Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Lisa

Any good market profile books for a beginner?

Recommended Posts

Is there any book recommendations on market profile? I am very unfamiliar with it but going through the charts posted on this forum I feel like I am missing something. Thank you

Share this post


Link to post
Share on other sites
I agree with Mind Over Markets. Also, read all the free info at Cisco Futures and you may want to look at Steidlmayer on Markets.

 

I've heard of Steidlymayer's book. I need to check that out.

 

Do you have a link for the Cisco Futures resources? Thank you

Share this post


Link to post
Share on other sites

No. I've been in Bill Duryea's IOAMT site since earliest days. Bill was a student of Don Jones and trades the same way but in a a little more of a scalper fashion. Bill speaks highly of the coursse and recommends it to everyone. I've read a good bit of the free stuff at the Cisco site.

Share this post


Link to post
Share on other sites

Thank you luke24.5. Is it possible to scalp using market profile? I have this impression that market profile traders pick their spots rather carefully and trade 1-3 roundturns daily.

 

Also, I will check out the free course provided by Cisco futures.

Share this post


Link to post
Share on other sites

Bill trades looking for 1-2 points depending on where he trades. Different people use the term "scalp" differently too. "Rotation" may have been a better term for me to use, but you can get a lot more entries than you mention. Depends on your temperment more than anything.

Share this post


Link to post
Share on other sites
Bill trades looking for 1-2 points depending on where he trades. Different people use the term "scalp" differently too. "Rotation" may have been a better term for me to use, but you can get a lot more entries than you mention. Depends on your temperment more than anything.

 

Luke, can you describe a scalp trade used by Bill at IOAMT? Are trades taken within the value area? Is there a more efficient way to learn about Bill's trading method without participating in his chat room? Thanks in advance.

Share this post


Link to post
Share on other sites
I heard about the Cisco Futures market profile course. It's supposed to be pretty good. Did you end up taking that course luke24.5?

 

I recenty signed up for the Cisco course. I am inpressed so far. The guy (Don Jones) definitely knows his stuff! Any lags in learning is coming from my part since there is so much material! I recommend reading all the free stuff on the site for a start, and the Mind over Markets book SoulTrader recommends, then perhaps moving to the course if that's what you'd like to do. I just started a week ago, so I don't know much about it all yet, but I'll fill you in as time progresses if you have any questions. Good luck.

Share this post


Link to post
Share on other sites
I recenty signed up for the Cisco course. I am inpressed so far. The guy (Don Jones) definitely knows his stuff! Any lags in learning is coming from my part since there is so much material! I recommend reading all the free stuff on the site for a start, and the Mind over Markets book SoulTrader recommends, then perhaps moving to the course if that's what you'd like to do. I just started a week ago, so I don't know much about it all yet, but I'll fill you in as time progresses if you have any questions. Good luck.

 

The Cisco-Futures course is excellent, IMO. I took the short course, and for those who feels that Market Profile suits their style, it's the best deal out there. It's a great value. Don's book, Value Based Power Trading, and Mind over Markets complement each other very well.

Share this post


Link to post
Share on other sites

I agree ant,

 

He covers all the bases. I am very impressed with what I have read the past week or so. Alot of people say it's too much information crammed together, but it's just that HE COVERS SO MANY NECESSARY DETAILS. I read the material and then reread it, and slowly assimilate it until it makes sense.

 

I am on the long course right now...so plenty of time to learn. :p

Share this post


Link to post
Share on other sites

It appears that the course in general does not appeal to too many people, perhaps because of the way it's marketed or presented. I have to agree that the presentation is not the best - website appears disorganized and overwhelming. But for those who can see past all that, the course benefits are great I think. What I like most about the course is that Don Jones presents a model trading strategy that is as objective as you can get. As an engineer, I can relate to that. Enjoy the course Reaver!

Share this post


Link to post
Share on other sites
It appears that the course in general does not appeal to too many people, perhaps because of the way it's marketed or presented. I have to agree that the presentation is not the best - website appears disorganized and overwhelming. But for those who can see past all that, the course benefits are great I think. What I like most about the course is that Don Jones presents a model trading strategy that is as objective as you can get. As an engineer, I can relate to that. Enjoy the course Reaver!

 

Thanks ant,

 

I can definitely look past the presentation as well. The information is very enlightening. He just has so much to present, that is really the only way to go about it...just lay it all out there. I spoke with Don Jones, the owner, for about an hour the other day and we were discussing it all, and he readily admits there is a ton of info, and alot of people can't handle the barrage, but if you stick with it, it will make a big difference. I agree. I'll keep anyone posted that is interested. Thanks.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.