[steve46]

Originally Posted by noego »

I like one but never more than 2 markets and I look at a few bigger time frames for reference and major patterns and pivots. I then use an entry chart with volume profile and delta study. If you can locate the critical areas you don't need much more than that nor do you need 12 monitors. I'm not sure how anyone can honestly say they can fully focus all day on that much information.

You can't (focus continuously for hours)...so what we do is use our time based pivots and supply demand analysis to tell us when to focus and when we can "relax"...

We also take a brief break during the NYSE lunch hour and at specific times of the year, we exit the markets one hour prior to the end of RTH

Hope this helps
Steve

[Obsidian]

Originally Posted by TheNegotiator »

This question is clearly aimed at discretionary intraday short to ultra short term traders. How many different markets/indicators/metrics do you feel a trader can effectively monitor in real time to support trade decisions?

To me at least this is an interesting question as I have seen so many traders' screens lit up like an arcade with different indicators and others where there is so little that it barely seems worthwhile having the chart at all.

They say that traders have to have the mental agility of a fighter pilot to keep up with everything, but are all the instruments we use really necessary and do complicated screens actually tend to distract us more than anything else?

I remember the times I fell asleep in front of screen while watching the markets...If you are trading alone, it is very exhausting to follow too many instruments...