see,..all you can do is say simple things. Simple things from a simple minded bag holder. Oh and we are awaiting more of your "predictions"..LOL your a joke. You try to act as if you know something about markets. just another douche bag
You're the one that fell for my joke, it's not my fault you just made an ass out of yourself. No need for the name calling now. No offense but you sound like a big baby. Man up and own your mistake.
what's evil is, some of the young savvy trading youtubers Sound like they know what they're talking about but they are FULL OF SHIT. Like one video i saw where a woman was talking about what indicators to use when daytrading scalping. No pro uses squiggly lines/mas to scalp; wtf (we use L2/tape reading). then unknowing viewers follow that bs and blow up. they're so damn friendly, smart-sounding and convincing. but they're marketers not traders, and make videos full of misinformation and total bullshit. caveat emptor
Finally, the voice of reason speaks.....sadly most of the folks in this forum have no clue what you just said. Sadder yet, is that they never will.
Here is a list of blocked scams and someone even already convicted: https://www.tradingschools.org/?s=fraud+busted The pattern is always the same: get rich quick, with an algorithm or secret techniques finally revealed, fancy sports cars and beautiful women.....but there is yet another trick: after the scammers have....disappeared, sometimes...they come back and appear as lawyers from law firms promising to be able to recover lost money and instead...they are still the same scammers.... The cat and the fox
https://www.brookspriceaction.com/acronyms.php Abbreviation Description / but 100M 100 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 100MA 100 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 100MD 100 day simple moving average 10M Middle third of the day from 9:30 or 10 am PST to 11:30 often enters tight trading range 13T 13 Tick Trap. Trader entering with stop order usually needs 14 ticks to make 3 points. Stopping at 13 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal. 150M 150 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 150MA 150 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 150MD 150 day simple moving average 15M 15 Minute bar or chart 15MA 15 minute 20 bar moving average plotted on 5 minute chart 16T 16 Ticks, which can be a trap for limit order entries 17T 17 Tick Trap. Trader entering with stop order usually needs 18 ticks to make 4 points. Stopping at 17 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal. 18B 18 Bar range 18BD Breakout Below 18 bar range so 80% chance will not rally to new high of day, and 90% chance of range is big 18BO Breakout of range of 1st 18 bars 18BOD Breakout Below 18 bar range so 80% chance will not rally to new high of day, and 90% chance of range is big 18BODF Failed breakout below the low of the 1st 18 bars, Always In bears should exit, but probably only minor reversal up, only 20% chance of new high of day 18BOU BreakOut Above 18 bar range so 80% chance will not fall to new low of day, and 90% chance of range is big 18BOUF Failed breakout above the high of the 1st 18 bars, Always In Bulls should exit, but probably only minor reversal down, only 20% chance of new low of day 18BU Breakout Above 18 bar range so 80% chance will not fall to new low of day, and 90% chance of range is big 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 200M 200 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 200MA 200 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 200MD 200 day simple moving average 20DM 20 day exp moving average 20DMA 20 day exp moving average 20GB Twenty Gap Bars, about 20 consecutive bars that have not touched the moving average 20GB50BL No pullback to EMA in 1st 50 bars so expect at least 3 bars will low below EMA by around 11 am PST and then test of high of day 20GB50BR No pullback to EMA in 1st 50 bars so expect at least 3 bars will high above EMA by around 11 am PST and then test of low of day 20GBB 20 Gap Bar Buy setup. After about 20 or more bars above the exponential moving average, bulls will look to buy a pullback to the exponential moving average 20GBS 20 Gap Bar Sell setup. After about 20 or more bars below the exponential moving average bears will look to sell a pullback to the exponential moving average 20MM 20 month exp moving average 20MMA 20 month exp moving average 20WM 20 week exp moving average 20WMA 20 week exp moving average 21T 21 Tick Trap. Trader entering with stop order usually needs 22 ticks to make 5 points. Stopping at 21 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal. 