Glossary
T
tape: the real‑time sequence of trades; the stream of executed trades.
target order: a limit order that sets an exit level. A target order is placed as part of bracket order or after a (limit) entry order.
task: work that has a set goal.
technical analysis: evaluation of a stock’s market behavior based solely on price and volume levels and movements. Constrast fundamental analysis.
technology: applied practical knowledge.
tentative: unsure; somewhat hesitant; provisional.
theory: a conceptual perspective.
thin ice: unstable liquidity, prone to sudden breaks.
tick bar: a bar comprising a set (user-defined) number of ticks.
tick: 1) a reported stock transaction (trade). 2) a price change up or down for a stock. An up-tick means that the last trade was at a higher price than the one preceding it. A down-tick means that the last price was lower than the one preceding it. Both definitions are proper, but the 1st definition – a reported trade – is the one that conforms with tick charts.
Tight: the tactic of entering near the current price.
timidity: hesitant to engage from fear.
Titan X: the TradeStation desktop trading application initially released in 2026.
Tokugawa Era (aka Edo Period) (1603-1868): the final phase of feudal Japan: a 265-year span of centralized military rule under the Tokugawa shogunate, founded by Tokugawa Ieyasu after his decisive victory at the Battle of Sekigahara in 1600. Governing from Edo (present-day Tokyo), the shogunate imposed a rigid social hierarchy of samurai, farmers, artisans, and merchants, enforced a policy of near-total national isolation (sakoku) that restricted foreign trade to a small Dutch and Chinese presence at Nagasaki. The Era was an extraordinary paradox: a military government that presided over 250 years of domestic peace. The culture and arts that are now identified as Japanese evolved during the Tokugawa Era. The sophisticated commercial markets of Osaka gave rise to the world's first futures exchange and the candlestick charting tradition. The Era ended with the Meiji Restoration of 1868, whereupon Japan opened to rapid Westernization, culminating ruinously in the Pacific theatre of World War 2.
top-of-book: the ask and bid orders at the front of the order book, which are the first price levels where a trade would occur.
top-of-book liquidity: how many shares are available to trade at the best bid and ask without moving the price.
Trade Bar: the TradeStation Desktop application that is the daughter of the Matrix. The Trade Bar lets you set order parameters, including size ($ quantity), duration (day), and OSO parameters: Limit and Stop. The Trade Bar also lets you make market orders.
trade secret: confidential information which has potential economic benefit.
trade secret: confidential business information that provides a competitive advantage because it is not publicly known.
trade-through: a trade executing at a worse price than the best available in the market at that moment.
trade: generally, exchanging goods without involving money; broadly, commerce in general or someone’s commercial occupation (their trade). The financial term trade is used for buying and selling abstracted monetary units. Capitalists have an extensive history of warping ordinary words to make greed seem morally acceptable. See invest. Compare order.
TradeStation: an American online brokerage firm, owned by Monex Group, a Japanese financial services company based in Tokyo. TradeStation Desktop is the most advanced application for employing custom indicators (created via EasyLanguage).
trailing stop: a Stop setting that moves with the current price.
transcend: to go beyond or rise above (a common limitation).
trap: engineered or emergent false continuation.
treacherous: quite risky; dangerous.
treachery: unexpectable sudden reversal; vicious randomness in price movement.
trend reading: knowing all characteristics of an examined trend. (This the public version of a more precise definition for members only.)
trend: vectored price movement. The minimal magnitude for a quantum trend step is 0.4% of price. A trend comprises at least 2 steps that maintain the same vector. Compare ranging, pullback.
triumph: a great success.
tweezer: a candle pattern of 2 opposite bodies similarly sized, indicating price level rejection and suggesting a vector change.