Glossary Of Terms

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

Book a profit: closing all positions and taking a profit (you can 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 the
stops.
Consolidation: any area where price appears to chop. In reality, market makers are
building positions.
Correction: the lowering of price.
Cross pairs: 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 the market makers to track the high and low
of the day.
High/Low marker: an indicator that tracks yesterdays 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: price will consolidate in a tight range; used to accumulate
contracts.
I-LOD: initial low of the day; the low of the day that is set during Asian market
hours.
I-HOD: initial high of the day; the high of the day that is set during the 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 the 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 than that of what
retail traders see and
perceive.

Market maker: the group of people that have power and influence over the
market, they have a huge equity base, control over the media, and influence in the
political arena.
Market Sentiment: a feeling or belief that the market will behave a certain way,
perpetuated by news and Geo political events, is not based on truth, and has no
bearing on how the market will actually perform.
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 and intraweek).
Reset: (Trend Reset) the market maker will make a pullback to book a profit, but
needs to continue with the current trend direction to achieve the larger goal.
Rise: the increase in price.
Scratch: A trade that doesnt produce so you take what is given and close it.
Session: the time the dealers are active in their respective market. (Approximately
6 hours in duration).
Shift bar/candle: the candle used to trap the traders at the higher and lower
levels.
Short position: the act of selling.
Stop hunt: an aggressive move by the market maker to trigger the stops of all
traders.
Straight away: a trade use by the market maker to create margin call and damage
the traders account.
Swap/premium: interest charges that accrue for holding an open position past the
settlement time.(Usually 5pm NYC, but varies by dealer/broker).
TDI: (Traders Dynamic Index) an indicator developed by Dean Malone, used in
conjunction with the market maker pattern.
Time mapping: the action of matching your brokers server time to our indicators.
Trading zone: the area where it is safe to enter a trade. (Needs to be within 15 to
20 pips off of the HOD and LOD).

Trend: the slow, steady movement of price in a unidirectional swing until the
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).
2007, Steve Mauro, Beat the Market Maker, Inc.

W bottom: a type of stop hunt used to trap the traders and validate retail orders.
(Appears at the LOD).

Vector: a rapid change in price, in any direction. (An anomaly on the chart).