Value Based Power Trading by Donald L.Jones

This is the only book written about the Auction Market Value Theory (AMVT) approach – not a Market Profile approach. This book is written by Donald Jones, who for the most part, has almost soley evolved Market Profile to AMVT and continues to teach students AMVT today.

While AMVT did evolve from Market Profile, it goes a step beyond. AMVT does not attempt to use a generalized Market Profile shape to classify a market day and base trades on that generalization. The markets have changed since the days of Steidlmayer using Market Profile.

AMVT approach has a trader reviewing several or more market reference points (similar to Market Profile), a Meta-Profile (not Market Profile) and Overlay Demand Curves. How these reference points and charts are constructed and applied are different from Market Profile. This book explains what the differences are and the how and why AMVT applies to modern and changing market conditions.

This material is not a simple approach and may take several reads and finally many applications to really “get it”. No market is simple, but this book did a wonderful job of providing me the first steps to a better understanding of trading markets. I’ve read Mind Over Markets and follow-on books, but I now only trade using AMVT.