"Too often, developing traders focus on trying to predict markets before they have fully understood them. Mind Over Markets offers an unparalleled framework for understanding market movement and the processes that drive trends and reversals. Kudos to Jim Dalton for updating this classic text!"
--Brett N. Steenbarger, PhD, Clinical Associate Professor of Psychiatry and Behavioral Sciences, SUNY Upstate Medical University
Emerging over twenty-five years ago, Market Profile analysis continues to realize a strong following. The approach explains the underlying dynamics and structure of markets, identifies value areas, price rejection points, and measures the strength of buyers and sellers. Unlike more conventional forms of technical analysis, the Market Profile is an all-encompassing approach, and the Updated Edition of Mind Over Markets provides a solid understanding of it.
Since the original edition of this book was published, coauthors Dalton, Jones, and Dalton have continued to delve deeper into the application of auction theory to trading and investment decisions. Now they've returned to once again share their knowledge with you.
While containing the valuable insights and examples that made the first edition an essential resource on this topic, the Updated Edition contains a new concluding chapter that brings the "book learning" of the preceding chapters into the real world, where real money is won and lost during the market's endless fluctuation. The examples employed provide a clear context for the content--because the synthesis of the five stages of learning can only happen in practice. A new appendix is also included, which compares TPO with Volume Profiles.
JAMES F. DALTON has been a pioneer in the popularization of the Market Profile, a unique method of identifying trading/investment opportunities. He has been involved in the stock and futures markets for more than forty years. Currently a full-time trader, Jim advises two hedge funds and several trading firms. He is a discretionary trader and longtime proponent of employing the Market Profile to facilitate trading. Jim began his career in the investment industry as a broker with Merrill Lynch and Shearson Lehman. He is the coauthor of two books, the original edition of Mind Over Markets and Markets in Profile (Wiley). ERIC T. JONES is a Senior Managing Director and Head of Advisory Solutions and Product Development at TIAA-CREF. His past experience includes more than twenty-five years of developing new investment products and programs designed to help individual investors more successfully achieve their financial goals and dreams. Eric is the coauthor of two other books on the financial markets, investments, and trading: Hedging Foreign Exchange and Markets in Profile (both from Wiley). ROBERT B. DALTON is a partner at Karass Creative, a Seattle agency that bonds brands to tribes by telling stories that matter. For two decades, he has woven compelling campaigns across myriad media from Addy-winning websites to short films and poetry for a long list of artistic, nonprofit, and corporate clients ranging from Starbucks to TEDx. He is the coauthor of Markets in Profile