AHA moments in your trading career

gawd thats alot of AHA but good keep em coming

regards damien

I have learned to look for the charts to tell me a complete story. For a long time I felt I could find a magical mix of indicators and beat the market. Now I have learned that all the pieces have to line up and make sense. Now for a short sale I have to see a trend line break, a fib retrace and the macd turn down all very close to each other. I used to just look for one of the three.

I had a big A HA moment 12 months ago when I decided I needed some external and impartial help. I wasted 12 months before that, fookin around trying to get it all sorted in my head. http://www.forexfactory.com/showthread.php?t=229204

1. Technical analysis doesnt work!
2. Fundamental analysis doesnt work!
3. Risk analysis works!

Found a mechanical trading system that has a high positive expectancy.

AHA moment :

When I found out if it looks too good to be true, it probably is; indicator repaints the last 1-6 bars.

I conquer, here's how I made it. Take profit as soon as you can in this mkt...never let a winner turn into a looser...there is always another trade around the corner.
Cheers!
E

AHA moment :

You must learn to empty your cup if you're learning this business.

The real problem isn't the market or technique, it's my perspective!

AHA! I need to use Forex Factory more often! Lots of useful information.

Thanks for all the tips.

another AHA i had and want to find out if anyone else had it. how many of you come into trading with a set of morals from the outside world that you always follow get to trading and throw them out the window. like jumping in without thinking. risking alot of something for a small gain. how many of you would actually risk $5000 in a poker game if you thought you had a crap hand? but then risk that on a trade you most of the time know is unlikely to be correct?

regards damien

scalping is about momentum. If there's a good early warning to quality of the trade is the time it takes for you to get paid. If the trade is in the black within 'moments', then it's a good trade, if it's lingering...just get out (don't just let it hit your stop loss!). Scalpers edge is in the method and large numbers, so don't let one trade screw you over.

like the AHAS so far anymore out there theres got to be doesnt there?

regards damien

everyones perspective interpretes ah ha moments differently,
i think was as students get ehm every day, but it takes time before they actually sink in due to pride,ego and stubborness..
yeah i know, i cant spell, who gives a flying pig!

I read what everyone else was doing and went 'AHA' I won't be doing that!

AHA Moment today:



Both figuratively and literally (lol).

Ahhh... Uhhh... Uhhh Oh... UH OH... Margin call.

AH HA!... Don't do that again.

For as long as you can see the carrot...

I've had too many to recall over the years but I think the most insight I gained into my trading came when I realised I had a natural tendency to be bearish. In trading terms, this meant I was much more comfortable short-selling and I was very wary about riding the middle part of an uptrend.

Realising that (for me) it was far more difficult to trade a single instrument to try to exploit its "probable movement" than to understand the relationships between different instruments and to exploit their commonalities and differences.

mine was about constant position size, i would be making pips and still loosing money.
second one was to not read anything in interactive forums while trading, messes with your head