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The last profile we refer to in terms of
previous data is the overnight profile.
Now the overnight profile captures the
Globex data, so everything from 6pm
Eastern Time all the way through to 9.30am
Eastern Time, which is that New York Open.
It captures that entire overnight session
and gives us value levels to refer to
going into the next days. This is a
particularly useful profile going into the
New York session for you New York traders,
but it can be referred to going into the
next overnight session as well, which
we'll get into more later. So the
overnight profile you can see on the right
hand side here, we have it drawn from 6pm
through to 9.30am Eastern Time and every
single trading day you want to look back
and refer to what is the most recent
completed overnight session, draw that
profile from 6pm to 9.30am Eastern Time
and label with the value high, point of
control, value low, but with an O in the
front so we can differentiate between the
levels. So overnight value high, point of
control, and value area low. So these
extend all the way through until the end
of the next overnight session. And these
are our additional medium term levels. So
let's have a look on the chart now how to
draw this out. And again, this is the
final past data profile that we'll use
before going into placing the developing
profile on the chart and how to do that.
So we're here in trading view and we still
have the levels placed down from the
previous modules. So now we have that
weekly profile and those value levels
placed here in orange. We've got the
previous day's regular trading hours
levels placed here in white. Now the final
profile we use for past data is that
overnight session profile. So you can see
now we're currently in the middle of an
overnight session. It's about 9, almost
10pm Eastern Time. So that overnight
session started at 6pm. It's still in
progress. So we're not looking at those
levels. We're going back. What is the most
recent completed overnight session? It is
this one here. So we get that profile and
we draw it from 9.30am back to 6pm. Now
again, it doesn't matter if you draw this
forwards or backwards as long as you
capture that 6pm to 9.30am range and place
that profile on the chart. Now much like
we did with the other profiles, place your
horizontal raise at the value high, the
point of control and the value low. And
then go ahead and label those. And in
terms of lines on your chart, because it
can start to get a little bit messy, that
is all we have, right? So we have
overnight levels, previous day levels and
weekly levels extended on our chart. And
these are what we'll use to form the basis
of our trades in conjunction with the
developing volume profile, which we'll
cover in the next lesson. But for now, now
that you've placed all these levels on the
chart, you can now switch from that one
minute time frame to whatever time frame
you prefer to trade from. And as long as
you've placed those levels on the chart,
that is all that matters. Okay, so you
will note the profile itself might start
to get a bit funky, but as long as those
levels are placed on the chart, that is
what we are referring to. So now that
that's complete and you have those three
previous profiles on the chart, now let's
go on to placing that fourth profile,
which is the developing volume profile and
how to draw that and how to place that
down. So go ahead and complete this lesson
and move on to the next one.
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