CHoCH — Change of Character

The FIRST structural break against the trend — the earliest reversal warning.

Related terms

Circuit Breaker (Personal)Your hard daily stop — e.g. two losses = done for the day. Kills revenge trading.
CommissionThe fee your broker charges per trade, alongside spread and swap.
CompoundingProfits generating profits. Small consistent gains become exponential over time.
ConfluenceMultiple independent signals (zone + fib + structure) agreeing at ONE price — where pros strike.
ConsolidationSideways compression after a move — the market catching its breath before deciding.
CorrectionA counter-trend move (in Elliott: the 3-wave A-B-C) that resets the trend for continuation.

Terms stick when you use them. The Money Circle academy walks you through them step by step.