Let's take a practical example of the tetrahedron that we see constantly repeated in endless ET holy wars by likening it to the story of the 3 blind men and the elephant. The first blind man feels the tail and then walks round to the other end, feels the trunk and declares the market is like a snake. The second feels the side and walks round to the other side and declares the market is like a great boulder. The third feels one ear and walks round to the other side and declares they are both wrong for the market is like a huge leaf. Jihad breaks out with flailing white sticks when progress could be made if the three were to understand each others reasoning and test each others conclusions. The more What-If questions that can be answered the more blindness can be removed but the interesting thing is, most traders want to remain in their comfort zones. The psychology of traders is fascinating. I have watched one adamant trader get banned because of his belligerence against anyone who disagreed that volume charts were the controlling influence in the market. He insisted time is the problem and must be eliminated but didn't understand you can't divorce the market from time - the color shifts are always there. Another trader insists Range charts are the best means of eliminating the problems of time and pace but thinks the emotional coloring is absent because he can't see candle signals. Still most traders are using Time charts while referring to the movement as Price Action when it is Time that moves the chart from left to right. The concept of trading time is therefore not developed. Whether we realize it or not, we are all trading a conceptual model and the limitations of that model impose limitations on our intuition. Expanding the conceptual awareness of the known universe in any subject is the birthplace of great developments, but because it is hard to get off the hamster wheel and few are creative enough to take the leap ET tends to breed more wars that educational threads. But that doesn't have to be such a great issue if someone has invented the wheel that can help you make the breakthrough. I'm here because I am looking for another piece of the jigsaw that would take too long for me to try and get to grips with so I will piggy back on some of MAESTRO's ideas.
Yes, that's more or less what I mean. Intuition is basically knowledge, but we simply lack proper tools to objectively use intuition. If those tools were developed, abilities of reading subliminal knowledge would greatly improve and we get access to much more "processing power" of our brain.
I generally like to bring subliminal matters on cognitive level, so possible tools could be visual/audio training in order to recognize intuitive "calls", first learn to react to them in a systematic manner, then bring them up to cognitive level and analyze them consciously, eventually seeing what exactly market inputs they correspond to. Similar to how certain psychological practices help to understand subliminal motives of certain actions.
Sounds similar to the technique I use, first keep the mind very quiet, try not to have any thoughts. Then when I look at the chart, if a number or price pops into my head, I follow it by consciously asking: where did that thought come from? is that a real number (by which I mean, a real intuition)? or do I just want to make a trade to make some money? or am I hesitant because remembering the loss from last Tuesday? If you can keep your mind quiet with very little conscious thought, the first responses to those questions are very interesting. Sometimes I find I think something that came from a very irrational source, other times it holds up against the cross-examination.
Last night I met with a good friend of mine. He is a director at a psychiatric center. We talked about some of the behavioral aspects that he deals with in helping patients evolve to hopefully better quality of life. Then we talked about how perhaps some type of apparatus could help traders change behavioral chains associated with negative experiences in trading. The idea that comes to mind is the study they used behind the whole biofeedback (subjects were able to regulate their blood pressure via immediate feedback). Thus, they were able to develop new immediate responses to given feedback. I thought of this thread. And, I think perhaps something could be done along these lines. I apologize if this was already talked about. I haven't read the entire thread (It's super long). And, usually by the time I've thought of something, someone is already working on it. Now a days I don't keep my ideas to myself. Instead I hope that someone else could run with it. Any ideas or feedback on this?
So you are suggesting to work backwards, keep your mind empty and let a price pop up in your head and try to fine out where the number came from. Maybe (for example) it was a fibonachi retracement, a channel line that was not drawn or some thing in the time and sales or level 2. Either way you go back and find where it came from and then test the idea. This can all be bypassed by simply trying different ideas. by trying different ideas you will test the fib's the channel and the level 2/time and sales. So there is no benefit really. Maybe the sub conscience can come up with ideas alot faster ? Either way it is not a lack of ideas that are the issue, especially with a database of ideas at ones finger tips. It is properly testing the idea. The testing is done on a conscience level. it is programming, charting and making systems. Actually, I tend to rely on my sub conscience too much. i have a bunch of ideas but none are tested on the right level as my conscience mind is too lazy to learn and apply strict measures. I am feel like the thread is building up, slowly, to something. It attracts me as it means less work for my conscience. but maybe all of this is nothing new for some one that is already has an open mind and is willing to try anything, even if it is not logical. As for the bio feedback, being a means to control blood pressure and what not, I can see how this can be. I do not see how it would help in trading or learning to trade. There is no connection besides it being linked to intuition and intuition is a thread on a site related to trading. This just may be a way to give hope to a bummed out trader who has failed and ready to accept just about anything. It would be believe that the answer to trading is already in the head after the number of hours spent learning. Such an idea of it being in there can bring one back in the game as the investment of conscience learning is minimal. Instead of the GURU taking our time or money, we now can give it to a new industry. psychology, then move to yoga and they meditation and since we are so far in we can try exercise. It is not long before we start to try to control the markets tensing our muscles and squinting forcing the market back down. Is there any reason to assume that the sub conscience is a better trader then I. From what I see, the mind (including the sub conscience) is terrible at probability. (unlike the rats or monkeys as stated in other posts). Our sub conscience is weird to gamble. It is easily fooled by a calculator. So where is the benefit of the sub conscience ? Is it simply to give us ideas? to keep our mind open to ideas. to learn about game theory and probability and quantum physics and volume coming before price and that risk can be delayed ? I can do that on my own, through the conscience or the sub conscience, it really does not matter. Maybe I am different in that I do not need new ideas or to keep an open mind ? but if most are like me, they need a paper and pen.
I guess the idea is built on a premise that "successful trading" is counter intuitive and that maybe biofeedback can help form new thought processes that can become "intuitive", or more second natured.
I want to buy a car on Monday and the owner says he replaced the old engine with the new one wilth low milage.My intuition says smth is wrong there.What should i do?:eek:
So its all about opening your mind to new ideas. Again maybe it is just be but this can be done without biofeedback. You get rid of your believes and replace them. but with what ? a willingness to be open. this is a sea of infinite possibilities. You have done nothing but brought yourself at the day where you first learned of probabilities. now you are open. The assumption being made is that by being open one gets to see the light. So all that has to be done is test every idea on ET add in other sources of info. great maybe i can start and my great great great grand kids can reap the rewards before the markets are closed. setting aside all that has been learned does take out a lot of crap that may of been limiting one. That is easy. What to replace it with ? CAn I count on my intuition to find right path if the "answer" is has not come across my eyes? or is it all trial and error ?