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Hey Tech, great summary and thanks for your thoughts so far!!

My 2c worth.  I think a lot has to do with the type of trader you are. For example, reversal trader or trend continuation trader.

As a trend continuation trader I try to keep things as simple as possible and have created my own toolset which includes the following, and I need to place a tick in each box before entering a trade:

- Trend Indicator ( 8hr & daily chart)

I know on most occasions this can be obvious by eyeballing a chart, but when a market is in consolidation need to have a mechanism to tell the highest probability of which direcion it will break out. The way I approach it, is when the 8Hr and Daily cycles are in alignment the market has a 80% probabilty of moving in that direction over the next 1-2 days. Better still, if this analysis is wrong and market trends the opposite way, positions are quickly reversed because when this method IS wrong or a cycle inversion takes place some of the biggest moves occur.

- Volatility Indicator. I created my own but a 14period ATR also does a good job (daily chart)

Is the stock moving? If not why bother trading it and get whipsawed get stuck in a sideways move.

-Confirmation Indicator (daily chart)

Confirms trend Indicator & adds extra confluence to analysis

-Entry Indicator (1hr and 5Hr chart cycle alignment)

To position best possible entry within an existing trend

-Exit Indicator( 5Hr chartcyles change of direction)

Through readiness and discipline, we are masters of our fate. Remember that always.