I suppose what I am trying to ask (not very well) is: Is it not possible to trade profitably using intuition on entry alone, for a less stressful experience?

Let's say we choose a forex pair, doesn't matter which, so let's say USDJPY. Then we choose one set-up, it doesn't matter which for this experiment.

Let's put psychological-sabotage aside for now and and assume we are zen-like in our execution.

Now we enter a series of trades randomly, with each SL set at 50 pips and each TP set at 100 pips. After 100 trades, we would expect to be break-even (minus commission/spread) with a win rate of about 33.3%.

Now, we use our intuition (which is essentially our sub-conscious which has recorded the nuances of the 1000s of set-ups we have seen/experienced/traded) to PASS on those trades which are less likely to work out and trade the ones which are more likely to work out.

Would it be fair to say that as long as...

1. We have had enough experience of the set-up for our intuition to be trusted in telling us when a trade should be put on, and

2. We can tell the difference between our intuition and one of the other voices ("go on, have a punt") which cannot be trusted

...we could realistically get to a point where over 100 trades we now have a win rate of say 50% with a risk:reward of 1:2?

If so, we are profitable using our well-honed intuition (and bucket-loads of self-awareness due to continued work on mindset) for trade entry but arbitrary (although consistent) exits. Thereby doing away with one of the most stressful parts of trading, knowing when to exit.

That's the thought process and the basis of my current experiment.

I would love to hear the thoughts of you lovely lot. Anyone else doing something similar or am I completely bonkers?