| angular | refers to the primary diagonal lines on the square. Trade ss (short) under it and trade long above it. Acknowledge price proximity. The further from the lines you trade, the more you expose yourself. |
|---|---|
| consoly | consolidation |
| fleece bar | A strong bar in the current direction which lures traders in, followed by a sharp reversal in the opposite direction |
| FT - follow through bar | considered a continuation "promise" is unchecked BUT remains an obligation. Therefore, we no longer have to go immediately higher (lower) from a ft HH (LL) - we can indeed fail. We must return to later to the ft and honor the obligation aspect. (The bar that takes out H or L of day) |
| hod | high of day |
| inverse trade | If 1/4 fails. (the square is divided into 1/4s) - does it hold or not |
| lod | low of day |
| obligation | Price must go back up there and includes the FT bar. I believe you don't need to know where price is going - just where it cant go. |
| PVAC | The 4 types of days P - pivot, V - closes well , A - closes poorly, C - consolidation |
| quartile | A quarter of previous days range be it 1/4..3/4...1/2...1.25 ext etc |
| ss | short |
| uncheched bar | Price will either go up or down eventually. To do either one it must win new territory. Once the territory is won, price must confirm with HH or LL or its unconfirmed. Now, let's assume it actually confirms with HH in case of up move (and we are talking taking out previous days high), we close above it and next bar goes to HH creating a FT (follow through bar). From that moment, if that low of that ft bar is hit on low side...it is immediately unchecked. This can also apply to quarters and close above and makes HH. Once ground has been won, you first must have follow through then must have follow through (can be many bars later) and have HH or LL of follow through bar. (Some of you will realize this is another way of describing the test trade/2b etc.) |
| vac back | An up bar goes through a down angular or a down bar goes
through an up angular. Open and Close are on opposites sides of the angular for either one. Price should return to where the angular meets the bar. This is a one time event. |
Last updated 06/16/2005