Are most of you guys full time traders? What do you guys do throughout the day between trades using this method when there are so few trades, sometimes none for days? How do you keep your focus on the market throughout the day, in order not to miss that one or two trades for the day?

I just finished watching today's video and have one question. I believe this was addressed before, but just need some clarification. In the video, Charles looks at a trade setup at around 6:17 CT which was not taken as by the time price closed below the cloud, the Stochastics was in the oversold area.

So lets pretend the cloud was not that low, but higher. So price closed below the cloud and lets also pretend that the Stochastics was above 50 at that time. Would it have been a valid setup?

What I am trying to get to is that, in the 377 chart, price was making HH and HL until it formed a double top with a stochastics divergence. It seemed as though at that point in time, a valid setup was forming, regardless of the HH and HL in the chart. This would mean that as long as the 377 tick chart forms a double top with divergence, it doesn't matter if it formed a HH and HL while retracing to the 13 EMA. Would this be a valid setup?

EDIT: It was my understanding that this was a valid setup due to the stochastics divergence and as long as the 1508 tick chart was still set up properly.

I had asked this question earlier but it did,nt get posted.How do you stay busy during trading hours. Do you trade multiple markets and employ various strategies. How many hours do you trade to stay profitable and engaged. Normally how many trades do you take on the average per trading session.
Masood

Are most of you guys full time traders? What do you guys do throughout the day between trades using this method when there are so few trades, sometimes none for days? How do you keep your focus on the market throughout the day, in order not to miss that one or two trades for the day?

Considering i am still testing and learning this system, i trade a personal variant of the NexGen system on the Nasdaq/ES/TF. I also keep educating myself on Market Profile and cumulative delta. I have plenty of work ahead of me. I also regularly view recorded webinars given at various places like TraderKingdom and the institute of auction market theory and of course on futures.io (formerly BMT). I try to look at it as a regular work going from 8am to 4pm each day. Regarding Charles's approach, i have some ideas to track when price is making a HH or LL on the 1508 to avoid having to watch price constantly for this particular system.

Ideally, it would be interesting to form a trading group exclusively for this method. This way we could send us alerts via a messaging tool when a setup is about to form. There is no need for each member to look at the screen all of the time for the exact same thing. Maybe we could form a team covering all sessions Asia/Euro/US. Possibilities are endless.

I've had to remove most of the ambiguity from my exit as well. What I've been doing is trailing my stop 2 tics beyond the super trend UNTIL i get to BE+1. At that point, I then begin to trail on reversal bars as described early on and ignore the supertrend.

That trade today Charles posted, I would have been tic'd out. But there were of course other times when it kept me in just right.

Regarding Charles's approach, i have some ideas to track when price is making a HH or LL on the 1508 to avoid having to watch price constantly for this particular system.

Ideally, it would be interesting to form a trading group exclusively for this method. This way we could send us alerts via a messaging tool when a setup is about to form. There is no need for each member to look at the screen all of the time for the exact same thing. Maybe we could form a team covering all sessions Asia/Euro/US. Possibilities are endless.

This example you are pretending to create if this then that if so kinda of talk is really hard to answer as each trade has its own personality to it. To say well, if price makes a HH on the 377and then a dbl top divergence would that be a trade if all else looks right, my answer would be

1. Is the 1508 chart right 1st, is it at an area to trade from and price on the 1508 is not making a HH
2. the divergence on the 377 you create here is a valid signal, but where is the cloud, how much risk is involved at the entry

All these factors are really vague and nearly impossible to give a yes/no answer to. Please dont over complicate this method, you have the basic rules in hand, watch my video post, and the trade signals that appear are really simple - the hard part is waiting for them

Charles

Interesting idea. I would be interested in something like that.