Slippage
The difference between the price you expected and the price at which the order actually filled.
Glossary
Order Block explained
An order block is a discretionary chart idea, not a listed instrument. Traders mark the last opposing candle before a strong impulse and treat that zone as a place price might react later.
DefinedTerm · Order Block
A chart zone some traders treat as leftover institutional buying or selling, used as a possible future reaction area.
What
A chart zone some traders treat as leftover institutional buying or selling, used as a possible future reaction area.
Not
A recommendation to buy, sell, or hold any instrument.
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Read the related tools, then size risk in pounds — not in hope.
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Definition
The working meaning
There is no exchange definition and no official print. Two analysts can mark different candles on the same chart. That does not make the idea useless as a teaching device — it does mean it is not a forecast and not a guaranteed fill.
Treat it like any other zone: a hypothesis about where orders might rest. Combine it with session hours, a calendar print, and a predefined invalidation. If price slices through the block, the idea is wrong for that trade. Do not add size to “defend” a rectangle.
Beginners often promote a labelled zone into a certainty. It is a sketch on a chart. Risk still belongs in pounds, pips, and a stop — see drawdown and slippage.
Keep going
Other terms in this set
Drawdown
How far an account or equity curve has fallen from its highest point, usually shown as a percentage.
Swap Rates
The overnight interest credited or charged when a leveraged position is held past the provider’s rollover time.