| Abbreviation |
Description |
| / |
but |
| 13T |
13 tick Trap |
| 15MA |
15 minute 20 bar moving average plotted on 5 minute chart |
| 16T |
16 Ticks |
| 17T |
17 Tick Trap |
| 18B |
18 Bar range |
| 18BD |
BreakOut Below 18 bar range so 90% chance will not rally to new high of day |
| 18BO |
Breakout of range of 1st 18 bars |
| 18BU |
Breakout Above 18 bar range so 90% chance will not fall to new low of day |
| 18T |
18 Ticks |
| 1BFF |
One Bar Final Flag |
| 1H |
1 Hour |
| 1LD |
First Leg Down |
| 1LU |
First Leg Up |
| 1MLD |
strong enough bear breakout for at least One More small Leg Down |
| 1MLU |
strong enough bull breakout for at least One More small Leg Up |
| 1P |
First Pause or Pullback in a strong trend |
| 1T |
1 Tick |
| 20GB |
Twenty Gap Bars, Twenty consecutive bars that have not touched the moving average |
| 20GBB |
20 Gap Bar Buy setup. After 20 or more bars above the EMA, bulls will look to buy a PB to the EMA |
| 20GBS |
20 Gap Bar Sell setup. After 20 or more bars below the EMA, bears will look to sell a PB to the EMA |
| 2BR |
Two Bar Reversal |
| 2E |
Second Entry |
| 2EB |
Second buy signal or strong Enough bull to breakout to Buy |
| 2ES |
Second sell signal or strong Enough bear to breakout to Sell |
| 2H |
2 Hour |
| 2HM |
Two hours from moving average |
| 2LD |
Two Legs Down or Second Leg Down |
| 2LSD |
Two Legs Sideways or Down |
| 2LSU |
Two Legs Sideways or Up |
| 2LT |
possible Second Leg Trap in a trading range |
| 2LU |
Two Legs Up or Second Leg Up |
| 2S |
Second Signal |
| 2SB |
Second Signal Buy |
| 2SS |
Second Signal Sell |
| 2T |
2 Ticks |
| 3EB |
Third Entry Buy |
| 3ES |
Third Entry Sell |
| 3H |
3 Hour |
| 3LD |
Third Leg Down so possible wedge bottom |
| 3LU |
Third Leg Up so possible wedge top |
| 3T |
3 Ticks |
| 4D |
Four consecutive bear bars and is therefore too strong for a long |
| 4H |
4 Hour |
| 4T |
4 Ticks |
| 4U |
Four consecutive bull bars and is therefore too strong for a short |
| 50P |
50% Pullback |
| 5H |
5 Hour |
| 5T |
5 tick Trap |
| 60M |
60 Minute |
| 60MA |
60 minute 20 bar Exponential Moving Average |
| 60MC |
60 Minute Chart |
| 6H |
6 Hour |
| 6T |
6 Ticks |
| 9T |
9 Tick Trap |
| ? |
Possible |
| A1D |
At least One more small leg Down |
| A1U |
At least One more small leg Up |
| A2 |
A two legged PullBack to the Exponential Moving Average in a trend |
| A22 |
A second entry in a two legged Pullback to the Exponential Moving Average in a trend |
| AI |
Always In |
| AIA |
Always In Aggressive trader (takes every reversal, about 10 per day) |
| AIBL |
Always In long Bulls |
| AIBLB |
Always In Bulls Buy again above bull bar closing near its high |
| AIBLE |
Always In Bulls can Exit below, if they are concerned about risk, and buy again above bull bar |
| AIBLE4 |
Always In Bulls can Exit 4 - 8 ticks below any bar, including a bull bar, if they are concerned about risk They can always buy again above next bull bar |
| AIBR |
Always In short Bears |
| AIBRE |
Always In Bears can Exit above, if they are concerned about risk, and sell again below bear bar |
| AIBRE4 |
Always In Bears can Exit 4 - 8 ticks above any bar, including a bear bar, if they are concerned about risk. They can always sell again below next bear bar |
| AIBRS |
Always In Bears Sell again below bear bar closing near its low |
| AIC |
Always In Conservative trader (only takes the strongest reversals, about 2-5 per day) |
| AIL |
Always In Long |
| AIS |
Always In Short |
| APSBL |
Average entry Price for Scale in BuLls |
| APSBR |
Average entry Price for Scale in BeaRs |
| AR |
Actual Risk |
| ASPT |
At Some Point Today |
| ATH |
All Time High |
| ATM |
At the Money option strike price |
| B |
Buy or Long, depending on context |
| B18 |
Often get Breakout or reversal between bars 16 to 18 |
| BA |
Buy Above or probably buyers at the high of the bar |
| BAG |
Breakaway Gap, the first gap of any kind after a trend reversal (only certain in hindsight) |
| BB |
Buy Below, or probably buyers at the low of the bar and scaling in lower |
| BB2 |
Better to wait for a 2nd buy signal or for a strong bull breakout, which means 2 or 3 bull bars closing near their highs. |
| BBBL |
Better to Buy above Bull bar closing near its high |
| BBBR |
Big Bar or Bars so Big Risk. Only trade if your account is big enough so that the risk of the trade is no bigger than on any other trade. Emini traders can trade micro Emini |
| BBLB |
Big Bull Bar |
| BBLB20 |
Biggest Bull bar or bars in over 20 bars so possible bull exhaustion gap. 60% chance of either end of rally or one more brief leg up and then end of rally. |
| BBLBC |
Big Bull Bar with Close near its high |
| BBLBIR |
Big Bull Bar so Increased Risk |
| BBLBL |
Biggest Bull bar or bars Late in bull trend so possible exhaustion gap. 60% chance this is end of buy climax, but 60% chance one more brief leg up before 2 legs down. Many bulls will take profits and some bears will sell the close for a scalp. Better to s |
| BBLCH |
Broad Bull Channel |
| BBLL |
