O'Reilly logo

The Way to Trade: Discover Your Successful Trading Personality by John Piper

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 18: MARKET PROFILE AND MINUS DEVELOPMENT

Market Profile

Market Profile (MP) is a method of organizing market information into a format more useful to those who wish to profit from trading markets. Peter Steidlmayer discovered this approach and his genius was simple, he merely brought the ages old statistical tool, the bell curve, to bear on the market. The bell curve has always been something of a magician. It may not turn lead into gold, but does turn chaos into order. Some may say this is a more impressive feat – see Figure 18.1.

Perhaps death is the best example. Look at a range of individuals and how death strikes may appear fairly random, as do heights, size of feet, etc. But take large numbers and then we find that we have ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required