We think it is really important to trade for opportunity, as opposed to trading only one or two trading vehicles regardless of their present market condition. Is it realistic to expect the same market to offer the same opportunity every day?
Of course, you have to be able to distinguish between different market conditions in a consistent and objective manner to do this. This was the early promise of “Market Profile”. Market Profile has evolved into a more comprehensive worldview of the markets that truly does enable the trader to distinguish the relative value of opportunity by identifying specific market conditions. This is the worldview Auction Market Principles provides.
Instead of taking one contract and trading it in one timeframe doesn’t it make sense to look across the spectrum of available trading instruments for the one(s) offering the best opportunity?
Sometime the market hole is round, sometimes it’s square. It can be frustrating trying to get the square peg into the round hole. This is what traders end up doing that attempt to trade the same market every day without acknowledging the market condition can be dramatically different today than it was yesterday. It is easier to take the peg and find the market that fits it.