Member’s Guide to analyzing the Daily Tradesheet.
LBR Tradesheet Key
Nr4=narrow range of last 4 days
Nr7=narrow range of last 7 days
Wr4=wide range of last 4 days
Wr7=wide range of last 7 days
BO (Breakout Mode)
A “1” in the BO column represents that the market has formed a three bar triangle. The three bar triangle is when the current bar’s high is lower than the 2 day high and the low is higher than the two day low. Breakouts from this formation have better odds of follow through than breakouts from a one bar NR7.
TP (Trend Potential)
Lower numbers lead to trend days or breakouts. Anything below 40 is significant
P (Pinball)-similar to looking for retracements on 120 min timeframe
3 and 3 (PF3’s, Positive Feedback)
A PF3 means the slope of the 2 period ROC, the 3/10 osc fast line, and the 3/10 slow line were all in the same direction. They signal that the market is “giving its all” up or down. If you see 2 PF3s down (-1 -1) in an overall uptrend that is one of the best buy signals.
5 (5 SMA)
A “1” in this column will tell you that the market is closing on the opposite side of the 5 period SMA after being in an extended run.
–D (Sell Divergence) +D (Buy Divergence)
Shows that there is a possible buy or sell divergence on the daily OSC. Ignore if the weekly chart has good trend intact.
Sig (Signal) on 2 period ROC
B=first day flip up
S=first day flip down
(B)= Indicates 2 period ROC has been up for more than one day and can flip back down
(S)=Indicates 2 period ROC has been down for more than one day and can flip back up.
Tells you which price the 2 period ROC will flip up or down
Tells you the rate of change from the two most recent trading sessions
2 ROC 
Tells you the rate of change from the two trading sessions prior to the current session