J Dalton Trading General Partnership was founded in the spirit of education and the sharing of information; our materials and the information you obtain at this website is exclusively for educational purposes. We are an organization that provides strictly educational support to assist you through the intricacies of learning about markets in order f [..]

An anomaly is a single price or price levels that lack symmetry, an unusual structural arrangement in the Market Profile®; they represent structural weakness. Learning to spot anomalies is the first step toward understanding the information that anomalies provide. Asymmetric opportunities:

The purpose of an auction is to facilitate trade. Prices constantly auction from low to high and from high to low to fairly distribute the bids and offers presented by the market participants of all timeframes. This is the fairest way to allocate prices and contracts among competing bids and offers; the byproduct of the two-way auction process is m [..]

Market may slightly extend the range in either direction, stays in balance. Patience is in order. Market explores upside breakout and is met by aggressive sellers; prices fail to be accepted above the breakout. Fade the price probe failure—the potential target is for rotation to the opposite end of balance. Market explores to the upside; higher pri [..]

Simply means that you record market-generated information and incorporate it into your market perspective and analysis going forward. This practice helps you maintain a bigger perspective and helps you avoid getting caught up in the day. It is market-generated information that you employ to understand the auction process, the odds, and helps you fo [..]

The anxiety we feel when we are experiencing two simultaneous conflicting thoughts or ideas; for example, the monthly jobs report is very negative or “bearish” while market-generated information is equally positive or “bullish”. This is a constant and ongoing issue with us as traders. Completion:

The height of the profile from high to low. While trading occurs in the electronic markets for most of a 24 hour period, when we refer to daily range we are referring to the time that a market is open—the traditional “pit session” hours. Destination trade:

Information is the driving force of all markets; information has no power until someone acts on it. Understanding human nature is key to understanding the totality of the auction process. The following behavior is applicable to all independent timeframes: (Chapter Two and Chapter Seven of Markets in Profile and Chapter Six of The Tipping Point offe [..]

are next and climb aboard a trend early in the process. (Remember: these concepts are applicable to all timeframes independently.) They are also less likely to be driven by communal decisions. They can become very aggressive. The early majority

is led by the larger, slower moving institutions and individuals; those who require substantial information prior to making a commitment or decision. They tend to be more committee based if they are institutional. The laggards