Jim Dalton Blog

TEMPORARILY RIGHT WHILE BEING SYSTEMATICALLY WRONG 

Special Report May 22, 2017 MP Graphic 2

NOTE: Jim’s S&P Report for Monday, May 22, 2017 is available for download at the end of this post. Interpreting market-generated information is the foundation of J Dalton Trading. Short-term traders were temporarily right during Wednesday’s selloff and systematically wrong. Our Recap and Preparation Report for Thursday, May 18, which is part of the current […]

SPECIAL REPORT FROM J DALTON TRADING MAY 17, 2017

SPECIAL REPORT FROM JDALTON TRADING MAY 17, 2017

GAPS I have consistently discussed the market vacuum that can exist following multiple, successive gaps. A single gap may simply represent a change in market thinking and may exist for extended periods of time. I have generally labeled the three successive gaps as excessive. Multiple, successive gaps usually signal the emotional, late stages of momentum […]

TOS MONKEY BARS SET UP AND STUDIES

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This post has been created to help traders set up Think or Swim Monkey Bars to be similar to Jim Dalton’s Market Profiles. A JD member furnished these instructions for fellow members at J Dalton Trading. Studies you can add: #Calculates half back in multiple available aggregation periods. input aggregationPeriod = AggregationPeriod.DAY; plot HB = […]

We’re Back

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Roses are red Violets are blue J Dalton Trading is back Because of you! Yes, it’s true! J Dalton Trading has been officially re-launched and I have come out of retirement — for the first time, that is. (I figure that if I take a cue from the likes of Michael Jordan and Brett Favre, […]

Jim Dalton’s Top 5 Tips for Successful Trading

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No matter what timeframe trader you are, we are all day traders on the day we enter and exit a position. And how we enter our initial trade, no matter our timeframe, will ultimately influence our subsequent actions. Understanding that influence — both positive and negative — is vital to success. Positive psychology is an […]

Now on Jim Dalton’s Reading List: David and Goliath

David and Goliath

As with any study or craft, you have to continuously fill the well of knowledge to draw upon new ideas, inspiration, problem solving, and to simply recharge. And it’s no different with trading. One of my biggest sources of inspiration for new trading concepts has always been from books. Not trading books. Not meaty financial […]

Trading Magic: Are you Watching The Wrong Hand?

Magician Dennis Watkins

Since it is Halloween, I thought that this was a perfect time to revisit a theme from one of our most popular seminars: Trading, Magic and The Art of Misdirection. We held it this past spring in Chicago and brought in esteemed magician Dennis Watkins. Through slight of hand, Watkins — who has been featured […]

What is the Market Profile®?

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The Market Profile is a unique charting tool that enables traders to observe the two-way auction process that drives all market movement—the ebb and flow of price over time—in a way that reveals patterns in herd behavior. Put another way, the Market Profile is simply a constantly developing graphic that records and organizes auction data. Scientists […]

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