Wednesday, 13 November 2013

The Book

The Market Profile book is back on. I had stopped everything when my Mother became ill but I've started writing again because I haven't found anyone teaching MP in a way that it can be used to make money consistently. The book will only be available on Kindle and kindle apps that run on the PC and Mac. I use both my iPad and my Android Samsung Note 2 to read Kindle books. The book will include a detailed explanation of the methodology with lots of examples.

As you guys know, I use the Profile for context and my bar charts for timing. Timing has always been the issue for me with MP and took me years and years to figure out. Matching timing to context creates a high win rate. Using context provides meaningful targets.

Today's ES trade is a good example. The RTH open gave the first buy as it bounced off the VA support. It coincided with an overbought bigCCI. If I had missed that, I had a second entry as price was accepted within the previous VA. That coincided with a pullback-thrust in the CCIs.

Both entries had measured MP targets and way points.


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9 comments:

  1. Anonymous13 November 2013 at 16:48

    Looking forward to the book! I have a couple MP books but found them to be lacking.

    ReplyDelete
  2. Anonymous13 November 2013 at 18:17

    Hello El,

    why and how (which Sessions?) did you split your Profile on Nov 8.

    It looks like you are splitting it on every Friday, at least it looks like you have done it on Nov 1. too...

    thanks and kind regards
    Torsten

    ReplyDelete
    Replies
    1. Electronic Local13 November 2013 at 19:46

      Hi Torsten, I split Profiles into distributions. Nothing to do with dates. Open the TPO chart and you'll see the distributions better.

      Delete
  3. Anonymous13 November 2013 at 20:09

    jenrique42

    espero q este el libro en formato PDF y q salga pronto

    ReplyDelete
    Replies
    1. Electronic Local14 November 2013 at 04:56

      PDF is old technology. It will be in Kindle, Everyone can get the FREE Kindle reader and use it on most devices.

      Delete
  4. Anonymous14 November 2013 at 11:24

    I look forward to reading your book. Do you have a release date in mind?

    ReplyDelete
    Replies
    1. Electronic Local14 November 2013 at 13:44

      I've never written a book so can't judge. I'm trying to do a few pages every day.

      Delete
  5. Anonymous24 June 2014 at 22:29

    Newbie question..
    At what point do you consider value "accepted" - after it's held for a few minutes? 2 TPOs?

    ReplyDelete

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