Chapter 21 · Part Five
Glossary
Every term in the model, in one place.
About 4 minutes
Term
BOS
- Break of structure. Price breaks a swing point in the direction of the existing trend, confirming continuation.
Term
Displacement
- A strong, impulsive move with big-bodied candles. Institutional intent.
Term
DOL
- Draw on liquidity. The magnet price is heading toward.
Term
EQ
- Equilibrium. The fifty percent level of a range.
Term
ERL
- External range liquidity. Highs and lows outside a range where stops cluster.
Term
Flip candle
- The last opposing candle before a displacement. A valid entry point.
Term
FTSH / FTSL
- Failure to seek highs or lows. Price tried and could not.
Term
FVG
- Fair value gap. A three-candle imbalance that price tends to return to.
Term
IFVG
- Inverse FVG. A gap that has been displaced through and flipped its role.
Term
IRL
- Internal range liquidity. Fair value inside a range.
Term
Kill zone
- The windows the model is most likely to fire in. Primarily 9:00 to 10:30 AM CT.
Term
MSS
- Market structure shift. Price breaks structure against the existing trend.
Term
Neckline
- The structure level that must break to confirm an MSS.
Term
Order block
- The last opposing candle before a displacement, marked as a level. The same candle is called the flip candle when it is used as the entry trigger.
Term
Premium / discount
- Upper and lower halves of a range. Sell zone and buy zone.
Term
Protected high / low
- A swing point defended across multiple tests, usually formed at an HTF level.
Term
R
- One unit of risk. Entry to structural stop, in dollars.
Term
Structural stop
- A stop beyond the swept wick. Width set by the chart.
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