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 2FMA When both 5 and 60 min mov averages are flat and near one another, then trading range and possibly limit order market 2H 2 Hour 2HM Two hours from moving average 2LBLTP Second Leg Bull Trap is big bull breakout that quickly reverses down, trapping bulls who hoped for bull trend, but now either trading range or bear trend reversal 2LBRTP Second Leg Bear Trap is big bear breakout that quickly reverses up, trapping bears who hoped for bear trend, but now either trading range or bull trend reversal 2LD Two Legs Down or Second Leg Down 2LS 2nd leg was sideways 2LSD Two Legs Sideways or Down 2LSU Two Legs Sideways or Up 2LSW 2nd leg was sideways 2LT Second Leg Trap so possible failed breakout and reversal 2LTP Second Leg Trap so possible failed breakout and reversal 2LU Two Legs Up or Second Leg Up 2MA 5 min EMA and 60 min EMA 2MAF moving averages on 5 min and 60 min charts are flat and near one another so sideways market and increased chance of more sideways 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 40M Bars 40 and 41 are middle of day and there is often a reversal or a breakout around 40 or 41 40R Bars 40 and 41 are middle of day and there is often a reversal or a breakout around 40 or 41 41M Bars 40 and 41 are middle of day and there is often a reversal or a breakout around 40 or 41 41R Bars 40 and 41 are middle of day and there is often a reversal or a breakout around 40 or 41 41T 41 Tick Trap. Trader entering with stop order usually needs 42 ticks to make 10 points. Stopping at 41 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal. 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 50M 50 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 50MA 50 bar simple moving average, institutions watch 50, 100, 150, and 200 day and week simple moving averages 50MD 50 day simple moving average 50P 50% Pullback 5H 5 Hour 5T 5 Tick Trap. Trader entering with stop order usually needs 6 ticks to make 1 point. Stopping at 5 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal. 60M 60 minute bar or chart 60MA 60 minute 20 bar Exponential Moving Average 60MC 60 Minute Chart 6H 6 Hour 6T 6 Ticks 99BL 99.5% chance of at least 3 bars with low at least 1 tick below Moving Average at some point today, and then usually soon afterwards get buy signal and new high of day 99BR 99.5% chance of at least 3 bars with high at least 1 tick above Moving Average at some point today, and then usually soon afterwards get sell signal and new low of day 9T 9 Tick Trap. Trader entering with stop order usually needs 10 ticks to make 2 points. Stopping at 9 ticks traps traders just shy of goal. Many will exit, sometimes creating reversal. ? 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 AIBLBA Always In Bulls Buy again above bull bar closing near its high AIBLE Always In Bulls can Exit below bear bar closing below its midpoint, if they are concerned about risk, and buy again above bull bar AIBLE4 Always In Bulls can Exit about 4 ticks or half an average bar range below any bar or 1 tick below bear bar closing below its midpoint if concerned about risk. Can always buy again above next bull bar closing near its high. AIBR Always In short Bears AIBRE Always In Bears can Exit above bull bar closing above its midpoint, if they are concerned about risk, and sell again below bear bar AIBRE4 Always In Bears can Exit about 4 ticks or half of an average bar range above any bar or 1 tick above bull bar closing above its midpoint if concerned about risk. Can always sell again below next bear bar closing near its low. AIBRS Always In Bears Sell again below bear bar closing near its low AIBRSA 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 AMPT am Pacific Time Zone AODD Almost Outside Down Day is a reversal down from above yesterday's high and a sell climax to just above yesterday's low and a reversal up AOUD Almost Outside Up Day is a reversal up from below yesterday's low and a buy climax to just below yesterday's high and a reversal down 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 ATRI Apex of Triangle or trading range so Breakout Mode ATRIMA Apex of triangle is magnet above ATRIMB Apex of triangle is magnet below AV Average AVR Average range of approximately past 10 bars AVRD Average range on daily chart of approximately past 10 days AVRM Average range on monthly chart of approximately past 10 months AVRW Average range on weekly chart of approximately past 10 weeks B Buy or Long, depending on context B18 Often get Breakout or reversal between bars 16 to 18 B2 Weak Trader's Equation so most should wait for higher probability, like 2nd buy signal or a couple consecutive big bull bars closing near their highs. Else need big reward to offset low probability. Some will use wide stop and scale in. 