Tuesday 3rd January 2012

For today's blog post I thought I'd share something different that I've recently implemented... starting today.

Until now, all my notes during the session have been written on paper. That works fine, but it takes my focus away from the screen for a short while. Usually that has no impact, but occasionally I will miss a sudden move.

I decided over the Christmas / New Year break that one of the changes I would trial would be weaning myself off paper notes through the gradual introduction of on-chart notations, OneNote text entries, and maybe even OneNote audio.

The following charts show two examples of on-chart notation from today's session, where I've marked "areas of the chart I want to look at again through market replay".

The benefits? Apart from reduced paper usage (and subsequent storage) it will hopefully keep my focus on price movement. It takes only a second to mark the area with the circle (CTRL-F11 for NinjaTrader). The text can then be entered whenever price movement allows.

Obviously this is not such a big deal if you're trading higher timeframes. But if you're down in the weeds where I'm operating you might want to give on-screen notes a try.