17t to DT Flashcards

1
Q

17t

A

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

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2
Q

20GB

A

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

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3
Q

41t

A

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

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4
Q

5t

A

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

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5
Q

9t

A

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

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6
Q

AIL

A

Always In Long

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7
Q

AIS

A

Always In Short

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8
Q

AODD

A

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

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9
Q

AOUD

A

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

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10
Q

B

A

Buy or Long, depending on context

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11
Q

ATH

A

All Time High

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12
Q

BA

A

Buy Above or probably buyers at the high of the bar

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13
Q

BB

A

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

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14
Q

BDBU

A

Big Down, Big Up

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15
Q

BDBUC

A

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

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16
Q

BLSHS

A

Buy Low, Sell High, Scalp

17
Q

BO

A

Breakout

18
Q

BOM

A

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

19
Q

BP

A

Breakout Pullback

20
Q

BRN

A

Big Round Number like 2100, 2200

21
Q

BSB

A

Buy Signal Bar

22
Q

BT

A

Breakout Test or Bought, depending on context

23
Q

BTC

A

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

24
Q

BUBD

A

Big Up, Big Down

25
Q

BUBDC

A

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

26
Q

BVT

A

Buy Vacuum test of resistance

27
Q

BX

A

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

28
Q

C

A

Close

29
Q

CH

A

Channel

30
Q

DB

A

Double Bottom, or two consecutive bars with identical lows

31
Q

DBL

A

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

32
Q

DBR

A

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

33
Q

DT

A

Double Top, or two consecutive bars with identical highs