There is another issue in relation to how and what you're trading, it's why I gave up trading the indices and or equities very early on. I can illustrate it with BP. Now the price has fallen some 14% this morning, and has fallen approx. 28% since the disaster began. But why the dramatic fall this morning when it was obvious to even the most naive punter that the company is in a lot of trouble. Not nec. financial trouble but from a far worse political headache that could cripple it for a long time? The news suggests the fall today is due to the potential clean up costs being an exceptional $700ml, bull5hit, I'll bet there's some cute short sellers who have patiently sat on their shorts for the past 6 weeks knowing there's only one way for that stock...down.
My point is that you have to wade through a lot of press, public relations, and fundamental issues (way way off the charts) and general sculduggery (that hasn't changed since Jesse Livermore's day) to arrive at a judgement with a company such as BP in order to decide whether or not to take a punt..Similarly if a retailer's figures come out; take M&S. You get told the figures will be good etc., etc., by the time you get to the fine points you see all sorts of issues, shares go up, then go down...sideways...
Overall point I'm making is that trading shares is IMHO far more difficult than most folk realise, it generally represents the first place new traders start 'cos they think they understand it and recognise a few names. But it requires levels of skills that have nothing to do with S&R, pivots, and any other indicators you may prefer to use and the best fundamental analysis underpinning the TA can still leave you scratching your head as to why x didn't do y..
There are a few guys on 'ere who trade shares very well, hats off to them, huge skill set needed to do it successfully which is why us lazier fookers chose forex...