Its ironic that this subject is getting some exposure here now that most of the pros have left
As I recall I first recommended Market Profile about 3 or 4 years ago in a post, and as expected most people ignored that....
A lot of skilled professionals trade from that context "upstairs" (off the floor). As the pits die out, I think the majority of screen traders will find it attractive.
For those who are new to Market Profile, simply be aware that it isn't a system that generates setups. It provides a way to see the markets and if you have some talent, you can use that perspective to make a system that works.
I trade several markets using Market Profile as my basis. My own system looks nothing like TradeMaven's yet it works very well. My setups do in fact generate about 70% favorable entries that don't violate my stops and end with a profit. This seems to agree in principle with the system that Mr. Cochran and his associates are promoting and it seems to me to be about right for anyone who learns how to use it in a disciplined way.
In my opinion the challenges for a trader trying to make this work are 1. learning the basics 2. developing a way to trade based on MP 3. executing with discipline 4. ongoing research to characterize markets.
I think its admirable that people try to educate struggling traders, and there's nothing wrong with making a living doing it. If you don't like their prices, hey pass and try to make it on your own....I did
This approach seems as good as any and better than most I've seen. The only caveat I would offer is that after learning all the techniques...how to use all the fancy tools....a trader still has to execute with discipline and that is where most can't make the grade.
Finally there is one thing that isn't in this curriculum (as far as I can see) and that is learning to characterize the markets. Markets are living breathing entities that are moved by people. You may think you know who controls a market but on a given day, week or month that can change (and quickly). Learning how to characterize markets is the difference between rookies trying to learn how to do it, and professionals who do this every day, and that is something that can't be taught in a few days or weeks on the internet..
Good luck folks