Identifying the Best Trading Indicator to Watch

As soon as you sit down and open your watch profile, you want to put on your propagation glasses -- if you are using the Goodman Method. All charts are at least initially seen as a propagation. If you use another trading method, decide what the critical elements are for it, and put on those glasses. When you begin trading, you want to focus, and focus fast!

Some markets just are not good material using the principle of propagation at a specific time frame. That is fine; if it's not, move on to another chart. There are a half-dozen time frames and 21 major pairs to consider.
But the focus immediately helps you separate the wheat from the chaff -- and, of course, you are being proactive with the charts.

Tip: Whatever your trading method, determine the primary feature of it and your first look at a watch list should be with that in mind.
By Michael Duane Archer
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2016. Content published with author's permission.

Posted in ...