Book description
A timely update to the book on using the Market Profile method to trade
Emerging over twenty years ago, Market Profile analysis continues to realize a strong following among active traders. The approach explains the underlying dynamics and structure of markets, identifies value areas, price rejection points, and measures the strength of buyers and sellers. Unlike more conventional forms of technical analysis, Market Profile is an all-encompassing approach, and Mind Over Markets, Updated Edition provides traders with a solid understanding of it.
Since the first edition of Mind Over Markets—considered the best book on applying Market Profile analysis to trading—was published over a decade ago, much has changed in the worlds of finance and investing. That's why James Dalton, a pioneer in the popularization of Market Profile, has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, Mind Over Markets, Updated Edition clearly puts this unique method of interpreting market behavior and identifying trading/investment opportunities in perspective.
Includes new chapters on Market Profile-based trading strategies, using Market Profile in connection with other market indicators, and much more
Explains how the Market Profile approach has evolved over the past twenty-five years and how it is used by contemporary traders
Written by a leading educator and authority on the Market Profile
One of the key elements that has long separated successful traders from the rest is their intuitive understanding that time regulates all financial opportunities. The ability to record price information according to time has unleashed huge amounts of useful market information. Mind Over Markets, Updated Edition will show you how to profitably put this information to work for you.
Table of contents
- Cover
- Series Page
- Title Page
- Copyright
- Preface
- Acknowledgments
- Chapter 1: Introduction
- Chapter 2: Novice
-
Chapter 3: Advanced Beginner
- Building the Framework
- The Big Picture: Market Structure, Trading Logic, and Time
- Evaluating Other Timeframe Control
- Other Timeframe Control on the Extremes
- Other Timeframe Control in the Body of the Profile
- Initiative versus Responsive Activity
- Trending versus Bracketed Markets
- The Two Big Questions
-
Chapter 4: Competent
- Doing the Trade
- Section I
- Day Timeframe Trading
- Day Timeframe Directional Conviction
- Opening's Relationship to Previous Day—Estimating Daily Range Potential
- Open within Value—Acceptance
- Open outside of Value but within Range—Acceptance
- Open outside of Range—Acceptance
- April 13,1989
- Day Timeframe Auction Rotations
- Using Auction Rotations to Evaluate Other Timeframe Control
- December Swiss Franc, October 12, 1987
- Auction Failures
- Monitoring the POC or Fairest Price
- Day Timeframe Visualization and Pattern Recognition
- Ledges
- High- and Low-Volume Areas
- Section II
- Long-Term Trading
- Attempted Direction: Which Way Is the Market Trying to Go?
- Buying/Selling Composite Days
- Directional Performance: Is the Market Doing a Good Job in Its Attempts to Get There?
- Long-Term Auction Rotations
- Transition: Bracket to Trend
- Transition: Trend to Bracket
- Detailed Analysis of a Developing Market
- Long-Term Short Covering and Long Liquidation
- Corrective Action
- Long-Term Profiles
- Special Situations
- Spikes
- Balance-Area Breakouts
- Gaps
- Markets to Stay Out Of
- News
- Beyond the Competent Trader
- Chapter 5: Proficient
- Chapter 6: The Expert Trader
-
Chapter 7: Experience
- Set Aside Your Expectations
- Mind Over Markets in Profile
- Market-Understanding and Self-Understanding
- The Trader's Dilemma
- The Most Important Omission from the First Printing in 1990
- Hierarchy of Information
- Timeframe Control—Who Is Dominating the Current Session?
- Markets Are Visual
- We Are All Day Traders
- Appendix 1: Value-Area Calculation
- Appendix II: TPO versus Volume Profiles
- Suggested Readings
- About the Authors
- Index
Product information
- Title: Mind Over Markets: Power Trading with Market Generated Information, Updated Edition
- Author(s):
- Release date: July 2013
- Publisher(s): Wiley
- ISBN: 9781118531730
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