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 Weak Trader's Equation so higher probability to wait for a 2nd buy signal or for a strong bull breakout, which means 2 or 3 bull bars closing near their highs; or, need wide stop and better if can scale in. BBBL Better to Buy above Bull bar closing near its high BBBR Big Bar or Bars so Big Risk. If you take the trade, trade small enough position size so that the risk of the trade is no bigger than on any other trade. If in Tight TR, better to wait for breakout or 2nd signal since low probability, bad for stop entries. BBE Breakeven, which means exiting around entry price with small profit or loss BBL Big Bull bar 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 Closing near its high BBLBD Big bull body or bodies on daily chart BBLBIR Big Bull Bar so Increased Risk BBLBL Bull Surprise 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. BBLBM Big bull body or bodies on monthly chart BBLBW Big bear body or bodies on daily chart BBLC Big Bull Bar Closing near its high BBLCH Broad Bull Channel BBLD Big bull day BBLDC Big Bull Day Closing near its high. BBLL Bull Surprise 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. BBLMC Bar Bull Micro Channel BBLO Better to Buy with Limit Orders below bars than stop orders above BBLPT Bigger bull bar after about 4 Buy the Close bars will attract profit taking soon, so better to buy pullback instead of buying the close, else need wide stop BBLT Big Bull bar so big risk, top of Tight trading range so lower probability and possibly sellers above BBLTD Big Bull Trend Day BBP Better to Buy PullBack than to buy at the high since not strong bull trend. Or, need wide stop and trade small, and possibly scale in. BBPB Better to Buy PullBack than to buy at the high since not strong bull trend. Or, need wide stop and trade small, and possibly scale in. BBR Big Bear bar 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 Closing near its low BBRBD Big bear body or bodies on daily chart BBRBIR Big Bear Bar so increased risk BBRBL Bear Surprise 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. BBRBM Big bear body or bodies on monthly chart BBRBW Big bear body or bodies on weekly chart BBRC Big Bear Bar Closing near its low BBRCH Broad Bear Channel BBRD Big bear day BBRDC Big Bear Day Closing near its low BBRL Bear Surprise 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. BBRMC Bar Bear Micro Channel BBRPT Bigger bear bar after about 4 Sell the Close bars will attract profit taking soon so better to sell pullback instead of selling the close, else need wide stop BBRT Big Bear bar so big risk, bottom of Tight trading range so lower probability and possibly buyers below BBRTD Big Bear Trend Day BBS Bulls will scale in lower, bears will scale in higher BBSA Buyers Below, Sellers Above BBSB Bad Buy Signal Bar, so some bears scale in higher, expecting pullback to below high of bar, which is magnet. Test of high can come hours later. BBSBH Bad Buy Signal Bar High is a magnet. Some bears who sold the high will scale in higher and expect a test back to high of bar later in day. BC Broad Channel BD Bars Down BDBU Big Down, Big Up creates big confusion and usually leads to trading range BDBUC Big Down, Big Up, big Confusion so trading range likely 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. BDU Big Down, Big Up creates big confusion and usually leads to trading range BDUC Big Down, big Up, big Confusion so trading range likely BDUDC Big Down, big Up, big Confusion so trading range likely BE Breakeven, which means exiting around entry price with small profit or loss BELO Better to Enter with Limit Order BFD Strong Bear Breakout and Follow-through so more Down BFF Bar Final Flag BFT Bad Follow-through means the bar or bars after a breakout do not continue strongly in the direction of the breakout. Disappointment increases chance of trading range. BFTD Bull bar after big bear bar so bad follow-through and reduced chance of bear trend BFTU Bear bar after big bull bar so bad follow-through and reduced chance of bull trend 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. 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. 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. 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. BIGBSB Big Buy Signal Bar so big bar and big risk. Trade small or wait to buy 50% pullback or reversal up from 50% pullback. BIGSBS Big Sell Signal Bar so big bar and big risk. Trade small or wait to sell 50% pullback or reversal down from 50% pullback. BKE Breakeven, which means exiting around entry price with small profit or loss BL Bull or Bulls BL2 Bulls can Exit about half an average bar's range below any bar, or 1 tick below bear bar closing below its midpoint if disappointed. Can always buy again above next bull bar closing near its high. BLB Bull Body BLBC Bull Bar Closing near its high BLBCH Bull Bar Closing near its High BLBCHMA Bull bar closing near its high and above exp mov av, but need follow-through bull bar to confirm breakout above exp mov av BLBD Bull bar on daily chart, which means close of day above open of day BLBM Bull bar on monthly chart, which means close of month above open of month BLBO Bull Breakout BLBOM Bull breakout but probably minor, which means probably a scalp lasting 1 - 5 bars BLBS Bull Bars BLBW Bull bar on weekly chart, which means close of week above open of week BLC Bull Channel, which is a weaker bull trend and it has at least a couple higher lows and higher highs BLCH Bull