Would be great to know your reasoning behind choosing day trading over swing trading on a daily. From the impression I get your life is too busy to focus in the morning maybe?
What level were you looking at to go long on the AUD/USD.
I went short at the level of 0.64731. That was at 10.50 last night. That failed and price punched through that level. I did something I rarely do and that is reversed my position and got luck covering my loss and making a little extra. I closed that trade at about 12.15am.
Have a great day.
Cheers
Blackduck
Sorry to give you that impressionāI donāt day trade, anymore. Though some trades would be considered in a technical sense a āday tradeā but I have no control over the speed of price movement.
Friday was just crazy because of changes. What else can I say, I was caught off guardāI did not expect to see the setup so quickly.
Yes it gets busy in the morning and things change often (kids is going to school, then next day not, wife needs to go to work this time, then changes; DST changes when FX resetsā¦) but Iāve coded an army of EAs and other gadgets to help.
If thereās a will, thereās a way to make it work. Adapt and overcome, thatās what we always say in the military.
Update: I forgot to say, itās hectic in the morning and around evening and thatās why I had to stop day trading. It doesnāt help when kids or other kids parents come talk to you in the middle of a trade, etc.
I love my setup now, itās so relaxingājust have to iron out discipline issues/inner chatter.
Oh okay, Iāll tell you but donāt get too hung up on it because I analyzed your trade plan when you mentioned it and I concluded thereās a good chance both of us would make money given that your TP size is usually the size of my SLāand price usually pulls back. I thought the pullback would hit your TP.
The level of interest was around .64455 but mind you, I did not care about that level until around the time you mentioned Tom Cruise. I just knew that .6414 was the line in the sand and the price action had to happen between .6414 and 64.72; and that 64.72 didnāt seem to be of particular interest.
I had planned the trade Sunday night and I was waiting Monday for price action to confirm my analysis.
Itās just one trade.
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Yes quiet the distraction. Enjoy you day off.
Cheers
Blackduck
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Wednesday
I think itās safe to say Iāll have plenty of time before showtime from now onābut Iāve also managed to forecast well in advance if thereās a trade or not.
With that said, I see something setting up on NZD pairs but I do not believe anything will happen today; but I will check in once in a while.
I am feeling refreshed after my break and I think I will make today a sort of day off as well.
Honestly though, I didnāt really take a break. I was thinking about trading strategies a lot.
The difference this time is Iām not thinking of the usual strategies you discover when youāre just starting. I have wasted almost four years on manual and algorithmic backtesting and completely neglected the foundations.
I look at all my strategies that had worked in the past and the failure point usually just comes down to patience and execution. Of course some failure points were from the fact that the strategy did not match my personality and psychology.
Thoughts yesterday:
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No more watching live tradesāeverything is planned, so whatās the point? Thereās nothing to do. But then, if I donāt watch and feel things, what else can I write about in my diary? Dilemma, dilemma.
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Need to figure out my sizing strategy, itās hard, because my setups run like freight trains, usually only pulling back in the beginning and sometimes not (Blackduck knows).
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No more just saying won or lost. Itās just āstrategic winā no matter what; except, if I donāt follow the plan or change the process without a valid reason, then I will say I have suffered a āstrategic loss.ā
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Equity curve tells me everything I know about my processānot single trades or PnL. Looking at it now, I can see the exact points I have allowed myself to be influenced and where the process was inadequate.
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Maybe I will also try to stop personalizing my trading: I lost, I won, I had a strategic loss, I, me, mineā¦
Well Iām off to look at my winners bible. Iām supposed to look at it every day but Iām the type of guy who is so passionate about the markets that itās hard for me to be unmotivated/lose sight of the end goal. Not that I feel unmotivated todayāI just need extra reinforcement.
Update:
Who am I kidding. There is no NZD setup today. During my long walk I realized I had convinced myself that thereās probably something there. The sneaky thought: āWell, if you measure the range of this move it would be about the same as what youāre looking for.ā
This is reinforcement that I should not be scalping/day trading. I would have several trades by now and I would have only caught the error after the fact.
I think my subconscious is antsy about making money but itās better to develop good habits now and keep the money rather than make the money, then lose it all later. I have to do this or there is no future.
Iām going to study charts to reinforce what I am looking for. Additionally, Iām going to continue finishing the podcast thing Iām doing for the blogānot sure which one I should release first though. Does this sound interesting?:
āFrom a score of 1-10, what was your best performance. Where are you now and how can you close that gap? If your best performance was not a 10, how do you get to 10 once you bridge the gap? 10 being, your picture of the best.ā
Actually thatās not an exact quote but I hope you get the gistā¦ No response means I release the other thing Iām working on, ha!.
Final thought/food for thought, to end the day:
During the Vietnam war, the U.S. won every single battle but in the end, they lost the war. Reverse: The North Vietnamese lost every battle against the Americans but they won the war.
If no more watching live trades is more profitable and your diary misses a few entries because of it - go for it.
Also I think your probably too focused on the markets - it creates tension and where there is tension there are poorly executed trades
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Yes indeed 
Iām learning to let go of my babyāgotta let the kid spread its wings when the time comes!
Iām curious what is your winners bible??
Cheers
Blackduck
Well, I was gonna blog about it but, what the heck. Iām not going to leave my RIO hanging.
I picked up a book by Dr. Spackman, a cognitive neuroscientist and coach to F1 teams, etc., called The Winners Bible and in it, one of the things he said helped his clients was creating a winners bible. Itās a living folder of stuff that helps rewire/reinforce things in your brain.
Just like meditation and dieting, it doesnāt work right away. Youāve got to stick to it for a while.
Cheers
āEveryone will think youāre crazy, until you pull it off.ā
Interesting. I have read books like āThe Talent Codeā and self help books by Bob Proctor and Dr Bob Rotella. Having played sport at an elite level I understand the power of positive re-inforcement.
So I will eagerly await you blog on āThe winners Bible.ā
Cheers
Blackduck
Aww man, I thought I was off the hook writing that blog!
I have heard mention of Talent Code twice today now (mentioned in the podcast Iām listening to), I think that means I need to get it! But first, I need to be able to afford beer hahah. Well I think itās Talent Code.
Since you played sport at elite level, I think you will enjoy one of the series Iām launching starting Friday. But you know, none of this will help you if you canāt put that picture of Tom Cruise down while youāre trading.
Youāve got to focus!
Oh yeah, I forgot about public libraries. Yes!
No such luck sunshine. 
The book āThe Talent Codeā is more geared to physical achievement as it explains the importance of creating muscle memory and establishing strong neurology pathways. However the act of being dedicated methodical and consistency goes a long way when developing a sound trading mind.
Tom Criuse is a distraction but so is my husband. 
Cheers
Blackduck
Hmm I can create a muscle memory to slap myself when Iām about to move my stoploss or enter too soon, sweet I am reading that book.
Happy trading tonightāmaybe put on Top Gun movie for your husband so they both leave you alone. Just say itās preparation for part 2.
(This is where I insert an emoji but I still canāt get it to work on Chrome)
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In all seriousness perhaps with your limited time you shoud explore trading options on the futures market. You can trade options on currencies as well as gold oil wheat corn live cattle etc.
I position trade with options and it is less stressful than day trading.
Cheers
Blackduck
Thursday
I see great setups today. Today, I hunt.
The gods have awakened me last night, I am ready for total war.
For this I need focusātime to silence the external chatter. Goodbye forever.
Sincerely,
Howard Roark
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Wow thatās extreme. Anyway astalavista baby.
Arrivaderci
Blackduck