First & Foremost Very IMPORTANT message of this thread is PLEASE DON'T TRY THIS AT HOME. This is just an experiment from me for myself & if it helps others to discover / invent anything for them then use it at your own risk.
Intuition is the ability to acquire knowledge without inference and/or the use of reason. The word intuition comes from Latin verb intueri which is usually translated as to look inside or to contemplate. Intuition is thus often conceived as a kind of inner perception, sometimes regarded as real lucidity or understanding. Cases of intuition are of a great diversity, however processes by which they happen typically remain mostly unknown to the thinker, as opposed to our view of rational thinking.
Intuition provides us with views, understandings, judgement s, or beliefs that we cannot in every case empirically verify or rationally justify. For this reason, it has been not only a subject of study in psychology, but also a topic of interest in various religions and esoteric domains, as well as a common subject of New Age writings. The right brain is popularly associated with intuitive processes such as aesthetic or generally creative abilities. Some scientists have contended that intuition is associated with innovation in scientific discovery.
For more knowledge about Intuition -------------> Source http://en.wikipedia.org/wiki/Intuition_(psychology)
Another interesting thread that exists in FF about intuition trading ------------> http://www.forexfactory.com/showthread.php?t=240548
About Me I am successful full time job holder in the field of finance. Forex trading is part time involvement & extra source of income for me. But my dreams with this exciting business is to make it my main stream income in coming years. I am very well aware of the fact that Forex trading is just as any other business out there & should be treated so. Apart from becoming a successful Forex trader, I also want to be successful business person, good human being & Philanthropist. Some of the business industry that interest me apart from Investment Trading are Restaurant, Security & Talent recreation industries.
Why this thread ? I am just curious about intuitive decisions in first place. I have had several experience where such decisions have worked for me like a charm & best of decision have come with intuition. Its really hard to put in words what that mean. Intuition decision making is generally perceived by many as gambling / high risk decision, which doesn't have any merits. But on the contrary, I believe intuition decision can only be made with through domain knowledge combined with extensive man-hour experience. When you have both, sound domain knowledge & experience then mind stores few bits & pieces of information which it considers rare & important gets stored to our subconscious mind. And intuitive decisions are made up off such information's from our subconscious mind. So here I want to know from you guys, do you have ever felt that irrespective of your system's dictated setup with all the criteria checked OK, still sometimes there is something that gives discomfort while pulling the trigger & some times there is something gives more comfort for pulling trigger irrespective of one or more criteria not matching as per your system. When you pull trigger & you see price going against you (its all red in screen) still you seemed to be relaxed & sometimes when you pull trigger & you see price going in your favor (its all green in screen) still there is some discomfort. I have experienced this situations & believe me the discomforted setups are the once that usually turn as loser for me. It doesn't happens always but it happens time to time & I don't ignore significance of same. By far any means I am not educating here that intuitive is the only way to go trading or intuitive decisions never fail. All I am saying is I am someone who doesn't write off the power of intuitive decision making.
So after a lot of discussion / arguments about intuitive decision making with my friends, I thought of experimenting it with even trading. No not on my conventional account, instead I have created a micro $100 account (even that was free account received from broker's promotion). This journal will be only part of such intuition trading setups & trades. Just to see how far it can go. Its all about flowing with a flow in the market, staring at charts, switching between time frames & executing trades.
So, if you guys have any interest then please post your votes & let me know how many of you do believe what I believe in.
THREAD RULES:
1) Please respect fellow posters if not as trader, then as human being. So, please be nice to each other.
2) Any sarcastic/inflammatory/racial/personal-rivalry/hate-laced/intimidating post is not allowed..
3) Any post ranting "Dreamy thread"/ "That's high-risk shit"/ "Will lose one day"/ "Lost-shirt stories"/ "WTF"/ etc is not allowed.
4) All those still posting, can feed their online ego/post count, before the post is reported for deletion.
Intuition is the ability to acquire knowledge without inference and/or the use of reason. The word intuition comes from Latin verb intueri which is usually translated as to look inside or to contemplate. Intuition is thus often conceived as a kind of inner perception, sometimes regarded as real lucidity or understanding. Cases of intuition are of a great diversity, however processes by which they happen typically remain mostly unknown to the thinker, as opposed to our view of rational thinking.
Intuition provides us with views, understandings, judgement s, or beliefs that we cannot in every case empirically verify or rationally justify. For this reason, it has been not only a subject of study in psychology, but also a topic of interest in various religions and esoteric domains, as well as a common subject of New Age writings. The right brain is popularly associated with intuitive processes such as aesthetic or generally creative abilities. Some scientists have contended that intuition is associated with innovation in scientific discovery.
For more knowledge about Intuition -------------> Source http://en.wikipedia.org/wiki/Intuition_(psychology)
Another interesting thread that exists in FF about intuition trading ------------> http://www.forexfactory.com/showthread.php?t=240548
About Me I am successful full time job holder in the field of finance. Forex trading is part time involvement & extra source of income for me. But my dreams with this exciting business is to make it my main stream income in coming years. I am very well aware of the fact that Forex trading is just as any other business out there & should be treated so. Apart from becoming a successful Forex trader, I also want to be successful business person, good human being & Philanthropist. Some of the business industry that interest me apart from Investment Trading are Restaurant, Security & Talent recreation industries.
Why this thread ? I am just curious about intuitive decisions in first place. I have had several experience where such decisions have worked for me like a charm & best of decision have come with intuition. Its really hard to put in words what that mean. Intuition decision making is generally perceived by many as gambling / high risk decision, which doesn't have any merits. But on the contrary, I believe intuition decision can only be made with through domain knowledge combined with extensive man-hour experience. When you have both, sound domain knowledge & experience then mind stores few bits & pieces of information which it considers rare & important gets stored to our subconscious mind. And intuitive decisions are made up off such information's from our subconscious mind. So here I want to know from you guys, do you have ever felt that irrespective of your system's dictated setup with all the criteria checked OK, still sometimes there is something that gives discomfort while pulling the trigger & some times there is something gives more comfort for pulling trigger irrespective of one or more criteria not matching as per your system. When you pull trigger & you see price going against you (its all red in screen) still you seemed to be relaxed & sometimes when you pull trigger & you see price going in your favor (its all green in screen) still there is some discomfort. I have experienced this situations & believe me the discomforted setups are the once that usually turn as loser for me. It doesn't happens always but it happens time to time & I don't ignore significance of same. By far any means I am not educating here that intuitive is the only way to go trading or intuitive decisions never fail. All I am saying is I am someone who doesn't write off the power of intuitive decision making.
So after a lot of discussion / arguments about intuitive decision making with my friends, I thought of experimenting it with even trading. No not on my conventional account, instead I have created a micro $100 account (even that was free account received from broker's promotion). This journal will be only part of such intuition trading setups & trades. Just to see how far it can go. Its all about flowing with a flow in the market, staring at charts, switching between time frames & executing trades.
So, if you guys have any interest then please post your votes & let me know how many of you do believe what I believe in.
THREAD RULES:
1) Please respect fellow posters if not as trader, then as human being. So, please be nice to each other.
2) Any sarcastic/inflammatory/racial/personal-rivalry/hate-laced/intimidating post is not allowed..
3) Any post ranting "Dreamy thread"/ "That's high-risk shit"/ "Will lose one day"/ "Lost-shirt stories"/ "WTF"/ etc is not allowed.
4) All those still posting, can feed their online ego/post count, before the post is reported for deletion.
Risk / Trade Management is the name of the Game