Agree that Dalton's book is the place to start. Read it, then read it over again to catch things that didn't sink in the first time. Another great newer teaching source for MP is Tom Alexander's web site. Sounds like he's a trader/mentor who has been using MP for quite a while and is great at teaching as well. He has 2 CBOT webinars that are viewable gratis at http://www.cbot.com/cbot/pub/cont_detail/0,3206,1058+39794,00.html his site is www.alexandertrading.com until last week the newsletters were free. I'm seriously considering signing up to continue getting them, and his "Briefing Room" each market day. Only hesitation is that he talks mainly about equity indices, and I trade mainly Bonds and crude. Of course MP principles apply across all markets.
Hi Iam trying to use the Volume by price charts recently. Iam posting a chart in which all voulme bars are hidden (to remove clutter) & keep only Mid point High light & range High light. Apart from this I keep the daily pivot (check s1,r1 only when needed) & previous day high (yellow) & previous day low(blue) I check Demark Hi/Lo too when price reaches extreme. For example on thursday AMR crashed early & made Pink (mid high light) bottom.so could have bottom fished there. But on Friday it made a grey range hi light,then fell, made a pink mid hi light ,final grey range hi light& then recovered & crossed the bottom range hi light & closed near the mid hi light value area. Could you guys analyse this chart example & offer varoius trading views?
Hey 101? Why do you laugh? Check this chart from today. This prediction was issued at 12:45. (The black line) The red is what really happened. Why is it that is hard for traders to believe that market is predictable? I'm not the only user of this indicator. But the first step for some one to be able to use it is to open his mind, and read about the technology from an scientific perspective. I would then recomend the film The Bank and a very good book The Predictors from Thomas Bass. If you still have doubts, keep using the old lagging indicators. Take care. !
Check here. www.tradingpro.com I've been posting some good results at my Journal. http://www.elitetrader.com/vb/showthread.php?s=&threadid=70418
Yes. Here is a complete list of reference material.......... http://www.instituteofauctionmarkettheory.com/education.htm