If you follow my Twitter feed you likely came across many of the stock market related acronyms I use mostly due to the limitation to Twitter tweet lengths. Please refer to the list of acronyms below to better understand and follow my tweets.
On Twitter I add a hashtag in front of the acronym in order to allow for an easy search via twitters built-in search function.
How to use Twitter’s powerful search function:
First you put in the acronym with or without a hashtag followed by from:thweissxfx into the search field. Example: #FFF from:thweissxfx
Then you sort the outcome via “Latest”.
If you are interested in a specific time-period simply go to Advanced Search.
Thweis List of Acronyms
- FFF: Fade to Fake to Flat IPO chart pattern. This is not just a general pattern, it is also a trading setup where the flat phase triggers the entry. During the flat phase you want the daily closes to be confined to a PLL zone but don’t be too strict. Oftentimes there is a QTS on top.
- PLL: Peak Liquidity Level. This is a term I coined to better describe a high volume level in the volume-by-price indicator.
- LLL: Low Liquidity Level or volume void: This is the opposite of the Peak Liquidity Level explained above. Between high volume levels there is usually a price range where little trading took place. A stock needs net buying/selling in order to make it through that LLL. Such a move is therefore much more significant compared to price fluctuations inside a PLL zone.
- QTS: Quiet and tight setup. A pullback into a PLL or short term moving average on low volume and with a tight daily trading range compared to the typcial average true range of the respective stock.
- URS: Undercut and rally stock setup. A typical Wyckoff price and volume pattern where price undercuts a meaningful prior low in the chart and then rallies just to close back above that low line. Can be a one or two-day affair.
- IPO: Stocks which came public in the recent past.
- Clothesline: An upper trendline on a logarithmic chart connecting the highs. Typically price bounces off the trendline giving it the apparance of multiple pegs on a clothesline. Can be used as a price target or to time climax moves and short setups. The longer the duration the better.
- Test: Low volume retests. Price testing a prior low (high) w/o an undercut on muted volume and a general lack of selling (buying) interest. This gives big operators the confirmation that sellers (buyers) are absorbed and that they can now finally start their accumulation (distribution) campaign. Follow them!
- MGS: Momentum Gap setup. A breakway or runaway momentum gap. This occurs after earnings in almost all cases. However it can also be triggered by any other catalyst causing a meaningful overnight gap.
- Gap: An overnight gap in the price of a stock. Stocks don’t like gaps and they are often filled. ‘Often’ is an understatement!
- FHS: Fishhook setup. This is basically a multi day retest of the lows of an earnings momentum gap setup. Can be used to layer into MGS’s.
- 10% Rule: +10% intraday scale-out rule. When a stock is up around 10% intraday I typically scale-out some into strength in order to make it more easy to secure my desired risk multiple winners. Be aware of support and resistance levels as they can interfere.
- ORB: Opening range breakout. This is a technique which can be used to buy into or better yet scale-into breakaway moves. Once price exceeds the highs of the first 15-min bar of the session, it is considered a 15min ORB. I mostly use these as an additional scale-in technique for the momentum gap setup on gap-up day.
I started to use those acronyms in mid 2020, so if you are looking for an earlier time period you should rather search for the fully written-out terms.