Channel, which is a weaker bull trend and it has at least a couple higher lows and higher highs BLCHM Bull bar closing near its high and above exp mov av, but need follow-through bull bar to confirm breakout above exp mov av BLCHMA Bull bar closing near its high and above exp mov av, but need follow-through bull bar to confirm breakout above exp mov av BLD Bull Doji BLDD Bull Day, which means close above open on daily chart BLE Bulls exit below bar, even if not a strong sell signal BLE2 Bulls can Exit about half an average bar's range below any bar, or 1 tick below bear bar closing below its midpoint if disappointed. Can always buy again above next bull bar closing near its high. BLE4 Bulls can Exit about half an average bar's range below any bar, or 1 tick below bear bar closing below its midpoint if disappointed. Can always buy again above next bull bar closing near its high. BLEB Bulls exit below, but not a strong sell signal BLEH Bulls can Exit about half an average bar's range below any bar, or 1 tick below bear bar closing below its midpoint if concerned about risk. Can always buy again above next bull bar closing near its high. BLF Bull Flag BLFT Bull Follow-Through means no bear body. The minimum is a perfect doji, but a big bull bar closing near its high significantly increases the chance of higher prices. BLGU Bear Surprise Bar, bulls giving up, possible spike in Spike and Channel Bear Trend, but need follow-through bear bars BLMC Bull Micro Channel, every low at or above low of prior bar BLN1 Bulls need 1 more bull bar closing near its high for Always In Long so bears might sell the close to prevent confirmed bull breakout BLNM Bulls Not Making Money so better to only look to sell and wait to buy BLNMM Bulls Not Making Money so better to only look to sell and wait to buy 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 BLTL Bull Trend Line BLTP Bull Trap, failed bull breakout BLTR Probably Bull leg in Trading Range and not in bull trend BLTRV Bull trend reversal BNFB Probably buyers not far below BO Breakout means close beyond support or resistance, like high or low of prior bar or bars, or EMA. Bulls want big bull bar closing on its high and far above resistance. Bears want big bear bar closing on its low and far below support. BOA Breakout Above a resistance level, like high of prior bar or a recent high or the EMA. Bulls want follow-through bull bar for next bar to increase chance of swing up. If bear follow-through bar, then possible failed breakout. BOB Breakout Below a support level, like low of prior bar or a recent low or the EMA. Bears want follow-through bear bar for next bar to increase chance of swing down. If bull follow-through bar, then possible failed breakout. BOF strong Break Out with good Follow-through BOM Breakout Mode means trading range. About 50% chance successful breakout up or down, and then about a measured move based on the height of trading range. 50% chance 1st breakout up or down will reverse. BOP Break Out Point, which is the price that the current breakout broke beyond 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 BOT BreakOut Test, which is a pullback testing the breakout point, and traders are deciding if the breakout will succeed or fail BOUD Breakout Up or Down BP Breakout Pullback BPS Breakout Pullbacks BR Bear or Bears BRA Probably buyers above BRB Bear Body BRBC Bear Bar Closing near its low BRBCL Bear Bar Closing near its Low BRBCLMA Bear bar closing near its low and below exp mov av, but need follow-through bear bar to confirm breakout below exp mov av BRBD Bear bar on daily chart, which means close of day below open of day BRBM Bear bar on monthly chart, which means close of month below open of month BRBO Bear Breakout BRBOM Bear breakout but probably minor, which means probably a scalp lasting 1 - 5 bars BRBS Bear Bars BRBW Bear bar on weekly chart, which means close of week below open of Week BRC Bear Channel, which is a weaker bear trend and it has at least a couple lower lows and lower highs BRCH Bear Channel, which is a weaker bear trend and it has at least a couple lower lows and lower highs BRCLM Bear bar closing near its low and below exp mov av, but need follow-through bear bar to confirm breakout below exp mov av BRCLMA Bear bar closing near its low and below exp mov av, but need follow-through bear bar to confirm breakout below exp mov av BRD Bear Doji BRDD Bear Day, which means close below open on daily chart BRE Bears exit above bar, even if not strong buy signal BRE2 Bears can Exit about half of an average bar's range above any bar, or 1 tick above bull bar closing above its midpoint if disappointed. Can always sell again below next bear bar closing near its low. BRE4 Bears can Exit about half of an average bar's range above any bar, or 1 tick above bull bar closing above its midpoint if disappointed. Can always sell again below next bear bar closing near its low. BREA Bears exit above, but not strong buy signal BREH Bears can Exit about half of an average