📌Do you want to trade successfully?
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This subject is for a whole trading training course, because it is very vast. That is why we do not have
one single correct answer - every trader has his own experience.
As I have already mentioned, in general, you need to answer several questions. The main one is
identification of your trading style and, in fact, specific situations which you would prefer to avoid.
For example, if you are the scalper, it is important for you to find the levels or areas, where the price
bounces quite frequently, but for a small distance - this is how the scalpers work.
If you are an intraday trader and try to take impulse trend movements, which last for 1-3 hours, the
most functional, in my opinion, would be the cluster analysis and the Big Trades and Cluster Search
indicators in the 5-minute or 15-minute charts.
And if your task, for example, is to catch up movements, which last from one day to one week, you,
most probably, will use an hourly or 30-minute chart. It is convenient to use the volume profile for such
movements, because it shows the volume accumulation.
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