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| The trend-range axis appears through all time frames. For the intraday trader, it provides the visual data needed to execute original scalping, swing and momentum-based positions. Short-term cycles often carry across several days of trading, so your pre-market preparation should include multi-day views of intraday bar charts. Positive feedback tends to occur during the volatile 1st and last hours, while negative feedback can persist throughout the middle of the market day. Intraday strategy remains the same as longer-term tactics: locate congestion boundaries and be prepared to trade breakouts through them or fades against them. Intraday ranges must be wide enough to support swing trades. Look for extremes at least 2 to 3 points apart to make the effort worthwhile. |
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