Mind over Markets: Power Trading With Market Generated Information

Rating:
Summary: Not for everyone.
Review: I bought this on recommendation from a friend, what rubbish. Does this guy really know what he is talking about? Its far to complex, and contains too many opinions.

Rating:
Summary: Simply the best
Review: The best trading book I've ever read. This is not for the faint of heart or the trading beginner. There is a ton of info very well explained and you will need to re-read this several times to truly understand it. I recommend hand charting your own profiles everyday in a spreadsheet and then analyze what happens when the market opens in the value zone, out of the value zone but in yesterday's range, or completely outside of yesterday's range. Eventually you will be able to figure out what the current day will "look" after the day opens with remarkable accuracy. I was almost tempted not to review this publically, since this in my opinion is as close to a Holy Grail as you will get.

Rating:
Summary: A Real Mind Opener
Review: The Market Profile has been around long enough for there to be quite a bit of information available for free, in books and in courses. I've read all I can on the web and after reading this book, the Market Profile is finally becoming clear. This book is helping me see how to watch what the other participants are doing based on what they are doing. I'm reducing my reliance on after-the-fact, price-based indicators. It's really a method of trading with the market, instead of following it and being late.

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Summary: A good alternative filter for the markets.
Review: The title of this book can be a bit misleading. The subject matter has little to do with the mental side of trading. Rather, it's a quite thorough discussion of the Market Profile technique for market analysis and trading. Market Profile is essentially an alternative charting method which has been used by professionals in the futures market for years, but has yet to gain wider acclaim in the broader arena because it is not a feature readily available on retail charting packages. For those who take the time to learn it, however, Market Profile can be a very valuable resource.

Mind Over Markets takes the reader through the full topic of Market Profile, from basic to advanced. It discusses the underlying logic behind the methodology and how to apply it. The authors use numerous examples to discuss the various patterns and set-ups which occur, and how one can trade them for maximum benefit.

That said, one seeking a fully developed trading system will not find it here. The authors encourage the reader to spend time working with the Market Profile to get a feel for it for application in their own trading. They do not give many hard and fast rules. This can be annoying for one seeking a straight-forward system, but the fact of the matter is the market is variable. What works one time may not work other times, at least not in the same way.

The bottom line is that Market Profile is a tool. It is a way to look at the markets differently than one normally does, which can be a good thing, and Mind Over Markets is an excellent resource along those lines. Is it for everyone? Probably not, but even if you don't end up using Market Profile, there is still some value to be had in reading Mind Over Markets and understanding the overall message of market action and movement.

Rating:
Summary: A Real Mind Opener
Review: This is by far one of the best books I have read about the market. I think for someone to undrestand all the material in this book some basic knowledge of technical analysis is needed.