H4 Power Journal

I m planning to journal all my trades here.

System: H4 Power by 60minuteman.
http://www.forexfactory.com/showthread.php?t=421431

Risk:5% per trade

Basic Rules:
1) Trade in the direction of previous H4 close.
2) Enter when M15 englufs in the same direction.
3) TP is not fixed. Trade will be closed watching the reaction at SR
5) Risk to reward > 2

About my chart
magenta line shows monthly SR

Gold short trade

Entry: 1314.25
SL: 1315.75
TP: 1306.50

Trade closed at 1306.75 for 75pips
R:R = 1:5





Trade closed at a major Daily SR

Gold short - Failed trade
Entry: 1310.36
SL: 1313.40
TP: 1306.96

30 pip loss.

EJ Short

Entry: 132.89
SL: 133.05(16 pips)
TP: 132.61(28 pips)

Hit TP for 28 pips



I was away from the chart. So put a TP at the daily SR.

Two loosing trades
1) GJ long - 15 pips loss
2) GJ long - 8 pips loss