Futures Radio Show Godfather of Market Profile – Livestream with Jim Dalton
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Aug 11, 2021 Jim Dalton, the Godfather of Market Profile, discusses how traders can use Market Profile in their trading, the true trading alchemy, thoughts on the current trading environment, market profiling the E-mini S&P 500, trading psychology, and more!
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Jim Dalton's Market Profile Origin
- Jim Dalton met Peter Steidlmayer who introduced him to Market Profile and its statistical roots.
- He sponsored Peter's first Market Profile book by writing a $10,000 check, an investment he calls one of his best.
Market Profile Visualizes Market Data
- Market Profile organizes market data as a distribution curve using time as a constant.
- This graphical representation helps traders see complex market information more clearly and historically shifted market perception from sound to sight.
Use Context for Trading Strategy
- Identify if the market opens within or outside yesterday's range to anticipate rotational or trend trading days.
- Use profile shape and volume activity near key levels to gauge market strength or weakness for better trade context.