always in If you have to be in the market at all times, either long or short, this is
whatever your current position is (always in long or always in short). If at any
time you are forced to decide between initiating a long or a short trade and are
confident in your choice, then the market is in always-in mode at that moment.
Almost all of these trades require a spike in the direction of the trend before
traders will have confidence.
barbwire A trading range of three or more bars that largely overlap and one or
more is a doji. It is a type of tight trading range with prominent tails and often
relatively large bars.
bar pullback In an upswing, a bar pullback is a bar with a low below the low of
the prior bar. In a downswing, it is a bar with a high above that of the prior bar.
bear reversal A change in trend from up to down (a bear trend).
blown account An account that your losses have reduced below the minimum
margin requirements set by your broker, and you will not be allowed to place a
trade unless you deposit more money.
breakout The high or low of the current bar extends beyond some prior price of
significance such as a swing high or low, the high or low of any prior bar, a trend
line, or a trend channel.
breakout bar (or bar breakout) A bar that creates a breakout. It is usually a
strong trend bar.
breakout mode A setup where a breakout in either direction should have follow-
through.
breakout pullback A small pullback of one to about five bars that occurs within
a few bars after a breakout. Since you see it as a pullback, you are expecting the
breakout to resume and the pullback is a setup for that resumption. If instead you
thought that the breakout would fail, you would not use the term pullback and
instead would see the pullback as a failed breakout. For example, if there was a
five-bar breakout above a bear trend line but you believed that the bear trend
would continue, you would be considering shorting this bear flag and not
looking to buy a pullback immediately after it broke out to the downside.
breakout test A breakout pullback that comes close to the original entry price to
test a breakeven stop. It may overshoot it or undershoot it by a few ticks. It can
whatever your current position is (always in long or always in short). If at any
time you are forced to decide between initiating a long or a short trade and are
confident in your choice, then the market is in always-in mode at that moment.
Almost all of these trades require a spike in the direction of the trend before
traders will have confidence.
barbwire A trading range of three or more bars that largely overlap and one or
more is a doji. It is a type of tight trading range with prominent tails and often
relatively large bars.
bar pullback In an upswing, a bar pullback is a bar with a low below the low of
the prior bar. In a downswing, it is a bar with a high above that of the prior bar.
bear reversal A change in trend from up to down (a bear trend).
blown account An account that your losses have reduced below the minimum
margin requirements set by your broker, and you will not be allowed to place a
trade unless you deposit more money.
breakout The high or low of the current bar extends beyond some prior price of
significance such as a swing high or low, the high or low of any prior bar, a trend
line, or a trend channel.
breakout bar (or bar breakout) A bar that creates a breakout. It is usually a
strong trend bar.
breakout mode A setup where a breakout in either direction should have follow-
through.
breakout pullback A small pullback of one to about five bars that occurs within
a few bars after a breakout. Since you see it as a pullback, you are expecting the
breakout to resume and the pullback is a setup for that resumption. If instead you
thought that the breakout would fail, you would not use the term pullback and
instead would see the pullback as a failed breakout. For example, if there was a
five-bar breakout above a bear trend line but you believed that the bear trend
would continue, you would be considering shorting this bear flag and not
looking to buy a pullback immediately after it broke out to the downside.
breakout test A breakout pullback that comes close to the original entry price to
test a breakeven stop. It may overshoot it or undershoot it by a few ticks. It can
