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Start with the market
1What is trading? 2What is the forex market? 3Read your first currency quote 4Build a demo-first learning plan
Prices, size and trading costs
5Bid, ask and spread 6Pips, pipettes and lots 7Calculate profit and loss 8Sessions and changing liquidity
Place and manage orders
9Check a broker before opening an account 10Market, limit and stop orders 11Leverage, margin and forced closeout 12Stop-losses, targets and slippage
Protect the practice account
13Risk budget and position size 14R multiples and expectancy 15Drawdown and loss limits 16Measure combined currency exposure
Read a chart
17Candles and timeframes 18Trends, ranges and swing structure 19Support and resistance as zones 20Use several timeframes consistently
Candlestick patterns with context
21Doji and spinning top: small body, unanswered question 22Hammer and shooting star: put the wick in context 23Engulfing: compare bodies, then test the idea 24Harami and stars: two different containment stories
Turn observations into testable setups
25Candlestick patterns in context 26Breakouts and failed breakouts 27Build a trend-pullback hypothesis 28Build a range-trading hypothesis
Use indicators with a purpose
29Moving averages and lag 30Momentum, RSI and MACD 31Volatility, ATR and bands 32Volume, tick volume and profiles
Profile workshop: read what the bars count
33Volume and TPO: two different questions 34Build POC and value area one row at a time 35High and low volume nodes: read the landscape 36Developing profiles: use only what existed then
Order-flow workshop: follow executions carefully
37Footprints: read executed bid and ask volume 38Delta, CVD and absorption: watch the price response 39Imbalances and exhaustion: define the comparison 40One session, one decision at a time
Understand the economic context
41Central banks and expectations 42Inflation, jobs and growth 43Prepare for scheduled news 44Yields, carry and market sentiment
Evaluate advanced ideas critically
45Liquidity and order flow 46Translate SMC ideas into testable rules 47Fibonacci and wave frameworks 48Why a strategy can stop working
Chart patterns in context
49Double tops and bottoms: wait for the middle level 50Head and shoulders: the neckline is the test 51Triangles and wedges: compression is not a direction 52Flags and pennants: pause after an impulse 53Harmonics: use ratios as checkpoints
Wyckoff: read the range
54Wyckoff's three laws, in plain language 55Read price and volume together 56Accumulation phases A to E 57Spring and test: two separate observations 58SOS and LPS: strength, then a test
Wyckoff: test the bearish story
59Distribution: the bearish range story 60Upthrust and UTAD: location changes the meaning 61SOW and LPSY: weakness, then a weak recovery 62Reaccumulation or distribution? Keep two maps 63When the schematic fails: a useful Plan B
Elliott Wave without guesswork
64Elliott Wave: the three standard-impulse rules 65Corrections: ABC is a starting point 66Guidelines: alternation and extensions 67Degrees and alternate counts: keep the map honest 68Wave invalidation and trade risk are different
Read structure before the label
69BOS, CHoCH and MSS: what changed? 70Equal highs: a map of possibilities 71Sweep or breakout? Wait for a response 72Displacement: fast is not automatically meaningful 73Premium and discount: choose the ruler first
Zones, gaps and failed ideas
74FVG: read three candles, not an empty promise 75Order blocks: give the rectangle a rule 76Breaker and mitigation: name the event clearly 77Balanced price range: find the overlap 78Inverse FVG: first admit the original failure
OTE and Silver Bullet step by step
79OTE: the zone depends on your anchors 80Silver Bullet: start with the right clock 81Silver Bullet: an original bullish walkthrough 82Silver Bullet: bearish example, then a no-trade day 83Judas swing: an early move that may mislead
From chart stories to fair tests
84Multi-timeframe bias: a question, not a command 85Entry, stop, target: let size come last 86Invalidation is an idea; a stop is an order 87Replay: test the rule, not your drawing skills 88Your ICT/SMC study rulebook: one page, clear decisions
Auction, volume and execution
89Volume Profile, Market Profile and the value area 90Auction thinking: balance, rejection and acceptance 91Footprint, delta and CVD: know what is counted 92VWAP and Anchored VWAP: an average with a starting point 93ATR and position management: adapt size, not hope
Build a testable process
94Liquidity, correlation and changing regimes 95Breakeven and trailing stops: protection has a price 96Scaling in and out: do the cash-risk maths 97Journal and statistics: a win rate is an estimate 98Capstone: one clear playbook, several useful lenses
Build an evidence-based routine
99Backtest without looking ahead 100Forward test and keep a journal 101Psychology and decision rules 102Capstone: write your trading plan
36 / 102

Developing profiles: use only what existed then

3 min read

A final chart knows the ending. Your decision at ten o’clock did not.

Here is what we will figure out

Compare timestamped snapshots without importing later volume into an earlier decision.

Start with this idea

A developing profile updates as data arrives. A completed profile is fixed for a finished, selected interval.

A developing profile contains the data recorded so far in an unfinished interval. More trades or ticks can widen rows, shift POC and move the value area. Movement of those lines is normal updating, not automatically an indicator fault.

A completed profile covers an interval whose end has passed. You may carry its levels into a later study as historical references. Keep that completed reference visually distinct from today’s growing profile, and name both start and end times.

Look-ahead bias happens when later information slips into an earlier decision. If you review a 10:00 entry using a profile completed at 14:00, you may see a strong level that did not yet exist at 10:00. Freeze a screenshot or replay snapshot at each decision time.

Also freeze how the window was chosen. A fixed session and a hand-selected range answer different questions. Selecting the most flattering start and end after seeing the result can make an idea look stronger than it was. Check feed gaps and historical calculation changes before interpreting a shifting line.

Let’s work through it

  1. Declare the profile window before the replay.
  2. Save the profile exactly at the decision timestamp.
  3. Compare with the completed profile later and note what changed.

Let’s use numbers · hypothetical example

At 10:00, rows 100–104 contain 10, 25, 40, 20 and 5 units: total 100, POC 102. By the chosen 14:00 end, added activity produces 10, 30, 50, 70 and 40: total 200, POC 103. The 14:00 POC was not available as a known completed level at 10:00.

Easy mistakes to watch for

  • Drawing the final POC on an earlier decision chart.
  • Mixing yesterday’s completed lines with today’s live lines.
  • Moving the start of the profile to improve a past result.

Keep in mind

An attractive final chart cannot establish that the same information was visible or tradable earlier.

Your turn

Use the two snapshots to write one sentence about what was known at 10:00 and one about what only became known later.

A quick check before we move on

Which POC belongs in a record of the 10:00 snapshot?

  1. 103, because the finished chart is more complete
  2. 102, because it was the POC then
  3. Whichever later produced a better trade
Check answer

102, because it was the POC then 102 was visible in the early data. Replacing it with the later POC would introduce future information.

Sources and further reading

Content reviewed: 29 October 2026

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Educational material with hypothetical examples. Trading can cause substantial losses. A course, pattern, stop order or past result cannot guarantee a profit or limit every loss. Practise in simulation and check current rules and product terms in your jurisdiction.

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Last updated 2024-04-26 23:16:28