Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Key Learnings from James Dalton – Market Profile Guru – Traderscarnival 2016

2 min read

Here is the storified version of James Dalton’s(Market Profile Guru) talk at Traderscarnival 2016 – Bangkok. Lots of leanings, thought process as a takeaway from the master which could help improvise your trading decisions.

1. Use Market Profile to Organize Information

2. Emotional Capital Vs Financial Capital

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3. Don’t need lot of capital to listen markets

4. My Initial Position is always speculative long Put or a long Call

5.Which Book to Start with Market Profile

6.Value Area Traders are Emotional Players

7. Failed Auction do not really work

8. Larger the Gaps lower the odds of filling the same day

9.Trading Sideways Market

10.Which timeframe is in control

11. Jim Dalton about other Market Profile Traders

12.Should Look for a Buy or Sell?

13.Who Drives Short Covering?

14.Cognitive Dissonance

15.Dont Trade during Educational Programs

16.Let the trade come to you. Dont look for instant trades

17. You need to know when the Economic Numbers are going to released not what the numbers are

18. About Markets

19. No Need to be in the trade all the time

20.Teaching Markets?

Listen here to know about what James Dalton thinks about US Market.

httpv://www.youtube.com/watch?v=yIp7kB-d5zs

Read the entire Dalton’s Interview here

Dalton’s Photo Made of Market Profile Letters – Gift from Rishi(ProAMTtraider) to James Dalton

And last but not least me with the master!

It was a great opportunity and learning experience for me to learn directly from the master! #TC2016

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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