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#15 (permalink)
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Legendary Market Wizard
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Right, except it's 2PM CT, so 3PM ET.
Either way @Grantx, open a cash EURUSD and open volume on it. As already discussed, this won't be a meaningful aggregate, but it will show that every day at 17:00 ET, the volume is at the lowest. And, as discussed before, this is the time just after US closes, and before Australia opens. Markets open Sunday around 5pm ET, and they all close by 4pm or 5pm ET Friday. So, the most logical choice for a "day" in forex is 5pm to 5pm. If there's a better choice, I'd be interested to hear reasons behind it.
At any rate, don't overthink it, and if using TPOs, are you sure you want to give equal weight to the 5pm hour as the hour when the market is active? Would just use a EURUSD cash chart with a volume profile and be done with it.
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