: View markets as continuous two-way auctions where price moves to find the level that facilitates the most trade.
: The specific price level where the most trading activity (maximum consensus) occurred during a session. Markets in Profile
Most traders fail because they try to guess where price is going based on lagging indicators. In Markets in Profile , Jim Dalton argues that the market is a continuous auction. Instead of looking for patterns, we should be looking for . : View markets as continuous two-way auctions where
: Identifies the price range where 70% of the day’s trading occurs, representing a "fair" price equilibrium. Markets in Profile
Master the auction, master the market. #DayTrading #OrderFlow
"You can manage risk but not return." — Peter Bernstein (via Markets in Profile ) 🧵