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The last profile we refer to in terms of
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previous data is the overnight profile.
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Now the overnight profile captures the
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Globex data, so everything from 6pm
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Eastern Time all the way through to 9.30am
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Eastern Time, which is that New York Open.
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It captures that entire overnight session
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and gives us value levels to refer to
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going into the next days. This is a
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particularly useful profile going into the
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New York session for you New York traders,
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but it can be referred to going into the
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next overnight session as well, which
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we'll get into more later. So the
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overnight profile you can see on the right
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hand side here, we have it drawn from 6pm
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through to 9.30am Eastern Time and every
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single trading day you want to look back
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and refer to what is the most recent
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completed overnight session, draw that
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profile from 6pm to 9.30am Eastern Time
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and label with the value high, point of
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control, value low, but with an O in the
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front so we can differentiate between the
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levels. So overnight value high, point of
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control, and value area low. So these
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extend all the way through until the end
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of the next overnight session. And these
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are our additional medium term levels. So
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let's have a look on the chart now how to
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draw this out. And again, this is the
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final past data profile that we'll use
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before going into placing the developing
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profile on the chart and how to do that.
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So we're here in trading view and we still
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have the levels placed down from the
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previous modules. So now we have that
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weekly profile and those value levels
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placed here in orange. We've got the
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previous day's regular trading hours
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levels placed here in white. Now the final
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profile we use for past data is that
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overnight session profile. So you can see
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now we're currently in the middle of an
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overnight session. It's about 9, almost
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10pm Eastern Time. So that overnight
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session started at 6pm. It's still in
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progress. So we're not looking at those
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levels. We're going back. What is the most
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recent completed overnight session? It is
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this one here. So we get that profile and
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we draw it from 9.30am back to 6pm. Now
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again, it doesn't matter if you draw this
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forwards or backwards as long as you
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capture that 6pm to 9.30am range and place
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that profile on the chart. Now much like
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we did with the other profiles, place your
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horizontal raise at the value high, the
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point of control and the value low. And
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then go ahead and label those. And in
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terms of lines on your chart, because it
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can start to get a little bit messy, that
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is all we have, right? So we have
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overnight levels, previous day levels and
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weekly levels extended on our chart. And
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these are what we'll use to form the basis
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of our trades in conjunction with the
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developing volume profile, which we'll
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cover in the next lesson. But for now, now
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that you've placed all these levels on the
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chart, you can now switch from that one
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minute time frame to whatever time frame
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you prefer to trade from. And as long as
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you've placed those levels on the chart,
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that is all that matters. Okay, so you
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will note the profile itself might start
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to get a bit funky, but as long as those
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levels are placed on the chart, that is
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what we are referring to. So now that
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that's complete and you have those three
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previous profiles on the chart, now let's
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go on to placing that fourth profile,
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which is the developing volume profile and
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how to draw that and how to place that
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down. So go ahead and complete this lesson
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and move on to the next one.
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