Trading the Currencies

[ant 10]

Are there people trading the CME currencies (Euro or Yen) using Market Profile? If so, what time period do you use to generate the Market Profile using TPOs? I use 7:20am to 3:30pm EST because of the light trading during the overnight sessions. I'll use 24 hours to generate a volume profile though. Also, I would be interested to hear about people's success trading the currencies using Market Profile. Thanks.

[Soultrader 12]

I would be very interested in knowing about this as well. I do not trade currencies but since I am a part market profile trader this will be something I would like to learn.

[Fxtrader06 10]

I am not too sure about Forex but I know a few traders who use Market Profile in trading currency futures. Perhaps you can look into currency futures instead?

[Soultrader 12]

I am not too sure about Forex but I know a few traders who use Market Profile in trading currency futures. Perhaps you can look into currency futures instead?

 

Do you think market profile works better for commodities?

[TimRacette 11]

I'd try 3:00AM EST to 11:30 EST for the EUro 6E because that would coincide with the European cash session.

[nickm001 10]

For short term ( 0 < day < 10days). I use globex (24Hr) 10 min bars and plot volume profile.

For longer term I use 240min bars, also volume profile.

 

I have not experimented with "day session" in currencies, but if I were to do so, I would segment the 24Hr session into high volume ( day) and low volume. In general. high volume starts sometimes in Euro session and completes during US day session.

[electroniclocal 10]

I break the 24 hour day into 480 minute Profiles roughly aligning with the 3 time zones of Europe, Asia and U.S. I then do splits and merges between them as appropriate.

 

EL