Above/Below Time Point of Control
It shows us the time spent above or below the time POC.
Mentioned in Contenders TPO series part 4 (8:44)
Above/Below Volume Point of Control
It shows us the volume above or below the POC.
Mentioned in Contenders TPO series part 4 (9:30)
Aggressive orders are when a trader executes the order to buy or sell at market. They take place when spreads and depths are relatively low and they remove liquidity.
Mentioned in Footprint module: Delta (12:37)
An asset reaches its highest value ever recorded.
Mentioned in Strategies module: Trading All Time Highs (24:05)
How to find targets for ATH covered in Fibonacci module: Fibonacci Expansion (21.18)
An asset reaches its lowest value ever recorded.
How to find targets for ATL covered in Fibonacci module: Fibonacci Expansion (20.55)
It occurs because of intense selling (SC). It does not take a lot of buying pressure for the price to rally up. It is also fuelled by shorts covering.
Mentioned in Champion Livestream 32 (43:15)
Mentioned in Contenders Live Charting (25:40)
In Wyckoff distribution:
A sell-off which is fueled by late longs getting rekt. Generally, open interest decreases or stays level, the bottom of this sell-off is what gives us the range low.
Covered in Accumulation and Distribution Patterns Part II (13:21)
It says what the average candle size is during the day.
Mentioned in Contenders TPO Series Part 4 (12:14)
Mentioned in Advanced Strategies module: CCTR Strategy (8:27)
It is an advanced method because you are adding to a losing position as you are presented with another setup.
Daniel usually closes trade on break even after a bounce and reviews it. If he sees it is a good trade, he enters again with a fresh mind.
Always put your Stop Loss at invalidation and keep risk management on point.
An indicator that measures volatility. It shows how much price moves on average during a certain time frame. Daniel uses it for stocks.
ATR will be higher when there is more volatility in a market.
Mentioned in Indicators module: Indicators (30.25)
Example on how to use it for a Stop loss in 50SMA Strategy Q&A (37:45)
Backtesting evaluates the viability of a trading strategy by discovering how it would play out using historical data.
Know how to use this data on a Trading Journal in Strategies module: How to record statistics
In Wyckoff Accumulation:
Old highs of AR are being tested, price flips the resistance into support and moves up higher.
Covered in Accumulation and Distribution Patterns Part I (43:44)
A bearish order block is the last “up” close candle, formed at or near a key level of resistance. This order block will only be confirmed when the next candle trades below its low.
Covered in Advanced Strategies: Order Blocks (10:15)
A bear market occurs when the price is continuously declining over a longer period of time. Price is making lower highs and selling pressure is bigger than buying pressure. The sentiment of the market can be negative.
Bollinger Bands are composed of three bands: upper and lower band and a simple moving average in the middle. Bands measure deviation – they tighten together when the market is quiet and widen when the market is volatile. They determine oversold (buying opportunity) and overbought (selling opportunity) levels.
Developed by John Bollinger
Mentioned in Strategies module: CCSS (13.25)
Bitcoin
The first decentralised, digital cryptocurrency that enabled peer to peer payments to anyone and anywhere in the world, through a permission-less system.
A Bullish Order Block is the last “down” close candle, formed at or near a key level of support. This order block will only be confirmed when the next candle trades above its high.
Covered in Advanced Strategies: Order Blocks (9:12)
It is a sign that is falsely showing a decreasing trend in an asset has reversed and is now heading upwards, when in fact it will continue to decline.
In Wyckoff distribution:
Buying volume reaches a climax (retail buying). There may also be some very bullish news accompanying this occurrence.
Covered in Accumulation and Distribution Patterns Part II (10:51)
It is like a Single print but formed at the low of the TPO profile and signifies that a larger trader stepped in quickly to reject the price.
Mentioned in TPO Series module: Single prints (16:40)
The Fibonacci ratios between 0.618 and 0.66
Mentioned in Fibonacci module: Fibonacci Retracement (40:30)
Is valid when the market opens outside the previous day's VAH or VAL and then becomes accepted back into the VAH or VAL. The acceptance back inside the VAH or VAL is classed by two consecutive 30-minute candle closes. In that situation, there is an 80% chance for the price to touch the previous day's VAL or VAH.
