Working people, especially in Europe, can usually only find time to watch the market in the early European evening. Domestic markets are less suitable for this because institutional trading no longer takes place here at this time. The US markets can offer traders opportunities in the European evening hours.
This book is not designed for beginners but builds on my 2022 work “Volume Profile, Market Profile, Order Flow – The Next Generation of Day Trading.” which explained the basics. This book also supplements full-time day traders because it addresses other vital topics and analysis methods.
Unlike scalping, the approaches presented here again focus on trading situations where the probability of significant movements increases. It is also made clear that there is no Holy Grail of setups that can be pressed into a set of rules. Forty-nine graphical representations should help advanced traders improve their market understanding and optimize their trading style.
Profile zone and order flow analysis alone do not guarantee successful trading because trading generally requires other qualities that lie hidden within the individual. These must mature in a process based on observation, experience, and determination, giving a trader the necessary intuition for a profitable trading opportunity. In the back of the book, readers can find a few aspects that every trader should monitor himself.
- ASIN : B0C1HZYQZZ
- Publisher : Independently published
- Author : Johannes Forthmann
- Publication date : April 10, 2023
- Language : English
- Print length : 138 pages
- ISBN-13 : 979-8390772850