bar's range above any bar, or 1 tick above bull bar closing above its midpoint if concerned about risk. Can always sell again below next bear bar closing near its low. BRF Bear Flag BRFT Bear Follow-Through means no bull body. The minimum is a perfect doji, but a big bear bar closing near its low significantly increases the chance of lower prices. BRGU Bull Surprise Bar, bears giving up, possible spike in Spike and Channel Bull Trend, but need follow-through bull bars BRMC Bear Micro Channel, every high at or below high of prior bar BRN Big Round Number like 2100, 2200 BRN1 Bears need 1 more bear bar closing near its low for Always In short so bulls might buy the close to prevent confirmed bear breakout BRNM Bears Not Making Money so better to only look to buy and wait to sell BRNMM Bears Not Making Money so better to only look to buy and wait to sell 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 BRTL Bear Trend Line BRTP Bear Trap, failed bear breakout BRTR Probably Bear leg in Trading Range and not in bear trend BRTRV Bear trend reversal BRVD Big Reversal Down so at least small 2nd leg down likely BRVU Big Reversal UP so at least small 2nd leg up likely BS Buy Signal BSA Weak buy setup, but okay to buy small position and add to position if continues up BSB Buy Signal Bar BSBC Buy Signal Bar closing near its high BSBD Buy Signal Bar on Daily chart BSBM Buy Signal Bar on Monthly chart BSBR Better to Sell below Bear bar closing near its low BSBSL Bad Sell Signal Bar Low is a magnet. Some bulls who bought the low will scale in lower and expect a test back to low of bar later in day. BSBW Buy Signal Bar on Weekly chart BSLO Better to Sell with Limit Orders above bars than stop orders below BSP Better to Sell PullBack, which means a bounce, than to sell at the low since not strong bear trend. Or, need wide stop and trade small, and possibly scale in. BSPB Better to Sell PullBack, which means a bounce, than to sell at the low since not strong bear trend. Or, need wide stop and trade small, and possibly scale in. BSSB Bad Sell Signal Bar, so some bulls scale in lower, expecting pullback to above low of bar, which is magnet. Test of low can come hours later. 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 BTH Buy The High bull trend is a series of bull bars closing near their highs, and bulls will buy with a stop 1 tick above the high of the prior bar, and exit below a bear bar closing below its midpoint or 1 - 2 points below any bar BTM Buy The Market, strong bull trend so many bulls will buy with market orders as well as with stop orders above bull bars closing near their highs BTs Breakout Tests BTTR Bar Tight Trading Range BTW Better To Wait for better combination of probability, risk, and reward BU Bars Up BUBD Big Up, Big Down creates big confusion and usually leads to trading range BUBDC Big Up, Big Down, big Confusion so trading range likely BUBDTR Big up + big down = big confusion = TradingRange likely BUD Big Up, Big Down creates big confusion and usually leads to trading range BUDC Big Up, big Down, big Confusion so trading range likely BV Buy Vacuum test of resistance BVT Buy Vacuum test of resistance BW Barb Wire BWB Better to Wait for a Breakout BWBLB Bar streak without bull bodies so strong bears and wait to buy BWBOUD Better to wait for a breakout up or down BWBRB Bar streak without bear bodies so strong bulls and wait to sell BWSS Only B if using a Wide Stop, and better if can scale in lower BWT Better Wait for Tomorrow BX Buy Climax, one or more big bull bars closing near their highs BXH Buy Climax High, high of buy climax bar or bars BXL Buy Climax Low, Low of buy climax bar or bars BXS Buy Climaxes BZ Buy Zone, an area where traders will look to buy C Close CAM Close Above Midpoint of the bar CAMP Close Above Midpoint of the bar CBM Close Below Midpoint of the bar CBMP Close Below Midpoint of the bar CC consecutive CCAMA Consecutive closes above EMA, but bulls need big bull bars closing near their highs to significantly increase the chance of much higher prices. CCB Consecutive Bottoms CCBBLB Consecutive Big Bull Bodies so higher probability for bears to wait for 2nd sell signal CCBBLBC Consecutive Big Bull Bars Closing near their highs makes at least a small 2nd leg up likely CCBBLBCM Consecutive big bull bars closing near their highs and far above EMA. Higher prices likely. Always In Long and Buy The Close bull trend CCBBLBCMA Consecutive big bull bars closing near their highs and far above EMA. Higher prices likely. Always In Long and Buy The Close bull trend CCBBLC Consecutive Big Bull Bars Closing near their highs makes at least a small 2nd leg up likely CCBBRB Consecutive Big Bear Bodies so higher probability for bulls to wait for 2nd buy signal CCBBRBC Consecutive Big Bear Bars Closing near their lows makes at least a small 2nd leg down likely CCBBRBCM Consecutive big bear bars closing near their lows and far below EMA. Lower prices likely. Always In Short and Sell The Close bear trend. CCBBRBCMA