
Mind Over Markets
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Content
- Mind over Markets: Power Trading with Market Generated Information
- Contents
- Preface
- Acknowledgments
- Chapter 1: Introduction
- Chapter 2: Novice
- Laying the Foundation
- The Auction
- Organizing the Day
- Challenging the Rules
- The Role of the Marketplace
- Going with the Crowd
- Introduction to Day Timeframe Structure
- Normal Day
- Dynamics
- Structural Characteristics
- Normal Variation of a Normal Day
- Dynamics
- Structural Characteristics
- Trend Day
- Dynamics
- Structural Characteristics
- Double-Distribution Trend Day
- Dynamics
- Structural Characteristics
- Nontrend Day
- Dynamics
- Structural Characteristics
- Neutral Day
- Dynamics
- Structural Characteristics
- Day Type Summary
- Chapter 3: Advanced Beginner
- Building the Framework
- The Big Picture: Market Structure, Trading Logic, and Time
- A Synthesis: Structure, Time, and Logic
- Ease of Learning
- Amount of Information
- Recognition Speed
- Trade Location
- Confidence Level
- Summary
- Evaluating Other Timeframe Control
- Other Timeframe Control on the Extremes
- Tails (or Extremes)
- Range Extension
- Other Timeframe Control in the Body of the Profile
- TPO
- Initiative versus Responsive Activity
- Trending versus Bracketed Markets
- Key Elements-A Brief Discussion
- Trending Markets
- Bracketed Markets
- The Two Big Questions
- Chapter 4: Competent
- Doing the Trade
- Section I
- Day Timeframe Trading
- Day Timeframe Directional Conviction
- Opening Call
- The Open
- The Open as a Gauge of Market Conviction
- Open-Drive
- Open-Test-Drive
- Open-Rejection-Reverse
- Open-Auction
- Open-Auction in Range
- Open-Auction out of Range
- Summary
- Opening's Relationship to Previous Day-Estimating Daily Range Potential
- Open within Value-Acceptance
- Rejection (Breakout)
- Open outside of Value but within Range-Acceptance
- Rejection (Breakout)
- Open outside of Range-Acceptance
- Rejection
- Summary
- April 13,1989
- Crude Oil
- S&P 500
- Gold
- Japanese Yen
- Soybeans
- Treasury Bonds
- Summary
- Day Timeframe Auction Rotations
- Two-Timeframe Markets
- One-Timeframe Markets
- Using Auction Rotations to Evaluate Other Timeframe Control
- Structure
- Half-Hour Auctions
- Extremes
- Range Extension
- Time
- Identifying Timeframe Transition
- December Swiss Franc, October 12, 1987
- Y to E: One-Timeframe Buying
- E: Time
- Y to F: Auction Test
- G: Transition Confirmation
- E to H: One-Timeframe Selling
- H: Auction Test
- I: Transition Confirmation
- H-J: One-Timeframe Buying
- Summary
- Auction Failures
- Excess
- Signs of Excess
- The Rotation Factor
- Monitoring the POC or Fairest Price
- 9:30 a.m. Figure 4.30
- 10:00 a.m. Figure 4.31
- 10:30 a.m. Figure 4.32
- Noon Figure 4.33
- 2:00 p.m. Figure 4.34
- The Close
- Day Timeframe Visualization and Pattern Recognition
- Short-Covering Rallies
- Long-Liquidation Breaks
- Summary of Short Covering and Long Liquidation
- Ledges
- Summary
- High- and Low-Volume Areas
- High-Volume Areas
- Identifying High-Volume Levels
- High-Volume Examples
- Low-Volume Areas
- Low-Volume Examples
- Summary
- Summary-Day Timeframe Trading
- Section II
- Long-Term Trading
- Long-Term Directional Conviction
- Attempted Direction: Which Way Is the Market Trying to Go?
