Let’s go deeper into the subject
For those who work full-time or have other activities to occupy their time, it is worth paying attention to just one or two pairs. Since the focus is elsewhere, when looking at the chart you need to be aware of the history, important levels, trend so far
Of course, to do this, you need to enter a position only if you have a strong entry setup and patience, you don’t want to trade everything.
Some people may follow several parties. In the morning or in the evening, he analyzes the pairs and determines which ones are worth watching. When trading, he watches these tracked pairs.
The human mind is able to monitor 7 to 11 variables, stimuli. If we take into account the environment in which we trade (workplace, tradingfloor, home), external distractions are taken into account.
Monitoring multiple pairs, switching between time frames can overload the mind.
Fortunately, alongside today’s tech, there are tools to help filter out the noise. Charting softwares can also set very specific alarms. Switching between a web interface and mt4 can be a cumbersome task. I therefore recommend the following family of indicators.