Biggest Bull bar or bars Late in bull trend so possible exhaustion gap. Many bulls will take profits and some bears will sell the close for a scalp. Lower probability Buy The Close bar and better to wait to buy |
| BBLMC |
Bar Bull Micro Channel |
| BBLO |
Better to Buy with Limit Orders below bars than stop orders above |
| BBLT |
Big Bull bar so big risk, top of Tight trading range so lower probability and possibly sellers above |
| BBP |
Better to Buy PullBack than to buy at the high since not strong bull trend |
| BBRB |
Big Bear Bar |
| BBRB20 |
Biggest Bear bar or bars in over 20 bars so possible bear exhaustion gap. 60% chance of either end of selloff or one more brief leg down and then end of selloff. |
| BBRBC |
Big Bear Bar with Close near its low |
| BBRBIR |
Big Bear Bar so increased risk |
| BBRBL |
Biggest Bear bar or bars Late in bear trend so possible exhaustion gap. 60% chance this is end of sell climax, but 60% chance one more brief leg down before 2 legs up. Many bears will take profits and some bulls will buy the close for a scalp. Better to b |
| BBRCH |
Broad Bear Channel |
| BBRL |
Biggest Bear bar or bars Late in bear trend so possible exhaustion gap. Many bears will take profits and some bulls will buy the close for a scalp. Lower probability Sell The Close bar and better to wait to sell |
| BBRMC |
Bar Bear Micro Channel |
| BBRT |
Big Bear bar so big risk, bottom of Tight trading range so lower probability and possibly buyers below |
| BBS |
Bulls will scale in lower, bears will scale in higher |
| BBSA |
Buyers Below, Sellers Above |
| BC |
Broad Channel |
| BD |
Bars Down |
| BDBU |
Big Down, Big Up |
| BDBUTR |
Big down + big up = big confusion = TradingRange likely |
| BDG |
Body Gap, less reliable than true gap but still reasonable Measuring Gap |
| BDGD |
Body Gap Down, Gap above highest body of this pullback and lowest body of the breakout point |
| BDGDC |
The body of this reversal up bar overlaps the body of the lowest body of the breakout point. The body gap down is now closed. The bear trend has probably ended and the chart is now either in a trading range or a bull trend. |
| BDGU |
Body Gap Up, Gap below lowest body of this pullback and highest body of the breakout point |
| BDGUC |
The body of this reversal down bar overlaps the body of the highest body of the breakout point. The body gap up is now closed. The bull trend has probably ended and the chart is now either in a trading range or a bear trend. |
| BDUC |
Big Down, big Up, big Confusion so trading range likely |
| BE |
Breakeven |
| BELO |
Better to Enter with Limit Order |
| BFD |
Strong Bear Breakout and Follow-through so more Down |
| BFF |
Bar Final Flag |
| BFU |
Strong Bull Breakout and Follow-through so more Up |
| BG |
Buying |
| BGD |
Big Gap Down so 80% chance of at least one reversal in first hour. The bears want a double top or wedge top on a pullback to near the EMA. The bulls want a double bottom or wedge bottom for an early low of the day. |
| BGDC |
Body Gap Down Closed, which means the close of the bar was above the close of the lowest body in the breakout point, reducing the chance of lower prices |
| BGP |
Buying Pressure |
| BGU |
Big Gap Up so 80% chance of at least one reversal in the first hour. The bulls want a double bottom or wedge bottom on a pullback to near the EMA. The bears want a double top or wedge top for an early high of the day. |
| BGUC |
Body Gap Up Closed, which means the close of the bar was below the close of the highest body in the breakout point, reducing the chance of higher prices |
| BL |
Bull |
| BLB |
Bull Body |
| BLBC |
Bull Bar Closing near its high |
| BLBCH |
Bull Bar Closing near its High |
| BLBS |
Bull Bars |
| BLCH |
Bull Channel |
| BLD |
Bull Doji |
| BLE |
Bulls Exit below |
| BLF |
Bull Flag |
| BLO |
In tight trading range or tight channel, Better to enter with Limit Orders |
| BLR |
Bull Reversal |
| BLRB |
Bull Reversal Bar |
| BLRVD |
Bull Reversal Day, which is a day that sold off and then reversed up and closed near its high |
| BLSC |
Bull Scalpers |
| BLSH |
Buy Low Sell High |
| BLSHS |
Buy Low, Sell High, and Scalp |
| BLT |
Bull Trend |
| BLTD |
Bull Trend Day |
| BLTP |
Bull Trap, failed bull breakout |
| BLTR |
probably Bull leg in Trading Range and not in bull trend |
| BO |
Breakout |
| BOF |
strong Break Out with good Follow-through |
| BOM |
Breakout Mode means trading range. Traders expect a breakout up or down, and then about a measured move based on the height of the trading range. There is a 50% chance that the 1st breakout up or down will reverse. There is also a 50% chance that the even |
| BOP |
BreakOut Point |
| BOPBL |
Breakout Point for the current rally. The current rally had a bull breakout. That means it broke above a prior high, which is the breakout point. It often gets tested and is therefore a magnet below |
| BOPBR |
Breakout Point for the current selloff. The current selloff had a bear breakout. That means it broke below a prior low, which is the breakout point. It often gets tested and is therefore a magnet above |
