Registered: Aug 2012
09-11-12 08:25 PM
Quote from high99:
I trade both ES and the SSO ETF. They are the only two charts I watch. Used to have a chart of the Index, however it has a lag time of a few seconds, and I found it to be redundant and not needed. Use to keep more charts up, but found them to be of no use, and made my eyeballs roll around in the sockets trying to keep up with the nonsense. My compatriots have 4 monitors going at once, but they never seem to be monitoring 3 of them. It just makes them look important in their own mind. But whatever. I also tried the multiple time frame method. Once again to much conflicting input. KISS for me, which works after 10 years of fucking around with things. Also, opinions are like armpits and assholes. We all have them, and they all stink.
A lot of truth in this post.
By my nature, I'm a multi-tasker, therefor I'm MUCH more efficient with 6 monitors in front of me. It can get very confusing if you don't KISS. The key is to not have a lot of indicators, and the ones you do have, understand and study the time divergences between them.
I strictly tick trade the TF and I'll sometimes take a look at the ES and DX if I'm a bit confused.