Mentioned in Strategies module: CCV Setup (7:58)
Recommended for beginners, the CCW setups consist of Fibonacci levels that are complemented with at least two additional factors of confluence. You can apply such strategies for practicing a more mechanical style of trading as you master your emotions.
Covered in Strategies module: CCW Setup
A “Skill Sharpener” exercise created to help Contenders and Champions learn how to identify high probability trade setups.
You have to identify the setup before the next Live Stream. You can post it in the Discord channel along with your details of why you would take the trade and where would you put your entry, exit and stop loss.
The Chicago Mercantile Exchange (CME) is an organized exchange for the trading of futures and options.
A weekly sentiment report that can provide traders with important information on the positioning of different trading pairs.
When you are already in a trading setup and then another setup presents within the setup. If you take it, it means you compound into your current position. You would take this trade regardless – it is a trade itself.
Mentioned in Entering Trades module: Compounding (24:58)
Price is moving in a sideways range. It is a natural pattern from which it can break up or down through the continuation of a trend is favoured. It typically occurs when price action has an impulsive move
Covered in Entering Trades module: Consolidation
A part of Twitter, where users predominantly talk about cryptocurrency and trading.
It is the running total of the delta and shows the buying and selling pressure.
CVD is adding and removing delta together – transactions occurring on the ask (buy) are added to the total, and those occurring on the bid (sell) are subtracted from the cumulative total.
Covered in Footprint module: CVD (13:35)
A small, temporary recovery in a price of a declining asset. It is the most common retracement in a bear market.
Decentralized exchanges are cryptocurrency exchanges that operate without a central authority. Trades occur directly between users (peer-to-peer) through an automated process.
Delta is a sum of aggressive trades. It shows us who was in control during that candle.
To calculate the delta of a price we subtract the sells from the buys. Delta is either positive or negative, it helps us confirm the breakout instantly.
Covered in Footprints module: Delta (12:35)
Depth of Market measures the liquidity of a particular market. It's also known as the Order Book and it's a visual representation of the price and the limit buy or sell orders available at that price for a given asset such as futures market or cryptocurrencies.
Covered in Advanced Strategies module: Level 2 - Time & Sales
This is a strategy for investors – they place a certain (fixed) dollar amount into an asset on a regular basis (for instance every month)
It's a setup that occurs when the price gets acceptance into a larger row of SPs between two distribution profiles. Double distribution cannot occur on the same day, but it can occur the next day or up to one week after.
A downtrend is a series of lower highs and lower lows.
Covered in Basic module: Market Structure Part I (9:15)
A term used to warn people; not to blindly follow other investors and traders, but to analyze and research an asset themselves.
Daily point of control
See POC.
Daily value area high
See VAH.
Daily value area low
See VAL.
Exactly as predicted
A Chart Champions abbreviation that's used when a trading plan results in a complete win.
The Electronic Trading Hour is the main full session of an asset, according to its specification. The ETH includes the pre and post market data.
A theory based on the fractal nature of markets. It's one of the best tools for predicting future prices and targets inside of any market.
Developed by Ralph Nelson Elliott.
Covered in Elliot Wave module
Equilibrium is the state in which market supply and demand balance each other.
This is the abbreviation for the E-Mini S&P-500 futures market through the Chicago Mercantile Exchange or CME.
An exponential moving average measures trend directions over a period of time. It is a type of moving average that places a greater weight and significance on the most recent data points.
It is a lagging indicator.
Covered in Strategies module: Exponential Moving Average Strategy (18:15)
A failed auction occurs when the price attempts to break above a high or below a low of a defined range but then reverses and is accepted back within the previous range. Failed auctions can be used to identify market weakness or strength and provide very high risk-to-reward trade setups. The strategy benefits from a clear entry and invalidation.
