There is a thousand right and probably ten thousand wrong ways to do this as I have stated before. I am also a price trader. For me, keeping too many watches or watching too many things at once takes away from my trading for the simple reason that you always get conflicting signals. I like to keep it as simple as I can. I love using analogies so i'll use one to illustrate this.
Think of the market as a car. Price being the speed at which you drive. Speed increases and decreases as necesary. Think of how many factors affect speed and your ability to change it. Tire pressure, asphalt temperature, type of tires, capacity of the break system, horsepower, inclination on the road, etc. etc. Do you really need to know the number of all those factors in order to stop or accelerate the car? The more numbers you need to process the slower the reaction time.
Please note that I am not saying that it is impossible, im sure that there are plenty out there who can do it, im just saying that I cannot do it and encourage you to try, hopefully it works for you, then trading becomes just like driving, second nature without having to watch the tire pressure or the octane on the gasoline to measure horsepower, you will just press your accelerator or your breaks accoordingly without any hesitation.
