Market Profile Trading
What you'll learn
- Practical trading in any market (Stocks, FX, Futures or Crypto)
- Market Profile concepts and how to apply them in your trading
- Day trading or long-term investment with the Market Profile
- Have a trading account
- Understand basic orders (STP, LMT, MKT and STL)
In this course you will learn the most important concepts of the Market Profile such as: Point of Control (POC), initiative and responsive activities. You will learn to spot single prints and buying or selling tails and how to apply them in your trading. The course provides various practical examples of trading ideas initiated via the Market Profile. In addition you will learn to identify value and trade any market (Stocks, FX, Futures or Crypto).
After finishing this course, you will be able to trade any market and apply every concept daily. Prices and markets never repeat themselves (every moment is unique), but Market Profile structures do repeat themselves each and every day. You will learn the most important structures and with some practice and experience you will be able to classify any market as one of the standard Market Profile modes.
Most of the Technical Indicators are just derivatives of price. They are calculated from prices and lag behind the true momentum. The Market Profile, on the other hand, is a transformation of price, thus has no lag. Essentially, it is just another way to represent and look on the data. It is widely known that most of the traders lose money, thus using the standard tools (such as Technical Indicators and simple charts) will probably place you with the majority (of losing traders). By sticking to the outlier data visualization approach, you are placing yourself with the minority (of profitable traders).
Who this course is for:
- Open minded people
- People interested in trading with some experience
My name is Andrew Kreimer and I am a full-time commodities trader based in sunny Israel.
Before becoming a full-time day trader I worked as a Software Engineer and a Data Scientist for five years in various companies. I hold Bachelor's and Master's degrees in Computer Science.
Here are my two publications just in case you are curious:
1. Ensemble Trend Classification in the Foreign Exchange Market Using Class Variable Fitting [HAIS 2017].
2. A Novel Structure Learning Algorithm for Optimal Bayesian Network: Best Parents [KES2016].
One day I realized that my good old passion for trading markets should be my day job. I saved 50$K, quit my high paying job and started trading stocks with Interactive Brokers. I made some money but then I wanted to earn more and fast (greed), so I started trading options. I made 12$K in three months and thought it's easy. Then I sold some strangles on a bio-pharmaceutical stock and lost 10$K in 5 minutes due to a successful experiment and a naked position (stupid). Then followed a margin call, forced liquidation and a total loss of 25$K of my initial account.
I realized I didn't have a clue, so I joined the largest local proprietary trading group as a Derivatives Trader at the Fixed Income desk. I have learned the business internals and most importantly learned what not to do. After a year I decided to leave and go on my own.
Nowadays I trade multiple commodities (mainly bonds and indexes) via Market Profile. I love to teach, share ideas and learn new things each and every day. I do Karate for the body and mind, play the guitar for the soul and travel the world when possible.