Covered in Advanced Strategies module: Failed Auction
It's the feeling that one may miss some events that other people are involved to; in trading it's related to missing the profit you might make if you don’t buy a coin instantly, regardless of its current price and the feeling of missing out could lead to entering trades without any thought. It leads to a lack of discipline. One should always have a trading plan with a clear point of entry, invalidation and take profit area.
The Footprint Bar Statistics is an Exocharts feature that provides aggregated information about Volume, Delta, CVD, POC, Candle Highs-Lows, Candle build time and Trades count.
Mentioned in Footprint module: Exo Charts (37:14)
A ‘Frontrun’ is when you are looking to trade a level and that level is slightly not hit or missed; we say then the level was ‘Frontrun’.
Covered in Advanced Strategies module: Frontrun
Fear, uncertainty, and doubt
FUD is believed to cause a drop in the price of a ‘targeted’ asset. Very often the bad news is not even grounded in reality.
It is a method used by investors and traders to assess the intrinsic value of an asset by examining its most qualitative and quantitative factors.
The Fibonacci ratios between .618 and .65
See Champions Channel, CC
A type of order (buy or sell) that remains active until either being filled or being cancelled by the trader/investor.
It is a top reversal pattern that indicate the reversal of a current trend and consists of three peaks – the outside two are about the same in height and the middle one is the highest.
Covered in Patterns module: Head and Shoulders Pattern (17:25)
Price forms a high that is higher than the previous one.
Mentioned in Basic module: Market Structure
It's the time interval that a chart can be viewed and typically means a 4 hour + time frame
Areas of the volume profile where a large amount of volume has traded.
Covered in Volume module: Volume part 3 - VPVR (20:43)
Mentioned in Rivalry AMA 23 (50:40)
A play on the word ‘hold’.
Hold On for Dear Life: Some people believe in certain assets so much that they buy/accumulate a position and have no intention of selling it any time soon.
They are used by really good traders to fill their very big positions. It will only show part of the order visible – the order is bigger than it looks like (it keeps on getting refilled). You want to get the order filled with nobody knowing.
Mentioned in Contenders Order Book (8:41)
Inverse head and shoulders
It is a bottoming pattern after a big sell-off that consists of three peaks – the outside two are about the same in height and the middle one is the highest.
Covered in Contenders Head and shoulders patterns stream on 10. 7. 19 (31.10)
It's the high of the initial balance
See Initial Balance, IB
The initial balance is the first 1 hour of the trading day.
Mentioned in Strategies module: Daily Opens (18:26)
It's the low of the Initial Balance
See Initial Balance, IB
In-the-money option
A call (put) option whose exercise price is below (above) the current price of the underlying asset.
You place multiple buy or sell orders when wanting to enter a trade setup and get an average entry price.
Covered in Compounding, averaging down and laddering stream (39:05)
The last point where there was a major R/S flip
Covered in Accumulation and Distribution Patterns II (29:23)
Ledges are the same as poor highs and poor lows but formed inside of the TPO chart. Two or more TPO blocks at the same price create a ledge.
Covered in TPO Series module: Ledges & DD Setup (8:05)
Liquidity refers to the ease with which an asset can be converted into ready cash without affecting its market price. Liquidity is extremely important without it you lose money.
Mentioned in Entering trades module: Swing Failure Pattern and Liquidity (4:20)
It's the London Session Open which is at the 7:00 AM UTC time or 8:00 AM their local time.
It refers to a small period such as 1 minute up to 1 hour timeframe
An area where a small amount of volume has traded.
Covered in Volume module: Volume part 3 - VPVR (20:43)
Mentioned in Rivalry AMA 23 (50:40)
An area where a small amount of volume has traded.
Covered in Volume module: Volume part 3 - VPVR (20:43)
Mentioned in Rivalry AMA 23 (50:40)
An individual, financial institution, or exchange that quotes both a buy and a sell price of an asset to provide a measure of liquidity.
Market Profile is a charting technique that displays price, volume and time information on a single chart. Also known as Time, Price, Opportunity or TPO.
