Steidlmayer on Markets: Trading with Market Profile
$27.90
| Author(s) | , |
|---|---|
| Format |
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| Pages |
184 |
| Published Date |
2003 |
J. Peter Steidlmayer’s Steidlmayer on Markets is a groundbreaking work that reshaped the way traders view price action, volume, and market structure. As the creator of the Market Profile™, Steidlmayer introduced a revolutionary charting concept that organizes market data into a distribution framework, allowing traders to better understand the auction process and identify areas of value, balance, and imbalance in price activity.
This book serves both as an introduction to Market Profile and as an advanced guide to applying it in real-world trading. Steidlmayer and Hawkins explain how the profile reveals the underlying dynamics of supply and demand, showing traders where institutions are active, where liquidity resides, and how market participants interact across different timeframes. By analyzing these structures, traders gain insight into potential breakout zones, trend continuations, and reversals with greater confidence.
What distinguishes Steidlmayer on Markets is its emphasis on the philosophy behind trading as much as the mechanics. Steidlmayer stresses that markets are driven by human behavior and the constant negotiation of value. Understanding this process requires a shift in perspective—away from rigid indicators and toward a probabilistic, auction-based framework.
The book covers essential concepts such as the Initial Balance, Point of Control, and Value Area, all of which are foundational to Market Profile analysis. It also includes practical guidance on how to combine Market Profile with other tools to create structured trading plans. Examples and illustrations show how to apply these methods across futures, equities, and other liquid markets.
Beyond the technical, the authors emphasize discipline, patience, and adaptability—qualities necessary to succeed with Market Profile and trading in general. Their insights provide traders not just with a system, but with a deeper way of interpreting markets.
Ultimately, Steidlmayer on Markets stands as both a seminal text and a practical handbook for anyone serious about mastering Market Profile. It offers traders a new lens to view price discovery and equips them with tools to navigate market uncertainty with clarity and structure.
Contents:
- Early Lessons
- Changing Markets
- The Information Revolution
- Understanding Market Profile
- Understanding Liquidity Data Bank
- The Steidlmayer Theory of Markets
- The Steidlmayer Distribution
- Natural Volume
- Reading Market Activity
- Profile of the Successful Trader
- Trade Preparation, Execution and Monitoring
Steidlmayer on Markets: Trading with Market Profile By J. Steidlmayer and Steven B. Hawkins pdf
22 reviews for Steidlmayer on Markets: Trading with Market Profile
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Wren O’brien (verified owner) –
Interesting but Jim Dalton has this wrapped up. It’s not a bad book.
Allie Shelton (verified owner) –
This book does a good job explaining the history and theory of Market Profile. However, it does not mention the application of the theory which was disappointing. The worst part though was Hawkins’ writing – I haven’t read a book so poorly written in a long time.
Sterling Page (verified owner) –
This book does a good job explaining the history and theory of Market Profile. However, it does not mention the application of the theory which was disappointing. The worst part though was Hawkins’ writing – I haven’t read a book so poorly written in a long time.
Naya Richards (verified owner) –
THE CONCEPTS WERE DIFFICULT. A DEGREE FINANCE WOULD HAVE BEEN A GREAT HELP.
Lia McClure (verified owner) –
Sometimes you just need to know what others are thinking upon and acting upon, this book explains market profiling in a very thorough and comprehensive way. I don’t think you need to read is more than once, which is either a comment on the authors skill or the simplicity of the subject matter. I shall not comment on the more art and less science of how the analysis is conducted as its quite subjective. The actual profile data production is simple, how you might act upon the patterns discussed is not as scientific as I imagined. It is an area you should at least understand as it appears to be in widespread use.
Cade Scott (verified owner) –
High price but low value in terms of practical application.
Aurora Orozco (verified owner) –
This book can help to to identify the pattern in the market and trade the trend. However, the real time data and the program to give a graphical layout may not be easily obtained.
Harmony Compton (verified owner) –
This is an excellent read and well worth the investment. It will give any trader a better understanding of why markets do what they do. This book does not give a specific trading strategy (which was one of the things I was looking for) but rather insight into a tool that will support your trading and help you make decisions. This is the type of tool that the pros use. My biggest disappointment is the acknowledgement that Market Profile doesn’t work like it used to, now you need new sophisticated tools and techniques that leverage Market Profile data as a starting point, which is convenient because the authors happen to have the software to do just that, Capflow32.
