I do not shoot long or recurve or anything, but I am always amazed on how you guys aim. How exactly do you aim a traditional bow?

That's a personal thing that is slightly different for each individual. If you are curious enough, get Byron Furguson's "Become the Arrow". It's a good read. I use his method mostly. But for longer shoots, I use a gap method.

In short, I concentrate on the target, while drawing, aiming, and following through. I keep the arrow in my periferral vision (but never looking directly at the arrow)directly under the pupil of my right eye.

Pratice,pratice and more pratice. It 's like throwing a ball, no matter the distance you know where to aim at what distance.

I aim the same way you point your finger at something. The arrow sits right above my hand. When you are pointing at something, you don't squint down your arm. You just keep both eyes open and point.