Covered in TPO Part I: Introduction
Mentioned in Rivalry's Profile Trading Part I (2:17)
Market structure is the support and resistance level on the charts, swing highs, and swing lows. These are levels which are easily identified. It is a trend-following tool that traders read and follow based on how the asset moves. It can be bullish or bearish.
Covered in Basic module: Market Structure
MACD is a trend-following momentum indicator that shows the relationship between two moving averages of price. It is calculated by subtracting the 26 EMA from the 12 EMA. It is designed to reveal changes in momentum, strength, direction and duration of a trend in an asset’s price.
Moving average is a lagging indicator because it is based on (calculations from) past prices. It can help identify trend direction and can act as a support or resistance and it's a very popular indicator used by many traders.
Monthly point of control
See POC.
Monthly value area high
See VAH.
Monthly value area low
See VAL.
This is where a POC from the previous session (24 hour periods for Crypto) has not been tapped. It generally gives a bounce when approached for the first time, but as always look for confluence.
Covered in Volume module: Volume Part 5: Session Volume + Naked POCs (35:41)
New York vwap is the vwap line from the New York Session and can be used the same way as the standard vWap. It can be effective when trading the ES as the New York session is where most of the volume is transacted.
This is the abbreviation for the E-mini Nasdaq-100 futures market through the Chicago Mercantile Exchange or CME.
OBV is the cumulative total of positive and negative volume. It is a leading indicator – volume leads price. OBV can be used for identifying divergences at the tops and bottoms.
Covered in Volume module: Volume Part 2 - OBV (34:25)
One time framing is when price is moving up or down without breaking a high or low in the opposite direction, indicating a strong trend. It can help to provide an indication of which side is in control.
Mentioned in Rivalry AMA 47 (57:57)
Open Interest represents the total number of contracts open within the markets. It's a statistical measure of market activity, it measures the flow of money into the futures, options and cryptocurrency derivatives market.
Covered in Indicators module: Open Interest + Funding (18:10)
Order block is a different way to look at supply and demand. It is the initial opposite move before the trend resumes making new highs or lows.
Covered in Advanced Strategies: Order Blocks
Order flow is a form of data of the contracts sold and bought at a certain price that moves prices up and down.
Covered in Footprints module
Mentioned in Advanced Strategies: Severin Scalping Strategy (I, II, III)
A call (put) option whose exercise price is above (below) the current price of the underlying asset. OTM is the most aggressive options trading method with an extremely high profit and risk potential.
This is the high that is created overnight and before the New York session. It is used as a day-time frame reference point.
This is the low that is created overnight and before the New York session. It is used as a day-time frame reference point.
Passive orders add liquidity to markets. They are limit, bid(buy), and ask(sell) orders which usually are not immediately executed.
Mentioned in Footprint module: Delta (12:37)
Previous day Equilibrium
0.5 fib retracement from the previous day’s swing high to swing low.
Previous day point of control
See POC.
Previous day value area high
See VAH.
Previous day value area low
See VAL.
Periodic Volume Profile (PVP) indicator calculates a sequence of volume profiles indicating the distribution of volume across various price levels within specific periods.
Previous month point of control
See POC.
Previous month value area high
See VAH.
Previous month value area low
See VAL.
The price at which the largest trading volume has been made over a period of time. It is a big horizontal S/R line.
Covered in Volume module: Volume Part 3 - VPVR (22:36)
A poor high is a market profile with no selling tail (ST). If there is no Selling-Tail one expects the high to be taken out, to either move up higher or for a SFP (Swing Failure Pattern) to create a selling tail.
Covered in TPO Series module: TPO Part 5 - Single Prints (17:30)
A poor low is a market profile with no Buying Tail (BT). If there is no Buying-Tail one expects the low to be taken out, to either move lower or for a SFP (Swing Failure Pattern) to create a buying tail.
Covered in TPO Series module: TPO Part 5 - Single Prints (17:30)
A trading style that focuses on investments. Typically use the Weekly+ timeframe and years to the future. They know in advance the best time to buy and sell the investment by using a good strategy before the entry.
