Intuition Trading - Unquantifiable Method

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.

Todays Trade GbpUsd

*Edit = +40 pips & running / Stops @ BE
*Final result = +2 pips stops hit

well done ... let's see how it goes in the long run.
Do you have any quantifiable risk/trade management rules, what do you do once the trade is open?
Thanks

I have conventional trading account with proper money management & proper trade management but here lot of things depend on my intuition & my comfort level. In this kind of accounts also I still prefer to use technical, its not completely like open the trading station & pull the trigger with blind folded eyes. Its just that I give importance to my intuition also. Like in this example. GbpUsd, its not the zone / LVL I would like to trade in my conventional account (I have not taken this trade in conventional account). This LVL is full of uncertainty & it would have gone either side from this LVL...Overall long term trend is bullish but medium term trend is still bearish. But I preferred long entries as I was feeling comfortable & relaxed while pulling long trigger. I am hoping to test 1.6150 LVL, I am not sure how long I will hold it, because I will pull off the trade once I experience discomfort with this trade. As of now I have +40 pips & stops rolled to BE, as I m not comfortable if the price dips to my entry again. I m not sure I am able to explain it properly, but I have attached chart to show how I usually see it for my conventional account. Thanks for dropping by, we will see how far it goes before blowing up

Yeah, put it simple - you like the occasional gamble, we all do. And very good that you spare your main account.

LOL thats may be simple way to put it... hehehehe

Sure, I will do that once I restart trading this method again. Atm Im not doing this due to lack of time. I m currently busy with my day job in upcoming big project of my company, so only can spare time to trade my conventional account. But the project will end this year, & starting next year I will be able to trade both conventional account & this account, at that time I will put myfxbook or trade explorer.

;-)

Hi FXSAint
All successful traders posses degree of intuition that is hard to quantify.
Before you can trust your intuition you must trade long enough to know what NOT to do and what to do.Its same in the Arts before playing jazz it helps to know how to play "twinkle twinkle little star"
Wish you sucess
Regards

Davit,

Very well said, received your message loud & clear. Thats same what I meant to say to others by this thread, unfortunately, didnt have enough time as of now to update this thread, but hopefully, will do my best to keep this thread going ahead.

;-)

hey saint.... just now noticed your last pm.... here ya go.....h
//-----

Wonderful, woke up with the gift from you... many thanks for your time & effort to code this. It is perfect as far as my requirement is concern, very precisely & neatly coded, just impressed. And regarding your office like any other here, can only feel jealous as its unique & wonderful place to get things done. Once again let me thank you for your effort to help me & many other on many occasion to people here in FF. God bless you & family, love ya bro.

Saint

I read all indicator's formula i use to help have a feeling what it actually doing, to refine the way i see the chart.
I shift the trend indicator, but not the oscilator.
Used indicators too to help give more structure.
I backtest test this manually, in all market. Look for condition that will lead me to the time-price point on the chart. This condition must not be so rare that it is almost not applicable or never show up anymore.

Now there is at least a number condition that i believe to certain condition.

Indicator i use are MA, BB. They are all shifted with certain ratio based on of one which one the based, either MA or BB.
This settings makes parts of indicator result will be use to help your intuition to predict how will price will be relative to indicator value shown on chart.

I use RSI.

I use ATR to measure average range of the candles, so that i knew what i am waiting. How long it's going to be.

I do multiple time frame analysis.
How do i enter based on RtRR(risk to reward ratio, risk : reward). Bigger reward, will make entry harder, which means i have to entry in a much shorter time frame while the main analysis done in a much bigger time frame.

In a (i call it quite extreme) situation like 7 or more, i could be analyzing in weekly(W), but the entry will be in a m5. I'll be waiting for weeks for a position to open.
But i rarely do this. The higher reward will takes more time. Most of the time, twice pips require 4 times longer holding position.

There's a technique i use to increase RtRR without sacrificing significant decrease of WR(win rate)

Theoretically you can don any risk to reward, but due to spread size and availability of time period chart available, this makes it harder to keep increasing risk to reward ratio.

I also read about candles combination, chart pattern, and elliot wave.
Fibonacci retracement, regression linear, trend lines, cyclic time lines.

I don't only use intution exclusively. I use Technical Analysis(TA), until there is vague condition that is bias toward certain direction and approximation about where SL and TP can be.
In time the SL and TP is being refined until about 4 hours for position to be open.
My analysis is looking to find SL/TP, not entry. Since entry surely in the SL - TP range.

At what price the entry will be?
It depends on your RtRR.

So not 100% intuition. Partly intuition. I call it educated guess.

Now here is one more.

Anybody ever learn shooting?
Let say you are shooting at a target.
Your shots hit a wide area.
What should you do?
Make it gather and certain narrower area. And keep doing it until it's just slightly miss.
But it's still not in the center.
Now adjust your shooting regarding your missed shot.
That way you now can shoot at the center point.

That goes to trading too.
SL and TP helps to mark where your shots lands.
If it's to wild than you will have to make it much more clustered in a certain way just like the shots.
That way you can adjust your SL/TP for better WR with the same RtRR.