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Market Profile and Forex


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robocod's Avatar
 robocod 
Edinburgh, UK
 
Experience: Intermediate
Platform: StrategyTrader, TradingStation
Broker: FXCM
Trading: Forex, DAX, FTSE100
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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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 Big Mike 
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robocod's Avatar
 robocod 
Edinburgh, UK
 
Experience: Intermediate
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Big Mike View Post
Has been discussed a lot in the main Profile thread:



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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