Having multiple macros active at the same time.

[Garotte14]

Basically what Niwashi said is the best option. I play on PS4 and I do the same thing. By adding additional vertical/horizontal hotbars you can place your cooldowns on there (In addition to your cross hotbar) This allows you to see all your cooldown timers even if they aren't on your main hotbar. I use mine strictly for cosmetic purposes. I don't actually click them with the touch pad. They are there so I can keep an eye on them. There is a setting which allows you to turn off unused slots on these additional hotbars to keep it cleaner. This is still easily done on PS3. FYI for PS3 players, if you press L1+L3 you can activate mousemode. I think its that or it might be L1+R3. Can't remember. Either way this is how you can drag and drop abilities to any additional hotbars you may have. Here is just another example.

http://i.imgur.com/Wm5bnXK.jpg