| BOUD |
Breakout Up or Down |
| BP |
Breakout Pullback |
| BPS |
Breakout Pullbacks |
| BR |
Bear |
| BRB |
Bear Body |
| BRBC |
Bear Bar Closing near its low |
| BRBCL |
Bear Bar Closing near its Low |
| BRBS |
Bear Bars |
| BRCH |
Bear Channel |
| BRD |
Bear Doji |
| BRE |
Bears Exit above |
| BRF |
Bear Flag |
| BRN |
Big Round Number like 2100, 2200 |
| BRR |
Bear Reversal |
| BRRB |
Bear Reversal Bar |
| BRRVD |
Bear Reversal Day, which is a day that rallied, but sold off and closed bear its low |
| BRS |
Buyers |
| BRSC |
Bear Scalpers |
| BRT |
Bear Trend |
| BRTD |
Bear Trend Day |
| BRTP |
Bear Trap, failed bear breakout |
| BRTR |
probably Bear leg in Trading Range and not in bear trend |
| BRVD |
Big Reversal Down so at least small 2nd leg down likely |
| BRVU |
Big Reversal UP so at least small 2nd leg up likely |
| BSB |
Buy Signal Bar |
| BSBR |
Better to Sell below Bear bar closing near its low |
| BSLO |
Better to Sell with Limit Orders above bars than stop orders below |
| BSP |
Better to Sell PullBack (a rally) than to sell at the low since not strong bear trend |
| BT |
Breakout Test or Bought, depending on context |
| BTC |
Buy The Close bull trend so traders will buy the close of bull bar closing near its high or buy above bull bar that closes near its high |
| BTCBL |
Buy The Close Bulls |
| BTCE |
Buy the Close rally until the End of day |
| BTs |
Breakout Tests |
| BTTR |
Bar Tight Trading Range |
| BTW |
Better To Wait for more information |
| BU |
Bars Up |
| BUBD |
Big Up, Big Down |
| BUBDTR |
Big up + big down = big confusion = TradingRange likely |
| BUDC |
Big Up, big Down, big Confusion so trading range likely |
| BV |
Buy Vacuum test of resistance |
| BW |
Barb Wire |
| BWB |
Better to Wait for a Breakout |
| BWBLB |
Bars without Bull bodies |
| BWBOUD |
Better to wait for a breakout up or down |
| BWBRB |
Bars without Bear bodies |
| BWSS |
Only B if using a Wide Stop, and better if can scale in lower |
| BWT |
Better Wait for Tomorrow |
| BX |
Buy Climax |
| BXS |
Buy Climaxes |
| BZ |
Buy Zone |
| C |
Close |
| CAM |
Close Above Midpoint of the bar |
| CBM |
Close Below Midpoint of the bar |
| CBX |
Consecutive Buy Climax |
| CBXS |
Consecutive Buy Climaxes |
| CC |
consecutive |
| CCB |
Consecutive Bottoms |
| CCBBLBC |
Consecutive Big Bull Bars Closing near their highs makes at least a small 2nd leg up likely |
| CCBBRBC |
Consecutive Big Bear Bars Closing near their lows makes at least a small 2nd leg down likely |
| CCBL |
Consecutive Bull bars with one closing near its high and with a big bull body so probably always in long |
| CCBR |
Consecutive Bear bars with one closing near its low and with a big bear body so probably always in short |
| CCT |
Consecutive Tops |
| CD |
Closed |
| CH |
Channel |
| CHD |
Cup and Handle Bear Flag (Pullback after bear reversal) |
| CHU |
Cup and Handle Bull Flag (Pullback after bull reversal) |
| CLM |
Close of Last Month |
| CLW |
Close of Last Week |
| CLY |
Close of Last Year |
| CM |
Close of Month |
| CNH |
Close Near High of bar |
| CNL |
Close Near Low of bar |
| COD |
Close of Day |
| COH |
Close On or near High of bar |
| COL |
Close On or near Low of bar |
| COLM |
Close of Last Month |
| COLW |
Close of Last Week |
| COM |
Close of Month |
| Context |
All of the bars to the left showing buying and selling pressure, support and resistance |
| COT |
Close of Today |
| COW |
Close of Week |
| COY |
Close of Yesterday |
| CS |
Closes |
| CSX |
Consecutive Sell Climax |
| CSXS |
Consecutive Sell Climaxes |
| CT |
Countertrend, against the trend of the past several bars or even of the entire day |
| CW |
Close of Week |
| CY |
Close of Yesterday |
| DB |
Double Bottom, or two consecutive bars with identical lows |
| DBBF |
Double Bottom Bull Flag, so when bull buy signal bar, there is a 40% chance of a breakout above the recent swing high (neck line of the DB) and a measured move up. |
| DBBP |
Double Bottom Pullback means there is a pullback from a reversal up from a double bottom and bulls will buy above the pullback bar, especially if it closes near its high |
| DBL |
Disappointed Bulls |
| DBR |
Disappointed Bears |
| DBS |
Double Bottoms, or two consecutive bars with identical lows |
| DBTC |
Disappointed Buy The Close Bulls |
| DD |
Doji, which is a bar with a small body and a close near the open |
| DDD |
Doji Day, which is a bar on the daily chart with a small body and a close near the open |
| DDIV |
Double Divergence |
| DDM |
Doji Month, which is a bar on the monthly chart with a small body and a close near the open |
| DDW |
Doji Week, which is a bar on the weekly chart with a small body and a close near the open |
| DFD |
Dominant Feature Down is exceptionally strong selloff. It will usually prevent a bull trend, even if there is a new high. It increases the chance of sideways to down for the rest of the day. |
| DFT |
Disappointing Follow-through so possible Trading range |
| DFU |
