Rabu, 13 November 2013

The Book

The Market Profile book is back on. I had stopped everything when my Mother became ill but I've started writing again because I haven't found anyone teaching MP in a way that it can be used to make money consistently. The book will only be available on Kindle and kindle apps that run on the PC and Mac. I use both my iPad and my Android Samsung Note 2 to read Kindle books. The book will include a detailed explanation of the methodology with lots of examples.

As you guys know, I use the Profile for context and my bar charts for timing. Timing has always been the issue for me with MP and took me years and years to figure out. Matching timing to context creates a high win rate. Using context provides meaningful targets.

Today's ES trade is a good example. The RTH open gave the first buy as it bounced off the VA support. It coincided with an overbought bigCCI. If I had missed that, I had a second entry as price was accepted within the previous VA. That coincided with a pullback-thrust in the CCIs.

Both entries had measured MP targets and way points.


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