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Starting with Market Profile and New here
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Starting with Market Profile and New here

  #1 (permalink)
Elite Member
New York, NY/USA
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: ES
 
Maizietrader's Avatar
 
Posts: 4 since Sep 2016
Thanks: 4 given, 2 received

Starting with Market Profile and New here

Hello Everyone,

I am new and really excited to have found this. I spent most of the night browsing around, what a great place.

I am starting my journey here, my first item is to learn market profile. I have been looking around but maybe I missed, is there a thread for newbie like me to start following. I have TS and TOS but now I was looking at RT and Linnsoft to really dedicate sometime to learn. any advice on where to start will be appreciated.

If also you can recommend one book to read about market profile then this would be great. I just learn better reading a book first to have a context

Thank you all and looking forward to being a member in this amazing forum

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Duluth MN
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
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rocksolid68's Avatar
 
Posts: 1,019 since Jan 2015
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Maizietrader View Post
Hello Everyone,

I am new and really excited to have found this. I spent most of the night browsing around, what a great place.

I am starting my journey here, my first item is to learn market profile. I have been looking around but maybe I missed, is there a thread for newbie like me to start following. I have TS and TOS but now I was looking at RT and Linnsoft to really dedicate sometime to learn. any advice on where to start will be appreciated.

If also you can recommend one book to read about market profile then this would be great. I just learn better reading a book first to have a context

Thank you all and looking forward to being a member in this amazing forum

This forum is the best! You will never come across another one this good.

You already have the Elite membership which is AMAZING.

It would take a lifetime to get through all the information available there. So much of it is good.

I would suggest starting a journal the moment you decided to start trading, even if it is in SIM. This way other members can help you on issues specific to you!

As far as Market Profile goes, make sure you understand the difference of Volume and Market profiles. They plot similar, but display two different data sets.

Volume profile is tracking volume by price. Market profile is tracking time by price, otherwise known as Time Price Opportunity (TPO).

Good luck on your journey!

PS: Check out "DT's Premarket Prep" for a seasoned trader's thoughts on profiles!

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  #4 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
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Posts: 3,606 since Jan 2013
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Maizietrader View Post
Hello Everyone,

I am new and really excited to have found this. I spent most of the night browsing around, what a great place.

I am starting my journey here, my first item is to learn market profile. I have been looking around but maybe I missed, is there a thread for newbie like me to start following. I have TS and TOS but now I was looking at RT and Linnsoft to really dedicate sometime to learn. any advice on where to start will be appreciated.

If also you can recommend one book to read about market profile then this would be great. I just learn better reading a book first to have a context

Thank you all and looking forward to being a member in this amazing forum

Books:

Mind Over Markets
or
Markets in Profile, both by Jim Dalton

Check Google or Amazon

Bob.

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  #5 (permalink)
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Futures Experience: Beginner
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Maizietrader's Avatar
 
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Thank you

Already started reading Mind over Markets. will finish this weekend and reread next week.

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  #6 (permalink)
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Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: TSTrader(Tradovate)
Broker/Data: Working on a TST combine
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matthew28's Avatar
 
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Agree with Bob. The two Dalton books.
The second one, Markets in Profile' is more practical; the first drier and more theoretical.
Watch some of his recorded webinars too:
Recorded Webinars Archives - J Dalton Trading

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  #7 (permalink)
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Wartrace,TN usa
 
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bobwest View Post
Books:

Mind Over Markets
or
Markets in Profile, both by Jim Dalton

Check Google or Amazon

Bob.

Not saying you "should" do this but if you type the name of the book followed by "pdf" often times you can find them for free. If you like what you read you can buy the hard copy. I personally own a copy of all Dalton books.

BTW- I think volume profile is a better approach than market profile.

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  #8 (permalink)
Elite Member
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Futures Experience: Beginner
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Maizietrader's Avatar
 
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Thanks: 4 given, 2 received

Thank you


Wartrace View Post
Not saying you "should" do this but if you type the name of the book followed by "pdf" often times you can find them for free. If you like what you read you can buy the hard copy. I personally own a copy of all Dalton books.

BTW- I think volume profile is a better approach than market profile.

Thank you, I am reading the book now, does he also integrate volume profile in this book or another or this something that I will have to look at somewhere else

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  #9 (permalink)
Elite Member
New York, NY/USA
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: ES
 
Maizietrader's Avatar
 
Posts: 4 since Sep 2016
Thanks: 4 given, 2 received


rocksolid68 View Post
This forum is the best! You will never come across another one this good.

You already have the Elite membership which is AMAZING.

It would take a lifetime to get through all the information available there. So much of it is good.

I would suggest starting a journal the moment you decided to start trading, even if it is in SIM. This way other members can help you on issues specific to you!

As far as Market Profile goes, make sure you understand the difference of Volume and Market profiles. They plot similar, but display two different data sets.

Volume profile is tracking volume by price. Market profile is tracking time by price, otherwise known as Time Price Opportunity (TPO).

Good luck on your journey!

PS: Check out "DT's Premarket Prep" for a seasoned trader's thoughts on profiles!

Thanks for pointing out DT

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The following user says Thank You to Maizietrader for this post:
 
  #10 (permalink)
Elite Member
Wartrace,TN usa
 
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Platform: NinjaTrader
Favorite Futures: 6E
 
Posts: 72 since Nov 2013
Thanks: 45 given, 41 received



Maizietrader View Post
Thank you, I am reading the book now, does he also integrate volume profile in this book or another or this something that I will have to look at somewhere else

No; the books concentrate on market profile (time at price). Volume profile is very similar to market profile but looks at volume at price.

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