Beschreibung
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.
Produktsicherheitsverordnung
Autorenportrait
InhaltsangabePreface xiii Acknowledgments xvii CHAPTER 1 Introduction 1 CHAPTER 2 Novice 7 Laying the Foundation 9 The Auction 9 Organizing the Day 10 Challenging the Rules 15 The Role of the Marketplace 16 Going with the Crowd 17 Introduction to Day Timeframe Structure 19 Normal Day 19 Dynamics 19 Structural Characteristics 21 Normal Variation of a Normal Day 21 Dynamics 21 Structural Characteristics 23 Trend Day 23 Dynamics 23 Structural Characteristics 23 DoubleDistribution Trend Day 25 Dynamics 25 Structural Characteristics 25 Nontrend Day 27 Dynamics 27 Structural Characteristics 27 Neutral Day 27 Dynamics 27 Structural Characteristics 28 Day Type Summary 31 CHAPTER 3 Advanced Beginner 33 Building the Framework 34 The Big Picture: Market Structure, Trading Logic, and Time 34 A Synthesis: Structure, Time, and Logic 35 Ease of Learning 36 Amount of Information 36 Recognition Speed 37 Trade Location 37 Confidence Level 37 Summary 38 Evaluating Other Timeframe Control 38 Other Timeframe Control on the Extremes 40 Tails (or Extremes) 40 Range Extension 40 Other Timeframe Control in the Body of the Profile 40 TPO 41 Initiative versus Responsive Activity 45 Trending versus Bracketed Markets 49 Key ElementsA Brief Discussion 51 Trending Markets 54 Bracketed Markets 54 The Two Big Questions 56 CHAPTER 4 Competent 59 Doing the Trade 59 Section I 60 Day Timeframe Trading 60 Day Timeframe Directional Conviction 61 Opening Call 61 The Open 62 The Open as a Gauge of Market Conviction 63 OpenDrive 63 OpenTestDrive 65 OpenRejectionReverse 68 OpenAuction 69 OpenAuction in Range 70 OpenAuction out of Range 71 Summary 73 Opening's Relationship to Previous Day--Estimating Daily Range Potential 74 Open within Value--Acceptance 75 Rejection (Breakout) 79 Open outside of Value but within Range--Acceptance 80 Rejection (Breakout) 83 Open outside of Range--Acceptance 84 Rejection 85 Summary 85 April 13,1989 86 Crude Oil 87 S&P 500 87 Gold 90 Japanese Yen 92 Soybeans 92 Treasury Bonds 92 Summary 95 Day Timeframe Auction Rotations 96 TwoTimeframe Markets 97 OneTimeframe Markets 97 Using Auction Rotations to Evaluate Other Timeframe Control 97 Structure 99 HalfHour Auctions 100 Extremes 100 Range Extension 101 Time 101 Identifying Timeframe Transition 102 December Swiss Franc, October 12, 1987 103 Y to E: OneTimeframe Buying 104 E: Time 104 Y to F: Auction Test 104 G: Transition Confirmation 104 E to H: OneTimeframe Selling 105 H: Auction Test 105 I: Transition Confirmation 105 HJ: OneTimeframe Buying 105 Summary 105 Auction Failures 105 Excess 110 Signs of Excess 111 The Rotation Factor 112 Monitoring the POC or Fairest Price 115 9:30 a.m. Figure 4.30 116 10:00 a.m. Figure 4.31 118 10:30 a.m. Figure 4.32 119 Noon Figure 4.33 119 2:00 p.m. Figure 4.34 119 The Close 120 Day Timeframe Visualization and Pattern Recognition 122 ShortCovering Rallies 123 LongLiquidation Breaks 127 Summary of Short Covering and Long Liquidation 128 Ledges 129 Summary 130 High and LowVolume Areas 131 HighVolume Areas 131 Identifying High-Volume Levels 132 HighVolume Examples 134 LowVolume Areas 138 LowVolume Examples 140 Summary 144 SummaryDay Timeframe Trading 145 Section II 145 LongTerm Trading 145 LongTerm Directional Conviction 146 Attempted Direction: Which Way Is the Market Trying to Go? 146 Auction Rotations 147 Range Extension 147 LongTerm Excess 150 Island Days 152 LongTerm Tails 152 Gaps 155 Summary 155 Buying/Selling Composite Days 155 Summary 157 Directional Performance: Is the Market Doing a Good Job in its Attempts to Get The
Leseprobe
Leseprobe
