In his book "Mind over Markets" Jim Dalton mentions his website. I tried to contact it, unfortunately it appears to be out of order. Does anybody know where Jim Dalton can be contacted on the web? Suggestions for other advisory services based on Market Profile are welcome too. Thanks.
I used to use Market Profile scans all the time when I was on the CBOT floor. I haven't used them for years till a few weeks ago when I found them on First Alert. I now have a market profile on each chart I run. The basic idea behind Market Profile is you are dividing the day into letters and numbers with each period being assigned a certain letter. For Each time period anywhere it trades it produces a letter. By the middle of the day you should have a bell curve. Sometimes you will see an area the market hasn't had much action in. Especially during the slow hours this area is a magnet for where the market should go. It tends to look like this. Example of a perfect Market profile C BBC ABC ABCFHLM ACFGHILM ACEFGHIJLM ADEFGHIJKLM ADEFGHJIKMP DEGHIJMNOPQR DGHMNOPQR GHMNOPQR NOPQR NOPR NO N and so forth filling in the spaces. Sometimes though I see this with Market Profile Example of a unperfect Market profile C ABCDSTV ABCDSTVWXY ABCDSTVWXY ABCDRUWXY ABCDRUY ABDR ABDR ADLR ADLMOQ ADGHIJKLMNOPQ ADFGHIJKLMNOPQ AEFGHIJKLMNPQ AEFGIJKLP Now this is the exact oppositive of a bell curve. It has traded a lot in the lower range and a lot on the higher range but there is gravity towards the middle. Where the R is in the profile Rtharp
C ABCDSTV ABCDSTVWXY ABCDSTVWXY ABCDRUWXY ABCDRUY ABDR ABDR ADLR ADLMOQ ADGHIJKLMNOPQ ADFGHIJKLMNOPQ AEFGHIJKLMNPQ AEFGIJKLP with the last trades being assigned the value of Y It has two possibilites. C ABCDSTV ABCDSTVWXY ABCDSTVWXY3b ABCDRUWXY134abcd ABCDRUY1234579abcdef ABDRZ123456789abcdef ABDRZ123456789abcdef ADLRZ123456789abcde ADLMOQ1246789bcde ADGHIJKLMNOPQ6bde ADFGHIJKLMNOPQd AEFGHIJKLMNPQ AEFGIJKLP is one possibility
ghij deghijkl deghijkl Z123defghik Z12345bcdefgh Z123456789abcdefg Z123456789abcdefg Z123456789abcdefg Z23456789abcdefg ZZ23456789abcdef CZ246789abcdef ABCDSTVZabef ABCDSTVWXYef ABCDSTVWXYe ABCDRUWXY ABCDRUY ABDR ABDR ADLR ADLMOQ ADGHIJKLMNOPQ ADFGHIJKLMNOPQ AEFGHIJKLMNPQ AEFGIJKLP is the other one. It will hit resistance. The third possiblity (but very rare) it would break a lot lower and start another bell curve down there.
Does anyone have any experience with emini.org? These guys seem to be hardcore profile. Appreciate any feedback. UKX
he used to offer an IM service. pretty pricey, but the updates were live and ongoing, which would be nice. i took a trial, but didn't try it out.
Prox, May I clarify? Is the Market Profile crap or the emini.org service? I would be curious to know what your reasons are? Thank you, UKX