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Anybody else in out there, who only concentrate about the trade, the whole trade and nothing but the trade. And ignore / close out everything else? |
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That is EXACTLY what I do. I day trade the ES/YM and
with my strategy the charts tell me everything I need to know. I don't watch or listen to anything market related while trading. As for news announcements, I write down the time and possible importance of the event before I start trading. This is only so I know when to expect higher volume and volatility so I can manage my trades (or stand aside) accordingly. The numbers themselves mean nothing to my strategy. If there is a huge unexpected move I may or may not turn on the news (would have to be really big). I do know people who are successful trading market correlations, but for me if I have a chart open I plan on trading it.
My advice: Try it and if it helps...continue, if it doesn't...don't.
