Friday 10 June 2011

Using Market Profile Today

Today's vid is my DAX trade using Market Profile. MP is a powerful tool for the discretionary trader. Having a "vision" for the trade ahead of time is an advantage, as I am fully prepared for the trade if it unfolds the way I envisaged it. If it doesn't then that tells me a lot too- a la Sherlock Holmes' The Dog that didn't Bark in the Night.


Here's the vid.

5 comments:

  1. Tom,

    Any books you'd recommend to learn a bit more about market profile?

    Ross.

    ReplyDelete
  2. Hello Tom,

    Would an all in all out strategy have
    more credence in a less volatile time?

    You said that you once employed
    this strategy, and some of your students prefer it.

    If you could do a post on it, that would be great.

    Thanks everyday

    John

    ReplyDelete
  3. Ross, Mind Over Markets but it won't show you how to use the Profile, only to understand it.

    ReplyDelete
  4. Thanks Tom, I'll check it out.

    Cheers,
    Ross.

    ReplyDelete