Q&A Narrowing your focus

Question: dear toni, i've always had trouble managing a trade that i'm in. i seem to get lost in so many options ( 5 min bar bar bar, pivots, etc. do you have any guidance on this??? by the way i love your cds. (http://www.swingtrader.net) they seem to make more sense to me than all the Pristine stuff i've used.
thanks! -dave

Answer: Hey Dave,

Thank you for the compliment!

It sounds like a typical dilemna... The only way to really sort of clear the clutter so to speak is to develop a specialty. In other words, pick just one time frame to start from and only trade setups that form on that time frame. Then you can use the larger time frame for confirmation of trend placement and the major support and resistance levels and you can use the next time frame smaller to help with timing. Next also pick just one or two setups to specialize in. So, you are only looking for these setups on one time frame. True, you may not find as many trades, but you will start to hone your skills much more quickly and produce better longer term results. One you feel comfortable you can then branch out from there. The trick is to not be flipping back and forth so much and to really start to narrow your focus.

All my best,
Toni