| Abbreviation |
Description |
| / |
but |
| 1P |
1st Pause or Pullback in a strong trend |
| 2HM |
2 hours from moving average |
| 4d |
4 consecutive bear bars and is therefore too strong for a long |
| 4u |
4 consecutive bull bars and is therefore too strong for a short |
| 5T |
(5t F) 5 Tick Failure: the market reversed at 5 ticks, so the scalp limit order was touched but likely not filled, and traders will be trapped |
| ? |
Possible |
| 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 |
| ATM |
At the Money option strike price |
| B |
Buy |
| BE |
Breakeven |
| BO |
Breakout |
| BP |
Breakout Pullback |
| BT |
Breakout Test |
| BW |
Barb Wire |
| C |
Close |
| Cd |
Closed |
| COY |
Close of Yesterday |
| CS |
Clear and Strong signal |
| CT |
Countertrend, against the trend of the past several bars or even of the entire day |
| DB |
Double Bottom, which can even be two consecutive bars with identical lows |
| DBBF |
Double Bottom Bull Flag, a horizontal pattern that contains a DoubleBottom and forming after a possible bottom |
| DL |
Dueling Lines |
| DP |
a DoubleTop PullBack or a DoubleBottom PullBack |
| DT |
Double Top, which can even be two consecutive bars with identical highs |
| DTBF |
Double Top Bear Flag, a horizontal pattern that contains a DoubleTop and forming after a possible top |
| EB |
Entry Bar |
| EMA |
Exponential Moving Average (I use a 20 bar) |
| EOD |
End of Day |
| esp |
especially |
| ET |
Expanding Triangle |
| F |
Failure |
| FF |
Final Flag, usually a horizontal pattern after a trend. The breakout often fails and reverses |
| FTCL |
Failed Trend Channel Line |
| G |
Gap |
| G2 |
A second entry on a gap setup |
| H |
High or High of Day |
| H1 |
1 legged pullback in a bull move |
| H2 |
2 legged pullback in a bull move |
| HH |
Higher High |
| HL |
Higher Low |
| HOD |
High of the Day |
| HOO |
High of opening range |
| HOY |
High of Yesterday |
| Hr |
Higher |
| Hs |
Highs |
| HSB |
Head and Shoulders Bottom, a continuation pattern in both bull and bear mkts that sometimes is a reversal pattern |
| HST |
Head and Shoulders Top, a bull continuation pattern in both bull and bear mkts that sometimes is a reversal pattern |
| HTF |
Higher Time Frame (a 60 min chart compared to a 5 min) |
| i |
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 |
| 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 |
| ii |
consecutive inside bars |
| iii |
3 inside bars in a row |
| ioi |
outside bar surrounded by inside bars |
| L |
Low or Low of Day |
| L1 |
one legged PullBack in a bear move |
| L2 |
two legged PullBack in a bear move |
| LH |
Lower High |
| LHST |
Left shoulder of a Head and Shoulders Top |
| lim |
limit order |
| LL |
Lower Low |
| LOD |
Low of the Day |
| LOO |
Low of opening range |
| LOY |
Low of Yesterday |
| Lr |
Lower |
| Ls |
Lows |
| MA |
Moving Average |
| MC |
Microchannel |
| mkt |
market |
| MM |
Measured Move |
| mo |
momentum |
| MW |
MicroWedge, a wedge formed by only 3 - 4 bars |
| OB |
Outside bar, the high is at or above the high of the prior bar and the low is at or below the low |
| OD |
OD = outside down bar (a OB with its C below its open and a body that is at least a third of its range) |
| OL |
OverLap |
| OO |
OutsideBar followed by a larger OutsideBar |
| OTM |
Out of the Money option strike price For example, if the OIH is at 101, then the 95 put and the 105 call are further than the 100 strike and are Out of The Money (the option strike prices are rarely exactly at the same price as the stock) |
| OU |
outside up bar (a OB with its C above its open and a body that is at least a third of its range) |
| PB |
Pullback |
| PBs |
Pullbacks |
| PFRT |
Prior Failed Reversal Target |
| poss |
possible |
| prob |
probably |
| PS |
Protective Stop |
| PT |
Profit Target |
| pts |
points |
| RB |
Reversal Bar |
| RHST |
Right shoulder of a Head and Shoulders Top |
| 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 |
| SB |
Signal Bar |
| SC |
Spike and Channel (bull or bear) |
| SCB |
Spike and Channel Bottom (see book) |
| SCT |
Spike and Channel Top (see book) |
| SH |
Swing High |
| SL |
Swing Low |
| SS |
Shrinking Stairs |
| STF |
Smaller Time Frame (a 1 min chart compared to a 5 min) |
| T |
Tick (e.g., 5t = 5 tick move) |
| T1 |
1st Trend |
| T1B |
Trend from the first bar or so of the day |
| T2 |
2nd Trend |
| T3 |
3rd Trend |
| TB |
Trend Bar |
| TC |
Trend Channel |
| TCL |
Trend Channel Line |
| TCL R |
Trend Channel Line overshoot and reversal |
| TF |
Time Frame |
| TL |
Trendline |
| TR |
Trading Range |
| tri |
Possible Triangle (5 or more increasing smaller or larger legs in s sideways pattern) |
| TT |
Triple Top |
| TTR |
Tight Trading Range |
| vol |
volume |
| W |
Wedge or anything similar, like any 3 push pattern |
| W2 |
Wedge2, Wedge 2nd entry or a Failed Failed Wedge (a Wedge that failed, got a new extreme, and the new extreme failed and reversed) |
| WT |
With Trend, in the direction of the trend of the past seeveral bars or even of the entire day |
| Y |
High Of Yesterday or Low Of Yesterday, or major Swing High or Swing Low from Yesterday |
| Y2 |
Yesterday's High or Low 2nd Entry |
| Ys |
Y's = Yesterday's |
|
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