TIMESTAMPS
00:01 – INTRO
00:35 – UTILITY
Time is the market’s regulator.
Market Profiles are reflected through TPO’s (Time, Price and Opportunities) by half-hour auctions.
As the day progresses, the market will form “day types” through range extension, tails, etc.
The Market Profile’s purpose is to see the “bigger picture” on who is in control of the day’s market.
The structure reveals more and more as the day nears completion.
The first hour of the market open during the NY session is called the “initial balance”.
03:11 – IMPLEMENTATION
A session is from 0930 - 1000 AM (EST).
B session is from 1000 - 1030 AM (EST).
C session is from 1030 - 1100 AM (EST).
NY session ends after the M session.
The High or Low of A session is the initial balance H/L.
The High or Low of B session is the initial balance H/L.
The sessions are split into 30-minute time frames by letters.
The values are A, B, C, D, E, etc.
NY session opens at 0930 AM (EST) and closes at 1600 PM (EST).
Note: Futures contracts can still be traded between 1600 and 1659 PM (EST).
🔎 07:28 A visual aid is given in TradingView to expand on the topic.
36:28 – TIPS & TRICKS
★ It is strongly recommended to analyze live price action in correspondence with the Market Profile so you can add it to your list of confluence for ongoing trading plans.
★ Time, in itself, is NOT a complete method. Profile trading, in its most complete form, combines Volume with Time as a powerful tool.
★ However, traditionally, larger institutions trade with only TPO.
38:42 – FINAL THOUGHTS