Standalone Reference

QMS Dictionary

Core terms used across the QT Trading Lab curriculum. Tap any term to see a visual diagram and related concepts.

QMS Framework
Quantitative Market Structure: the QT Trading Lab framework for measuring expansion, failure, rejection, acceptance, and transition.
0 100 120 0 100 120 ✓ Expansion Confirmed Prior Swing (0→100)
The QMS framework measures expansion beyond prior structure using the 0 → 100 → 120 level sequence.
See also: 120 Rule Expansion SET · Intermediate Module 1
SET Framework
Structural Expansion Theory: the idea that trend is confirmed by measurable expansion beyond prior structure.
See also: QMS Expansion 120 Rule · Intermediate Module 1
120 Rule Structure
A QMS rule requiring a candle close beyond the 120 level to confirm structural expansion.
120 Wick Only = Not Confirmed wick Close Beyond = Confirmed close
A wick beyond 120 is only a test — the candle body must close beyond the level for expansion to be confirmed.
See also: 120 Level Rejection Expansion · Intermediate Module 1
0 Level Structure
The starting point of the measured swing. In a bullish setup this is the swing low; in a bearish setup this is the swing high.
See also: 100 Level 120 Level QMS · Intermediate Module 1
100 Level Structure
Completion of the prior swing. It marks the full prior structural move before expansion is measured.
See also: 0 Level 120 Level BOS · Intermediate Module 1
120 Level Structure
The first measurable expansion level beyond prior structure. Wicks beyond it are tests; closes beyond it confirm.
See also: 120 Rule 127.2 Level Expansion · Intermediate Module 1
EL Structure
Expansion Low: the structural low that initiated or supports a bullish expansion sequence.
See also: EH VSL Expansion · Intermediate Module 1
EH Structure
Expansion High: the structural high that initiated or supports a bearish expansion sequence.
See also: EL VSH · Intermediate Module 1
VSL Structure
Valid Structural Low: a low that remains structurally important because it has not been invalidated.
See also: VSH EL Failure · Intermediate Module 1
VSH Structure
Valid Structural High: a high that remains structurally important because it has not been invalidated.
See also: VSL EH · Intermediate Module 1
BOS Structure
Break of Structure: a break in the direction of the current trend that supports continuation.
HL HL BOS break
BOS occurs when price breaks a prior swing high (bullish) or low (bearish) in the direction of the existing trend.
See also: CHoCH Expansion 100 Level · Intermediate Module 1
CHoCH Structure
Change of Character: an early warning that price has broken against the current trend character.
HL LH CHoCH break
CHoCH occurs when price breaks against the prevailing trend — a lower low in an uptrend or a higher high in a downtrend.
See also: BOS Failure Transition · Intermediate Module 1
127.2 Level Expansion
A deeper QMS extension level used to judge extended expansion beyond the initial 120 confirmation.
See also: 120 Level 138.2 Level 161.8 Level · Intermediate Module 1
138.2 Level Expansion
A stronger expansion extension that signals more forceful continuation beyond the prior structural range.
See also: 127.2 Level 161.8 Level · Intermediate Module 1
161.8 Level Expansion
An extreme expansion extension often used to identify stretched or highly directional conditions.
See also: 138.2 Level Expansion · Intermediate Module 1
Expansion Market State
A confirmed directional move produced by a candle close beyond the 120 level of the prior structure.
0 100 120 Expansion Zone
Expansion is confirmed when the candle body closes beyond the 120 level — not just a wick test.
See also: 120 Rule Acceptance ECM · Intermediate Module 1
Acceptance Market State
A condition where price holds beyond the expansion area and treats the new structural zone as valid.
See also: Expansion Rejection ARM · Intermediate Module 1
Rejection Market State
A wick or test beyond an important level that fails to close beyond it, showing insufficient confirmation.
Level wick rejected close below
Price wicks beyond the level but fails to close beyond it — the level is defended and price reverses.
See also: 120 Rule Acceptance Failure · Intermediate Module 1
Failure Market State
A condition where price cannot continue expansion and violates the structure required to keep the trend intact.
See also: CHoCH Transition EFM · Intermediate Module 1
Transition Market State
A confirmed shift toward the opposite direction after the market fails or reverses through opposing structure.
See also: Failure CHoCH FRM · Intermediate Module 1
RSI ConfirmationIndicators
Using RSI to confirm momentum after structure has already qualified, rather than using RSI as the entry trigger.
See also:MACD Divergence· Intermediate Module 2
MACD DivergenceIndicators
A momentum read used inside structural context to judge whether a QMS event is gaining or losing strength.
See also:RSI ConfirmationBollinger Band Expansion· Intermediate Module 2
Bollinger Band ExpansionIndicators
A volatility read showing range expansion after compression, useful when aligned with confirmed structure.
See also:ExpansionVWAP· Intermediate Module 2
VWAPIndicators
Volume Weighted Average Price, used as intraday context for whether price is trading above or below volume-weighted value.
See also:Volume Profile· Intermediate Module 2
Volume ProfileIndicators
A study of traded volume by price, used to identify areas of acceptance, rejection, and high participation.
See also:VWAPAcceptance· Intermediate Module 2
Top-Down AnalysisProcess
The habit of reading higher timeframe bias first, then using lower timeframes for entry precision.
See also:Bias TimeframeEntry Timeframe· Intermediate Module 3
Bias TimeframeProcess
The higher timeframe that defines the directional context before looking for execution.
See also:Top-Down AnalysisEntry Timeframe· Intermediate Module 3
Entry TimeframeProcess
The lower timeframe used to refine timing after the higher timeframe has supplied context.
See also:Bias TimeframeTop-Down Analysis· Intermediate Module 3
ECMStrategy
Expansion Continuation Model: a QMS execution model for continuing with confirmed expansion.
See also:ExpansionARMBOS· Intermediate Module 4
ARMStrategy
Acceptance Retest Model: a QMS execution model built around retesting and holding accepted expansion structure.
See also:AcceptanceECM120 Level· Intermediate Module 4
EFMStrategy
Expansion Failure Model: a model for conditions where expansion attempts fail and risk shifts.
See also:FailureRejectionFRM· Intermediate Module 4
FRMStrategy
Failure Reclaim Model: a model for reclaiming failed areas when structure shifts back through them.
See also:FailureTransitionEFM· Intermediate Module 4
ExpectancyRisk
The average expected result of a strategy over many trades, combining win rate, average win, and average loss.
See also:R MultipleDrawdown· Intermediate Module 6
R MultipleRisk
A way to measure trade outcome based on initial risk. A 2R winner made twice the amount initially risked.
See also:ExpectancyDrawdown· Intermediate Module 6
DrawdownRisk
The decline from an account equity peak to a later low, used to understand risk and emotional pressure.
See also:ExpectancyPost-Loss Protocol· Intermediate Module 6
Post-Loss ProtocolPsychology
A rule-based pause after a losing trade, designed to reduce revenge trading and emotional decision-making.
See also:DrawdownExpectancy· Intermediate Module 7
No terms match your search.