Volume Profile, Market Profile, Order Flow: Next Generation of Daytrading
Classical technical analysis, as taught in hundreds of books, proves to be unprofitable for traders in many cases. Well-known chart patterns and indicators can only analyze the past. This book clearly shows why the myth of self-fulfilling prophecies has long been nothing more than an illusion. Instead, it presents in an understandable way highly effective technical tools that can help a day trader look behind the scenes and assess trading situations in the here and now.
The book explains
how to locate real movements from the beginning
how to follow the tracks of dominant players
what you really need to know about charts
how to avoid mistakes
how to plan and implement a day trade in a few minutes
This book was written for daytraders who are looking for new ways. It is also suitable for beginners who want to avoid a long way through a labyrinth of frustrating experiences. For European daytraders there is no alternative to absolutely fair priced Micro, Mini Futures and CFD's. Trading instruments are a few highly liquid futures like Dax, S&P 500, Nasdaq, Euro, Bund, Crude Oil or Gold.
Basic insights about trade sizes, leverage, futures exchanges and other terms can be learned free of charge in a few days on any serious financial site and are not the subject of this book. Contents mainly refer to reality-related methods. Anyone entering this field should answer a few realistic questions, which will be discussed throughout the book.
The author was personally trained 18 years ago by one of the most experienced US futures traders and worked for a renowned Swiss trading house for asset management. Daytrading has been his specialty for 22 years.
Pages: 216
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