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Originally Posted by birdjaguar
One advantage Apes have on humans is that animals not living in a zoo are fully in touch with their intuition. Not only do we overanalyze relative to the Ape, but we have also created a society that greatly diminishes our intuitive connection. I have learned the hard way that my intuition, as it pertains to trading comes several emotions later than the first impulse. I am contrarian by nature with impulses to go against the trend. Impulsive trading can be defused through writing it down. After 2 or 3 impulses or waves, which used to be bad trades, I start waiting for my intuition to show me a reversal. This is only part of my trading strategy but I thought it might be helpful to some who are still working on harmonizing with the inner self, which brings about a calm ability to perceive profitable opportunities in Forex.
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I just finished a book a few weeks ago called "mean markets and lizard brains". Pretty good book. The author basically describes humans as having two brains, one of which is the "lizard brain". He goes on to say why the lizard brain was great for our ancestors to help us reproduce, find food and shelter, but also explained why it almost always did the wrong thing when it came to trading.
Its really a book on economics, that he infused with psychology. But it was a decent read.