Here is my problem: I'm a swing trader, and every day now i feel more and more confused about what I should do. If I'm in a position, I cant figure when to get out, and if I'm trying to get in, I have a hard time knowing what's the right price to buy/short. Here is a quote from Elder. ----- Come into my trading room "Amateurs grab a single timeframe, most often daily, apply their indicators and ignore other timeframes. This works until a major move swells up from the weeklies or a sharp spike erupts from the hourly charts" pg 130 ---- I feel, because of Elder, this is why I'm not as good a trader as I should be. For those of you that read my journal, it's obvious something is wrong. I have four different charts I look at. Daily, 15 min, 60 min, and weekly. I feel that if I dont have all these charts up, I'm going to suffer the consequence as Elder said in the above text that i made bold font. --- "The problem with losers is that their decision making process is a mess. To resolve the problem of conflicting timeframes, you should not get your face closer to the market, but push yourself further away" pg 131 --- Obviously this is not yet working for me. I look at daily charts more than anything, but weekly seems TOO long. Maybe my problem is that I dont have a solid holding period???? The reason I dont have a definite holding period is because I need to be flexible, and move with the market, not against it. Telling myself that I'm going to buy XYZ and hold for "x" number of days I think is too strict for a trader. However if you are flexible, you'll ride out the whipsaws and ride the stock in the desired direction. This is why I look at so many timeframes. I want to know what has happened, and what could happen whether its 15 minutes from now or a week from now. ...but thats just part of the problem. On the four charts I have up, I have over 12 indicators. It wears me down mentally, but I get lost with out them. Daily (4 months): * volume * 50 EMA * 15 SMA (high) * 15 SMA (low) * 20 SMA * 7 SMA 15 minute (16 days): * volume * 7 SMA * 15 SMA * CCI (parameter set to 15) * MACD 60 minute (8 weeks): * 15 SMA * BB's (with 20 ma) * volume * MACD Weekly (4 years): * 7, 15 SMA's * 50 EMA * BB's with 20 ma * volume * MACD * ADX without my indicators: 1. how do I tell if a stock is over priced? 2. How can I see crossovers without MA's and macd? 3. How can I tell where a price is heavily supported without volume? 4. How can I tell if the stock is going to reverse or continue its trend without MACD? 5. How can I tell how strong a trend is without ADX The bottom line: I'm lost. When I make a trade, its just a gut feeling.