Scalping: Do You Have or Believe in a "Sixth Sense"

schweiz said:
There is only sense and nonsense.
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My concisous brain can trade, given the time for it to function and calm, sadly my subconsicous brain thinks everything ie a spike up will reverse so click click I’m short and losing as its a break out.

Took a long long long time for me to get okay trading subconcisously, really shouldnt daytrade/scalp lol
 
ps0013 said:
Let me preface my question with the following:
I don't make my living by trading (yet). I get crushed by having too many shares in a trade every so often, so I am not suggesting I am anything but a "work-in-progress."
Not even profitable yet.

But, I have spent thousands of hours in front of various trading platforms over the years.
As of the last couple of weeks it seems as though I have a pretty good feel as to when I am in a trade, what the direction is about to be. (without any technical signals) Maybe coincidence. I have started tracking my trades and reviewing the direction after I have exited, and I am pretty pleased to see that I got out more often than not at just about the right time.(but there are those times I say, sh8t, 10 more minutes and I would have doubled my profit.)

So, I am wondering if you believe in having a trading "Six Sense" or feeling for the very near future of price direction.

I have searched "Sixth Sense" in past threads, but don't see this direct question.
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Yes i got that feeling sometimes i scalp only for 1-3 pips a trade and usually i get out after 1-1.5 pips and most times after exit it goes too be a looser soo yes i know your feeling when you just feel it on your body the pricedirection....I belive this comes by because of the tousands of hours looking at charts
 
i believe in sixth sense but not in trading i rarely rely on my gut feeling when it comes to trading, to play safe i always try and analyse after proper chart reading.
 
I believe the correct term your looking for is gut instinct or intuition. (Sixth Sense makes it sound like some BS supernatural stuff.) Yes, it exists been playing poker for years and hear the topic discussed many times. It is even recognized as an important trait in poker. I believe experienced traders use it everyday even thou they may not realize it. However, it is not a proactive trait. It just kinda comes and goes like sweet dreams & nightmares. So don't ever think you can obtain some kinda ultra instinct and rule the world! Not happening....
 
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Slartibartfast said:
There is no sixth sense, there is just sub/unconscious competence.

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Like any task requiring skill you 'feel' what will happen as your subconscious is trained. Same as driving a car or riding a bike.

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wow! very interesting case
 
Yes -- as others have indicated, this is intuition. Malcolm Gladwell's book "Blink" discusses this concept. The issue with intuition is making sure that it's not "into wishing" or just a bias you have. George Soros uses back pain as an indication that something is wrong with his portfolio. Personally, I have taken trades at the close of one day and then get massive headaches that night which indicate I'm on the wrong side of the market. At the end of the day, intuition is an unconscious awareness of everything you have learned. It's not guessing or a blind hunch -- there is data behind it - you just don't realize it.
 
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