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Could anybody explain, how is it possible, with the market profile, 1020min. Charts, one for the day session, one for the overnight session, with fourteen letters {until N} to cover the day session, to cover the night session, without overlap each other, AND with the fact, that every bar of the letter represents a 30min. time frame? Something about that I don't understand correctly! Thank you for your knowledge, thank you for answering the question!
Can you help answer these questions from other members on NexusFi?
No idea, the market is open 23 hours, so what you want to do with a 17h chart, maybe you are watching someones grain-chart, the grains are open around 17h ???
He uses Market Delta! 1020min Chart for the day session and 1020min Chart for the night session, "market profile, incl. letters", for ES! But also with footprint, for ES, he uses 1020 chart! I can't understand, how he uses it, because for my understanding it's not possible to use a 1020 for the day AND a 1020 for the night session, but one inspires the other, so overlapping make no sense! I don't get it!
For Market Profile he uses two periods being 1. the Daily Session and 2. the Overnight Session. The Daily Session is from 9:30 am - 4:15 pm EST that is 15:30 - 22:15 CET. Everything outside this period is called Overnight. Every half an hour is a TPO represented by a letter. The daily session has 14 TPOs numbered A t/m N.
He doesn't use 1020m charts for market profile! Just half an hour bars/TPOs on the Daily- and the Overnight Session.
Aha, I see what you mean. Indeed, it's confusing. He uses a day- and a evening session and says both sessions are 1020 minutes (17 hours) which of course isn't possible since we have only 24 hours.
On the footprint chart he shows two 1020 minute candles being a day- and an evening session, but again that would be 34 hours together. I have no idea.
Thank you so much for your support and I appreciate you seeing it the way I do! I think I should just leave it as it is, because as you have already correctly noted, there are only the regular 14 letter bars in the market profile! And I think even in the 1 day and 1 night footprint, day and night revenue remains what it is, so the 1020 chart doesn't make sense! But O.K., I'll just leave it like that, if it turns out later that he clarifies something, I'll let you know! The question remains, if you've seen it, in the market profile, the settlement bar should normally be represented by the letter "N", but the "closing price" marked with an asterisk {in the night session} is not on an "N" bar; Did you see that? Thank you very much, best regards, Andreas
Exactly, an "i"! I also took another look at it, looking for letters, so to speak! I think I've realized that the price bars play through the entire alphabet, and "restarting" end up with "i" again! So this seems to be correct, so the "settlement phase" "N" refers exclusively to the day session! Thank you for allowing me to reflect (with you) on the topic I got stuck!
If that's the case, as I thought I saw before, then that would be 26 plus 9 letters, so 35! If I assume that 2x 15min. bars would be included, wherever, I would come to 17 hours, so 1020 minutes! But these are just assumptions on my part, I haven't heard about this so far!
Thx!