End of Day trade journal

Howdy folks,
I've found this site to be a wealth of knowledge, so I've decided to try my hand at a journal. I've been trading a live mini account since 8 Dec 2006, starting on an end of day (24 hour) chart and then moving to a five minute chart. Due partly to not being able to get home on time to trade the most volatile periods, I've decided to go back to my 24 hour charts.

I use a 4 hour chart to set risk and to enter into highly trending markets. The only indicators I use are a 20 period simple moving average (20MA)and a 3 (3,1,50,50 are the settings) period fast stochastic. The rest is reading what the bars do and having a comprehensive set of rules to deturmine when the market is in congestion or over extended.
For the end of day chart the 20MA is the secondary indicator for entry into the market, and is the one I usually use. I look out for a pattern of trend swings to look for something to overide the 20MA and trade in the opposite direction.
The intra day charts use the 20MA as the primary indicator and use the modified Stochastic to help deturmine entry points, but not direction.
I will be entering in with three contracts at a time, each with it's own exit rules. The first (C1) has a limit of double the risk, the second (C2) uses a manual trailing stop and the third (C3) stays at break even until I see a signal to trade in the opposite direction.
I don't pyramid, ie add in more contracts, but If one or more contracts stops out I will seek to replace it if a signal comes up.
I trade on EUR/USD, USD/JPY, AUD/USD & GPY/USD. This is in approximate order of preference but If I see multiple entries then I'll chose the one that looks best. Once I'm at break even on one trade, then I'll look for entry points in another pair.
I enter break even as soon as my rules allow, it is better to reduce risk so I can play again another day. Also, once at break even I am no longer risking my capital and I can enter another trade on a different pair.

Trade #1
EUR/USD: is too close to a resistance line of 1.3452.
USD/JPY: long
C1: Enter at 119.41, stop at 119.22, sell at 119.79
C2: Enter at 119.41
C3: Enter at 119.41
AUD/USD: has just left over extension and is okay to go long on.
GBP/USD: is okay to go long on, although I suspect it wouldn't trigger.

EDIT: The above numbers include a 3 pip spread, the actual entry is at 119.38

The market didn't move much because of all the holiday makers so the trade didn't go live. Re trying as below.

Trade #1
USD/JPY long
C1: (entry) 119.41, (exit) 119.16, (limit) 119.88
C2: (entry) 119.41, (exit) 119.16
C3: (entry) 119.41, (exit) 119.16

NB: The new bar doesn't actually start for another two hours, but I have to go to my work.

thanks for starting this journal.

Keep it up!

The first trade didn't trigger but the signal is still good to go long.
EUR/USD, GBP/USD are still too close to resistance and patriotism isn't going to get me on the Aussie, although there is technically a long signal there.

Trade #1
C1: entry 119.30, stop 118.75, limit 120.44.
C2: entry 119.30, stop 118.75.
C3: entry 119.30, stop 118.75.

I was looking at entering at 119.27 and exiting at 118.92 because this would be a fair bit less risk but I believe this is the better option.

I've been recomended a book called Emotion Free Trading by Kerry Levin which I'm about to start reading. I hope it isn't tooooooo boring

Trade #1 has entered the market, now I wait. This is the hard part.
Break even is when a full bar clears the original entry point or when C1 sells.

My chart has a lot less pretty lines than most that I see here. Some times I get indicator envey!

Trade #1 stopped out, costing me 155 pips all up.

I won't look for an entry point until Monday.

The EUR, GBP and AUD are all over extended so no trading on those. The JPY looks good to go short on though.

Trade #2 USD/JPY short. 64 pips risk per contract.
C1: entry 118.09, exit 118.73, limit 116.81.
C2: entry 118.09, exit 118.73.
C3: entry 118.09, exit 118.73.

Stopped out, which was difficult to watch seeing as each contract was quite a way ahead some time yesterday... Oh well, I try again on Monday.

Whew, this is the psychological part of trading, trusting my system and putting in another trade after two losing ones. If this trade doesn't make a profit, I will (as per plan) put support and resistance lines on the extremes of the three trades and wait for a close out side of them.
I've been agonising about which direction to trade the USD/JPY. There is a price action signal to trade short against the moving average however it isn't as clear as I'd like. I'll go short anyway and if the signal is wrong, then likely all that will happen is that the trade won't trigger.

Trade #3 USD/JPY short.
C1: entry 118.40, stop 119.00, limit 117.2
C2: entry 118.40, stop 119.00.
C3: entry 118.40, stop 119.00.

I got my signals mixed.
There was no valid short signal for the end of day charts. As I'm more interested in making money through skill than luck, I'm taking this trade to break even early.

EDIT: There is a valid short on my intra day 5 minute charts, which was the source of the confusion. Lesson learnt.