Market Profile advisory services

[Ditch]

In his book "Mind over Markets" Jim Dalton mentions his website. I tried to contact it, unfortunately it appears to be out of order. Does anybody know where Jim Dalton can be contacted on the web? Suggestions for other advisory services based on Market Profile are welcome too. Thanks.

 

[nkhoi]

http://www.steidlmayer.com/

 

[rtharp]

I used to use Market Profile scans all the time when I was on the CBOT floor. I haven't used them for years till a few weeks ago when I found them on First Alert. I now have a market profile on each chart I run.

The basic idea behind Market Profile is you are dividing the day into letters and numbers with each period being assigned a certain letter. For Each time period anywhere it trades it produces a letter. By the middle of the day you should have a bell curve. Sometimes you will see an area the market hasn't had much action in. Especially during the slow hours this area is a magnet for where the market should go.


It tends to look like this.

Example of a perfect Market profile
C
BBC
ABC
ABCFHLM
ACFGHILM
ACEFGHIJLM
ADEFGHIJKLM
ADEFGHJIKMP
DEGHIJMNOPQR
DGHMNOPQR
GHMNOPQR
NOPQR
NOPR
NO
N

and so forth filling in the spaces.


Sometimes though I see this with Market Profile

Example of a unperfect Market profile


C
ABCDSTV
ABCDSTVWXY
ABCDSTVWXY
ABCDRUWXY
ABCDRUY
ABDR
ABDR
ADLR
ADLMOQ
ADGHIJKLMNOPQ
ADFGHIJKLMNOPQ
AEFGHIJKLMNPQ
AEFGIJKLP


Now this is the exact oppositive of a bell curve. It has traded a lot in the lower range and a lot on the higher range but there is gravity towards the middle. Where the R is in the profile
Rtharp

 

[rtharp]

C
ABCDSTV
ABCDSTVWXY
ABCDSTVWXY
ABCDRUWXY
ABCDRUY
ABDR
ABDR
ADLR
ADLMOQ
ADGHIJKLMNOPQ
ADFGHIJKLMNOPQ
AEFGHIJKLMNPQ
AEFGIJKLP



with the last trades being assigned the value of Y

It has two possibilites.



C
ABCDSTV
ABCDSTVWXY
ABCDSTVWXY3b
ABCDRUWXY134abcd
ABCDRUY1234579abcdef
ABDRZ123456789abcdef
ABDRZ123456789abcdef
ADLRZ123456789abcde
ADLMOQ1246789bcde
ADGHIJKLMNOPQ6bde
ADFGHIJKLMNOPQd
AEFGHIJKLMNPQ
AEFGIJKLP

is one possibility

 

[rtharp]

ghij
deghijkl
deghijkl
Z123defghik
Z12345bcdefgh
Z123456789abcdefg
Z123456789abcdefg
Z123456789abcdefg
Z23456789abcdefg
ZZ23456789abcdef
CZ246789abcdef
ABCDSTVZabef
ABCDSTVWXYef
ABCDSTVWXYe
ABCDRUWXY
ABCDRUY
ABDR
ABDR
ADLR
ADLMOQ
ADGHIJKLMNOPQ
ADFGHIJKLMNOPQ
AEFGHIJKLMNPQ
AEFGIJKLP



is the other one. It will hit resistance. The third possiblity (but very rare) it would break a lot lower and start another bell curve down there.

 

[ukxgerard]

Does anyone have any experience with emini.org? These guys seem to be hardcore profile.

Appreciate any feedback.

UKX

 

[prox]

Don't bother, it's crap.

 

[bundlemaker]

I understand that Dalton is now employeed and his contract does not allow for outside work.

 

[dafugginman]

he used to offer an IM service. pretty pricey, but the updates were live and ongoing, which would be nice. i took a trial, but didn't try it out.

 

[ukxgerard]

Prox,

May I clarify? Is the Market Profile crap or the emini.org service?

I would be curious to know what your reasons are?

Thank you,

UKX