Market profile on FX: useful or out of place?

[FXS London Scalper]

Market profile groups prices by how long the market traded at each one, showing value areas and points of control. It was designed for exchange-traded futures. On spot FX, without central volume, it relies on time or tick counts.

What it can show:

• Where price spent most time yesterday: the value area.
• Points where price moved quickly, leaving little time: possible thin areas.

Uses:

• Value area high and low as levels for the next day.
• Opening outside yesterday's value area as a sign of possible trend.

Limits:

• Time-based profiles are similar to looking at where candles overlapped; the tool adds a cleaner view, not new information.
• Futures volume profiles, for example on euro futures, may be better for those who want volume.

A test: compare reactions at value area levels with reactions at yesterday's high and low.

The open question for spot traders is whether any of this adds information beyond simpler levels, and a careful comparison is the only way to answer it.

Has anyone found market profile useful on spot FX?