ADR: An indicator that tracks the average daily range of a currency.

Book a Profit: Closing all positions and taking a profit (you can also book a loss).

Brinks Trade: A type of trade that uses a timing element as part of the setup.

Candle Spike: An aggressive candle used to shift the trading zone and trigger stops.

Consolidation: Any area where price appears to chop. In reality, market makers are building positions.

Correction: The lowering of price.

Cross Pairs: Currency pairs comprised of majors other than the US dollar.

Dealing Spread: The difference in pips between the bid and the ask (the cost of doing business).

Extended Stop Hunt: Price is extended beyond the normal 25 to 50 pip stop hunt; occurs when traders refuse to commit their funds.

Gap Time: The changeover between sessions in which one market maker transfers instructions to the oncoming dealer.

High/Low Board: The board used by market makers to track the high and low of the day.

High/Low Marker: An indicator that tracks yesterday’s high and low and plots it on today’s chart.

HOD (High of the Day): The highest point on a chart in a 24-hour period.

Holding the Level: When price consolidates in a tight range to accumulate contracts.

I-LOD (Initial Low of the Day): The low of the day set during Asian market hours.

I-HOD (Initial High of the Day): The high of the day set during Asian market hours.

LOD (Low of the Day): The lowest point on a chart in a 24-hour period.

Long Position: The act of buying.

M Top: A type of stop hunt used to trap traders and validate retail orders. (Appears at the HOD.)

Market Maker Spread: The distance between the I-HOD and the I-LOD. (Less than 50 pips is ideal.)

Market Maker Trend: The real trend of the market, different from what retail traders see and perceive.

Market Maker: A group of individuals with significant equity, control over media, and influence in the political arena who manipulate market movements.

Market Sentiment: A feeling or belief that the market will behave a certain way, perpetuated by news and geopolitical events. Often misleading and unrelated to actual market performance.

Net Change: The difference between the opening price and the current market price.

On the Board: Having an open position.

Open Float: The amount of equity tied up to manage your positions (can be negative or positive).

Peak Formation: The highest point on the chart. (Can occur intraday or intraweek.)

Reset (Trend Reset): A pullback by the market maker to book a profit while maintaining the current trend direction to achieve larger goals.

Rise: An increase in price.

Scratch: A trade that doesn’t produce; you take what is given and close it.

Session: The time dealers are active in their respective markets (approximately 6 hours in duration).

Shift Bar/Candle: A candle used trap traders. It shifts price out of the level and into the next, trapping traders at those higher or lower levels.

Short Position: The act of selling.

Stop Hunt: An aggressive move by the market maker to trigger traders' stops.

Straight Away: A trade used by the market maker to create margin calls and damage traders' accounts.

Swap/Premium: Interest charges that accrue for holding an open position past the settlement time (usually 5 PM NYC time, but varies by broker).

TDI (Trader’s Dynamic Index): An indicator developed by Dean Malone, used alongside market maker patterns.

Time Mapping: Matching your broker’s server time to your indicators.

Trading Zone: The area where it is safe to enter a trade (typically within 15 to 20 pips off the HOD or LOD).

Trend: The slow, steady movement of price in one direction until targets are achieved.

V Bottom: A type of stop hunt that does not present a second leg (forms the LOD).

V Top: A type of stop hunt that does not present a second leg (forms the HOD).

W Bottom: A type of stop hunt used to trap traders and validate retail orders (appears at the LOD).

Vector: A rapid change in price in any direction (an anomaly on the chart).