In Today's Free
In Today's Free DayTradingFearless Raw & Uncut Trading Finance Education Video: I show you in basic terms how to understand market file and I give an example of how to understand market profile.
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Risk Disclosure: Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets.hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets.
Learn from Jim Dalton how
Learn from Jim Dalton how to prepare for E-Mini S&P trading for the 9:30 am EST opening bell. This fundamental part of your trading plan includes the analysis of trend or trends, overnight inventory, significant scheduled economic announcements following the opening, short-term inventory, important reference levels, and the opening. You want to establish a daily preparation routine; the hallmark of any top performer.
The second of two free
The second of two free webinars with Jim Dalton, of JimDaltonTrading.com, hosted by ShadowTrader.net
I don’t understand why Jim took a bond market breakdown as a confirming signal for reestablishing short positions in equities (ES specifically in this case) at 51:25 in the video. I would have thought the opposite: Bond prices going down could signal reduced bearishness. Am I missing something? I am relatively new to trading
Also thank you Peter for all the amazingly helpful resources you out out. I have already learned so much from you!
EDIT - thinking back to that time now, after posting my comment, I remember rates were higher and rising rates were getting a lot of attention as a risk to equities. So perhaps this is where Jim was coming from - lower prices/higher rates would put more stress on equities and fuel the sell off, hence the short position.
Market profile isn't suited to scalping. All of those price references are more easily found on a bar chart. A seasoned bar chart reader can easily see all of the information that market profile offers and more. Start there instead. You'll be better served with simple tools, rather than esoteric ones. Most of trading is studying the risk reward ratios that the market is offering at the time and psychology. Take the list of price references and leave the rest behind.
I'd be surprised if this guy has ever taken a trade in his life. Sounds like an expert commentator.
Thanks for your perspective Pete you're a "Living Legend" and the "Godfather of the Market Profile" James Dalton . You gentlemen are the greatest!!!! For Advanced "One-on-One" Market Profile Training; "STC" Spartacus Trading Corporation is where you need to go... Check out Spartacus Trading Corporation Market Profile YouTube channel....