[redlew]

Newtrader,
Some good advice from the others here. I would add that my trading improved a lot when I came to the realization that I was looking at indicators because I wanted to be told what to do. When this line does this, then I should do that. The problem there is that all those lines are generated from the past price action and really just tell you what you should have done, not what you should do now. A trader is just one auctioneer amongst many other auctioneers, and all are in a two way auction. So your job is to try to find what value is in the market you are trading. In other words does the price want to go up or down? And then try to position yourself accordingly. I got away from all the high powered computing and started to study the people who first figured out what really constitutes a market. Take a look at the old guys. Richard Wyckoff is my favorite.