Market Profile Book

#1
Hi,

Nice site Traderji! I am an electronic futures trader based out of Sydney. I have direct access into the big 4 (CME, LIFFE, EUREX and CBOT). I use the Market Profile methodology quite a bit and I have been hunting for the following book:

Steidlmayers Market Profile Workshop: A Hands-On Guide to the Methods of a Master Trader. J. Peter Steidlmayer. Wiley & Sons, 1992.

Anyone trade the Nifty 50 futures on the NSE? Do you have direct access into the market? Any volume scalpers out there? Very interested to hear more about these markets.

Regards,


Gerard de Condappa

[email protected]
 
#2
Scalping the nifty is a tough job for a retail trader, due to the % based commissions here.
Typically 0.05% of the underlying value, per roundturn, is a competitive commission, so with the nifty at 2000 one needs to make 1+ point just to cover the commission. The spreads are also not as narrow as in the S&P futures.
 

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