What I mean by Balance rules

21.12.17 08:19 PM By bernard
As I am on vacation this week. I would like to refresh some educational materials to better understand this daily blog. 

First of all I've been a Dalton student for the past 6 years and it just changed my trading life. I had already developed a Market Profile product called Market Map. As my education with Jim changed the way I was looking at the market I have included Jim Dalton's methodology  in my product which is now called Pro Suite Gold.

 I encourage all traders that want to learn trading to take his courses and webinars as well as listen to his videos. 
There are lots of free videos in his website. ..
more info at jdaltontrading.com.   

When the market is in balance, three scenarios could happen : Trading at the balance extreme high
  1. We trade near the high of the balance and reject prices.  The other balance extreme becomes the destination.
  2. We trade through the balance high but reject prices. This is a failed breakout. The other balance extreme becomes the destination.
  3. We trade through the balance high and accelerate on the direction of the breakout. This is a successful up breakout.
Trading at the balance extreme low
  1. We trade near the low of the balance and reject prices.  The other balance extreme becomes the destination.
  2. We trade through the balance low but reject prices. This is a failed breakout. The other balance extreme becomes the destination.
  3. We trade through the balance low and accelerate on the direction of the breakout. This is a successful down breakout.