trading

Draw on Liquidity(DOL)?

When price moves quickly toward an area where many stop-loss orders or pending orders are located to "grab" that liquidity.

buyside liquidity(BSL)?

Liquidity resting above recent highs (where buy stops are placed); often targeted before price reverses.

sellside liquidity(SSL)?

Liquidity resting below recent lows (where sell stops are placed); often targeted before price reverses.

equal highs(EQH)?

Two or more highs at nearly the same price level; suggests possible buy-side liquidity above.

equal lows(EQL)?

Two or more lows at nearly the same price level; suggests possible sell-side liquidity below.

large pool of liquidity($$$)?

An area where many stop-loss or pending orders are clustered, attracting price movement toward it.

point of interest(POI)?

A key price area where traders expect a reaction, such as a reversal or breakout (e.g., supply/demand zone).

previous day’s high(PDH)?

The highest price reached during the previous trading day.

previous day’s low(PDL)?

The lowest price reached during the previous trading day.

previous week’s high(PWH)?

The highest price from the prior trading week.

previous week’s low(PWL)?

The lowest price from the prior trading week.

previous month’s high(PMH)?

The highest price reached in the previous calendar month.

previous month’s low(PML)?

The lowest price reached in the previous calendar month.

high of day(HOD)?

The highest price reached during the current trading day.