Dominant Feature Up is exceptionally strong rally. It will usually prevent a bear trend, even if there is a new low. It increases the chance of sideways to up for the rest of the day. |
| DIV |
Divergence |
| DL |
Dueling Lines |
| DP |
Double Top Pullback or Double Bottom Pull Back |
| DPS |
Double Top Pull Backs or Double Bottom Pull Backs |
| DSTC |
Disappointed Sell The Close Bears |
| DT |
Double Top, or two consecutive bars with identical highs |
| DTBF |
Double Top Bear Flag, so when bear sell signal bar, there is a 40% chance of a breakout below the recent swing low (neck line of the double top) and a measured move down. |
| DTPB |
Double Top Pullback means there is a reversal down from a double top and the bears will sell below the pullback bar, especially if it closes near its low |
| DTS |
Double Tops |
| EB |
Entry Bar |
| EBLT |
End of day Bull Trap |
| EBRT |
End of day Bear Trap |
| EBS |
Entry Bars |
| EBTC |
End of day Buy The Close bull trend |
| EG |
Exhaustion Gap, a gap at any kind at the end of a trend, just before a reversal (only certain in hindsight) |
| ELOM |
End of day Limit Order Market |
| EMA |
Exponential Moving Average (I use a 20 bar) |
| EOD |
End of Day |
| EOM |
End of Month |
| EOW |
End of Week |
| EPB |
Endless PullBack |
| EPTG |
End of day Profit Taking so possible reversal |
| ESP |
especially |
| ESTC |
End of day Sell the Close bear trend |
| ET |
Expanding Triangle |
| ETS |
Expanding Triangles |
| F |
Fail, Failure |
| FBO |
Failed BreakOut |
| FD |
Failed |
| FF |
Final Flag, usually a horizontal pattern after a trend. The breakout often fails and reverses |
| FFS |
Final Flags |
| FG |
Failing |
| FOMCD |
There is an FOMC announcement at 11 am PST today. Day traders should exit positions before the report and wait until at least 10 minutes after the report before trading again to allow for a trend to begin. |
| FRD |
For Rest of the Day |
| FS |
Fails or Failures |
| FT |
Follow Through |
| FTCL |
Failed Trend Channel Line |
| FTD |
Follow-Through Down, not bull bar, so lower prices likely |
| FTU |
Follow-Through Up, not bear bar, so higher prices likely |
| G |
Gap |
| G2 |
A second entry on a gap setup |
| GB |
Gap Bar |
| GBS |
Gap Bars |
| GD |
Gap Down |
| GS |
Gaps |
| GT |
Gap Test |
| GU |
Gap Up |
| GUB |
Give Up Bar, breakout that often leads to a swing |
| GUD |
Give Up Bar Down so bulls giving up |
| GUU |
Give Up Bar Up so bears giving up |
| GX |
Globex Session |
| H |
High or High of Day |
| H1 |
One legged pullback in a bull move |
| H2 |
Two legged pullback in a bull move |
| H3 |
Three legged pullback in a bull move |
| HC |
Highest Close of the day or of swing up |
| HD |
High of Day |
| HH |
Higher High |
| HHS |
Higher Highs |
| HL |
Higher Low |
| HLM |
High of Last Month |
| HLS |
Higher Lows |
| HLW |
High of Last Week |
| HLY |
High of Last Year |
| HM |
High of Month |
| HOD |
High of the Day |
| HOLM |
High of Last Month |
| HOLW |
High of Last Week |
| HOO |
High of opening range |
| HOT |
High of Today so far |
| HOW |
High of Week |
| HOY |
High of Yesterday |
| HOYR |
High of Year |
| HP |
High Probability |
| HPW |
Higher Probability to Wait for a breakout or better setup |
| HPW2B |
Higher Probability to Wait for 2nd Buy signal or a strong bull breakout |
| HPW2S |
Higher Probability to Wait for 2nd Sell signal or a strong bear breakout |
| HPWB2 |
Higher Probability to Wait for 2nd Buy signal or a strong bull breakout |
| HPWBL |
Higher Probability to Wait to buy above Bull bar closing near its high |
| HPWBR |
Higher Probability to Wait to sell below Bear bar closing near its low |
| HPWF |
Higher Probability to Wait for a breakout and Follow-through |
| HPWS2 |
Higher Probability to Wait for 2nd Sell signal or for a strong bear breakout |
| HPWSS |
Higher Probability if you can use a Wide Stop and Scale in, whether you swing or scalp |
| HR |
Higher |
| HRP |
Higher Probability |
| HS |
Highs |
| HSB |
Head and Shoulders Bottom, a continuation pattern in both bull and bear markets that sometimes is a reversal pattern |
| HSBS |
Head and Shoulder Bottoms, continuation patterns in both bull and bear markets that sometimes are reversal patterns |
| HST |
Head and Shoulders Top, a bull continuation pattern in both bull and bear markets that sometimes is a reversal pattern |
| HSTS |
Head and Shoulder Tops, bull continuation patterns in both bull and bear markets that sometimes are reversal patterns |
| HTF |
Higher Time Frame (a 60 min chart compared to a 5 min) |
| HTFS |
Higher Time Frames (a 60 min chart compared to a 5 min) |
| HW |
High of Week |
| HY |
High of Yesterday |
| IB |
Inside bar, the high of the bar is at or below the high of the prior bar and the low is at or above the low of the prior bar |
| ID |
Inside Day |
| ii |
consecutive inside bars |
| iii |
Three inside bars in a row |
| ioi |
Outside bar surrounded by Inside bars |
| IR |
Initial Risk |
| L |
Low or Low of Day |
| L1 |
One legged PullBack in a bear move |
| L1=2 |
Leg 1 equals Leg 2 Measureed Move |
