Trading ES with Market Profile

[maciek 10]

I would like to use market profile for ES trading (S&P 500 Emini). I am confused about an appropriate set up for it. Since the ES is traded almost 24/7, how should I set up my time periods? Should I use each day for a time period or should I use regular trading hours as individual time periods? Which time frames are most useful?

[addchild 10]

To take advantage of the initial balance concept of market profile you need to us CME equity futures Regular trading hours.

 

That being said depending on your charting application you can use the full 24 hr chart, and segment that into two separate profiles. I use RTH and ETH (ETH-rth)

[khamore1 10]

I would like to use market profile for ES trading (S&P 500 Emini). I am confused about an appropriate set up for it. Since the ES is traded almost 24/7, how should I set up my time periods? Should I use each day for a time period or should I use regular trading hours as individual time periods? Which time frames are most useful?

 

TL has 73,377 members, I'm sure each one of us is ready to help you to get rid of your money

[khamore1 10]

TL has 73,377 members, I'm sure each one of us is ready to help you to get rid of your money

 

Maciek use this road first at least you know where it ends