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"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 ...
"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
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.
Rational or Irrational?
Market Profile Fundamentals.
Demystifying Market Behavior.
CHAPTER 3 Timeframes.
Breaking Down Market Timeframes.
Your Timeframe Is your Strategy Cornerstone.
CHAPTER 4 Auctions and Indicators.
The Search for Value.
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.
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.
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.
Lack of Conviction.
Flight to Safety.
Correction of Inventory Imbalances.
Trend Traders’ Trap.
The Market Is Open.
Day Trader’s Checklist.
Practice, Practice, Practice.
CHAPTER 9 Profiting from Market-Generated Information.
The New Paradigm.
Appendix A: Market Update.
About the Authors.