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.

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5 comments:

  1. Anonymous11 June 2011 at 02:13

    Tom,

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

    Ross.

    ReplyDelete
  2. Anonymous11 June 2011 at 05:03

    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. Electronic Local13 June 2011 at 16:23

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

    ReplyDelete
  4. Electronic Local13 June 2011 at 16:23

    John, see today's post.

    ReplyDelete
  5. Anonymous14 June 2011 at 00:51

    Thanks Tom, I'll check it out.

    Cheers,
    Ross.

    ReplyDelete

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