| L2 |
Two legged PullBack in a bear move |
| L3 |
Three legged PullBack in a bear move |
| LBL |
Limit order Bull scalpers |
| LBLB |
Limit order Bulls will buy Below and scale in lower |
| LBLBB |
Limit order Bulls will buy Below and scale in lower |
| LBLM |
Limit order Bull scalpers have been making Money |
| LBLNM |
Limit order Bull scalpers have Not been making Money |
| LBR |
Limit order Bear scalpers |
| LBRA |
Limit order Bears will sell Above and scale in higher |
| LBRM |
Limit order Bear scalpers have been making Money |
| LBRNM |
Limit order Bear scalpers have Not been making Money |
| LBRSA |
Limit order Bears will sell Above and scale in higher |
| LC |
Lowest Close of the day or of swing down |
| LD |
Low of Day |
| LDL |
Low of Limit Down move |
| LGB |
Ledge Bottom is 4 or more bars in tight trading range with the same low. 80% chance of breakout below and 80% chance of pullback above bottom of ledge. |
| LGT |
Ledge Top is 4 or more bars in tight trading range with the same high. 80% chance of breakout above and 80% chance of pullback below top. |
| LH |
Lower High |
| LHS |
Lower Highs |
| LHST |
Left shoulder of a Head and Shoulders Top |
| LIM |
limit order |
| LL |
Lower Low |
| LLD |
Locked Limit Down, trading is halted, currently for 15 minutes. This makes the bar numbering off by 2 |
| LLM |
Low of Last Month |
| LLS |
Lower Lows |
| LLU |
Locked Limit Up, trading is halted, currently for 15 minutes. This makes the bar numbering off by 2 |
| LLW |
Low of Last Week |
| LM |
Low of Month |
| LOA |
Sell with Limit Order Above bars |
| LOB |
Buy with Limit Order Below bars |
| LOBL |
Limit Order Bulls, which means buys buying with limit orders, betting on a reversal up instead of a bear breakout |
| LOBR |
Limit Order Bears, which means bears selling with limit orders, betting on a reversal down instead of a bull breakout |
| LOD |
Low of the Day |
| LOLM |
Low of Last Month |
| LOLW |
Low of Last Week |
| LOM |
Limit Order Market so easier to make money with limit orders than with stop orders. Bears will probably sell above and many will scale in higher, and bulls will buy below and many will scale in lower. Both expect small moves and will mostly scalp. |
| LOME |
Limit Order Market until End of day |
| LOO |
Limit Order Open so early trading range likely |
| LOPTM |
Lots of Overlap and Prominent Tails so only Minor reversal likely |
| LOS |
Limit Order Scalpers |
| LOT |
Low of Today so far |
| LOY |
Low of Yesterday |
| LOYR |
Low of Year |
| LP |
Low Probability so swing only or wait |
| LPB |
Low Probability Buy, probably sellers above, and sideways more likely than up |
| LPS |
Low Probability Short, probably buyers below, and sideways more likely than down |
| LR |
Lower |
| LRP |
Lower Probability |
| LS |
Lows |
| LTR |
Lower Trading Range |
| LW |
Low of Week |
| LY |
Low of Yesterday |
| LYR |
Low of Last Year |
| MA |
Moving Average |
| MABL99.5 |
99.5% chance of at least 3 bars with low at least 1 tick below Moving Average at some point today |
| MABR99.5 |
99.5% chance of at least 3 bars with high at least 1 tick above Moving Average at some point today |
| MAG |
Moving Average Gap Bar |
| MAGB |
Moving Average Gap bar Buy signal, which means there is a gap between the high of the bar and the exponential moving average in a bull trend |
| MAGS |
Moving Average Gap bar Sell signal, which means there is a gap between the low of the bar and the exponential moving average in a bear trend |
| MBO |
Minor Breakout, probably a scalp that lasts only 1-5 bars |
| MBOD |
Minor Breakout Down, probably a scalp that lasts only 1-5 bars |
| MBOU |
Minor Breakout Up, probably a scalp that lasts only 1-5 bars |
| MC |
Microchannel |
| MDB |
Micro Double Bottom |
| MDBS |
Micro Double Bottoms |
| MDT |
Micro Double Top |
| MDTS |
Micro Double Tops |
| MG |
Measuring Gap, a gap of any kind that can lead to a measured move (only certain in hindsight) |
| MGA |
Magnet Above |
| MGB |
Magnet Below |
| MGN |
Magnet |
| MGS |
Measuring Gaps, gaps of any kind that can lead to measured moves (only certain in hindsight) |
| MHL |
Major Higher Low |
| MIN |
Minimum or Minutes |
| MKT |
market |
| MLH |
Major Lower High |
| MM |
Measured Move |
| MMD |
Measured Move Down |
| MMS |
Measured Moves |
| MMT |
Measured Move Target |
| MMTA |
Measured Move Target(s) Above |
| MMTB |
Measured Move Target(s) Below |
| MMTS |
Measured Move Targets |
| MMU |
Measured Move Up |
| MMUD |
Measured Move Up or Down |
| MNHL |
Minor Higher Low |
| MNLH |
Minor Lower High |
| MO |
momentum |
| MP |
Midpoint |
| MRLD |
Most Recent Leg Down |
| MRLU |
Most Recent Leg Up |
| MRV |
Minor Trend Reversal so trading range more likely |
| MRVD |
Minor Reversal Down so bull flag or bear leg in trading range more likely than bear trend |
| MRVU |
Minor Reversal Up so bear flag or bull leg in trading range more likely than bull trend |
| MTB |
Micro Triple Bottom |
| MTCL |
Micro Trend Channel Line |
| MTL |
Micro Trend Line |
| MTR |
Major Trend Reversal |
