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Market Profile and Forex
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Market Profile and Forex

  #1 (permalink)
Elite Member
Edinburgh, UK
 
Futures Experience: Intermediate
Platform: StrategyTrader, TradingStation
Broker/Data: FXCM
Favorite Futures: Forex, DAX, FTSE100
 
robocod's Avatar
 
Posts: 8 since Mar 2012
Thanks: 4 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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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
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Has been discussed a lot in the main Profile thread:

https://futures.io/elite-circle/20727-volume-profile-footprint-discussion.html

Mike

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  #4 (permalink)
Elite Member
Edinburgh, UK
 
Futures Experience: Intermediate
Platform: StrategyTrader, TradingStation
Broker/Data: FXCM
Favorite Futures: Forex, DAX, FTSE100
 
robocod's Avatar
 
Posts: 8 since Mar 2012
Thanks: 4 given, 7 received


Big Mike View Post
Has been discussed a lot in the main Profile thread:

https://futures.io/elite-circle/20727-volume-profile-footprint-discussion.html

Mike

Thanks Mike. Great thread. I found the bits I was looking for, and now I'm going back to read the whole thread again - there's some real gems in there.

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