ahem.
Looks to me as if that schematic was pretty much "hand drawn" and I'm figuring the "funky software" was "M$ Paint".
It certainly wasn't Fritzing (err, I hope!).
It also suggests the LEDs are connected to the normally closed contacts on the relay. 