Quote from mrnate22:
Nodoji,
I was right on the first one, I was right on the second one and I was also right on the third one.. Remember you said u were a scalper and take 20 cent profits.. I knew the next bar on chart #3 would go up which is why I said buy and it did..
This is another mindset problem for you to work on: The belief that you are proven right or wrong based on the outcome of a trade. The only trade where you're proven right is the trade that fulfills your entry rules and is managed according to your exit rules. Whether the outcome is a profit or a loss has no meaning whatsoever.
This right/wrong mindset based on outcomes is probably responsible for a great many spectacular losses.
By the way, I'm a scalper but I'm not a micro scalper. If you were long during that first pullback bar on Chart #3, price moved barely over .10 before continuing in the direction of the trend. You'd have no problem scratching the long trade, but by positioning counter-trend without a reversal signal, your bias at that point would likely have distracted you from reversing at the short trigger where there was .60 of downside from which to extract a nice day's pay with just a single contract on.

). Maybe that will generate more interesting discussions. I appreciate your clear analysis as always.