| MTRS |
Major Trend Reversals |
| MTT |
Micro Triple Top |
| MW |
MicroWedge, a wedge formed by only 3 - 4 bars |
| NDB |
Nested Double Bottom |
| NDT |
Nested Double Top |
| NEBM |
Not Enough Bars for Major Trend Reversal so Trading Range likely |
| NEBP |
Not Enough Buying Pressure |
| NESP |
Not Enough Selling Pressure |
| NG |
Negative Gap, pullback overlaps the breakout point but still can get measured move |
| NHEP |
Not High Enough Probability unless swing stop and scale in |
| NHP |
Not High Probability |
| NHSB |
Nested Head and Shoulders Bottom, R shoulder is smaller |
| NHST |
Nested Head and Shoulders Top, right shoulder is smaller |
| NL |
NeckLine |
| NPS |
Not high enough Probability for a Scalp using a stop entry because risk is too big compared to reward |
| NS |
Not high enough probability for a scalp |
| NSS |
Not high enough probability for Scalp, not enough time or room for Swing, better to wait |
| NTS |
Not enough time to swing or to scale in with limit orders |
| NW |
Nested Wedge, 3rd leg is smaller wedge |
| O |
Open |
| OB |
Outside bar, the high is at or above the high of the prior bar and the low is at or below the low |
| OBSS |
Okay Buy if Swing Stop |
| OBSSS |
Only Buy if Swing Stop and Scale in Lower |
| OBT |
Overbought |
| OD |
Outside down bar (an Outside bar with its Close below its open and a body that is at least a third of its range) |
| ODD |
Outside Down Day, which means a reversal down from above yesterday's high to below yesterday's low |
| ODM |
Outside Down Month, which means a reversal down from above last month's high to below last month's low |
| ODW |
Outside Down Week, which means a reversal down from above last week's high to below last week's low |
| OEL |
Ok for always In bulls to Exit Long and buy again above bull bar |
| OES |
Ok for always In bears to Exit Short and Sell again below bear bar |
| OL |
OverLap |
| OLM |
Open of Last Month |
| OLW |
Open of Last Week |
| OLY |
Open of Last Year |
| OM |
Open of Month |
| OO |
Consecutive outside bars, Breakout Mode. In a bull trend, may be a top if 2nd bar is a bear bar or a bull flag if 2nd bar is a bull bar. In a bear trend, may be a bottom if 2nd bar is a bull bar or a bear flag if 2nd bar is a bear bar. |
| OOD |
Open of Day |
| OOM |
Open of Month |
| OOO |
3 consecutive outside bars, Breakout Mode. In a bull trend, may be a top if the 3rd bar is a bear bar or a bull flag if the 3rd bar is a bull bar. In a bear trend, it can be a bottom if the 3rd bar is a bull bar or a bear flag if the 3rd bar's a bear bar. |
| OOT |
Open of Today |
| OOW |
Open of Week |
| OOY |
Open of Yesterday |
| ORD |
Opening Reversal Down |
| ORG |
Opening Range |
| ORU |
Opening Reversal Up |
| ORV |
Opening Reversal |
| OSD |
Oversold |
| OSS |
Only Scalp if wide Stop and Scale in |
| OSSS |
Okay Sell if Swing Stop |
| OSSSS |
Only Sell if Swing Stop and Scale in Higher |
| OTM |
Out of the Money option strike price |
| OU |
outside up bar (an Outside bar with its Close above its open and a body that is at least a third of its range) |
| OUD |
Outside Up Day, which means a reversal up from below yesterday's low to above yesterday's high |
| OUM |
Outside Up Month, which means a reversal up from below last month's low to above last month's high |
| OUW |
Outside Up Week, which means a reversal up from below last week's low to above last week's high |
| OW |
Open of Week |
| OY |
Open of Yesterday |
| P |
Probability |
| PA |
Price Action |
| PB |
Pullback |
| PBA |
Probably Buyers Above |
| PBB |
Probably Buyers Below |
| PBS |
Pullbacks |
| PBX |
Parabolic Buy Climax |
| PH |
Possible High of day or swing high, reasonable sell setup. Since it is a reversal trade, it is not high probability so it is a swing setup |
| PL |
Possible Low of day or swing low, reasonable buy setup. Since it is a reversal trade, it is not high probability so it is a swing setup |
| POSS |
Possible |
| PP |
Probably |
| PROB |
Probably |
| PS |
Possibly |
| PSA |
Probably Sellers Above |
| PSB |
Probably Sellers Below |
| PSX |
Parabolic Sell Climax |
| PT |
Profit Target |
| PTG |
Profit Taking |
| PTR |
Profit Taker |
| PTRS |
Profit Takers |
| PTS |
points |
| PW |
Parabolic Wedge |
| R1AR |
Reward 1 Times Actual Risk |
| R1IR |
Reward 1 Times Initial Risk |
| R1R |
Reward 1 Times Risk |
| R2AR |
Reward 2 Times Actual Risk |
| R2IR |
Reward 2 Times Initial Risk |
| R2R |
Reward 2 Times Risk |
| RB |
Reversal Bar |
| RBMGA |
Reasonable Buy signal so it is a Magnet. When there is a reasonable buy signal, bulls who buy lower usually get a test of first buy and make money on lower buy |
| RBS |
Reversal Bars |
| RD |
Reversal Day |
| RDU |
Reversal Down and Up after first bar so breakout mode |
| REVD |
Reversal Down |
| REVU |
Reversal Up |
| RHST |
Right shoulder of a Head and Shoulders Top |
| RLOB |
Reasonable Limit Order Buy so its low is a magnet after any selloff |
| RLOS |
Reasonable Limit Order Sell so its high is a magnet after any rally |
| RN |
Round Number like 2110, 2120 |
