Smart Money Concepts (SMC) – SMC focuses on how large institutional traders influence the market. It emphasizes liquidity and market structure.
Common Trading Mistakes – Overtrading, revenge trading, and ignoring risk management are common mistakes. Recognizing them can improve long-term results.
Trading Discipline – Discipline means following your trading plan consistently. Avoid making impulsive
Demo Trading – A demo account lets you practice without using real money. It is useful for learning and testing strategies.
Trading Journal – A trading journal records every trade and its outcome. Reviewing it helps improve future performance.
Stop-Loss Placement – A stop-loss automatically closes a losing trade at a chosen price. It limits your potential loss.
Entry Rules – Entry rules define the exact conditions for opening a trade. They help reduce emotional decisions.
Trading Strategies – A strategy is a defined set of trading rules. It tells you when to enter, exit, and manage trades.
Trading Psychology – Successful trading requires emotional control. Fear and greed are common reasons traders make poor decisions.
Risk Management – Risk management protects your trading account. Never risk more than a small percentage of your capital on one trade
Fundamental Analysis – Fundamental analysis studies economic news and events. Interest rates, inflation, and employment data can move currencies.
Trend Following – Trade only in the direction of the overall trend. Buy in uptrends and sell in downtrends.
Breakout Strategy – Enter when price breaks above resistance or below support. Strong breakouts often occur with high volume.
Pullback Strategy – Wait for price to retrace before entering the trend. This can offer a better entry price.
Support and Resistance Bounce – Buy at support and sell at resistance when price respects those levels.
Moving Average Crossover – Buy when a shorter moving average crosses above a longer one. Sell when it crosses below.
RSI Reversal Strategy – Look for buying opportunities when RSI is oversold and selling opportunities when it is overbought.
Eh Peter, Welldone with your research
From what i could summaries from my research...CHoCH is an early warning that the trend may reverse. It is usually better to wait for additional confirmation rather than trade based on CHoCH alone.
That's why I use the 4 hour time frame to confirm
