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The last profile you'll have on your chart
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is the current session profile. Now this
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profile is different to the last three
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that we've placed on the charts because
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this profile is not past data but it's
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developing data. So as that volume
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transacts in real time, we'll be watching
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and analyzing and using that information
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to make trading decisions. And this is the
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profile we will use to confirm our trade
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setups. So the current session profile, we
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don't mark out any levels as we have with
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the previous three profiles. We're not
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placing any horizontal raise on the charts
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but what we are doing with this one is
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keeping an eye on where volume is
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developing. Where are the high volume
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nodes developing? And where are the value
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areas developing and is it moving and
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where is it moving to? And we'll take note
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of these things as price action progresses
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and use that to make trading decisions. So
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as a trader, you're going to fall into
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either one of two categories with this
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profile. Either you're an overnight
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trader, so you're trading the Asian, the
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London, the Australian, any of these
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sessions, if they fall into that between
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6pm and 9.30am time slot, Eastern Time,
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then you'll be using an overnight
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developing profile. If you are a New York
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session trader, then you'll be starting
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this profile at 9.30am of your current
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session. So these are our short-term
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levels and these are what we use to
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confirm trade ideas and confirm setups. So
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let's go over to the charts and show you
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how to actually place this down and to
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make sure you know how to draw it
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correctly and where to draw it from and
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then we can move on to actually looking
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for trade setups. So let's go to
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TradingView now. So as we mentioned
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before, this is a current in-progress
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overnight session. It's currently after
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10pm Eastern Time and we've got all our
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levels on the charts, right? We've got the
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previous day, we've got the overnight and
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we've got the weekly levels on the charts.
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So what we're going to need now is if
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we're going to be trading the overnight
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session for the overnight traders, if
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we're going to be trading the overnight
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session, you're going to grab that volume
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profile, you're going to start it at 6pm
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which is the overnight Globex Open, 6pm
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Eastern Time. Start it there, draw it
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through to whatever time it is now and
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then what you're going to do is double
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-click the profile and like we talked
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about during the setup portion of this
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course is click the extend right. Now what
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that will do is in real time that will
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develop and we will use this to help
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inform our trading decisions. And the
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value high, the point of control, the
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value low and the high volume nodes will
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change and develop as price and volume
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develops in real time. So that's how you
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would do it for the overnight session if
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you're an overnight session trader. Now,
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let's take a step backwards here and say
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if we remove the previous day profile
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levels and the previous day's profile and
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just hypothetically say that we were
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coming in to trade the New York session
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and say it's about 10am in the morning,
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right? And we've got those overnight
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levels on the chart. If you're going to
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trade the New York session, your
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developing profile will start at 9.30am.
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You'll pull that through to current time
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and you'll have that button extend right
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checked so that it can develop in real
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time as price moves. So that is your
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developing profile and all you need to
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remember with this is if you're trading
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any of the overnight sessions, start it at
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6pm. If you're trading the New York
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session, start it at 9.30am and have that
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profile checked to extend right. So in
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terms of profiles on your chart, that's
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it. That's all we need. So let's now move
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on to actually hunting trade setups using
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this information and how to make volume
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-based analysis using these tools.
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