Consecutive big bear bars closing near their lows and far below EMA. Lower prices likely. Always In Short and Sell The Close bear trend. CCBBRC Consecutive Big Bear Bars Closing near their lows makes at least a small 2nd leg down likely CCBL Consecutive Bull Bars CCBL1C Consecutive Bull bars with one closing near its high and with a big bull body so probably Buy The Close and Always In Long CCBLB Consecutive Bull Bars CCBLB1C Consecutive Bull bars with one closing near its high and with a big bull body so probably Buy The Close and Always In Long CCBLBC Consecutive Bull Bars Closing near their highs makes at least a small 2nd leg up likely CCBLBCH Consecutive Bull Bars Closing near their highs makes at least a small 2nd leg up likely CCBLBCM Consecutive bull bars closing above EMA and closing near their highs so probably will go higher and possible Buy The Close CCBLBCMA Consecutive bull bars closing above EMA and closing near their highs so probably will go higher and possible Buy The Close CCBLC Consecutive Bull Bars Closing near their highs makes at least a small 2nd leg up likely CCBLCMA Consecutive bull bars closing above EMA and closing near their highs so probably will go higher and possible Buy The Close CCBLCMA2 Consecutive big bull bars closing above mov. av. with both closing near their highs and 2nd body completely above mov. av. so higher prices likely CCBMA Consecutive closes below EMA, but bears need big bear bars closing near their lows to significantly increase the chance of much lower prices. CCBR Consecutive Bear Bars CCBR1C Consecutive Bear bars with one closing near its low and with a big bear body so probably Sell The Close and Always In Short CCBRB Consecutive Bear Bars CCBRB1C Consecutive Bear bars with one closing near its low and with a big bear body so probably Sell The Close and Always In Short CCBRBC Consecutive Bear Bars Closing near their lows makes at least a small 2nd leg down likely CCBRBCL Consecutive Bear Bars Closing near their lows makes at least a small 2nd leg down likely CCBRBCM Consecutive bear bars closing below EMA and closing near their lows so probably will go lower and possible Sell The Close CCBRBCMA Consecutive bear bars closing below EMA and closing near their lows so probably will go lower and possible Sell The Close CCBRBCMA2 Consecutive big bear bars closing below mov. av. with both closing near their lows and 2nd body completely below mov. av. so lower prices likely CCBRC Consecutive Bear Bars Closing near their lows makes at least a small 2nd leg down likely CCBRCMA Consecutive bear bars closing below EMA and closing near their lows so probably will go lower and possible Sell The Close CCBWBLB Consecutive bar streak without bull body so strong bears and wait to buy CCBWBRB Consecutive bar streak without bear body means strong bulls so wait to sell CCBX Consecutive Buy Climax CCBXS Consecutive Buy Climaxes CCCAMA Consecutive closes above EMA CCCB Consecutive Complex Bottoms, which is a pair of bottoms where both have 2 or 3 legs down CCCBMA Consecutive bars closing below EMA CCCT Consecutive Complex Tops, which is a pair of tops where both have 2 or 3 legs up CCSX Consecutive Sell Climax CCSXS Consecutive Sell Climaxes CCT Consecutive Tops CCW Consecutive wedges have a higher probability of a 2 legged reversal CCWB Consecutive wedge bottoms have higher probability of leading to a couple legs up CCWD Consecutive wedge bottoms have higher probability of leading to a couple legs up CCWT Consecutive wedge tops have higher probability of leading to a couple legs down CCWU Consecutive wedge tops have higher probability of leading to a couple legs down CD Closed CH Channel CHB Cup and Handle Bottom. Cup is strong reversal up after sell climax. Should form higher low pullback for handle and get 2nd leg sideways to up. CHD Cup and Handle Top. Cup is strong reversal down after buy climax. Should form lower high pullback for handle and get 2nd leg sideways to down. CHT Cup and Handle Top. Cup is strong reversal down after buy climax. Should form lower high pullback for handle and get 2nd leg sideways to down. CHU Cup and Handle Bottom. Cup is strong reversal up after sell climax. Should form higher low pullback for handle and get 2nd leg sideways to up. CLM Close of Last Month CLW Close of Last Week CLY Close of Last Year CM Close of Month CMB Confusion comes from there being both a reasonable reason to buy and to sell. Traders need more information, which means more bars so at least small trading range. Better to wait for 2nd signal up or down or for strong breakout. CNH Close Near High of bar, which means the upper third of range of bar CNL Close Near Low of bar, which means lower third of range 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 climaxes means several big bear bars closing near their lows with one or more pauses, and it usually leads to profit taking and about 2 legs sideways to up CT Countertrend, against the trend of the past several bars or even of the entire