Mind over Markets: Power Trading with Market Generated Information -- Contents -- Preface -- Acknowledgments -- Chapter 1: Introduction -- Chapter 2: Novice -- Laying the Foundation -- The Auction -- Organizing the Day -- Challenging the Rules -- The Role of the Marketplace -- Going with the Crowd -- Introduction to Day Timeframe Structure -- Normal Day -- Dynamics -- Structural Characteristics -- Normal Variation of a Normal Day -- Dynamics -- Structural Characteristics -- Trend Day -- Dynamics -- Structural Characteristics -- Double-Distribution Trend Day -- Dynamics -- Structural Characteristics -- Nontrend Day -- Dynamics -- Structural Characteristics -- Neutral Day -- Dynamics -- Structural Characteristics -- Day Type Summary -- Chapter 3: Advanced Beginner -- Building the Framework -- The Big Picture: Market Structure, Trading Logic, and Time -- A Synthesis: Structure, Time, and Logic -- Ease of Learning -- Amount of Information -- Recognition Speed -- Trade Location -- Confidence Level -- Summary -- Evaluating Other Timeframe Control -- Other Timeframe Control on the Extremes -- Tails (or Extremes) -- Range Extension -- Other Timeframe Control in the Body of the Profile -- TPO -- Initiative versus Responsive Activity -- Trending versus Bracketed Markets -- Key Elements-A Brief Discussion -- Trending Markets -- Bracketed Markets -- The Two Big Questions -- Chapter 4: Competent -- Doing the Trade -- Section I -- Day Timeframe Trading -- Day Timeframe Directional Conviction -- Opening Call -- The Open -- The Open as a Gauge of Market Conviction -- Open-Drive -- Open-Test-Drive -- Open-Rejection-Reverse -- Open-Auction -- Open-Auction in Range -- Open-Auction out of Range -- Summary -- Opening's Relationship to Previous Day-Estimating Daily Range Potential -- Open within Value-Acceptance -- Rejection (Breakout).

Open outside of Value but within Range-Acceptance -- Rejection (Breakout) -- Open outside of Range-Acceptance -- Rejection -- Summary -- April 13,1989 -- Crude Oil -- S&P 500 -- Gold -- Japanese Yen -- Soybeans -- Treasury Bonds -- Summary -- Day Timeframe Auction Rotations -- Two-Timeframe Markets -- One-Timeframe Markets -- Using Auction Rotations to Evaluate Other Timeframe Control -- Structure -- Half-Hour Auctions -- Extremes -- Range Extension -- Time -- Identifying Timeframe Transition -- December Swiss Franc, October 12, 1987 -- Y to E: One-Timeframe Buying -- E: Time -- Y to F: Auction Test -- G: Transition Confirmation -- E to H: One-Timeframe Selling -- H: Auction Test -- I: Transition Confirmation -- H-J: One-Timeframe Buying -- Summary -- Auction Failures -- Excess -- Signs of Excess -- The Rotation Factor -- Monitoring the POC or Fairest Price -- 9:30 a.m. Figure 4.30 -- 10:00 a.m. Figure 4.31 -- 10:30 a.m. Figure 4.32 -- Noon Figure 4.33 -- 2:00 p.m. Figure 4.34 -- The Close -- Day Timeframe Visualization and Pattern Recognition -- Short-Covering Rallies -- Long-Liquidation Breaks -- Summary of Short Covering and Long Liquidation -- Ledges -- Summary -- High- and Low-Volume Areas -- High-Volume Areas -- Identifying High-Volume Levels -- High-Volume Examples -- Low-Volume Areas -- Low-Volume Examples -- Summary -- Summary-Day Timeframe Trading -- Section II -- Long-Term Trading -- Long-Term Directional Conviction -- Attempted Direction: Which Way Is the Market Trying to Go? -- Auction Rotations -- Range Extension -- Long-Term Excess -- Island Days -- Long-Term Tails -- Gaps -- Summary -- Buying/Selling Composite Days -- Summary -- Directional Performance: Is the Market Doing a Good Job in its Attempts to Get There? -- Volume -- Evaluating Changes in Volume -- Volume as a Measure of Directional Performance -- Value-Area Placement.

