Lav Acronyms

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Lav Acronyms
We have acronyms that we use in the MomboTrading room. See brief definitions here.

Lav Acronyms

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Acronym	Definition
2 to 2	Two hits on Support or Two hits on Resistance
3rd Time's the Charm	A Third hit on Support or Resistance can break through for a Breakout Trade
BMA	Big Moving Average Trade (Usually Trend, but can be Counter Trend). This is the moving average show on the Mombo chart (jagged moving average line that is transferred from a larger time frame)
BP	Big Picture (what is happening on higher time-frame charts)
Crunch	Mombo Anna will say "Crunch" when a squeeze is forming on the Mombo chart. This is indicated by the bands turning Yellow.
CT	Counter Trend Trade (Counter Trend)
Drix	Drix is the Oscillator shown on the bottom of the Mombo Chart. When we say the Drix is "Green", we are referring to the Dot portion of the oscillator changing from Magenta to Green. When we say the Drix is "Red", we are referring to the Dot portion of the oscillator changing from Green to Magenta.
Drix Dots	The Drix Dots are the color dots that appear outside the bands on the Mombo chart. We also refer to these as Christmas Ornaments because we introduced them in December and they are Red and Green. The Light Red or Light Green dots are Hook 2 in the Drix oscillator below. The Dark Red or Dark Green dots are Hook 3 in the Drix oscillator below. If both Hook 2 and Hook 3 dots are stacked, then that means that particular hook in the drix can be counted as both Hook 2 and Hook 3.
HR	Home Run Trade (potentially worth more points than a typical trade setup)
JOT	Jump on Trend Trade (Trend Trade)
LOF	Leap of Faith (Trend Trade) This is the first trend trade available in a price trend
Mombo	Mombo is the entire volume chart we show in the room. However when we refer to the Mombo as Blue, we mean the midline (moving average line) is Blue or Up. When we refer to the Mombo as Orange, we mean the midline is Orange or Down.
TAR	Turn Around Trade (can be both Trend and Counter Trend). This one requires a fair amount of explanation. Basically, we wait for the turn, then take a trade when price dips back to the Mombo midline.

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There are inherent risks involved in trading stocks and commodity futures with real money. You should be aware of the risks involved and use the material contained in this software application at your own risk. You should consider your own financial condition before trading commodities or stocks with real money.

The material contained in these software applications, TradeStation add ons, and Day Trading information and opinions is believed to be reliable, but DT and Lavender, nor any of their associates guarantee its accuracy or validity, nor are they responsible for any errors or omissions which may have occurred. None of the materials in these software applications, TradeStation add ons, or Day Trading information and opinions provide, imply, or otherwise constitute a guarantee of performance. Your own trading results may differ.

It should not be assumed that future results will be profitable or will equal past performance, real, indicated or implied.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.