Practical Trading Applications of Market Profile Perfect Paperback – January 16, 2009
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1. Steidlmayer on Markets
2. Steidlmayer on Markets 2nd Edition
3. Markets and Market Logic
4. 141 West Jackson
5. Markets 101
6. Mind Over Markets
7. Value Based Power Trading
8. CBOT Market Profile Study Guide
9. Markets in Profile
10. Practical Trading Applications of Market Profile
I would "only" recommend this book if you can get it for $30.00 or less. It just rehashes the day types and adds a little with the "tick" indicator and a little bit of ATR ( Average True Range) thrown on top. Along with some other things that were not memorable. Don't waste your time or money with it like I did. Buy the only good books available on MP. The best is "Markets and Market Logic," if you think you need more than buy "Mind Over Markets".
The genius behind this methodology is the information comes directly from the markets themselves and it is not hidden behind some oscillaor, indicator, or gimmick. Studying this methodology will help you understand the movements of the markets so you can make better trading decisions.
Tom spends some time defining the basic concepts of market profile, debunks some popular myths about market profile, but then takes a big step forward and shows how market profile can and should be used and brings it down to the real nuts and bolts level.
This is not simply a book that defines terminology associated with market profile and ends there (there are plenty of those). This is a book that introduces a very unique way of viewing the markets and give you the tools so you can start applying the concepts right away. This is not a magic bullet and understanding these ideas will take some time but if you are a serious student of the markets this book will be an extremely important addition to your library.
It is also twice the price of similar books on the subject of MP
Read 100 books and you get same advise. Finally after burning lots of money and time eventually found Tom's work. Only statistically proven method to LEARN HOW TO TRADE.
If you are serious about being a trader, you should read this book. Tom is still waiting for someone for last 20 years for someone to prove this methodology wrong. Just like spending years in college to get the basics, you will need to spend few months getting the concepts. Your trading life will never be the same again.