[timokrates]

Thanks for your great response Nick.

To answer your question Nick, I try to become a trader which takes a few trades a day. Regarding risk and trade management I find Souls approach also very attractive because it produces 'free trades' and brings down the stress level.

Maybe one reason for my question is, that my brain is cluttered with stuff. I always searched for confirmation for entries which is simply not available.

Now I'm more searching for some basic setups because as you mentioned you can get confirmation from market internals, volume and tape but this is not always clear and it's hard to define to get a fixed setup on those in combination with price at certain levels, if you don't want to trade like for example TICK hooks.

In general I look for a way to have maybe create guidelines instead of rules, but I'm not sure at the moment what have to be included (S/R, price behaviour). The main problem is that tape, maket internal and volume analysis is highly discretional and requires a lot of experience and screen time in general.