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

Markets in Profile

Profiting from the Auction Process

• Gebundenes Buch

Produktbeschreibung

Praise for MARKETS in PROFILE

"Good books teach, but the best books enlighten. Markets in Profile is much more than a lucid explanation of the Market Profile and its application; it is an enlightening perspective on auction markets and the principles underlying all trading, regardless of time frame. Clearly written with many practical examples, Markets in Profile moves seamlessly from trading how-to's to trading psychology and back again, emphasizing the trader's dual challenge of understanding markets and understanding self. In so doing, authors Dalton, Dalton, and Jones have produced a worthy successor to their classic Mind over Markets."
--Brett N. Steenbarger, PhD, author of The Psychology of Trading and Enhancing Trader Performance

"Markets in Profile is a brilliant, insightful work that should be required reading for any trader. Dalton, Dalton, and Jones will transform your trading technique through their unique knowledge of the markets and understanding of trading psychology."
--Martin Sheridan, commodities trader, NYMEX member

"This book provides a fresh approach to behavioral finance--ideas that I have used to great benefit."
--Gregory A. Ehret, Senior Managing Director, State Street Global Advisors

"Few people understand the dynamics of the auction process as well as Jim Dalton. Market Profile offers a graphic representation of this process and Markets in Profile illustrates Jim's mastery of it."
--Steve Dickey, Vice President of Market Data Products, Chicago Board of Trade

"Market data speak volumes and Jim Dalton has deciphered the code. In Markets in Profile, Jim shares his techniques of profitable trading in a most readable and entertaining format. Serious traders, both professional and amateur, should benefit from the application of Jim's volumetric approach to reading what investors are telling us through their collective buy-sell transactions."
--Walter Sall, professional investor

Produktdetails

• Wiley Trading Series
• Verlag: Wiley & Sons
• Artikelnr. des Verlages: 14503909000
• 1. Auflage
• Seitenzahl: 224
• Erscheinungstermin: 6. März 2007
• Englisch
• Abmessung: 235mm x 157mm x 16mm
• Gewicht: 395g
• ISBN-13: 9780470039090
• ISBN-10: 0470039094
• Artikelnr.: 21887354

Autorenporträt

JAMES F. DALTON has been a pioneer in the popularization of the Market Profile, a unique method of identifying trading/investment opportunities. Most recently, Mr. Dalton was director of research for managed accounts at UBS Financial Services. He began his career in the investment industry as a broker with Merrill Lynch and Shearson Lehman. ROBERT BEVAN DALTON is a freelance writer and creative director for a variety of agencies, organizations, and nonprofits in the great northwest. ERIC T. JONES has observed markets and investors throughout his twenty-three years of developing investment products and leading investment manager research teams.

Inhaltsangabe

Preface. Acknowledgments. CHAPTER 1 The Only Constant. The Creation of
ERISA. The Rise and Fall of Relative Performance. The Fall of the Great
Bull. The Rise of Absolute Return. Succeeding in an Absolute Return Market
Environment. Pure, Unbaised Information. People Change Markets, Markets
Change People. CHAPTER 2 Information. Fundamental Information. Rational or
Irrational? Market-Generated Information. The Auctions. Fair Value. Market
Profile Fundamentals. Authors' Note. Demystifying Market Behavior. CHAPTER
3 Timeframes. Breaking Down Market Timeframes. Scalper. Day Trader.
Short-Term Traders. Intermediate Traders/Investors. Long-Term Investors.
Your Timeframe Is your Strategy Cornerstone. CHAPTER 4 Auctions and
Indicators. The Search for Value. Concept Review. Key Market-Generated
Indicators. Perfecting the Art of Visualization. CHAPTER 5 Long-Term
Auctions. Auctions in Action. The Compound-Auction Process. The EBB and
Flow of Balance. Where Do Trends End and Brackets Begin? Clarity in the
Maelstrom. The Big Picture. Asymmetric Opportunities and Risk. Long-Term
Strategy Development. Assembling the Big Picture: Context within Context.
CHAPTER 6 Intermediate-Term Auctions. Convergence and the Bracketing
Process. Defining the Intermediate Term. The Transition from Bracket to
Trends. The Transition from Trend to Bracket. The Convergence of Intellect
and Emotion. Accelerate the Learning Process. Prelude to a Sea Change. Hear
the Bells A-Ringing. Countertrend Auctions. The Quest to Do Better than
"Normal." Oh, the Difference a Few Points Makes. CHAPTER 7 Short-Term
Trading. Analyzing Short-Term Markets. Common Mind Traps. When and Where to
Look for Short-Term Trades. Opportunities Around Intermediate-Term
Brackets. Technical Indicators. Your Own Worst Enemy: Your Brain. Seeking
the "Exceptionally Tasty Patterns." All Prices and Opportunities Are Not
Equal. Ongoing Forensic Investigation. Looking for the All-Important
Reference Points. Never Be a Laggard. A Golden Opportunity. Fade the
Extremes, Go with Breakouts. "The Expert Reasons Contextually." CHAPTER 8
Day Trading Is for Everyone. What's a Day Trader to Do? What You Don't Do
May Be More Important than What You Do. The Real World in Action. Top Down.
Lack of Conviction. Flight to Safety. Inventory Imbalances. Correction of
Inventory Imbalances. Trend Traders' Trap. Market Condition. Yesterday's
Trade. Example 1. Example 2. Example 3. Trader Checklist. The Market Is
Open. Open-Drive. Open-Test-Drive. Open-Rejection-Reverse. Open-Auction.
Day Trader's Checklist. Example 1. Example 2. Example 3. Practice,
Practice, Practice. CHAPTER 9 Profiting from Market-Generated Information.
Timeframe Diversification. The New Paradigm. Appendix A: Market Update.
About the Authors. Index.