| RR |
Risk Reward, or Risk Reward Ratio, most easily thought of as the size of your stop compared to the size of your profit target |
| RRR |
Risk Reward Ratio |
| RS |
Resistance |
| RSMGB |
Reasonable Sell signal so it is a Magnet. When there is a reasonable sell signal, bears who sell higher usually get a test of first sell and make money on higher sell |
| RUD |
Reversal Up and Down after first bar so breakout mode |
| RV |
Reversal |
| RVD |
Reversal Down |
| RVDU |
Reversal Down and Up |
| RVU |
Reversal Up |
| RVUD |
Reversal Up and Down |
| S |
Sell or Short, depending on context |
| SA |
Sellers Above, or probably sellers at the high of the bar and scaling in higher |
| SABB |
Sellers Above, Buyers Below |
| SB |
Sellers Below or probably sellers at the low of the bar |
| SBD |
Surprise Bar or Bars Down, so probably will get at least small a 2nd leg sideways to down |
| SBDM |
Bear Major Surprise Bar or Bars is exceptionally strong selloff. It will usually prevent a bull trend, even if there is a new high. It will dominate the rest of the day and it increases the chance of sideways to down for the rest of the day |
| SBL |
Scale in Bulls |
| SBLB |
Strong Bull Bar (big bull body, close near high) |
| SBLM |
Stop order Bulls making Money in bear leg so sideways to up soon |
| SBNS |
Ok Swing Buy, but Not high enough probability for a Scalp |
| SBO2 |
Small breakout of a small breakout |
| SBR |
Scale in Bears |
| SBRB |
Strong Bear Bar (big bear body, close near low) |
| SBRM |
Stop order Bears making Money in bull leg so sideways to down soon |
| SBS |
Signal Bars |
| SBU |
Surprise Bar or Bars Up, so probably will get at least a small 2nd leg sideways to up |
| SBUM |
Bull Major Surprise Bar or Bars is exceptionally strong rally. It will usually prevent a bear trend, even if there is a new low. It will dominate the rest of the day and it increases the chance of sideways to up for the rest of the day |
| SC |
Spike and Channel (bull or bear) |
| SCB |
Spike and Channel Bottom (see book) |
| SCBL |
Spike and Channel Bull Trend |
| SCBLLT |
Spike and Channel Bull Trend |
| SCBR |
Spike and Channel Bear Trend |
| SCBRT |
Spike and Channel Bear Trend |
| SCD |
Spike and Channel Down |
| SCS |
Swing stop, but scale in, then scalp or swing |
| SCT |
Spike and Channel Top (see book) |
| SCU |
Spike and Channel Up |
| SCX |
Spike and climax type of spike and channel |
| SD |
Sideways to Down |
| SG |
Selling |
| SGD |
Small Gap Down usually closes in 1st hour |
| SGP |
Selling Pressure |
| SGU |
Small Gap Up usually closes in 1st hour |
| SH |
Swing High |
| SHS |
Swing Highs |
| SL |
Swing Low |
| SLS |
Swing Lows |
| SMD |
Small Day |
| SOBL |
Stop Order Bulls, which means bulls buying with stop orders |
| SOBLM |
Stop Order Bulls making Money |
| SOBLNM |
Stop Order Bulls Not making Money |
| SOBLP |
Stop Order Buy is Low Probability |
| SOBR |
Stop Order Bears, which means bears selling with stop order |
| SOBRM |
Stop Order Bears making Money |
| SOBRNM |
Stop Order Bears Not making Money |
| SOLP |
Entering with Stop Orders is Low Probability so only enter if swing trading |
| SOSLP |
Stop Order Sell is Low Probability |
| SP |
Support |
| SPB |
Small Pullback |
| SPBL |
Small PullBack Bull trend |
| SPBR |
Small PullBack Bear trend |
| SPBTD |
Small PullBack Trend Day |
| SR |
Support and/or Resistance, depending on context |
| SRS |
Sellers |
| SS |
Shrinking Stairs |
| SS2 |
Better to wait for a 2nd sell signal or for a strong bear breakout, which means 2 or 3 bear bars closing near their lows. |
| SSB |
Sell Signal Bar |
| SSNS |
Ok Swing Sell, but Not high enough probability for a Scalp |
| SSS |
Swing Stop even if Scalping |
| STC |
Sell The Close bear trend so traders will sell the close of bear bar closing near its low or sell below bear bar that closes near its low |
| STCBR |
Sell The Close Bears |
| STCE |
Sell the Close selloff until the End of day |
| STE |
Strong Trader's Equation |
| STF |
Shorter Time Frame (a 1 min chart compared to a 5 min) |
| STFS |
Shorter Time Frames (a 1 min chart compared to a 5 min) |
| SU |
Sideways to Up |
| SV |
Sell Vacuum test of support |
| SW |
SideWays |
| SWD |
SideWays more likely than Down |
| SWSS |
Only S if using a Wide Stop, and better if can scale in higher |
| SWU |
SideWays more likely than Up |
| SX |
Sell Climax |
| SXS |
Sell Climaxes |
| SZ |
Sell Zone |
| T |
Today or Tick (e.g., 5t = 5 tick move) depending on context |
| T1 |
1st Trend |
| T1B |
Trend from the first bar or so of the day |
| T1BD |
Trend From The Open Bear Trend |
| T1BL |
Trend From The Open Bull Trend |
| T1BR |
Trend From The Open Bear Trend |
| T1BU |
Trend From The Open Bull Trend |
| T2 |
2nd Trend |
| T3 |
3rd Trend |
| TB |
Trend Bar |
| TBLB |
Tick Bull Body |
| TBLC |
Tight Bull Channel |
| TBLCH |
Tight Bull Channel |
| TBRB |
Tick Bear Body |
| TBRC |
Tight Bear Channel |
| TBRCH |
Tight Bear Channel |
| TBS |
Trend Bars |
| TBTL |
approximately Ten Bar correction with at least Two Legs |