Covered in Basic module: Types of Traders Part 1
The power hour is the last hour of the New York Session. This session brings good volatility to the market, creating opportunities for scalp traders.
After an extended uptrend, this is where 'smart money' begins to take profits on their longs and building short positions.
Covered in Accumulation and Distribution Patterns Part II (9:22)
After a big sell-off, substantial buying begins to provide support. Preliminary support starts accumulation – it is the first bounce of the accumulation range.
Covered in Accumulation and Distribution Patterns Part I (22:10)
Price action is a trading technique that consists of analysing basic price movement across a time frame. PA traders read the market and make subjective trading decisions based on the recent and actual price movements.
See Market Structure.
Covered in Basic module: Market Structure
Previous week point of control
See POC.
Previous week value area high
See VAH.
Previous week value area low
See VAL.
The Regular Trading Hour is a reduced session that displays data between 9:30 to 16:30 (UTC-4). The RTH is basically the New York Session.
It is a lagging indicator used to measure the strength or weakness of an asset. RSI is based on the closing prices of a recent trading period.
Mentioned in Indicators module: Indicators (59:48)
Each 30-minute column is given a score of +1 or -1, and the rotation factor is the overall number which shows us which way the market attempted to push.
Risk:Reward
The risk to reward ratio shows how much profit a trader can potentially make if the trade turns into a winner, and how much a trader can lose if the trade turns into a loss. The R:R ratio should be at least 2:1, preferably 3:1.
The smallest sub-unit of Bitcoin. 1 Satoshi = 1/100,000,000 of a Bitcoin
A trading style that specialises in profiting off small price changes in a short period of time. It requires discipline, focus and good knowledge of technical analysis.
Covered in Basic module: Types of Traders
In Wyckoff distribution:
Price revisits the area of BC, tests supply and support flips into resistance. After this flip price makes a new low.
Covered in Accumulation and Distribution Patterns Part II (14:51)
In Wyckoff accumulation:
Price revisits the area of SC, tests demand and resistance flips into support. After this flip price makes a new high.
To rekt as much retail as possible price is pushed down again for another ST, price SFP the lows and bounces back up.
Covered in Accumulation and Distribution Patterns Part I (32:10)
The mission of the SEC is to protect investors, maintain fair, orderly, efficient markets, and facilitate capital formation.
Heavy selling (especially by retail) occurs that is suddenly absorbed by professional interest. It does not require a lot of volume to push the price back up (AR).
Selling climax does not always have to occur on high sell volume though but it is better if it does.
Covered in Accumulation and Distribution Patterns Part I (26:05)
The official daily closing price of futures and options on futures contracts, as determined by the Chicago Mercantile Exchange (CME).
Covered in Live Trading Session (57:02)
Price moves up with an increase in volume showing strength (Wyckoff).
A Sign of Strength can be a change in Market Structure or S/R Levels being flipped (Market Structure).
Covered in Accumulation and Distribution Patterns Part I (42:38) (Wyckoff)
Covered in Basic module: Market Structure
Selling off on the very high volume towards support. Price weakness is obvious here and after reaching SOW price will go up for the final rally that sets up the conclusion of distribution. (Wyckoff)
Covered in Accumulation and Distribution Patterns Part II (16:39)
It is the average price over the specified period with equal weighting given to the price of each period.
Mentioned in Strategies module: 50 SMA Strategy
They are like a wick on a candlestick but in the middle of the price action
Covered in TPO Series module: TPO Part 5 Single Print (8:15)
When something drops quickly and there is low liquidity. For instance, have SL set at 5% but you get filled at 25%.
Covered in Volume Module: Volume Part I (26:10)
You do your TA and know the level you’d like to buy. When the price comes to that level you check the order book to see if people are buying here, are people stacking their bids and if the asks are simultaneously getting removed. It is a very fast occurrence so you have to know what you are looking for and react very quickly.
Covered in Order Book Live Stream (18:32)
A fake order – somebody places an order but has no intention to get it filled. When the price comes to the order it disappears – you are fooling newer traders.
