1 00:00:00,240 --> 00:00:05,020 We will now look at another type of profile, in this case, the one 2 00:00:05,020 --> 00:00:06,020 by sessions. 3 00:00:06,580 --> 00:00:11,140 This is the profile of the day. It is particularly useful for inner -day 4 00:00:11,140 --> 00:00:14,960 trading, as it takes into account the main trading zones of the session. 5 00:00:15,520 --> 00:00:19,860 To add it to the chart, simply click on the Indicators tab in the top menu. 6 00:00:20,240 --> 00:00:24,560 Second, type the name of the indicator in the search engine, which is called 7 00:00:24,560 --> 00:00:29,050 Session Volume Profile, and the indicator which is also owned by the 8 00:00:29,270 --> 00:00:30,128 will appear. 9 00:00:30,130 --> 00:00:32,630 Click on it and it will be added to the chart. 10 00:00:33,530 --> 00:00:35,790 This is the configuration I recommend. 11 00:00:36,330 --> 00:00:43,150 In sessions, we will set all, total volume, value area to 70 and find size 12 00:00:43,150 --> 00:00:44,150 to 200. 13 00:00:44,310 --> 00:00:47,390 The style tab is exactly the same as the other settings. 14 00:00:47,610 --> 00:00:51,970 The width, which is at 50%, refers to the size of the profile. 15 00:00:52,370 --> 00:00:56,890 So a larger number will cause the bars to increase to the right and a smaller 16 00:00:56,890 --> 00:00:58,330 number will show a thinner profile. 17 00:00:59,190 --> 00:01:00,790 This is at the trader's discretion. 18 00:01:01,470 --> 00:01:06,550 I usually use it with a setting of less than 50, but for this course, I will 19 00:01:06,550 --> 00:01:09,710 leave it this way so that the profile can be better visualized. 20 00:01:10,470 --> 00:01:14,250 And this is what the chart will look like with this session profile 21 00:01:14,910 --> 00:01:19,550 As you can see in this example, we have three different sessions, each with its 22 00:01:19,550 --> 00:01:20,550 own profile. 23 00:01:20,570 --> 00:01:24,850 Its range is from the beginning to the end of the session, so it is updated 24 00:01:24,850 --> 00:01:25,850 throughout the day. 25 00:01:26,120 --> 00:01:30,060 Short -term creators will use both the levels of the current session and those 26 00:01:30,060 --> 00:01:32,460 of the previous sessions to create their scenarios. 27 00:01:33,080 --> 00:01:37,300 At this point, it is useful to understand that the completed profiles 28 00:01:37,300 --> 00:01:39,060 relevant than the profiles in progress. 29 00:01:39,460 --> 00:01:43,940 By pure logic, a profile that is still under development is susceptible to 30 00:01:43,940 --> 00:01:48,080 modification in its levels and therefore the importance that we can give to them 31 00:01:48,080 --> 00:01:52,940 decreases. On the other hand, completed profiles represent the final market 32 00:01:52,940 --> 00:01:55,610 consensus. and their levels become more relevant. 33 00:01:56,330 --> 00:02:01,370 My approach to intraday trading using session profiles is to primarily 34 00:02:01,370 --> 00:02:03,550 the levels left from the previous session. 35 00:02:03,970 --> 00:02:08,130 For example, if we are at the beginning of the second day's session, I would 36 00:02:08,130 --> 00:02:11,970 manually mark the key levels of the previous session, since this indicator 37 00:02:11,970 --> 00:02:14,270 not allow to plot such levels to the right. 38 00:02:14,730 --> 00:02:19,170 We will see the principles of trading with value areas in more detail later. 39 00:02:19,580 --> 00:02:23,400 but we can say in advance that if the market re -enters a previous value area 40 00:02:23,400 --> 00:02:28,780 and rejects it strongly at the VPOC, a strong continuation move can be 41 00:02:28,780 --> 00:02:29,759 from there. 42 00:02:29,760 --> 00:02:32,420 This is exactly what happens in this example. 43 00:02:32,620 --> 00:02:37,440 The session opens below the previous session's value area and develops two 44 00:02:37,440 --> 00:02:41,660 into the VPOC area to generate the subsequent bearish move from there. 45 00:02:42,180 --> 00:02:47,170 In terms of complexity, This is a very simple type of intraday trade where we 46 00:02:47,170 --> 00:02:50,210 mainly take into account the trading levels of the previous session. 47 00:02:50,950 --> 00:02:53,330 The next day, we would do the same thing. 48 00:02:53,670 --> 00:02:58,170 Our chart preparation would be to extend to the right the key levels of the 49 00:02:58,170 --> 00:03:02,370 previous session and oppose a scenario based on the principles of trading with 50 00:03:02,370 --> 00:03:03,370 value areas. 51 00:03:03,670 --> 00:03:07,910 On this third day, we see that the price manages to break through the previous 52 00:03:07,910 --> 00:03:10,930 session's value area and position itself above it. 53 00:03:11,320 --> 00:03:15,300 At this point, the most relevant trading level to consider is the value area 54 00:03:15,300 --> 00:03:16,960 high of the second day's profile. 55 00:03:17,680 --> 00:03:23,040 As we can see, this level acts as a support and generates several reactions 56 00:03:23,040 --> 00:03:25,620 the price until it finally generates an upward trend. 57 00:03:26,340 --> 00:03:31,260 The key in this type of scenario is to understand the context, and the short 58 00:03:31,260 --> 00:03:35,620 -term context is always determined by the current price situation in relation 59 00:03:35,620 --> 00:03:37,060 the previous day's value area. 60 00:03:37,820 --> 00:03:43,050 As always, we can complicate the analysis as much as we want. For 61 00:03:43,190 --> 00:03:47,630 perhaps an additional piece of information that would add value to this 62 00:03:47,630 --> 00:03:50,050 trading would be to evaluate a higher context. 63 00:03:50,490 --> 00:03:55,350 That is, to analyze higher time frames to determine if the market is ranging or 64 00:03:55,350 --> 00:03:57,870 trending and only trade in that direction.