- Auction Rotations
- Range Extension
- Long-Term Excess
- Island Days
- Long-Term Tails
- Gaps
- Summary
- Buying/Selling Composite Days
- Summary
- Directional Performance: Is the Market Doing a Good Job in its Attempts to Get There?
- Volume
- Evaluating Changes in Volume
- Volume as a Measure of Directional Performance
- Value-Area Placement
- Evaluating Directional Performance through Combined Volume and Value-Area Placement
- Value-Area Width
- Summary: Long-Term Activity Record
- Long-Term Auction Rotations
- Brackets
- Trade Location in a Bracketed Market
- Rule 1: Monitor Market Direction and Location within the Current Bracket
- Rule 2: Markets Generally Test the Bracket Extreme More Than Once
- Rule 3: Markets Fluctuate within Bracketed Regions
- Rule 4: Monitor Activity Near the Bracket Extremes for Acceptance/Rejection
- Transition: Bracket to Trend
- Trends
- Trade Location in a Trending Market
- Monitoring Trends for Continuation
- Transition: Trend to Bracket
- Detailed Analysis of a Developing Market
- Bracket Reference Points
- Region A (Figure 4.87)
- Region B (Figure 4.88)
- Region C (Figure 4.89)
- Region D (Figure 4.90)
- Long-Term Auction Failures
- Long-Term Short Covering and Long Liquidation
- Applications
- Corrective Action
- The Function of Corrective Action
- Summary
- Long-Term Profiles
- Using Long-Term Profiles
- The Long-Term Profile in Action
- Region A (Figures 4.98 and 4.99)
- Region B (Figures 4.100 and 4.101)
- Summary
- Special Situations
- 3 to I Days
- Neutral-Extreme Days
- The Value-Area Rule
- Summary
- Spikes
- Acceptance versus Rejection
- Openings within the Spike
- Openings outside the Spike
- Bullish Openings
- Bearish Openings
- Spike Reference Points
- Balance-Area Breakouts
- Gaps
- Day Timeframe Significance of Gaps
- Summary
- Markets to Stay Out Of
- Nontrend Days
- Nonconviction Days
- Long-Term Nontrend Markets
- News-Influenced Markets
- Summary
- News
- Summary
- Beyond the Competent Trader
- Chapter 5: Proficient
- Self-Understanding: Becoming a Successful Trader
- Self-Observation
- The Whole-Brained Trader
- The Left Hemisphere
- The Right Hemisphere
- Combining the Two Hemispheres
- Strategy
- A Business Strategy
- Capital
- Location
- Timing
- Information
- Know Your Competition
- Know Yourself
- Consistent, Daily Execution
- Inventory
- Risk
- Goals
- Record Keeping and Performance
- Dedication
- Applications
- Summary
- Chapter 6: The Expert Trader
- Chapter 7: Experience
- Set Aside Your Expectations
- Mind over Markets in Profile
- Market-Understanding and Self-Understanding
- Perfect Practice Makes Perfect
- Blinded by Price
- Be Prepared
- Perspective
- Overnight Inventory
- Gaps Can Be Gold
- Gaining an Edge
- The Fairest Price Revealed
- Thinking Statistically
- The Trader's Dilemma
- The Most Important Omission from the First Printing in 1990
- Emotional Markets
- A Landscape View of the Market
- Personal Evolution
- Hierarchy of Information
- Timeframe Control-Who Is Dominating the Current Session?
- Markets Are Visual
- Destination Trades
- The Opening
- Trends
- Daily Perspective
- Cognitive Dissonance
- Imagination
- False Certainty
- Anomalies
- Market Logic
- We Are All Day Traders
- Appendix 1: Value-Area Calculation
- Volume Value-Area Calculation
- TPO Value-Area Calculation
- Appendix II: TPO versus Volume Profiles
- Single Price Level Distortions
- End of Day Total Volume versus Ongoing Volume throughout the Day
- Anomalies
- Too Focused on Volume
- Conclusion
- Suggested Readings
- About the Authors
- Index
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