[TinGull]

This is a partial review, as I haven't had time to finish it just yet, but wanted to share what I have read so far, and get some people interested in this amazing book.

Dalton, once again, has given indescribable insights into the market place via Market Profile. His previous book, Mind Over Markets, was the bible for MP followers, and this is like making MoM the old testament, and Markets In Profile the new testament. It's an amazingly holistic look at the market place and shows how simple it can be to see if a market is eroding or if it is still going strong. While much of the concepts still remain, he provides insights that were not covered as thoroughly as in Mind Over Markets. The writing style is a bit different as well, seemingly more conversational than textbook-ish.

All in all, this book is amazing! Keep in mind, it's about the same size as MoM and retails at 65 bucks...but this book is by far about quality versus quantity. Each page is packed with amazingly insightful information that gives the trader the ability to see the whole picture.

If I had 10 thumbs, I'd give it 10 thumbs up, but since I've only got two....

[keymoo]

Nice review Tin. I will buy this book once I've read Mind over Markets and digested it. Market Profile takes a while to sink in, and although I am using the VAL and VAH areas as support/resistance levels and seeing how the tape reacts to these areas, I don't yet have a thorough understanding of Market Profile. One to put on my Buy list for sure. Thanks for the review.

[Soultrader]

Another great book by James Dalton. Alot of new insights in this book and the material is not repetitive from Mind Over Markets. There are several parts of the book which I found tremendously useful. First thing was understanding different timeframe buyers/sellers further, second was the volume analysis on brackets, and third was the balancing of price during a trend.

This book is definitely not for the new market profiler learner so I would recommend you to read Mind Over Markets first. I would also rate it 5 stars.

[TinGull]

Thanks keymoo. I've just about finished the book now and...wow! This is amazing stuff. As Soul said...not for the first time Market Profile guy, and Dalton even states early on the book...if you haven't read Mind Over Markets, do that before proceeding. Very insightful and really has laid a better foundation to my market understanding.

[bobajob]

Guys - just out of interest. Which parts of M in P did you find so enlightening. I have to say that after waiting for it I was very disappointed. I have been looking at MP for a number of years. I really wanted there to be something concrete that I could incorporate into my work. Unfortunatley I found that it did not build on the previous work, in fact it was a shadow of the previous work. Could you help me out with the good bits - maybe I just missed them?

[TinGull]

MiP repeated very little of what MoM had. MoM was a very technical, "this is this and that is that" sort of thing. MiP shared a lot of insights as far as how to apply the thinking of auction theory for me. Maybe I'm just not as "seasoned" a pro as you and I took that much more out of it. Could be. I found it very enlightening for my trading, though.

[momentom]

MiP was, for me, a completion of what was left out of MoM. Having been at Jim's seminar and at Pete Steidlmayer's a few times, I found that MiM really locked it in for me.

It was the stuff that created the image in my mind of the moving value area I think that did it. I used to concentrate too much on TPOs which are reaqlly not so relevant in index trading although they were more relevent for T-Bonds when they regularly moved $1k+ every day.

[bobajob]

Watching value area movement is fine in a trend but pretty useless in a choppy market. What specific information did you get from this that you didn't get from the first book. Sorry to go on but it reflects my frustration of the book. Give me just one concrete thing. If the main point of the book is to think of MP in a more generic form than a rule based system than that should be clear after trying to trade with MP.