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Starting with Market Profile and New here

  #12 (permalink)

Market Wizard
Tampa FL
Trading Experience: Advanced
Platform: Sierra Charts/TOS
Broker/Data: Future Path/TDA/S5
Favorite Futures: Futures/Cryptos
CenFlo's Avatar
Posts: 625 since Apr 2016
Thanks: 789 given, 909 received

I went through the Dalton legacy course earlier this year and it has helped me tremendously in my trading, it's a shame that it was his legacy course and Mr. Dalton has retired.

It really gives you a feel for what's happening underneath the markets and why they tend to move and/or reverse at certain points. It does take a while to learn to understand and read it, but once you have the basics of it down it's relatively easy to understand.

I initially subscribed to the Windotrader software while taking the Dalton course, but moved on to Sierra Charts as it has all of the Market Profile functions (and much, much more) and costs much less per month than Windotrader.

Here's a screen shot of my MP screen on Sierra Charts:

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Another great resource on a daily basis is Peter's premarket daily Market Profile post and commentary:

Peter's Premarket Perspective | Shadow Traders

Futurestrader71 also does a morning run down at 9 AM, EST and I watch it daily as well. He uses Mp and VP in his analysis.

You miss 100% of the shots you don't take. - Wayne Gretsky
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