OBV
Technical analysisAlso called: On-Balance Volume
On-Balance Volume — a running total that adds the session's volume on up days and subtracts it on down days.
In plain terms
Rising while price goes sideways suggests quiet accumulation, which is the signature institutions leave when they cannot buy in one order.
Read the full lesson →Liquidity sweep
Technical analysisA move through an obvious level that triggers resting orders and then reverses.
In plain terms
Break on volume, no close beyond, quick reclaim. A genuine breakdown holds; consuming a pool of stops does not.
Read the full lesson →Stop clustering
Technical analysisThe tendency for stop-loss orders to accumulate at the same obvious levels.
In plain terms
Below swing lows, at round numbers, under moving averages — every book recommends the same place, so everyone uses it.
Read the full lesson →Dry powder
Risk & psychologyCash or liquid funds held back specifically to be deployed into a decline.
In plain terms
Only genuine when the deployment levels are written down beforehand. Vague intent to buy the fall reliably turns into buying after the recovery is obvious.
Read the full lesson →False breakout
Technical analysisA move beyond a level that fails and reverses back inside it.
In plain terms
Stops cluster just past obvious levels, which makes them a tempting pool of liquidity.
Read the full lesson →Reversal
Technical analysisA change in the prevailing direction of price.
In plain terms
Judge it on closing prices, not on wicks. Intraday probes through obvious levels are routine.
Read the full lesson →Second-order thinking
Risk & psychologyWorking past the immediate consequence of an event to what follows once everyone else has reacted.
In plain terms
The obvious consequence is priced before you finish the sentence. Whatever return exists lives one step further on.
Read the full lesson →Statement of changes in equity
AccountingAlso called: SOCIE
A primary financial statement required under Schedule III Division II, showing every component of equity moving from opening to closing balance.
In plain terms
The fourth statement, which almost nobody opens, and the only place the year is laid out reserve by reserve. A translation reserve that has been accumulating for years becomes obvious here and nowhere else.
Read the full lesson →