We teach and talk about using the TPO (time price opportunity) Market Profile Graphic in tandem with the Volume Profile. Here’s the reason.
There are 5 defined open types and 7 defined day types. While there are rarely textbook examples of these structures, there are enough characteristics for us to lean on and help stack probabilities of expectation. All of the playbook set-ups we define for intraday trading reference these structures. Be able to identify them and know which one you are in.
We are a trading skill development firm
We exist to provide traders with clear pathways to better decision-making
We help active traders learn to profile markets, make better trading decisions, and take more profits