Market Profile Primer: A Concentrated Live Course with Jim (December 6-14)
The bedrock of our teachings at Jim Dalton Trading is to help traders learn to create a solid foundational base for their trading and, eventually, learn to spot high probability trade opportunities.
For the first time ever, WindoTrader is offering a FREE TRIAL of WindoTrader Blue for one full month to students that sign up for the December Live Market Profile Primer Course. That’s a savings of $285! See details at the bottom of the page for Eligibility Criteria.
This condensed and focused primer course for Market Profile starts off with 4 intense days of linear education. The remaining 4 days will be focused on implementing and observing the foundational basics while being immersed in live markets. Those of you who may be familiar with Jim, know he does not prefer linear learning, but recognizes where it has its place. This will be a great opportunity for traders who are new to Market Profile to learn and solidify the fundamentals directly from Jim.
Click Here for Tentative Schedule – All webinars and materials will be accessible for 3 months after the course finishes.
WindoTrader Blue Free Trial Eligibility Requirements:
- You must be a new subscriber to WindoTrader Blue.
- You must be enrolled in the December 2023 Live Market Profile Primer: A Concentrated Live Course with Jim.
*Please note that WindoTraderBLUE requires a separate data feed to power the charts. You can choose between either BarChart or IQFeed. BarChart offers a free trial until the end of the month to new subscribers, in the month that you signed up with them. More details and specific instructions will follow in subsequent emails and webinars to those who are enrolled in the December 2023 Live Market Profile Primer Course. We will also have webinars prior to the start of class to help students get set up.
The goal of our educational offerings is to help you become a better trader by teaching you how to:
- Understand the importance of beginning with a top down approach to improve short term trading results
- Read and interpret the daily two-way continuous auction via the Market Profile
- Hone your intuition — a must for proficient and expert level traders
- Understanding and using cognitive dissonance to your advantage
- Use repetition to your advantage and the importance of repetition in acquiring any skill. Like hitting a tennis ball, each stroke is slightly different as is each ball that comes to you.
- Understanding the difference between developed and anchor trades
- Recognize anomalies and understand their significance
- Understand the importance of tempo for advanced traders
- Recognizing the signs of markets that are getting too long or too short
- Understand odds and, more importantly, how to think in terms of odds
- Understanding the importance of what does not occur
- Monitor trades for continuation
- Let the trade come to you instead of actively seeking it out
The bedrock of our teachings at Jim Dalton Trading is to help traders learn to create a solid foundational base for their trading and, eventually, learn to spot high probability trade opportunit...
Markets are endlessly complex. The ability to review, understand, and act on a tidal wave of information isn't a skill that can be gained quickly. And the only place practice really counts is in the flow of real market activi...
I took my first intensive in November. I learned so much but had to go through my notes a few times to categorize them. My notes were as scatter brained as I was. I feel the linear teaching method in the Foundation course is what I needed. It allowed me to focus on specific types of days and what might happen. There was also more time given to key concepts that fly by way too fast in the intensives. I’ll give more feedback when I’m done, but I’m far enough along to know I love it and am very happy I made the time and financial investment in the Foundation course.
I’m sure everyone has a proper sequence to learning these. Some might want to start out first with the Foundation course and some may want to try the mini intensive first. I feel like I had the right sequence – First, the 7 kickstart videos. Second, a full intensive. Third, the Foundation. I don’t think I would have gotten as much out of the foundation had I not had some experience under my belt prior to taking it. I feel everyone will need both – full immersion (Intensive) and Linear (Foundation Course).
This was my fourth (double) intensive and I hope to sign up for a fifth! When I started with Jim Dalton I had very little experience with trading futures and almost no knowledge of the Profile aside from knowing that it existed. It took me some time to become familiar with the profile and even longer to stop looking at my old technical indicators. A lot of that had to do with my comfort zone using just the profile to assess the market.
This last intensive has been the best for me. I see definite improvement in my trading and I am just now beginning to see when to be in the market and when not to trade. I now feel comfortable using just the profile combined with the longer term bar charts as taught by Jim Dalton to assess the market.
At least once a day I would discover a previously not understood nuance as Jim narrated the market. His "Review and Replay" segment has been superb as he points out all sorts of relevant references and their significance to trading. It has been so helpful to listen to Jim's review of the market after trying to trade it. This allowed me to see where I had been correct in my assessment and where I had allowed my bias or current trade to cloud my assessment.
I continue to review prior webinars and find little nuggets of information I had missed even though I had attended the webinars. All in all this is a great course if you are willing to put in the time to learn.
Until I found Jim Dalton, all of the educational materials I could find were heavily mathematical. Jim would call them price-based. Practitioners would call them technical analysis.
While I wasn’t exactly dissatisfied (I’m not a person who hates technical analysis), I did have the sense that something was missing from what I was learning. It seemed to me that the people writing the books I was reading were relating to the market as if it was a purely numerical construct, and that all that was needed to trade effectively was the perfect indicator, the perfect equation. What drew me instantly to Jim was that he viewed the market as a human construct, which can be understood in human terms. He was the first person I ever heard say, “just feel the emotion in the market.” Rather than obsessing over indicators, Jim uses price, time, and volume to understand who is in the market. By understanding who is in the market, he can understand what his competitors are doing and what he wants to do. I cannot overstate how transformative finding Jim has been for me. I could write many pages about all the nuances I have absorbed. Instead I’ll share what I think is the most important thing Jim has done for me. The bar charts, the market profiles, the references, and the tape are no longer just prices for me. I am beginning to feel the market for myself, and to intuit the other timeframes’ presence and intentions. Before this started to happen for me, I’d stare at the indicators and references very hard, and try to “think” of the correct trade. My focus was very narrow. But now, with what Jim has shown me, I am learning how to open myself to the market, quiet my “thinking” mind, and allow the trade to come to me. Jim Dalton and his team are invaluable.
While surveying the educator industry out there, just about everything I've ever encountered on Market Profile attempts to mechanically make the distribution curve another part of some unthinking rules-based system, which is not how auction markets with irrational human actors work. How Jim employs the Market Profile as simply a tool, another way of organizing the market's mind and data, is radically different. This is why it was so important for you to get this done.
1. Teaching the student to achieve market independence.
2. Sophisticated path to trading flux.
3. Structural tape reading.
4. Dynamic value/volume series arbitrage.
6. Adaptation and evolution with the markets, the participants and any conditions that arise during the course.
Again, I want to thank you for putting on the most recent Intensive. While I have been reflecting on my deepened insights and reinforced observations on a couple nuances that occurred recently, I can’t help think how fortunate I am to be able to apply this knowledge real time in the market. I know many traders out there just totally get mesmerized by price and price action without the hint or idea of Value. Today is another example of being aware of and viewing the price action through the lens of Value, whereby a knowledgeable trader could have been in the position to be on the right side of the market for a decent move.
Even though I have been a client for a number of years, I plan on attending the upcoming Market Profile Primer course for two reasons: I reinforce my learning by listening to the question and answer portions and I literally can’t hear your real time observations on Live Markets enough.