A trader explains why most people waste time analyzing candlesticks across multiple timeframes. Instead, find the breakout area, identify swing points, then use volume profile between two points to spot low-volume nodes for entry signals.
Chapters
90% of the traders try to understand what is happening inside a candle using multi-timeframe analysis. Yeah. I think the real inefficiency is the way traders analyze the market because it's like trying to get the bullseye blind. Like maybe one time it will work, two times it will work, but you don't have exact data about the location. Yeah. So what you can do is that you can use this area that creates the breakout. And let's consider that I make an arrow here and we zoom out what is happening exactly inside here. Okay. So if this is the swing points that break this law, what you can do is that you can use from point A to point B using profile to watch exactly when there are low volume nodes.