Evaluating Directional Performance through Combined Volume and Value-Area Placement -- Value-Area Width -- Summary: Long-Term Activity Record -- Long-Term Auction Rotations -- Brackets -- Trade Location in a Bracketed Market -- Rule 1: Monitor Market Direction and Location within the Current Bracket -- Rule 2: Markets Generally Test the Bracket Extreme More Than Once -- Rule 3: Markets Fluctuate within Bracketed Regions -- Rule 4: Monitor Activity Near the Bracket Extremes for Acceptance/Rejection -- Transition: Bracket to Trend -- Trends -- Trade Location in a Trending Market -- Monitoring Trends for Continuation -- Transition: Trend to Bracket -- Detailed Analysis of a Developing Market -- Bracket Reference Points -- Region A (Figure 4.87) -- Region B (Figure 4.88) -- Region C (Figure 4.89) -- Region D (Figure 4.90) -- Long-Term Auction Failures -- Long-Term Short Covering and Long Liquidation -- Applications -- Corrective Action -- The Function of Corrective Action -- Summary -- Long-Term Profiles -- Using Long-Term Profiles -- The Long-Term Profile in Action -- Region A (Figures 4.98 and 4.99) -- Region B (Figures 4.100 and 4.101) -- Summary -- Special Situations -- 3 to I Days -- Neutral-Extreme Days -- The Value-Area Rule -- Summary -- Spikes -- Acceptance versus Rejection -- Openings within the Spike -- Openings outside the Spike -- Bullish Openings -- Bearish Openings -- Spike Reference Points -- Balance-Area Breakouts -- Gaps -- Day Timeframe Significance of Gaps -- Summary -- Markets to Stay Out Of -- Nontrend Days -- Nonconviction Days -- Long-Term Nontrend Markets -- News-Influenced Markets -- Summary -- News -- Summary -- Beyond the Competent Trader -- Chapter 5: Proficient -- Self-Understanding: Becoming a Successful Trader -- Self-Observation -- The Whole-Brained Trader -- The Left Hemisphere -- The Right Hemisphere.

Combining the Two Hemispheres -- Strategy -- A Business Strategy -- Capital -- Location -- Timing -- Information -- Know Your Competition -- Know Yourself -- Consistent, Daily Execution -- Inventory -- Risk -- Goals -- Record Keeping and Performance -- Dedication -- Applications -- Summary -- Chapter 6: The Expert Trader -- Chapter 7: Experience -- Set Aside Your Expectations -- Mind over Markets in Profile -- Market-Understanding and Self-Understanding -- Perfect Practice Makes Perfect -- Blinded by Price -- Be Prepared -- Perspective -- Overnight Inventory -- Gaps Can Be Gold -- Gaining an Edge -- The Fairest Price Revealed -- Thinking Statistically -- The Trader's Dilemma -- The Most Important Omission from the First Printing in 1990 -- Emotional Markets -- A Landscape View of the Market -- Personal Evolution -- Hierarchy of Information -- Timeframe Control-Who Is Dominating the Current Session? -- Markets Are Visual -- Destination Trades -- The Opening -- Trends -- Daily Perspective -- Cognitive Dissonance -- Imagination -- False Certainty -- Anomalies -- Market Logic -- We Are All Day Traders -- Appendix 1: Value-Area Calculation -- Volume Value-Area Calculation -- TPO Value-Area Calculation -- Appendix II: TPO versus Volume Profiles -- Single Price Level Distortions -- End of Day Total Volume versus Ongoing Volume throughout the Day -- Anomalies -- Too Focused on Volume -- Conclusion -- Suggested Readings -- About the Authors -- Index.