Gut feel trading will kill you, as I tend to associate that term with emotional trading. I base everything on what happens at s/r levels and on trendlines. Nothing more, nothing less.
Trading on "Instynct" (NQ)
- Thread starter Instynct
- Start date
Gotcha.
Only trade the NQ? Or any other equity indices?
Ever delve into something like spreads?
How long have you been trading? And how long was your "learning process" (time from start, through losing period, to beginning of break even period).
Thanks.
1. Now only NQ
2. No
3. Long time.
4. Who said I reached breakeven
If you are new to this board you may benefit from threads by Metal, Anekdoten, Nodoji, and many others who use PA if that is your leaning.
my guess is "price action."
but my leaning isn't necessarily price action. my lean is whatever gives you a statistical edge. price action seems too subjective a term to tell a computer what it is.
We are on the same page.
Quote from bmwhendrix:
We are on the same page.
Gut feel means you don't know [on a conscious level] why the hell you're doing what you're doing.
But on a deeper level, the trader's CNS does "know", and is making decisions based on combination of new sensory input + "hard-wired" previous experience.
The trader's reaction is codified somewhere in his CNS.
It's not magic.
A little (or a lot) of introspection might bring those patterns to light, the trader could codify them in WINdows
My experience is that's not an easy thing to do; you see i'm a gut feel trader
Quote from artfartdart:
my guess is "price action."
but my leaning isn't necessarily price action. my lean is whatever gives you a statistical edge. price action seems too subjective a term to tell a computer what it is.
art, you have hit on a very key element to PA trading. It is not easy to tell a computer what it is, therefore it is not easy to program. That is why people use various indicators that are easily programmable, but never quite get it right.
Oh, and PA has different meaning to different traders.
I believe if I can reason through a logical process, then it can be programmed. I can reason through hits on a trendline, but I can not program it. Why? Because the rules keep changing, as price morphs from one fractal to another. Same reason that A crossing B worked last week, but now gives steady losers. What you identified as a major TL or channel last week, turns out to be a corrective wave this week using the same rules.
What might appear very simple, quickly gets complicated, and causes many traders to adopt the view that PA trading is BS. It is more of an art and study of human behavior I think than it is a science. But you will make your own decision. I'm just here for the picnic and chicken salad.
my guess is "price action."
but my leaning isn't necessarily price action. my lean is whatever gives you a statistical edge. price action seems too subjective a term to tell a computer what it is.
art, you have hit on a very key element to PA trading. It is not easy to tell a computer what it is, therefore it is not easy to program. That is why people use various indicators that are easily programmable, but never quite get it right.
Oh, and PA has different meaning to different traders.
I believe if I can reason through a logical process, then it can be programmed. I can reason through hits on a trendline, but I can not program it. Why? Because the rules keep changing, as price morphs from one fractal to another. Same reason that A crossing B worked last week, but now gives steady losers. What you identified as a major TL or channel last week, turns out to be a corrective wave this week using the same rules.
What might appear very simple, quickly gets complicated, and causes many traders to adopt the view that PA trading is BS. It is more of an art and study of human behavior I think than it is a science. But you will make your own decision. I'm just here for the picnic and chicken salad.