Mind over Markets: Power Trading With Market Generated Information

By Eric T. Jones, James F. Dalton, Robert B. Dalton

Book Overview

A timely update to the book on using the Market Profile method to trade Emerging over twenty years ago, Market Profile analysis continues to realize a strong following among active traders. The approach explains the underlying dynamics and structure of markets, identifies value areas, price rejection points, and measures the strength of buyers and sellers. Unlike more conventional forms of technical analysis, Market Profile is an all-encompassing approach, and Mind Over Markets, Updated Edition provides traders with a solid understanding of it. Since the first edition of Mind Over Markets --considered the best book on applying Market Profile analysis to trading--was published over a decade ago, much has changed in the worlds of finance and investing. That's why James Dalton, a pioneer in the popularization of Market Profile, has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, Mind Over Markets, Updated Edition clearly puts this unique method of interpreting market behavior and identifying trading/investment opportunities in perspective. Includes new chapters on Market Profile-based trading strategies, using Market Profile in connection with other market indicators, and much more Explains how the Market Profile approach has evolved over the past twenty-five years and how it is used by contemporary traders Written by a leading educator and authority on the Market Profile One of the key elements that has long separated successful traders from the rest is their intuitive understanding that time regulates all financial opportunities. The ability to record price information according to time has unleashed huge amounts of useful market information. Mind Over Markets, Updated Edition will show you how to profitably put this information to work for you.

• Format: Hardcover
• Language: English
• ISBN: 1118531736
• ISBN13: 9781118531730
• Release Date: July 2013
• Publisher: Wiley
• Length: 368 Pages
• Weight: 1.30 lbs.
• Dimensions: 1.2" x 6.4" x 9.2"

Customer Reviews

Excellent Book Regarding Market Analysis

This book, aside from the tiresome lecturing tone on an analogy regarding a pianist striving to reach perfection, WAS EXCELLENT. This book helped me understand how markets perform on an hourly basis, and how that creates a 'value area' where the bulls and the bears seem to agree. This methodology for charting seems to indicate the best place to place a trade (entry) and where to put your stops. Its methodology was indepth, and will require a fair amount of stamina, and intelligence to be understood. I could have done without the "amatuer to competent to proficient" stuff that the book breaks its theory/teachings into. But, aside from that, again, this is a must read for anyone that is serious about trading. I am a beginner trader in the Futures and Commodities markets, and at this time, the Market Profile appears to be the best methodology for when and where to place your trades. I highly recommend this book. Keep in mind, my mentors in this field recommended this book, AND recommend some extensive reading (over 15 books) before you actually start trading.

One of the best

This is one of the better, more useful books written about trading. It presents a thorough discussion of Market Profile. In fact, this book is the best one written covering this topic. Market Profile, while helpful, is really a story about where the market has been. What the market is likely to do from that point in time, is open to interpretation, and different observers may draw completely different opinions using the same MP data. Much of the detail presented here, some of which labels certain market action, may not be useful nor practical, however, the logic of Market Profile cannot be ignored. This one is of value to every trader's collection. But don't let it sit on the shelf. It could be read several times for new, previously glossed over, information. I read portions of this book every year, and find new or forgotten ideas each read.

Simply the best

The best trading book I've ever read. This is not for the faint of heart or the trading beginner. There is a ton of info very well explained and you will need to re-read this several times to truly understand it. I recommend hand charting your own profiles everyday in a spreadsheet and then analyze what happens when the market opens in the value zone, out of the value zone but in yesterday's range, or completely outside of yesterday's range. Eventually you will be able to figure out what the current day will "look" after the day opens with remarkable accuracy. I was almost tempted not to review this publically, since this in my opinion is as close to a Holy Grail as you will get.

Very clear, very good.

The Market Profile has been around long enough for there to be quite a bit of information available for free, in books and in courses. I've read all I can on the web and after reading this book, the Market Profile is finally becoming clear. This book is helping me see how to watch what the other participants are doing based on what they are doing. I'm reducing my reliance on after-the-fact, price-based indicators. It's really a method of trading with the market, instead of following it and being late.

This Is A 'Must Own' If You Are Involved In The Market

I purchased this book in order to gain a better understanding of CBOT's 'Market Profile'. And the book certainly provides that. But it goes far beyond - this book also teaches you "read the plays" and does so in simple steps...taking you through novice, advanced beginner, competent, proficient, right up to expert trader. I gained an understanding of the importance of the opening call, what to watch for at the open, how to identify control and when it might be changing intraday, how to identify the extremes of the market, the types of auctions, what to look for at the close, day timeframe pattern recognition, evaluating institutional activity, knowing when to stay out of the market, and value area calculation. The information contained in the 'Directional Performance Relationship' table is worth the price of the book alone. The book is easy to read and understand..and the information contained within is quite unique.