**Jim Dalton Fall Webinar Series**

Join us over the next six weeks as Jim Dalton uses current markets to narrate, analyze, and describe how he uses the Market Profile to read and interpret the markets and understand the behavior of other traders that he is competing against.

  • These six webinars will be recorded and available for a limited time.
  • Registration links can be found by each description.

**If you would like to be notified when these webinars are occurring please sign up here.**

The Mindset of a Professional Trader

Monday, September 22 | 4:30 – 5:30 pm ET

How many trades do you place a day? Are you profitable? Are you consistently profitable? What are your criteria for placing a trade? Jim will share over 40 years of trading experience and discuss his methodology, both in terms of analysis and execution, upon which a trading career is built.

There is one consistent theme we hear over and over again: “Jim has taught me that less trading is more productive.” This will be discussed in detail. Coming into this session you should have reviewed your recent trading history.

Register

Fall Intensive Preparation Webinar 201

Wednesday, September 24 | 4:30 – 6:00 pm ET

This is the second of three progressive preparation webinars to ready traders for the methodology that will be employed during our upcoming Fall Intensive starting September 29. These presentations are for traders newer to the process who want to be as prepared as possible for the five week program. It is also a thorough overview for all interested in Jim’s trading approach.

Register

Fall Intensive Preparation Webinar 301

Thursday, September 25 | 11:30 – 1:00 pm EST

This is the third of three progressive preparation webinars to ready traders for the methodology that will be employed during our upcoming Fall Intensive starting September 29. These presentations are for traders newer to the process who want to be as prepared as possible for the five week program. It is also a thorough overview for all interested in Jim’s trading approach.

Register

S&P Morning Report 9-3-2014

9-3 Morning Report Profiles

Overnight inventory is 100% long with another new high established in the overnight market. Counter auctions relative to overnight inventory continue to run in the 65% range.

The two early references are the overnight high at 2011.00 and the 2-day high at 2004.75. Any meaningful correction would start with rejection above the 2-day high.

Gap trading rules are applicable:

If the gap is filled and value cannot at least be similar value to the prior day, odds of a later day move in the direction of the gap are likely.

Remember, if the gap is filled your attention shifts to developing value. Unless value is becoming at least unchanged relative to yesterday’s pit session value, the odds of a later rally are high.

S&P Recap and Preparation Report for 9-3-2014

9-3 MonthlyThe all-time high for all bar charts was made Monday evening during the electronic session. As we have written so often, without being wrong for any extended period, it is rare when a lasting all-time high or low occurs during the electronic session.

Last year’s high was established in the electronic market on December 31st and was not taken out until February 24th. I mention this so that the Globex all-time high single data observation doesn’t freeze you in place.9-3 WeeklyThe combined reference on the weekly bar from 1985.50 – 1992.70 is an important downside reference level. The combined reference represents a prior trading range high along with last week’s low:

  1. I would expect meaningful short-term stops at this level.
  2. Acceptance back below last week’s low quickly increases the odds that a short-term correction is underway.

Caution—If we trade down to this area make sure there is more than just stops before shorting. Two weeks ago we experienced the short trap; once the stops were elected the market rallied strongly.

If there is no serious downside test of this level all pressure remains to the upside.9-3 DailyThe daily bar shows the same references; let’s review the market via the daily Profiles.9-3 poriflesI use the bar charts for a larger perspective. For example, is the market trending or balancing. Once I have the larger perspective I zero in using the additional information provided by the two-dimensional Profiles. This additional information might include poor highs or lows, prominent or very prominent POC’s, and anomalies.

Wednesday—There was profit taking on Tuesday and some liquidation of overnight long inventory; however, there was no indication of serious selling.

My focus for Wednesday morning is on the 2-day high and low. Balance trading rules apply at the 2-day high and low.

We will update you prior to the opening.

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