day CUPD Cup and Handle Bear Flag, which is a pullback after bear reversal CUPH Cup and Handle is a reversal and then a pullback CUPHD Cup and Handle Bear Flag, which is a pullback after bear reversal CUPHU Cup and Handle Bull Flag, which is a pullback after bull reversal CUPU Cup and Handle Bull Flag, which is a pullback after bull reversal 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, which is the neck line of the DB, and a measured move up DBBLF Double Bottom Bull Flag, so when bull buy signal bar, there is a 40% chance of a breakout above the recent swing high, which is the neck line of the DB, and a measured move up DBHL Double Bottom Higher Low is a double bottom where the 2nd low is higher DBL Disappointed Bulls bought within past few bars and are now disappointed by bars since their entry. Many will try to exit around their entry price. If enough bulls sell out of longs, there could be another leg down. DBLE Bulls who bought are disappointed by the bar not closing near its high and might exit below DBLGU Disappointed bulls are giving up and that created this Bear Surprise Bar DBLL Double Bottom Lower Low is a double bottom where the 2nd low is lower DBMTR Double Bottom Major Trend Reversal DBPB 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 DBR Disappointed Bears sold within past few bars and are now disappointed by bars since their entry. Many will try to exit around their entry price. If enough bears buy back their shorts, there could be another leg up. DBRE Bears who sold are disappointed that the bar did not close near its low and might exit above DBRGU Disappointed bears are giving up and that created this Bull Surprise Bar DBS Double Bottoms, or two consecutive bars with identical lows DBTC Disappointed Buy The Close Bulls DBTCBE Disappointed Buy The Close Bulls might sell their longs around the highest close to exit around breakeven DBTCBL Disappointed Buy The Close Bulls DBTCBLBE Disappointed Buy The Close Bulls might sell their longs around the highest close to exit around breakeven DBTCBLE Disappointed Buy The Close Bulls might sell their longs around the highest close to exit around breakeven 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. I replaced the term with Major Bear Surprise. 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. I replaced the term with Major Bull Surprise. 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 DSTCBE Disappointed Sell The Close Bears might buy back their shorts around the lowest close to exit around breakeven DSTCBR Disappointed Sell The Close Bears DSTCBRBE Disappointed Sell The Close Bears might buy back their shorts around the lowest close to exit around breakeven DSTCBRE Disappointed Sell The Close Bears might buy back their shorts around the lowest close to exit around breakeven 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, which is the neck line of the double top, and a measured move down. DTBRF Double Top Bear Flag, so when bear sell signal bar, there is a 40% chance of a breakout below the recent swing low, which is the neck line of the double top, and a measured move down. DTHH Double Top Higher High is a double top where the 2nd top is higher DTLH Double Top Lower High is a double top where the 2nd top is lower DTMTR Double Top Major Trend Reversal 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 DTR Day Trading Range DTS Double Tops DTTR Day tight trading range EB Entry Bar EBL Exhausted Bulls will probably take profits and wait for a couple legs sideways to down before buying again. Trading range likely soon. Bear trend reversal less likely. EBLT End of day Bull Trap EBR Exhausted Bears will probably take profits and wait for a couple legs sideways to up before buying again. Trading range likely soon. Bull trend reversal less likely. EBRT End of day Bear Trap EBS Entry Bars EBTC End of day Buy The Close bull trend EBX Exhaustive Buy Climax means the market went too far and too fast up to a resistance area so increased chance of end of strong bull trend and increased chance of trading range or reversal EG Exhaustion Gap, a gap at any kind at the end of a trend, just before a reversal. Only certain in hindsight. EGD Exhaustion Gap Down so likely profit taking and end of bear trend for at least 10 bars EGU Exhaustion Gap Up so likely profit taking and end of bull trend for at least 10 bars ELOM End of day Limit Order Market EMA 20 bar Exponential Moving Average EOD End of Day EOM End of Month EOQ End of Quarter EOW End of Week EOY End Of Year EP Endless Pullback EPB Endless PullBack EPBD Endless Pullback in a bull trend is a tight bear channel that becomes a Small Pullback Bear Trend, which never looks very bearish but can continue for hours. If there are consecutive big bear bars, there is often a measured move down. EPBU Endless Pullback in a bear trend is a tight bull channel that becomes a Small Pullback Bull Trend, which never looks very bullish but can continue for hours. If there are consecutive big bull bars, there