Certainly. Would it be any other way? I think not. When defining cycles using indicators (meaning a sensitive, articulated and balanced combination), it comes down to handling the cases by codification. It is more common to use logic (rather than rules), since rules have limitations in their scopes and bounds. Take the six cases of any two line indicator; there are four of one kind and two of the other kind. Cases emerge from a logic tree. In the above, my languaging is according to Carnap for logic and Keynes for "kind". Codifying can be quantified by lines required for the logic.
I'm in that learning phase still and sometimes you just have to take a step back and look at the big picture to decide where to go next. See I read into different stuff here and there and I picked up one of those interview style books about quants a while ago... Every chapter is about another person out of MIT or some highly credited school, naturally gifted in the most advanced mathmatics who puts vast amounts of data through the most complex mathmatical algorithims just to get a measly edge on the market. If people like that are having a hard time it makes it seem like anything Frankie Fibbonacci does at home in front of his pc seems as good as looking at the clouds for trading signals. But I know thats not the case and people do make money who arent rocket scientists. I am just curious if those people may or may not be aware that they may have a keen intuition which they take for granted.
the time difference between concious analysis and acting on the information one's brain has processed after staring at charts for x hours, 6 days a week for many years may for some be described as an intuition/esp response, but that act of making a trade repeatedly without conciously evaluating the why of it may describe the intuitive trader
And you trade like Mr. Magoo drives a car <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2711538>
Ask anyone who trades down in the pit and they'll tell ya they're trading by the seat of their pants, whatever that means. You'll just have to stick around long enough to know what that means. I can assure you that you'll know it when you get there.
Even the best trading system wont tell you what will happen next. Intuition is used to fill that gap. If you cant trade off your intuition, you just another analyist looking at charts.
The best fighters, fight Fighters who think while fighting, get their ass kicked It's all about your experience with reading your enemy Trading is no different It becomes instinctual after awhile
I make some trades based on intuition, normally in the short/medium-term time horizon. It's kind of tricky especially when it conflicts with your analysis or system. Striking a balance between genuine "intuitive" trade signals, and impulsive hopping in and out on random noise, is not easy. My rule of thumb is, if I feel really bad about a position, I will get out even if my other "rules" say be long. If the market then strongly confirms my view, I will consider reversing and going with the new move.