Break Of Structure is a pullback continuation pattern where price continues to follow the main trend, whereas Change Of Character signifies a major reversal of the trend.
A good mentor can be very valuable, but only if their trade style fits your own personality, and they have provable success. Otherwise they can do more harm than good, costing you time and money - possibly setting your development back years.
It is a 3 period SMA plus 5 period LWMA, place it on a daily chart and take into account support and resistance, and it can help you trade on smaller time - frames in the right direction.
Click the book on this website for basic description of basically 5 bar fractal entries:
https://www.currencyeconomy.today/2020/02/the-forex-strategy-of-2019-counter.html
Are you concerned about the security of Eurotrader as they say they are fully licenced by the Marshall Islands Government - but with a population of only 58,000 some may consider it to be a risky proposition?
The Peak Of Volume at Price indicator combined with VWAP plots in real time during the day as a simple line. As you can see it's easier and natural that it changes a lot in the first hours of the market where volumes are low and it gets stable as the session proceeed.
Thank you an excellent strategy- when price re-visits such levels it can be a profitable method. While Market Profile indicates how long price traded at each level, Volume Profile shows how much volume was traded there. Since it's volume – and not time that moves markets,
You are correct that choosing the right time frame for your trading strategy is essential however it is not as simple as gaining the maximum amount of information as your trading personality is equally as important. The match of the higher time frame plus a `trigger entry` on a lowe5r time frame...
Demo accounts are not the same as live ones as the Broker can widen spreads and adjust the speed of the feed -plus increase the impact of news trades - so don`t expect the same results.
It is theoretically possible - but overbought/sold is a flawed concept in Forex but works with stocks - so better to use it with price action for more stable results.
You are correct - it provides good study material and a wealth of updated signals. I have never been able to gain a trading edge from it over some years - so interested to hear if others have profited?
The most popular pair is EURUSD during the London and New York cross over period due to it`s reasonable volatility, tight spreads and heavy volume. Test it out first and compare others against it. Also pay attention to volatile pairs like AUDGBP and GBPJPY if you seek a bit more excitement.
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