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Strategies & Market Trends : Trade What You See, Not What You Think
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To: Apakhabar who wrote (504)4/16/2001 3:40:40 PM
From: The Flying Crane  Read Replies (2) of 867
 
Apakhabar,

>>"Certainly it can be argued that TA is necessary to develop intuition. Or at least that an understanding of the psychological and emotional underpinnings of what creates technical indicators is needed. That would IMO be putting TA to much better use: focusing always on the matter of how to understand the market better from an intuitive point of view, and not from one based on statistics, mathematics, or even (here comes heresy) probability."<<

IMHO, I see a parallel between what you said above and a world-class poker player. A great poker player knows how to read people face (read TAs in our case) and then determine how much to bet, to bluff or not to bluff. When pressed, I don't believe these great poker players can tell you in a technical (or mechanical) way how they they read face. They may tell you that intuition play an important role. The same way intuition plays when the great trader decides how much size to play when reading the TAs. Of course, these successful poker players already have YEARS of experience under their belt to claim that elusive intuition.

In short, there is no short cut to intuition. One must pay the price of experience- good and bad.

FC
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