Olivia Norris (verified owner) –
I had the pleasure of actually going to one of the first Steidlmayer classes in Chicago in 1984. I remember during break going to the restroom and another class member asking me if I thought the book was worth $30.00. I told him that I was buying the book because if it didn’t work I would know without someone telling me. I have been trading for 36 years and have a successful forecasting website. Looking back the Market Profile was the single most important book I ever read and learned how to use. A lot more than even Steidlmayer has ever printed. I believe if used properly a person can develop a sixth sense in trading markets. I would not be any where I am today if it weren’t for the Market Profile. I highly recommend this book to my subscribers at […]
Alex Barnett (verified owner) –
great book
Leonel Gilmore (verified owner) –
I don’t like it
Marley Higgins (verified owner) –
It has the information that I was looking for and it covers it in great detail.
Royal Fuentes (verified owner) –
If I hadn’t already read earlier works, written by Steidlmayer himself, plus work done by others on the subject of market profile, I might have found this book useful.
Abner Cunningham (verified owner) –
Interesting read as to how he strted thinking of the market profile. Adds context.
Harlow Browning (verified owner) –
This is the first book I read after I commenced, or attempted to trade, naturally with loss and no success. It has given me a great insight to the market. I build my own Market Profile on a spread sheet and continue to do so. The market shows no sympathy to any trader. I am on a big learning curve that will probably last for years.
Keanu Robertson (verified owner) –
Steidlmayer is outstanding! This book is great & very helpful, an easy reading guide. Highly recommend!
Chanel Chandler (verified owner) –
Bill reviews his tools for looking at volume over time. Truly mind expanding for futures trading, allows one to view and trade against the other “time frame participants”. If you saw the movie the matrix, you will see a metophor for this approach.
Cairo Serrano (verified owner) –
Steidlmayer is a genius.
And apparently quite a nice gentleman to boot.
He respects the markets enough to add to the sum knowledge of the trading community by sharing his brilliant insights into trading.
But this book is a bust.
Part I is great. It’s Steidlmayer telling anecdotes about growing up and getting hooked on the business. Stuff that anybody who has ever traded a one lot, will find fascinating, familiar, and encouraging.
Part II is Hawkins doing a darn poor job of explaining concepts that Dalton does far better. But then, when he has completely mystified you with poor logic or bad editing, I know not which, Hawkins makes a great observation and you almost want to forgive him for the confusing style.
J. Peter Steilmayer is a genius.
Market Profile is brilliant.
I read this book.
I suppose I am glad I did.
But it did not contribute much to my knowledge of MP.
It barely covered segmented data.
Did a poor job of explaining “market time”.
ANd it skimmed over Capflow, which is what I really wanted to learn about.
You should borrow it from a friend, get it from the library, or look for my edition for sale on Craigslist.
Riley Park (verified owner) –
Detail and up to the point illustration on Price Action. The explanation on how does price work is valuable for new traders.
Holden Smith (verified owner) –
The book is in two parts. In the first part, Steidlmayer gives some personal background and tells about how he developed the Market Profile(TM) method as well as gives some insights into why it works based on his experience. He describes points about using his methods before we really know much about what they even are. The concepts are not the usual technical analysis kinds of things. These are new (since about 1981) ways of looking at markets that are based the underlying process viewed with the help of some elementary statistical ideas. The primary concepts involve looking at the time the market spends at a price to determine value. Value is different from price. (Time seems to be a surrogate for volume but volume information was not available generally back when the methods were developed.)
In the second part of the book, Steve Hawkins attempts to explain more systematically the concepts of market profile. Some of the terminology is reasonably well explained, but the synthesis of the concepts seems to be lacking. I was not satisfied with the explanations. I felt I had to take his clues and figure out the ideas myself. I frequently found myself rereading passages two or three times to make sure I caught the ideas which were opaquely explained. I hope this is not the best explanation of Market Profile (it is the first book I have read on the topic, but I like it very well). Finally, the last chapter is pure unadulterated and unapologetic promotion of their products. I do not know anything about these, but I think I prefer CQG’s graphics to their CapFlow graphics.
I would give this book five stars for originality, but only three, or maybe four stars, for clarity of explanation.
Reese Barber (verified owner) –
Great book…..different concepts….loved it
Cassidy Mills (verified owner) –
great book, much recommended to those who want to apply MP and the auction process principles to trading.