17t to DT Flashcards
17t
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
20GB
Twenty Gap Bars, about 20 consecutive bars that have not touched the moving average
41t
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
5t
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
9t
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
AIL
Always In Long
AIS
Always In Short
AODD
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
AOUD
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
B
Buy or Long, depending on context
ATH
All Time High
BA
Buy Above or probably buyers at the high of the bar
BB
Buy Below, or probably buyers at the low of the bar and scaling in lower
BDBU
Big Down, Big Up
BDBUC
Big Down, Big Up, big Confusion so trading range likely