Ant, what do you think about Alexander Trading?

[mike_ITL]

Thank you Nic, strategies are not covered in depth in other books on MP, if I remember well; will give it a chance.

BR

Mike

[dandxg]

	Quote:	gassah
	Yes, I do. Of all the books this is the only one I'll probably go back to. I also like Ray Barros' MP ideas but his DVD is $3200! nic

Hi Nic, I assume you have read both of Dalton's work correct? Do you like Alexander that much more? Sorry if it's a silly question. I am just trying to find out in more detail what you like about it, that's all. I am just attempting to learn and blend MP with Wyckoff and general price volume analysis. BTW you and Db are doing a great job on that thread. Good trading to all.

Dan

[gassah]

Hi Dan,

Thanks for the feedback.

Half of Alexander's book is a concise, quick review of MP.

He focuses on "Key Reference Areas (KRA) that are inflection points of specific areas where we need to be making decisions about trade opportunity."

KRAs are:

• Range extremes (this can be the day's high/low, a previous day's high/low, or the high/low of the range of a composite
• High volume nodes
• Single prints and/or high volume rotations
• Buying and Selling "tails"
• The Value Area High
• The Value Area Low

"Here are a few other points we learned from the previous examples that apply as we develop our trade Strategy:

The best trades occur at the extremes:

• Near the extreme of a wide Initial Balance Area
• Near the extreme of the 10-day ATR
• Near the extreme of the previoius day's high or low
• Near the extremes of a composite profile (balance area)
• Near the extreme of a wide Initial Balance Period
• Near a time extreme - first 30m or 60m IBP

The book is short and to the point and will be easy to go back to and find the strategies and tactics. I really like his use of high volume nodes and 3-5 day composite profiles.

[gassah]

Oh, and yes, I have read both of Dalton's books.