Mind Over Markets by James F Dalton

Mind Over Markets by James F Dalton

When the original edition of Mind Over Markets was first published, the Market Profile was relatively new. This approach offered an effective way to structure information, as well as a new way to look at markets through a time-sensitive, evolving database that records the market's continuous two-way auction process.

Over twenty years later, this practical handbook--which can help you develop an understanding of market behavior and allow you to trade with the odds in your favor--is still relevant, challenging, and insightful. Since the first book, coauthors Dalton, Jones, and Dalton have continued to delve deeper into the application of auction theory to trading and investment decisions. Now, in the Updated Edition of Mind Over Markets, they once again share their knowledge with you.

Written with serious traders and investors in mind, this practical guide--which is organized around the five basic steps of the learning process--provides a clear path to understanding the underlying logic behind the Market Profile and applying it in real-world situations. With it, you'll discover how to interpret market dynamics through the organization of price, time, and volume; understand its implications; and act on this information intuitively. Along the way, you'll learn the objective basics of the Market Profile as well as the nuances that need to be mastered in order to become an expert at this difficult, yet rewarding, endeavor.

The Updated Edition of Mind Over Markets also contains a new concluding chapter that brings the book learning in the preceding chapters into the light of real experience, where real money is won and lost in the market's endless fluctuation. The examples employed provide a clear context for the content--because the synthesis of the five stages of learning can only happen in practice. A new appendix is also included, which compares TPO with Volume Profiles.

The lessons in this book go beyond technical systems--which the Market Profile is not--into areas of self-understanding. While much of the information found here may differ from the accepted models of market analysis, embracing it will allow you to transform insights into instincts and progress on the path to becoming a successful trader.