I don't really understand what you're trying to accomplish, especially with you stating that you have to watch your video repeatedly to adjust each audio track.
But I've also never used Premiere Elements.
It sounds like you're using a multi-camera setup, and want to combine the audio from all of them. Why? You should stick with the 1 (or 2, if you need ambient sound) best audio sources. You should also be editing it as a multi-camera sequence. For details, visit http://helpx.adobe.com/premiere-pro/using/editing-multi-camera-sequences1.html
If you still want to combine all the audio tracks together, you can create a nested sequence of just the audio, and then place it into your final sequence. This will essentially put all of your audio on a single track, which you can then use track keyframes to adjust the levels throughout.
Let me know if you have any questions!
I've also never used Elements. Also never use the "Audio Mixer" in Premiere - I just use keyframes in the audio clips to adjust volume levels right in the timeline.
On each audio track, hit the twirly to open up the audio track to see the waveform, and there is a yellow line running across and that is the volume. Click and drag up or down with mouse to affect volume. Use Ctrl-click to add a keyframe (node) to the yellow line. Add two of these close together and then drag the second one down to "ramp down the volume", two more later to "ramp up" again. That is how I control levels for multiple audio tracks on weddings and stage events using 3 or more mics.
I do believe in the audio mixer that you can "latch" the audio so that you can adjust on the fly while playing video and your changes will be added to the timeline, but probably kind of hard to manage in realtime with multiple tracks. Like I said, I just don't use the mixer at all, never have. I just work my way along the timeline previewing and adjusting as I go.
Another little trick for audio - rather than ramping the sound up and down with keyframes, maybe you want the audio ON, then OFF, such as when switching mics in a wedding edit. You can just use the Razor to put a cut where you want to fade out a mic, then drag volume all the way down on clip segment following the cut, and drop an audio dissolve onto the cut to fade it smoothly, and you can adjust length of that transition as needed. So more than one way to do things.
Note that if you use the "MultiCam" feature to edit the video, you only get one track of audio and still need to go back later and rework all of that, so I don't even use MC and just do it all in my timeline. There's not really a right or wrong way, just whatever methods you are comfortable using.
Safe Harbor Computers
Thanks for input guys, i have two dslr footage and audio and a hfg10, i then use the audio from my olymous recorder for the ceremony and speeches with soft music under the audio from recorders. At certain points i want to drop the audio at random points. Then certain points raise the audio from the music so rather the point of the razor and chopping and the yellow lines up and down, i have been using the audio mixer on the touch setting and adjusting the sliders, but like i said i have to keep watching again to adjust say video 1, then to change video 2 and so on.
Safe harbour i think that sounds good with the key frames, i wll try that. Dont think im good enough yet for the multi cam edit
cmon guys this is supposed to be easier than elements
Actually the other way around. As the names imply, Elements is for the amateur, and is easier to use. Premiere Pro is for the professional, and is far more capable, but that capability does also add complexity and a steeper learning curve.