Lesson 17 of 30
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One time framing/Volume taper

One time framing

Current session does not violate prior session high or low by more than two TPO boxes.

Often characteristic of trend days. Don‘t try to fight against it!

This is not whole strategy, try to implement this into your own one! I use this as another way of how to spot strong trend in intraday trading!

Volume taper

Volume should taper off at highs and lows as participants lose interest in certain prices.

Look for lows or highs to be put in at low volume. Think about poor high and poor low auction theory. If high/low was putted in on low volume (no interest in heavy buying/selling here and thus not pushing price lower/higher, expect that high or low of the day was putted in)