
It would help to review some of our earlier MP courses but in this section we will give you a brief introduction to what to expect in the program.
In this section we will recap some of the basic concepts of Market Profile. This provides some foundation before getting into the advanced application.
In this section you will learn to see responsive behaviour as is seen by traders in the Pits. The closest you can come to trading is Pit trading. Off floor trading requires some understanding of the impact of large traders on price action. In this section you will learn to spot this.
In order to properly place responsive behaviour you need to know how pit traders apply context to decision make on the floor. I will show you how this can be applied off floor by understanding the concept of resting orders vs aggressive market orders.
Smart stop placement is a crucial element to trading. In this section learn how context will improve stop placement and execution and how we can manage positions to minimise losses in the same way pit traders will apply risk management rules.
A few practical examples incorporating all aspects of advanced MP trading with responsive behaviour.
I have had the good fortune of conversations with some of the largest traders in the Pits in Chicago, I have had the personal satisfaction of being a trader in futures and spot markets. The difference between success and failure lies in how disciplined participants are and how they respond to other market participants.
This Market Profile course is targeted to more intermediate/advanced traders who already know the basics of Market Profile. Market Profile was developed in the Pits and designed for Pit traders transitioning off the floor to have same visual concepts as when they were on the floor. This gives a trader the edge to visualize a market in its dynamic price flow responding to current market information rather than past information. Markets are a zero sum game so at any given time period you can only be in a net loss or net profit position so past information provides minimal context for rest in orders but all aggressive orders are in the moment in response to real world events and emotions of multiple time horizons. As we cannot predict the future Market Profile builds a picture on what traders are doing now and their possible expectations.
Like the Buddhist monks emphasis on the now and living in the moment, is corner stone for a stress free trading existence. In this course you will learn
- How to trade stress free.
- How to respond to only current Market information.
- To trade without news or any other confusing data.
- How to risk management positions and place stops smartly.
- Gain a deeper understanding to Pit trading as done off the floor.
Any questions please feel free to ask via DM or you can ask directly on our Discord server please remember to check in the resource section of the first module for access. Enjoy the course!