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.

dsalas

Mp Course

Recommended Posts

Do you trade using MP each day? I think you already have a great deal of information. To understand it you need to live it. Imo. Use it and review it with others. Twitter I'm sure has plenty of mp users sharing their ideas. Or start a thread here to chat about structure each day. $275 may sound cheap. But then that's the point isn't it?

Share this post


Link to post
Share on other sites

Hi,

 

I also think you got a lot of information yet. If you want more you can go to Balancetrader*|*Swing & Day Trading Market Profile Education Course

this is a real cheap course and this guy had a daily chat. But since a few month he has an other project. So he isn´t in the chat during trading hours. But as he said he will keep on answering questions on his forum.

Lastly I saw a course from James Dalton | Market Profile Trading Education | DVD for Traders . Yes the guy form MoM and Markets in Profile. Field of Vision is his new one with interactive DVD´s for 750 bucks. I was also interested but didn´t want to spent that much.

 

Hope that was helpful

 

veAl

 

P.S.: There is also a free blog with pre market updates out there: James Dalton Trading | Market Recap and Updates | Free for Traders

Share this post


Link to post
Share on other sites

Okay this is for those interested in MP or Auction Market Theory

 

What I have found over time is that the principles of Auction Market Theory or Market Profile are valid. They reflect basic human nature (the wish to find or obtain value when buying or selling a product in the open market). Unfortunately after you learn the basics you still have to fashion a systematic approach from those principles.

 

The most obvious basic principle is buying and selling at or near "value" as established on any time frame.

 

Not so obvious is the transaction that can occur at the IB (Intial Balance) or the transactions that can occur at beginning and end of any traditional time periods

 

What you may want to think about is 1. Are other traders watching these price areas (I call them "Key Reference Areas" and if so, 2.) can they be traded using only this data, or should you be integrating these data points with other tools so that you can make good decisions AT THESE PRICE POINTS.

 

and of course once you get into the subject a bit and have observed how price acts, some may notice that there are times when price is located at a significant distance from value (due to overnight news or the release of an economic report for example)...what do you do then?

 

What I have done within my system is to integrate MP with "Supply/Demand Analysis" and with other tools such as my "Time-Based Pivots".....I use the confluence of these elements to signal possible buys or sells, and I confirm my decision by "reading the tape" (reading the time & sales strip)...Ultimately your trade will only work is you are on the side that has volume behind it. so be advised that (in my opinion) just using Market Profile on its own will be a difficult road to go down....

 

Best Regards

Steve

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

    • Date : 21st January 2022. Market Update – January 21 – Stocks Sink – Netflix & Peloton Crash. Stock markets sank again (Nasdaq -1.3%) Tech companies led the slide, (Peloton -24%, Netflix -18% post results. USD firmed as Yields & Oil dipped, Gold held onto to gains. Markets are nervous and risk aversion has picked up as investors eye shaky earnings, and waning confidence, with mounting tensions over Ukraine adding to geopolitical tensions. US Weekly claims hit a 3-mth high, EZ Inflation was an ATH and North Korea said it may resume testing its nuclear arsenal. Asian markets and AUD & NZD lower (AUDJPY -0.62%) ASX 200 (-1.2%), Nikkei 225 (-1.8%).   USD (USDIndex 95.65) ticks higher slips as Yields decline . US Yields 10-yr moved closed at 1.83% & trades at 1.785%. Equities – USA500 -50 (-1.1%) 4482 – USA500 FUTS lower again at 4467. USOil – Fell below $82.00 afrom highs at 87.95 on Wednesday, Inventories increased by 0.5m vs 2.3m drawdown. Gold – held on to gains topped at $1848 and holds $1838 now, holding the key 1830 support. Bitcoin under $40,000 back to test $39,000, FX markets – EURUSD back to test 1.1300 – 1.1322, USDJPY now 113.80 & Cable back to 1.3570, the week’s low. Overnight – UK Retail Sales plunged -3.7%, Consumer confidence slipped 4 whole points to -19 and Japanese core inflation was inline at 0.5%. European Open – The 10 US Treasury yield is up from overnight lows, Bunds are also finding buyers in opening trade, and the 10-year continues to shy away from turning positive, as ECB officials continue to push back against speculation of an early rate hike at the end of the year and market sentiment generally turns cautious. DAX and FTSE 100 future are posting losses of -1.4% and -1.1% respectively. Today – EZ Consumer Confidence, BoE’s Mann; ECB’s Lagarde, BoJ’s Kuroda Biggest FX Mover @ (07:30 GMT) EURNZD (+0.66%) Rallied from 1.6675 yesterday to breach 1.6800 now. MAs aligned higher, MACD signal line & histogram higher. RSI 73 OB but still rising, H1 ATR 0.0026 Daily ATR 0.0100. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Best way to make money is forex trading however it still requires a lot of hard work needed to build necessary skills which are required to earn money from forex.
    • I bet he was referring to acquire all the basic necessary skills needed to start earning money from the forex trading.
    • Yes agreed we can do forex trading as part time in the start and when we learn trading we can switch to full time trading.
    • You will only earn from forex trading if you know how to trade and when to trade otherwise you will only enter this market to lose money.
×
×
  • Create New...

Important Information

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