Glossary of Terms



This Glossary provides a definition of terms commonly used:

PBT: Pending Balance Target, projected level that gets the completion of a symmetrical balanced 'D' shaped bell curve.

BTV: Back to Value, stats say that 70% of the time, balanced markets tend to revert back to their value (Point of Control).

10H: Ten Handle Rule, SP500 often move in 10 points sequences, so that levels should be considered as 'exhaustion' levels.

1TF: One Tick Failure, SP500 tests ONH/ONL or HOD/LOD by 1 tick before finding the opposite force pushing on the other way.

SOC: Scene of Crime, zone where a news-based impulse move was initiated and is therefore susceptible to be visited again.

VAR: Value Area Rule, moving above/below Value and entering with high volume, then it has great chance to fill whole area.

GRH: Globex Record High, market prints a new record high at ETH, there's 75% chance that high can be revisited during RTH.

LVN: Low Volume Node, level where there's a low amount of volume in the profile with higher chance to be a rejected area.

HVN: High Volume Node, level where there's a high amount of volume in the profile with higher chance to be an accepted area.

HVE: High Volume Edge, last upper/lower level of a higher volume range with great chance to work as support/resistance area.

LIS: Line in the Sand, key level that shows who could be in control above/below that level, it works as a bull/bear line.

MID: Midpoint, key level to watch due markets tend to surface on a 50% pullback or 50% rally of the initial auction range.

SOH: Sit On Hands, warning used when the market is choppy or erratic and trades on either side have low odds of success.

OTF: Other Time Frame, refers to any time frame greater than intraday; usually daily, weekly or monthly charts/players.

ONH: Overnight High
ONL: Overnight Low
VAH: Value Area High
POC: Point of Control
VAL: Value Area Low
HOD: High of the Day
LOD: Low of the Day
EOD: End of the Day
HOY: High of Yesterday
LOY: Low of Yesterday
ATH: All Time High
RIP: Reaction in Price
BSP: Buy Sell Pressure
GBT: Globex Balance Target
RTH: Regular Trading Hours
ETH: Electronic Trading Hours
YVAH: Yesterday Value Area High
YVAL: Yesterday Value Area Low
YPOC: Yesterday Point of Control
VPOC: Virgin Point of Control