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Market Profile and Forex

  #1 (permalink)

Edinburgh, UK
 
Trading Experience: Intermediate
Platform: StrategyTrader, TradingStation
Broker/Data: FXCM
Favorite Futures: Forex, DAX, FTSE100
 
robocod's Avatar
 
Posts: 8 since Mar 2012
Thanks: 10 given, 7 received

Market Profile and Forex

I am familiar with using Market Profile (Volume Profile) in the context of stock indices (DAX, FTSE, S&P, etc.) where there is a specific "session" start-time, end-time, RTH, O/N, etc.

However, forex (spot forex, not futures) is 24hour. So, for Market Profile purposes, when should I start the profile? I've tried various, e.g. start of London session (since this is when the volume starts to increase after the quiet Asian period), start of US session (e.g. 8am EST). Or perhaps I should align to the futures (which is 7:20am Chicago?).

Any advice or ideas about what works best?

What do you use?

Thanks.

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