The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the the office space where market activities are concentrated in investment banks or brokerage houses. Financial trading rooms often consists of open-space large offices where financial workers (often referred to as "traders") monitor the markets, develop financial products, or engage into trading activities with other counterparties (through the telephone or through electronic interfaces). Conteporary trading rooms are highly technological spaces. The different trading or sales desks are equiped with financial data technologies such as the ones provided by companies such as Bloomberg or Reuters. In finance, financial markets facilitate: The raising of capital (in the capital markets); The transfer of risk (in the derivatives markets); and International trade (in the currency markets). ... Office Space is a 1999 comedy film written and directed by Mike Judge, partially based on his 1991 animated short films of the same name. ... Investment banks assist corporations in raising funds in the public markets (both equity and debt), as well as provide strategic advisory services for mergers, acquisitions and other types of transactions. ... Traders was a Canadian television drama series, which aired on Global Television Network from 1995 to 2000. ... Bloomberg L.P. is a financial news service founded by Michael Bloomberg in 1981. ... Reuters Group plc LSE: RTR NASDAQ: RTRSY is best known as a news service that provides reports from around the world to newspapers and broadcasters. ...
A "trading floor" is a trading venue. This expression often refers to stock exchanges and, more precisely, to the open outcry institution where traders, brokers or stockbrokers meet in order to buy and sell equities. Sometimes, the expression "trading floor" is also used to refer to the "trading room" or "dealing room", i.e. the office space where market activities are concentrated in investment banks or brokerage houses. But, technically speaking, these two spaces are different. Open outcry occurs on a commodities exchange when traders shout their buy and sell orders. ... Traders was a Canadian television drama series, which aired on Global Television Network from 1995 to 2000. ... In commerce, a broker is a party that mediates between a buyer and a seller. ...
Floortrader pivot points, or floor numbers, are specific support and resistance price points that have been calculated using what is referred to as the floor pivot point formula.
There is a trade off that exists in the decision to wait, that trade off being a willingness to enter at a 'worse' entry price in order to enter with 'better' timing in terms of movement in the direction of my trade, or possibly avoid taking a trade that resumes the prior swing direction.
I have used the terminology textbook base setup in referring to a 'general' base setup having some additional component that adds to the 'odds' of the trade;trading in synchronization with another method entering at the same time, and in the same direction, is an example of a textbook base setup.