MY trading journal

I am currently testing a simple strategy.

My strategy is to spot momentum @daily and weekly charts.

Once the momentum verified, I will use the first 4 hr candles of the next day to make entries.

**I believe in my ability to spot momentum easily. If i hesitate i will drop the idea of trading for that particular instrument that day. ( important)

Entry:

Sell and buy stop @ top and bottom of the 4 hr candle.

I will RISK only 1% of my account for each instrument.

MAX risk per day 5%, WHICH means 5 instruments only.

My risk: reward is 1:3 for both sell and buy.

My exit strategy;

I will either get closed after the profit limit or manual close if i see NO MOMENTUM on daily/weekyly charts.

Notes:
I will test this strategy for at least 3 months.

I will update every entry and exit details each day.

The most important is not pips but the percentage i win or loss determines i make money or not.

Account:
I am starting with a $200 balance.

For FF members:
Thanks for being supportive.

TODAY OPENED AND PENDING ORDERS.

Momentum verified on previous days:

AUD/USD, USD/SHF, EUR/USD, GBP/USD

After carefully studying each instrument.
I was not able to detect any momentum previous daily.

Therefore,
These are my previous day's trading results. Managed to increase 4% of my account balance.

Account balance; $2040

Based on weekly candles, I have managed to spot momentum on the following currencies.

EUR/JPY, USD/CAD, USD/JPY

These orders below should run until the next or if hit the profit target or lose momentum will be closed manually.

Today momentum verified on these 3 pairs.

eur/usd, usd/chf, eur/jpy

These are the orders for 02112012