Expectations

A serious mistake here : in the middle of a strong move and after some green bars, I believed it was time for a retracement. I went contra-trend and...I lost 7,6 pips. I had the  "honesty" to accept my fault relatively quickly and then I entered in the right direction and got the pips back.

I wrote this a million times before : Our beliefs, expectations, assumptions are the perfect way to perdition, especially when trading. What every zen monk knows very well.

Out of the box

Range bars show ..the range much better than candlesticks. 4,9 easy pips here, just by putting a buy order above the rectangle. BUT, if I wanted more, I would be kicked off with a loss. That is the edge of the scalper : he needs a few pips only, he is modest. Otherwise, he's lost.

Slowly down

London opening

Same scenario

Same scenario as on the previous fx post : collecting pips when bying ascending supports and getting anxious, having fewer pips, if not losses, when bying breakouts It is very simple, isn't? Some cunning fellows charge you (a lot of) money to teach you this..