Covered in Order Book Live stream (6:08)
It is a difference between a buy and sell (for instance buy bid is 25$, sell ask is 26$ – spread is 1$). You do not want to trade something with a big spread because it means liquidity is low = you will lose money
Mentioned in Volume module: Volume Part I (23:18)
A strategy that attempts to force some traders out of their positions by pushing the price of an asset to a level where many would have chosen to set their stop-loss orders.
A stop-loss order is placed to buy or sell an asset when the asset reaches a certain price to close a losing position. It is a must in trading. No one only wins all trades, losses are a very natural part of trading. There should be a clear invalidation and SL should ALWAYS be placed.
Hard stop loss – it is placed in an order book (mandatory for beginners and intermediate traders)
Soft stop loss – it is only mental stop loss (requires discipline, only for professionals)
Covered in Entering Trades: Moving Stop Loss
A price area where the price finds enough demand to bounce or reverse = support.
A price area where is a lot of supply and price finds it difficult to break through = resistance.
The more times they are tested the weaker they become.
Covered in Basic module: Support and Resistance
Price takes out the high and closes back below the high OR price takes out the low and closes back above the low = SFP (it can be bullish or bearish)
Covered in Entering Trades module: Swing Failure Patter and Liquidity
A style of trading where swing traders hold their position for longer than a day or even weeks. Swing trader's goal is to identify an overall trend and capture larger gains within it.
Take profit is an order that you place to (partially) close your position once it reaches a certain level of profit. One can have multiple TP points.
Covered in Entering trades module: How much percentage profit to take
Analysis that is based solely on analysing the chart with technical tools and indicators.
Time frame
A tick represents the smallest possible price movement of a futures contract. Each futures contract has its own tick size, which is determined by the exchange where it is traded.
Mentioned in ES Series module: ATAS & ES Know-How (5:20)
Represent the dollar value for each tick and will vary per product. The tick value of the CME E-Mini S&P500 is $12.50 and the Micro E-mini S&P500 is $1.25.
TPO represents a unit of time during which a specific price is traded in the market, used in market profile analysis to understand market behavior
Covered in TPO Series module : TPO Part I Introduction
Trading range occurs when an asset consistently trades between a certain high and low price for a good amount of time. The top of the range is resistance and the bottom of the range is support.
Mentioned in Basic module: Market Structure Part I (13:01)
TradingView is a social platform for traders and investors. It is a very popular site for charting. There are free and paid programs, depending on one’s trading level and desires.
Covered in Beginners module: TradingView Introduction
The general direction of a market or asset’s price, essentially, momentum.
Mentioned in Basic module: How to Spot a Trend
Time value area high
See TPO and VAH.
Time value area low
See TPO and VAL.
In Wyckoff distribution:
Price goes above resistance and previous peaks in the distribution trading range. Price rises with conviction and can stay above resistance for some days or even weeks. When the price breaks down it heads back to the support area. After UTAD price becomes weak and breaks through support and into a confirmed downtrend.
UTAD occurs only occasionally.
Covered in Accumulation and Distribution Patterns Part II (21:37)
In Wyckoff distribution:
A rally from the range low to the range high. Ending in a SFP or Failed Auction of the range high above the BC.
Covered in Accumulation and Distribution Patterns Part II (19:00)
An uptrend is a series of higher highs and higher lows.
Covered in Basic module: Market Structure Part I (3:32)
The value area high is the highest price in the value area that is marked on the chart. It acts as a resistance when the price ranges within the range.
Covered in Volume module: Volume Part 3 – VPVR (20:30)
The value area low is the lowest price in the value area that is marked on the chart. It acts as a support when the price ranges within the range.
Covered in Volume module: Volume Part 3 – VPVR (20:30)
VWAP incorporates price and volume, it is an S/R line. When the price is above VWAP it is ‘above value’ and when it is below VWAP is ‘below value’.
Covered in Indicators module: VWAP (8:01)
Weekly point of control
See POC.
Weekly value area high
See VAH.
Weekly value area low
See VAL.
Bitcoin ticker for some exchanges