Intent of this jounal: 1. Provide a record of mental states/intentions that can be later reconciled with real world actions. 2. Keep track of my trading performance. Description of trading approach: Medium term trend following system, 100% mechanical. Worst case drawdowns (all markets fully pyramided) are limited to 5% of equity per week, with any subsequent (ie nonpyramided) drawdowns limited to 2.5% of equity per week. Markets traded include the most liquid crosses, with spread relative to daily/weekly range the prime criterion for selection. Initial goals: Trade the system without discretionary or systematic modifications until Jan 1, 2006. Record trade statistics. Observe my psychological responses to winning/losing/treading water streaks. Once these goals have been reached on Jan 1, 2006, reevaluation of goals will be undertaken. Background: I'm 22 years old, a Civil Engineering student from Canada. I've chosen Oanda as my broker due to the ability to implement my chosen money management strategies with limited capital.