Market Profile Resources

[firewalker 10]

The amount of information in this forum is amazing. I've only had a look in a dozen threads, but I'm already fascinated. I was wondering if those with experience in the field would be able to provide a shortlist of the best available resources available on the topic.

 

I take it the seminal work most people turn to is Mind over Markets, but I must admit I'm not really informed on the matter. My experience with MP is restricted to being in a trading room once (about 10 months ago) with a guy who automated his strategy based on MP charts. I didn't think much of it at that time, mainly because his "automated strategy" failed miserably.

 

To prevent any miscommunication, I'm not looking to overhaul my approach to trading, but it seems the talk of the town are concepts like "value area" and "point of control"... so why not add that to my summer literature

[firewalker 10]

I'll start by contributing some books I found myself. Are there any general works on "auction market theory" perhaps?

 

CBOT Market Profile handbook (free e-book)

 

Mind over Markets: Power Trading With Market Generated Information (1999)

by James F. Dalton, Eric T. Jones, and Robert Bevan Dalton)

 

Markets in Profile: Profiting from the Auction Process (2007)

by James F. Dalton, Robert Bevan Dalton, and Eric T. Jones

 

Steidlmayer on Markets: Trading with Market Profile (2002)

by J. Peter Steidlmayer

 

These are all rather recent books though, but surely the underlying idea exited long before these publications? I'd appreciate any pointers towards "classic works", although by now Dalton's work seems like "classic" already.

[DbPhoenix 42]

Here's a good overview of auction market theory from three years ago: AMT

[gassah 10]

I'm partial to Tom Alexander's work: http://www.alexandertrading.com/home/index.asp

[gassah 10]

http://www.balancetrader.com has to be added to the list. I'm halfway through the course and it's very good so far. He leaves out much of the MP jargon looking to past balance areas for support/resistance much like Db does, and offers sound looking strategies for a fair $97, IMO.

[Kiwi 16]

Plus Frank will support you "forever" gassah. Something that you don't normally get with a $97 book.

 

I use a simplified version of Frank's work to determine intraday trend (although I trade ma bounces) and have found it keeps me on the right side of the market.

[hanz 10]

$97?

 

i dont see $97 on balancetrader website?

[fifty2aces 10]

$97?

 

i dont see $97 on balancetrader website?

 

Pretty sure $147 is the price - it may have risen. For what it's worth, I think it's decent value - don't expect a holy grail, but there are some interesting perspectives on market profile. It is very discretionary in nature though, so may not suit everyone.

 

If you're doubting whether it's worth signing up for, there's a blog at http://my.wallst.net/referral/fbutera101/Blogs which is free, as well as a couple of free lessons on the site.

[firewalker 10]

The CME is organizing a free webinar next week...

 

http://www.cmegroup.com/education/events/forms/using_market_profile_to_trade_the_mid-cap_partner.html

[sdoma 10]

Are there any general works on "auction market theory" perhaps?

 

The CBOT released a market profile handbook which is free and has all the technical information. The market profile is a chart, auction market theory is what it's supposed to display.

 

http://www.cbot.com/cbot/pub/page/0,3181,1168,00.html