Originally Posted by ljyoung  So depending on your trading style you'd say, "Well, I'm going to stay in this trade until I make so many ticks or points, then exit, unless I get stopped out first." Correct? |
Sort of, though you can only take what the markets offers. For example, your goal might be to trade from 10am to 12pm taking 'a handful' of trades trying to catch the 'main swings' (within that period) of roughly 'x points' in that period. How you define 'a handful', 'main swings' etc is up to you but that focus will dictate what tools will show you what you want to see.
I guess another way of putting it is pick tools that allow you to see what you want to see...rather than... pick tools and look at them and see what you see.
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