Screens Set-Up to Trade
When it comes to trading you can never have enough screens. Realistically though most of us cannot have as many screens as we’d like. So we need to make the best of the screen space we have. The most important thing to remember about your screen set-up is that it remains as constant as possible. Meaning you keep the same markets on the same screens all the time. For example if you have 3 screens you might keep your Weekly & Daily Euro on screen 1, your Weekly & Daily GBPUSD on screen 2 and your Weekly & Daily USDJPY on screen 3. This way if you want to look at any one chart in more detail you can click the enlarge button in the upper right corner of that chart and will open to cover the whole monitor. And the screen that an individual market would appear on would not change. This is very important because by knowing that you are looking to the same place for the same information on the same market every time, you are going to stay more relaxed. You might name this screen set-up, or page: “Long-Term Majors”. Then, keeping those same markets on those same screens you can change the time frames to the 240 minute and 60 minute charts, and simply re-save this page/set up as: “Swing Trade Majors”, then again re-save this page to 15 and 3 minute charts and call it: “Day Trade Majors”. You can then replicate this process, for the yen pairs, or other crosses, always keeping the same pairs on the same screens. The idea here is again that you are seeing the same market on the same screen which is going to keep you more mentally settled than you would be if you were constantly changing your screens and overlays. When you want to see a pair(s) on a different time frame you just click a button and all the charts change simultaniously. E-signal charting is very good for this — allowing the trader to have as many pages as neccesary, as is DealBook 360 with GFT. I don’t have first hand experience with MT4 but I’m confident it can do it as well.
The key is organization, and routine. Without it you won’t be able to settle in for long enough to allow your intuition to participate in the process.
Jay Norris
www.trading-u.com
An excellent screen set-up method that WILL stop any confusion. I love the logical approach to this, it wants me to go and buy more screens! Iam just working with 2 screens currently. Daily and 240m on one screen and 60m,15m and 3m on the other. I just look at one FX pair at a time. It’s simple but I dont get confused.
When I do get more screens your blog will keep me in good control of how to use them! Thank you.
I know a friend with 4 screens, I will get him to read this also!!