Value Based Power Trading by Donald L.Jones Free Download – Includes Verified Content:
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This book is the only one that discusses the Auction Market Value Theory (AMVT) method, which is distinct from the Market Profile method. Donald Jones, the author of this book, has essentially converted Market Profile to AMVT and still teaches AMVT to students today.
Although it did develop from Market Profile, AMVT is more advanced. AMVT doesn’t try to categorize a market day using a generalized Market Profile shape and then base trading on that generalization. Since Steidlmayer’s use of Market Profile, the markets have evolved.
A trader using the AMVT technique examines a Meta-Profile (which is not the same as a Market Profile), Overlay Demand Curves, and several market reference points. Market Profile is not the same as how these reference points and charts are created and used. The contrasts, as well as how and why AMVT is applicable to contemporary and evolving market situations, are explained in this book.
It may take multiple readings and, ultimately, numerous applications to truly “get it” because this information is not straightforward. Although no market is straightforward, this book performed a fantastic job of giving me the fundamentals of market trading. Although I’ve read Mind Over Markets and related works, I now exclusively use AMVT for trading.
