17t to DT

Question 1

17t

Answer 1

17 Tick Trap. Trader entering with stop order usually needs 18 ticks to make 4 points. Stopping at 17 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal

Question 2

20GB

Answer 2

Twenty Gap Bars, about 20 consecutive bars that have not touched the moving average

Question 3

41t

Answer 3

41 Tick Trap. Trader entering with stop order usually needs 42 ticks to make 10 points. Stopping at 41 ticks traps traders just shy of goal. Many will exit

Question 4

5t

Answer 4

5 Tick Trap. Trader entering with stop order usually needs 6 ticks to make 1 point. Stopping at 5 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal

Question 5

9t

Answer 5

9 Tick Trap. Trader entering with stop order usually needs 10 ticks to make 2 points. Stopping at 9 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal

Question 6

AIL

Answer 6

Always In Long

Question 7

AIS

Answer 7

Always In Short

Question 8

AODD

Answer 8

Almost Outside Down Day is a reversal down from above yesterday’s high and a sell climax to just above yesterday’s low and a reversal up

Question 9

AOUD

Answer 9

Almost Outside Up Day is a reversal up from below yesterday’s low and a buy climax to just below yesterday’s high and a reversal down

Question 10

B

Answer 10

Buy or Long, depending on context

Question 11

ATH

Answer 11

All Time High

Question 12

BA

Answer 12

Buy Above or probably buyers at the high of the bar

Question 13

BB

Answer 13

Buy Below, or probably buyers at the low of the bar and scaling in lower

Question 14

BDBU

Answer 14

Big Down, Big Up

Question 15

BDBUC

Answer 15

Big Down, Big Up, big Confusion so trading range likely

Question 16

BLSHS

Answer 16

Buy Low, Sell High, Scalp

Question 17

BO

Answer 17

Breakout

Question 18

BOM

Answer 18

Breakout Mode means trading range. About 50% chance successful breakout up or down, and then about a measured move based on the height of trading range. 50% chance 1st breakout up or down will reverse

Question 19

BP

Answer 19

Breakout Pullback

Question 20

BRN

Answer 20

Big Round Number like 2100, 2200

Question 21

BSB

Answer 21

Buy Signal Bar

Question 22

BT

Answer 22

Breakout Test or Bought, depending on context

Question 23

BTC

Answer 23

Buy The Close bull trend so traders will buy the close of bull bar closing near its high or buy above bull bar that closes near its high

Question 24

BUBD

Answer 24

Big Up, Big Down

Question 25

BUBDC

Answer 25

Big Up, Big Down, big Confusion so trading range likely

Question 26

BVT

Answer 26

Buy Vacuum test of resistance

Question 27

BX

Answer 27

Buy Climax, one or more big bull bars closing near their highs

Question 28

C

Answer 28

Close

Question 29

CH

Answer 29

Channel

Question 30

DB

Answer 30

Double Bottom, or two consecutive bars with identical lows

Question 31

DBL

Answer 31

Disappointed Bulls, bulls who bought recent strong bull bar are disappointed by bear bar and might sell out of their longs around the close of that bull bar, which could create micro double top and start reversal down

Question 32

DBR

Answer 32

Disappointed Bears, bears who sold recent strong bear bar are disappointed and might buy back their shorts around the close of that bear bar, which could create micro double bottom and start reversal up

Question 33

DT

Answer 33

Double Top, or two consecutive bars with identical highs