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The last profile you'll have on your chart
is the current session profile. Now this
profile is different to the last three
that we've placed on the charts because
this profile is not past data but it's
developing data. So as that volume
transacts in real time, we'll be watching
and analyzing and using that information
to make trading decisions. And this is the
profile we will use to confirm our trade
setups. So the current session profile, we
don't mark out any levels as we have with
the previous three profiles. We're not
placing any horizontal raise on the charts
but what we are doing with this one is
keeping an eye on where volume is
developing. Where are the high volume
nodes developing? And where are the value
areas developing and is it moving and
where is it moving to? And we'll take note
of these things as price action progresses
and use that to make trading decisions. So
as a trader, you're going to fall into
either one of two categories with this
profile. Either you're an overnight
trader, so you're trading the Asian, the
London, the Australian, any of these
sessions, if they fall into that between
6pm and 9.30am time slot, Eastern Time,
then you'll be using an overnight
developing profile. If you are a New York
session trader, then you'll be starting
this profile at 9.30am of your current
session. So these are our short-term
levels and these are what we use to
confirm trade ideas and confirm setups. So
let's go over to the charts and show you
how to actually place this down and to
make sure you know how to draw it
correctly and where to draw it from and
then we can move on to actually looking
for trade setups. So let's go to
TradingView now. So as we mentioned
before, this is a current in-progress
overnight session. It's currently after
10pm Eastern Time and we've got all our
levels on the charts, right? We've got the
previous day, we've got the overnight and
we've got the weekly levels on the charts.
So what we're going to need now is if
we're going to be trading the overnight
session for the overnight traders, if
we're going to be trading the overnight
session, you're going to grab that volume
profile, you're going to start it at 6pm
which is the overnight Globex Open, 6pm
Eastern Time. Start it there, draw it
through to whatever time it is now and
then what you're going to do is double
-click the profile and like we talked
about during the setup portion of this
course is click the extend right. Now what
that will do is in real time that will
develop and we will use this to help
inform our trading decisions. And the
value high, the point of control, the
value low and the high volume nodes will
change and develop as price and volume
develops in real time. So that's how you
would do it for the overnight session if
you're an overnight session trader. Now,
let's take a step backwards here and say
if we remove the previous day profile
levels and the previous day's profile and
just hypothetically say that we were
coming in to trade the New York session
and say it's about 10am in the morning,
right? And we've got those overnight
levels on the chart. If you're going to
trade the New York session, your
developing profile will start at 9.30am.
You'll pull that through to current time
and you'll have that button extend right
checked so that it can develop in real
time as price moves. So that is your
developing profile and all you need to
remember with this is if you're trading
any of the overnight sessions, start it at
6pm. If you're trading the New York
session, start it at 9.30am and have that
profile checked to extend right. So in
terms of profiles on your chart, that's
it. That's all we need. So let's now move
on to actually hunting trade setups using
this information and how to make volume
-based analysis using these tools.
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