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LinkBack (1) | Review Tools | Display Modes | Language |
Published by TinGull
02-25-2007 |
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By
keymoo
on
03-02-2007, 07:02 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
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.
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By
Soultrader
on
03-02-2007, 07:49 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
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. |
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By
TinGull
on
03-02-2007, 07:54 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
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.
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By
bobajob
on
03-08-2007, 09:03 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
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?
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By
TinGull
on
03-08-2007, 09:17 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
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.
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By
momentom
on
03-08-2007, 01:37 PM
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Re: Markets In Profile - Dalton, Dalton and Jones
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. |
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By
bobajob
on
03-09-2007, 08:17 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
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.
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By
TinGull
on
03-09-2007, 08:23 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
You're right. MP is not supposed to be a rule based system...it's a way to think. That was the biggest thing I got out of the book. I had been trying to set up rules to trade value areas and POC's and all...and now I look at the chart and volume relationships at key levels and can see the auction participants feelings. For me, MiP was all about changing my mindset rather than giving me rules to trade with.
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By
bobajob
on
03-10-2007, 05:40 AM
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Re: Markets In Profile - Dalton, Dalton and Jones
OK TinGull I agree - all my point was is that you probably had to change how you thought by your own trading - not because it was written in the book. But I suppose that is good for more inexperienced traders with MP
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Markets In Profile - Dalton, Dalton and Jones
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