| TBTLSD |
Ten Bars and Two Legs Sideways to Down |
| TBTLSU |
Ten Bars and Two Legs Sideways to Up |
| TC |
Tight Channel (was Trend Channel) |
| TCBL |
Trending Bull Closes, every close at or above close of prior bar so higher prices likely |
| TCBR |
Trending Bear Closes, every close at or below close of prior bar so lower prices likely |
| TCH |
Tight Channel |
| TCHD |
Tight bear channel |
| TCHU |
Tight bull channel |
| TCL |
Trend Channel Line |
| TCLR |
Trend Channel Line overshoot and reversal |
| TCLS |
Trend Channel Lines |
| TD |
Trend Day |
| TDDIV |
Tick Double Divergence on one minute chart |
| TDIV |
Tick Divergence on one minute chart |
| TE |
Traders Equation (need chance of success times the reward greater than chance of loss times the risk) |
| TF |
Time Frame |
| TFB |
Too Few Bars for major trend reversal so probably minor reversal |
| TFS |
Time Frames |
| TG |
Target |
| TGA |
Target Above |
| TGB |
Target Below |
| TGS |
Targets |
| TGT |
Target |
| TGTA |
Target Above |
| TGTB |
Target Below |
| TGTS |
Targets |
| TL |
Trendline |
| TLOS |
Trend Tine OverShoot and reversal |
| TLS |
Trendlines |
| TM |
Tomorrow |
| TMBP |
Too Much Buying Pressure |
| TMSP |
Too Much Selling Pressure |
| TOD |
Time of Day |
| TR |
Trading Range |
| TRB |
Target above since it was a reasonable Buy |
| TRD |
Trading Range Day |
| TRDS |
Trading Range Days |
| TRE |
Trend Resumption |
| TRES |
Trend Resumption |
| TRESD |
Trend Resumption Down |
| TRESU |
Trend Resumption Up |
| TREV |
Trend Reversal |
| TRI |
Triangle means trading range with 5 or more reversals with either 2 higher lows and 1 lower high or 1 higher low and 2 lower highs |
| TRIE |
Expanding triangle means 5 or more reversals in a TR with either 2 higher highs and 1 lower low or 1 lower high and 2 lower lows |
| TRL |
Trading Range Likely |
| TRO |
Trading Range Open so mostly a limit order market and Breakout Mode. The bulls will look for a double bottom or wedge bottom and then a swing up. The bears want a double top or wedge top and then a swing down |
| TRPA |
Trading Range Price Action, which means lots of reversals, prominent tails, and limit order entries |
| TRS |
Trading Ranges |
| TRSD |
Trend Resumption Down |
| TRSU |
Trend Resumption Up |
| TRSV |
Trend Resumption or Trend Reversal |
| TRTR |
Tight Trading Range, BreakOut will probably lead to either trend resumption or trend reversal |
| TRVD |
Trend Reversal Down |
| TRVU |
Trend Reversal Up |
| TST |
Two-Sided Trading |
| TT |
Triple Top |
| TTR |
Tight Trading Range, limit order market, bad for scalping with stop orders. Most traders should wait. |
| TTRD |
Trending Trading Range Day |
| TTRDS |
Trending Trading Range Days |
| TTRL |
Tight Trading Range, limit order market, bulls scaling in below and bears above |
| TTRLP |
Tight Trading Range and therefore buying with a stop above or selling with a stop below is a Lower Pprobability trade. There might be more sellers above and buyers below, leading to a continuation of the tight trading range |
| TTRNS |
Tight Trading Range, limit order market, bad for scalping with stop entries unless using swing stop |
| TTRTE |
Tight Trading Range Trumps Everything |
| TTS |
Too Tight to Scalp, even with limit orders |
| TW |
Truncated Wedge |
| TWD |
Truncated Wedge Down, third leg did not fall below second |
| TWU |
Truncated Wedge Up, third leg did not go above second |
| TY |
10 Year U.S. Treasury Notes Futures |
| UD |
Up and or Down |
| UTR |
Upper Trading Range |
| VOL |
Volume |
| VTR |
Vacuum Test of Resistance |
| VTS |
Vacuum Test of Support |
| VTTR |
Very Tight Trading Range so difficult to make money even with limit orders. Most traders should wait. |
| W |
Wedge or anything similar, like any 3 push pattern |
| W2 |
Wedge2, Wedge 2nd entry or a Failed Failed Wedge |
| WB |
Wedge Bottom |
| WB2 |
Wait for breakout or second entry |
| WBLF |
Wedge Bull Flag |
| WBRF |
Wedge Bear Flag |
| WFB |
Okay swing but higher probability if Wait For Breakout |
| WFT |
Better to wait for tomorrow |
| WGB |
Wedge Bottom |
| WGT |
Wedge Top |
| WS |
Wedges or anything similar, like any 3 push patterns |
| WSS |
Wide Stop and Scale in, swing or scalp |
| WT |
Wedge Top (older use: With Trend) |
| WTB |
Better to Wait to Buy |
| WTE |
Weak Trader's Equation |
| WTS |
Better to Wait to Sell |
| X |
Climax |
| XS |
Climaxes |
| Y |
Yesterday |
| Y2 |
Yesterday's High or Low 2nd Entry |
| YBX |
Yesterday ended with a buy climax so only 25% chance of strong bull trend today, but 50% chance of follow-through buying in 1st 2 hours. Then, 75% chance of at least 2 hours of sideways to down trading that starts by the end of the 2nd hour |
| YS |
Y's = Yesterday's |
| YSX |
Yesterday ended with a sell climax so only 25% chance of strong bear trend today, but 50% chance of follow-through selling in 1st 2 hours. Then, 75% chance of at least 2 hours of sideways to up trading that starts by the end of the 2nd hour |
|
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