http://www.tradingclinic.com/oneoff/...l20080606.html Google âalex benjamin market profileâ I know Alex gave two webinars for the Chaigo Board of Trade a few years back. You will have to search the web for those. Like I said, I donât follow his site but I do know that he has traded professionally for 30 years. The fact that his site does not have the latest and greatest does not surprise since he probably operates it at a loss. dVL
Alex is a good guy. He's a bit on the pessimistic side from an econ standpoint, but I believe he's correct. And he is low tech. He was looking for help to update the LDB last I hear. If you take a trial from IOAMT he may comment since he's in the room from time to time. There are some of his info and recordings over at TL.
Just joined ET. I was using another forum but i found too many posts were argumentative. Sure if there's a difference of opinion lets discuss it..but some of the posts / replys were just down right agressive. About Me...I've been trading for about 18 months. A story many are familular with...paid £k's to have a trading 'education' from a company who's sylibus and info was available free elsewhere online. Searched and Searched until i found Market profile, and Don Jones and AMVT. I currently trade using a combination of Don's Figures, MP fundamentals and volume analysis from CBOT. I always looking to refine my system and grow as a trader. Looking forward to input from others and maybe adding my 2 pence worth to a topic when its valid. VT
Not sexy enough, not robotic enough, not automated enough, not Jack Hershey malarial coma delerious enough. Too bad, because MP just plain flat out works. Always has.
We've all morphed into giant balls of pure light, floating 7 feet in the air. In addition, those of us that are now multi-decade experts in the MP don't need to trade much these days (or choose not to), due to maximum financial security. The time required to participate in all of the ensuing hijinks and shenanigans in which one can therefore partake, due to maximum affluence and prosperity, can consume what the uninitiated (or "whiners," as I prefer calling them) may attempt to label as âan inordinate amount of time dedicated to wine, women and song.â Well, you know the old joke...opinions, a-holes, etc. Sorry in advance if I offended anyone, but it is what it is. You think I'm kidding, don't you...
Well if that isn't a testimony for trading with the Market Profile, I don't know what is. Good for you guys - more power to ya! I'm currently learning Market Profile by reading J Dalton's Mind Over Markets and using the free info on the following websites: Trading Naked: http://trading-naked.com/MarketProfile.htm Market Profile Trading A to Z: http://www.itradepod.com/Home/GlossaryM#marketprofile Did you guys read Mind Over Markets?
Lets face it. Day trading is the hardest profession in the world. Most are just not willing to go through the steps necessary to learn the craft, far more become successful at it. MP is alive and well ever though its inventor (Steidlmayer) says it has now become irrelevant. He has moved on to âVolume Strips.â Looks like it will remain in the domain of the professional trader. My MP use has become much more contextual and fare less mechanical. Good luck, dVL
The second book, Markets in Profile is the superior book according to Dalton. It went right over my head the first time I read it because I was still in the mechanical stage of trading. I thought Markets in Profile was a waste of time, and it was because my mind could not see that far yet. It was only after I realized that markets are not mechanical did Markets in Profile make sense. Check out Daltonâs web site too. Of course Mind Over Markets is a necessary first step, but Dalton refutes many of the mechanical methods explained there. Good luck, dVL