Sophisticated traders—defined as those that survive and prosper over the long haul—quickly adapt to different strategies depending on the bracket/trend bifurcation. Investors that incorporate market-generated information effectively increase the odds that they can determine whether the current market action is occurring within the context of an intermediate or longer-term bracket, or as part of a trend. The strategies for each of these two types of markets are quite different.
In order to identify change early enough to act, you must be creative, flexible, and innovative when you process information. You have to be able to interpret the fundamentals of market activity in a way that keeps your head clear of the deluge of conflicting information. Any individual or organization that hopes to be consistently successful must continue to learn and develop fresh approaches to investing, always questioning the status quo, reviewing standard practices, and extending their knowledge base.
TheMarket Profile, which is entirely process driven, provides an objective, visual structure to market activity that reflects the embodiment of the actions of all timeframes and market participants. Once you have learned to read and interpret this profile, it becomes possible to demystify market behavior. You can gain a significant advantage over the competition by better understanding and capitalizing on the market’s reaction to fundamental information—before the market reacts and opportunity is lost.
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