Mp Course

[dsalas 10]

Hi guys I am looking for a good and affordable MP course currently these two look good but I really do not know. I am leaning towards the first. Please do let me know any good course you might know

 

http://www.alternating-symmetry.com

 

http://www.profiletraders.com/

 

 

 

 

Thanks

Daniel

[TheNegotiator 13]

Have you read many books on it yet?

[dsalas 10]

Hi TheNegotiator... I have read MoM, markets in profile, CBOT handbook and currently going with Jones book.

 

Thanks

[TheNegotiator 13]

Do you trade using MP each day? I think you already have a great deal of information. To understand it you need to live it. Imo. Use it and review it with others. Twitter I'm sure has plenty of mp users sharing their ideas. Or start a thread here to chat about structure each day. $275 may sound cheap. But then that's the point isn't it?

[veAL 10]

Hi,

 

I also think you got a lot of information yet. If you want more you can go to Balancetrader*|*Swing & Day Trading Market Profile Education Course

this is a real cheap course and this guy had a daily chat. But since a few month he has an other project. So he isn´t in the chat during trading hours. But as he said he will keep on answering questions on his forum.

Lastly I saw a course from James Dalton | Market Profile Trading Education | DVD for Traders . Yes the guy form MoM and Markets in Profile. Field of Vision is his new one with interactive DVD´s for 750 bucks. I was also interested but didn´t want to spent that much.

 

Hope that was helpful

 

veAl

 

P.S.: There is also a free blog with pre market updates out there: James Dalton Trading | Market Recap and Updates | Free for Traders

[dsalas 10]

Thanks for your help guys, 750 bucks is a lot. So I am not sure...

 

"Market Profile" Trading Education Concepts Strategies and Techniques seems good but not sure....

 

I will try to open up a post with observations as well

 

Thanks

[steve46 12]

Okay this is for those interested in MP or Auction Market Theory

 

What I have found over time is that the principles of Auction Market Theory or Market Profile are valid. They reflect basic human nature (the wish to find or obtain value when buying or selling a product in the open market). Unfortunately after you learn the basics you still have to fashion a systematic approach from those principles.

 

The most obvious basic principle is buying and selling at or near "value" as established on any time frame.

 

Not so obvious is the transaction that can occur at the IB (Intial Balance) or the transactions that can occur at beginning and end of any traditional time periods

 

What you may want to think about is 1. Are other traders watching these price areas (I call them "Key Reference Areas" and if so, 2.) can they be traded using only this data, or should you be integrating these data points with other tools so that you can make good decisions AT THESE PRICE POINTS.

 

and of course once you get into the subject a bit and have observed how price acts, some may notice that there are times when price is located at a significant distance from value (due to overnight news or the release of an economic report for example)...what do you do then?

 

What I have done within my system is to integrate MP with "Supply/Demand Analysis" and with other tools such as my "Time-Based Pivots".....I use the confluence of these elements to signal possible buys or sells, and I confirm my decision by "reading the tape" (reading the time & sales strip)...Ultimately your trade will only work is you are on the side that has volume behind it. so be advised that (in my opinion) just using Market Profile on its own will be a difficult road to go down....

 

Best Regards

Steve

[metalsguru 10]

I have never been in any course about market profile. However, I have seen a place that maybe useful for newbies of MP to learn all basic of MP.

http://tradingadvantage.com/marketprofile.html