Steidlmayer on Markets: A New Approach to Trading [Hardcover]

J. Peter Steidlmayer (Author)

Book Description

Publication Date: January 1, 1989

A complete guide to Steidlmayer's new approach to markets, especially the futures markets. Part I provides background information based on Steidlmayer's experiences as a commodities trader, showing how he developed his ideas and learned to apply them to futures trading. Part II outlines his theory of markets, explains factors that determine prices, and describes the Market Profile and Liquidity Data Bank systems. Part III provides detailed applications, showing how to read market activity, recognize both fundamental and technical factors underlying price movements, and make sound investment and trading decisions.

Editorial Reviews

From the Publisher

A complete guide to Steidlmayer's new approach to markets, especially the futures markets. Part I provides background information based on Steidlmayer's experiences as a commodities trader, showing how he developed his ideas and learned to apply them to futures trading. Part II outlines his theory of markets, explains factors that determine prices, and describes the Market Profile and Liquidity Data Bank systems. Part III provides detailed applications, showing how to read market activity, recognize both fundamental and technical factors underlying price movements, and make sound investment and trading decisions.

Product Details

• Hardcover: 184 pages
• Publisher: Wiley; 1 edition (January 1, 1989)
• Language: English
• ISBN-10: 0471621153
• ISBN-13: 978-0471621157
• Product Dimensions: 9.2 x 6.2 x 0.7 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #658,082 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

17 of 18 people found the following review helpful:

5.0 out of 5 stars Market Profile Reviewed, April 9, 2001

By 

Andy Wilkinson (Winter Park, Florida United States) - See all my reviews

This review is from: Steidlmayer on Markets: A New Approach to Trading (Hardcover)

I was first drawn to the works of Peter Steidlmeyer in 1993 as a futures trader by a colleague who explained that the features that I noted about the frenzied interest rate futures markets, had been encapsulated by this author. Without reading the book I tried to monitor the market activities in the profile that had been explained to me. Strangely enough, there was a pattern apparent on the daily sheets of paper that I started to collect.

It was not until late 1999 that I revisited the phenonmenon when I started to trade on my own account from an office. I recalled the works and decided to pick up the book. It was an incredible revelation and revitalised my enthusiasm for day trading. Many people feel that they have a gut instinct in understanding where markets will trade, but Steidlmeyer's statistical approach formalises much of this. I was particularly interested in how his upbringing and his experiences as a child and the responsibilities he was given formed his approach to trading as a pro. From the writing you will learn the importance of watching rather than partaking in the opening hour of the market, which is often a money saver. it will teach you rules of discipline, because it makes sense.

What I failed to take away from the book in working practice was the application of options volume from the 'far-traders,' the people who were bothered about the long-term haul, and how this could be witnessed in practice. There is certainly a lot of truth in it, but I could not match this with my experience as a day trader. The statistical comprehension of Market Profile is skillfully explained and is profitable to those who adopt it. the book is well written, understandable to the novice and is sound advice.

5.0 out of 5 stars Arrived on TIME in Good Condition - Steidlmayer on Markets: A New Approach to Trading, January 12, 2011

By 

AK7000 - See all my reviews

Amazon Verified Purchase

This review is from: Steidlmayer on Markets: A New Approach to Trading (Hardcover)

Just wanted to take time to say that my ORDER was
placed on Dec 30th and the item shipped on Dec 31st.
Arrived through MEDIA MAIL in GOOD condition.

This book is an absolute must to the trading library.
The standard deviation approach gives the inside details
with so much clarity. With a probability mind set we could
enter the next day with a game plan and an edge. This is not
lagging in approach as it deals with "time - price - Volume"
in the past for strategies and game plans for tomorrow (future).

May be the second edition has a few more actual trading game plans.
Also other books on Market Profile could add more game plans & strategies.

If we are used to the technical indicators it could take a few
days to get past the hurdles with "lagging" technical indicators.
Market Profile is about pattern recognition; with Value areas and NODES.

Thanks
AK7000

2 of 6 people found the following review helpful:

5.0 out of 5 stars A practical theory, February 24, 2005

By 

GT "GT" (Hong Kong) - See all my reviews

This review is from: Steidlmayer on Markets: A New Approach to Trading (Hardcover)

For those who like to take profit or survive in the stock market, this is the most practical method. This is essential to decision making no matter what the market will be. In down turn, survival is the most important than all.Up, take the best profit. Non-trendy, do nothing.