A Paper and pen probably would of saved me a lot of time. The problem is that the data is not what I want. Volume is wrong at least its colour is.Maybe I am wrong. the independent variable, to me, Is a measure of the raw data. The T and S is a bit hard to write. But thanks, I will reread your post a couple of times.
I think it depends on the time frame. On a longer time frame, one could use pens and paper to chart the market instead of a PC. On shorter time frames and day trading, you need to be able to anticipate price movements faster.
Getting back to Intuition, I find that information is given in such a way that it is not possible to go through without intuition. But intuition in a new field such as going through a database of information is half luck. Maybe staying open is some thing. But is it smart ? Does intuition = smart ? It seems like luck. but being open is something. though a paper and pen is good too. Is there really only a 1% chance to get the right attention ? The site has so many doors, that lead to doors and doors. What is the use? I guess I tend to like back doors. Maybe it helps maybe not. I'm sure Id make a terrible student. I have been all over this site and there is NO direct path. If there is I just don't ever see it. I may avoid it. This is how my intuition works. stay clear of the obvious until the obvious needs to scream. I began trying, It does not work. I let my demented mind bring me here. All I can say about intuition is this : Intuition is the fundamental aspect of ones being, That which true vague wrong. But it is not manipulatable. The reason for this is that only one can manipulate one self. but you can never manipulate you. you are nothing. you have nothing you have never changed. your intuition is just that. nothing more then compass or where to put your attention. It is your independent variable. All I do is guide that is all I am the rest is done by my half lazy half assed oneness.
I do not hesitate to maintain, that what we are conscious of is constructed out of what we are not conscious of - that our whole knowledge, in fact, is made up of the unknown and incognisable. Sir William Hamilton (1865) Outside consciousness there rolls a vast tide of life which is perhaps more important to us than the little isle of our thoughts which lies within our ken. E. S. Dallas (1866)
I have not been on much, I thought I added you Hershey but it seems I may have made a mistake.Barring any other distraction, I should be back on track by next week. Distractions are the main reason intuition fails in my opinion, it is also the main source for new intuitive thoughts. Amplifying intuition is complete, I think it should include a system to also develop new intuitive ideas.
SENTIMENT READING AND INTUITION AMPLIFICATION Sentiment is a state of mind of an individual or a group of people that is a result of their perceptions, feelings and emotions. It directly influences our attitude toward something and promotes our opinions, actions and intents. Sentiment is responsible for the formation of our BIAS and it also underpins our Decision Making process. Sentiment manifests itself through the optimism or pessimism in financial markets, politics and our social lives. An ability to quantify, assess or measure sentiment enables us to anticipate or even predict future actions and intent thus helping us to make decisions and guide our own actions accordingly. There have been many attempts to quantify the sentiment of traders. A ratio between the open interests of Puts and Calls is just one example of using quantitative data to measure tradersâ sentiment. Another is the âCommitments of Tradersâ report issued by the CFTC (Commodities Trading Commission) which shows a breakdown of each Tuesdayâs open interest in markets where at least 20 traders hold open positions equal to or above the commissionâs specific reporting levels it has established. Of course creating a unit to objectively measure the sentiment and building the sentiment measuring scale are not easy tasks. As many subjects studied in Mathematical Psychology, sentiment is a multidimensional phenomenon that is extremely difficult to model. However, if we narrow down the scope of actions that we are trying to anticipate it creates the opportunity of quantifying the sentiment through those actions. This approach allows us to build indirect measurement scales to quantify the sentiment through the use of measuring units related only to those chosen actions. For example, if we only focus on buying and selling activities of traders their sentiment could be described as âbullishâ or âbearishâ thus creating the opportunity of quantifying it through the intensity of those actions. Overall, measuring the dynamics of the Order Book has been my approach to quantify tradersâ sentiment. In turn, a quantified level of registered âBullishâ or âBearishâ sentiment is one of the most powerful tools for developing a reliable anticipation of upcoming price moves.
Generally speaking, the Order Book is a mirror that reflects the intensity of Buying/Selling activities that in turn result in price fluctuations. By simply observing the ever changing dynamics of the Order Book one could literally âseeâ the âbuilt up pressureâ on either the Bid or the Ask side of the book. It is also very apparent that this pressure eventually moves the top of the book towards the higher or lower price levels. If we could easily absorb all the significant changes of the Order Book in real time we could reliably anticipate immediate price changes for a security. In the past there was a special breed of traders who called themselves âtape readersâ. The term gets its name from the old method of displaying trade, bid and ask information on paper printed by ticker tape machines. Those traders could anticipate price fluctuations by simply watching the ticker tape that carried real-time prints of each trade, bid and ask prices. As the speed of trading and trading frequency increased there were less and less âtape readersâ; it became much more difficult to reliably anticipate the price moves by just visually scanning the ticker tape. Today there are very few âtape readersâ left simply because the electronic equivalent of the old âtapeâ moves too fast for the human cortex to absorb and process it. However, we can fix it! My IAs allow anybody to become an excellent "tape reader".