Hi F,
I wanted to share with you my current trading setup and have your advice on whether it’s suitable or should I change something to have the whole potential of being applied to your method.
I have one screen with my pair of choice on T13 (3 quick LRs on it). I have another one on M1 with the LRs like yours (there is actually one LR I have not been able to figure out, but I’ll ask that later).
I have another screen split in 3. Each 1/3 showing EU, EJ and my favorite GU all on M3. On this one I try to read the PA for the near term probable movements and see how they correlate to figure out which currency is actually causing the moves. And finally another screen with M30 to have a better view of the bigger picture. I switch the 3 pairs on that one.
I take the decisions based mostly on the T13 and M1 as I understand you do.
It’s very tempting to have one of those 4K screens MM recently bought. I guess all the info fits on a single screen without using a magnifying glass to read it. Would like to hear MM’s feedback on his new toy.
Any suggestions are welcome (notice I’m asking F, not the morons/trolls!)
Cheers
Hi Keen
Ok more detail on your set up
If you can get used to a tick chart over the next few months - brilliant but unless you are already a great scalper - then the 1 min will be OK 90% of the time
Its important you have your 1 mins with the size of candles or bars and the time clear
For a 1 min chart show at least 60 -90 mins - but you dont need to show 2 or 4 hrs of back view - only when you want to check levels
Similar if you have you chart zoomed to close and only show under 20 mins - you dont see enough of whats happened - you need the correct frame size and period really
I many time show screen shots covering 6 -8 hrs on a 1 min
I never trade with them like that - you cannot see enough detail
Also on time bar -its no good if only showing every 10- 15 mins - you need to see ideally at least every 3 mins marked for accuracy
Ideally you need at least 2 to 4 screens for doing a serious intraday job
You need your main 2 or 4 pairs you want to trade - but if you only have say a 17 or 20 inch screen - more than 2 or 3 charts on it are too much
Yes have a 30 min or 60 mins to look at now and again - but 80% of the time all will be on the 1 min chart - especially if you have taken the time to mark key levels etc
With 2 or more screens you can then look for move "sync" starting at same KT's
You should get better moves if EU moves up with EJ and GU and AU - and UChf and UJ and UCad all move down - thats not too often all at same time
also sync the AU with Ucad - and with yen strength you can all the yen crosses dropping together - UJ / GJ / AJ / EJ etc
For a start stay with just a few key pairs with low spreads on your set up
You need under 1 pip on EU and 1 to2 pips on every other popular pair
I would also agree a 40 in screen would make things easier - clarity leads to more accuracy etc - so worth looking at in future
If you can do a screenshot of how you see your intraday chart view for entering a trade - I can advise more then
Regards
F
Pete have you been on the Johnny Walker this afternoon ?:cheesy:was not me that asked below (lol)
