Peter Steidlmayer – Steidlmayer on Markets & Trading with Market Profile (book)

Peter Steidlmayer – Steidlmayer on Markets & Trading with Market Profile (book)

It is a well known fact that Pete Steidlmayer codified the Market Profile and presented it to the world. In terms of applying the profile to real-time trading, no one has more insight than Steve Hawkins. If you want to understand the nuances of market behavior and what it takes to be a great trader, then you had better buy this book.
Gerard de Condappa (Floor Trader, SIMEX, Former Member of CBOT & Mid-America Futures Exchange)

Market Profile is a data organizational tool created by J. Peter Steidlmayer in the 1980’s while a member at the Chicago Board of Trade. Mr. Steidlmayer began developing an uplifting Market Profile™ software in the early 90’s and has been working with Steven B. Hawkins progressing the software and methodology. Both are renowned traders and authors that have been working with the Chicago Board of Trade over decades. Over the years, this unique tool has helped traders gain an unparalleled understanding of the markets, as well as find profitable trading opportunities within them. Simple in concept, yet complex in detail, Market Profile™ organizes a number of market elements into a rapidly understood graphic form–revealing trading opportunities other methodologies miss.

In the first edition of this classic guide to Market Profile, Steidlmayer introduced traders to this revolutionary new way of reading and trading the markets. Now Steven Hawkins returns to update and revise Steidlmayer’s concept of Market Profile™ within the context of today’s fast-paced markets.

Steidlmayer on Markets, Trading with Market Profile™, Second Edition lays the foundation for understanding and implementing the Market Profile™ methodology by providing background information based on Steidlmayer’s experiences as a commodities trader, and showing how he developed his ideas and learned to apply them successfully within the markets.

Hawkins moves on to fully discuss this groundbreaking approach to trading the stock, options, and futures markets. In-depth insights and expert advice will teach you:

How to make sound trading decisions using the Market Profile and Liquidity Data Bank approach
The newest methods of volume analysis, including On Floor Information (OFI) and Volume @ Time
How to recognize the “Steidlmayer distribution” – a trading concept that serves as the basic building block from which all market activity develops
How to formulate a game plan and fine-tune your strategy
And much more

Fully updated and completely revised to reflect today’s ever-changing economic environment, the new edition of Steidlmayer on Markets combines practical guidelines for learning how to read and use markets with the underlying principles of how markets work. Filled with helpful tables and charts, and timely new chapters, this book is the most comprehensive guide to trading with Market Profile™.

About the Authors

STEVEN B. HAWKINS has been involved in the markets throughout his professional career. He has acted as an institutional broker and analyst to some of the largest investment banks and trading houses in the world. His trading experience entails proprietary trading in stocks and commodities. Over the past ten years, Mr. Hawkins has instructed traders in the United States, Europe, Australia, Canada, Singapore, and Hong Kong. He has also collaborated on the writing of trading books and has written articles for industry trade publications. Hawkins graduated from the University of Illinois with a degree in economics.