Market Profile initial balance

Can anyone help me with a market profile question. If the initial balance is the first 2 half hour periods of the day that would imply an initial balance from 1.00 am to 2.00 am if I was trading brent crude oil. There is so little trading going on at this time that to me it would not make sense to use this. Does anyone have any suggestions of suitable initial balance time frames for 24 hour markets. The brent crude market volume increases noticably from 7.00 am onwards. From 7.00 am to 8.00 am would make a more sensible opening range. I could set my chart to make the initial balance form 1.00 am to 8.00 am. Is this feasible? Any suggestions or advice very welcome.

To me initial balance makes only sense if there is something to balance.
Looking e.g at euro dollar (CME) session opens 17:00 chicago time mine 00:00, and there is normally very thin volume, i never look at it myself

Good to see a market profile user on the forum!

TR

Yes.

Using the first two official regular exchange session periods generally is the best way to go.

I'm going to use the Market Profile with the forex in particular with EUR/USD.

So the better way to consider the initial balance in this market would be the australian and asian session? so basically since the closing of the american untill the beggininng of the London session?

Thanks for any infos

That wasn't what I was saying, but it could work. I suppose it depends on the sort of trades you want to do. Feel free to experiment.

Ok thanks Rhody, but i would really like to understand what you actually meant with "the first two official regular exchange session periods"

P.S. is that a forum with a lot of people using Market Profile? i'm struggling to find some forum about it where to share opinion. it's such a grat discipline for trading

In an exchanged-traded market like futures (which is where MP was originated) "first two official regular exchange session periods" means the first two half-hour periods after the market opens. That, of course, is based on a day trading type timeframe. If you're looking longer-term it could be something like the first two days in a monthly distribution.

As for whether there's a lot of people here using MP, it doesn't seem like it. The subject does come up from time-to-time, but isn't a frequent talking point.