is often a measured move up. EPD Endless Pullback in a bull trend is a tight bear channel that never looks very bearish but can continue for hours EPTG End of day Profit Taking so possible reversal EPU Endless Pullback in a bear trend is a tight bull channel that never looks very bullish but can continue for hours ES Emini ESP especially ESTC End of day Sell the Close bear trend ESX Exhaustive Sell Climax means the market went too far and too fast down to a support area so increased chance of end of strong bear trend and increased chance of trading range or reversal ET Expanding Triangle ETS Expanding Triangles F Fail, Failure, Failed FBLF Final Bull Flag is a trading range or triangle late is a bull trend, and a bull breakout has an increased chance of reversing back down into the trading range, or of starting a bear trend. FBO Failed BreakOut FBRF Final Bear Flag is a trading range or triangle late is a bear trend, and a bear breakout has an increased chance of reversing back up into the trading range, or of starting a bull trend. FD Failed FDM First trading day of the month FDW First trading day of the week FDY First trading day of the year FF Final Flag, usually a horizontal pattern after a trend. The breakout often fails and reverses FFS Final Flags FG Failing FOMC Federal Open Market Committee meeting and announcement 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. FOMCM Federal Open Market Committee minutes from most recent meeting 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 FWSR Today is Friday so weekly support and resistance can be important, especially in the final hour G Gap G2 A second entry on a gap setup GB Gap Bar GBS Gap Bars GD Gap Down GDD Gap down on the daily chart, which means today's open is below yesterday's low. GDM Gap down on the monthly chart, which means this month's open is below last month's low. GDP Gross Domestic Product rate of change GDW Gap down on the weekly chart, which means this week's open is below last week's low. GS Gaps GT Gap Test GU Gap Up GUB Give Up Bar, breakout that often leads to a swing GUD Gap up on the daily chart, which means today's open is above yesterday's high. GUM Gap up on the monthly chart, which means this month's open is above last month's high. GUW Gap up on the weekly chart, which means this week's open is above last week's high. GX Globex Session GX10 10 percent of days do not break out of Globex range. Traders look for reversal up from at or just above Globex low and reversal down from at or just below Globex high. GXH Globex High GXL Globex Low GXR Globex Range H High or High of Day H1 One legged pullback in a bull leg so bull flag. Usually Always In Long, but can be in strong minor reversal up in bear trend. H2 Two legged pullback in a bull move, but it can also be a 2nd reversal up from a selloff, so variation of a double bottom H3 Three legged pullback in a bull move, which usually means a wedge bull flag or a wedge bottom H4 High 4 bottom or bull flag, 4 legged bear channel, often consecutive High 2 pullbacks HB2 Higher Probability to Wait for 2nd Buy signal or a strong bull breakout, like a couple consecutive big bull bars closing near their highs, else need wide stop and better if can scale in lower HBLC Higher Probability to Wait to buy above Bull bar closing near its high HBRC Higher Probability to Wait to sell below Bear bar closing near its low HC Highest Close of the day or of swing up HCMA Highest close is magnet above since Buy The Close bulls who bought that close could not avoid a loss and expect test of highest close HD High of Day HH Higher High HHDT Higher High Double Top is a double top where the 2nd high is higher HHMTR Higher High Major Trend Reversal HHS Higher Highs HL Higher Low HLDB Higher Low Double Bottom is a double bottom where the 2nd low is higher HLH High of the last 60 minute bar HLM High of Last Month HLMTR Higher Low Major Trend Reversal 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 or a 2nd buy or sell signal HPW2B Higher Probability to Wait for 2nd Buy signal or a strong bull breakout, like a couple consecutive big bull bars closing near their highs HPW2S Higher Probability to Wait for 2nd Sell signal or a strong bear breakout, like a couple consecutive big bear bars closing near their lows HPWB2 Higher Probability to Wait for 2nd Buy signal or a strong bull breakout, like a couple consecutive big bull bars closing near their highs HPWBB2 Higher Probability to Wait for 2nd Buy signal or a strong bull breakout, like a couple consecutive big bull bars closing near their highs HPWBH2 Higher Probability to Wait to Buy High 2 or High 3 Pullback since at least small 2nd leg sideways to down likely HPWBL Higher Probability to Wait to buy above Bull bar closing near its high HPWBLC Higher Probability to Wait to buy above Bull bar closing near its high HPWBPB Higher Probability to Wait to Buy pullback than to continue to buy closes HPWBR Higher Probability to Wait to sell below Bear bar closing near its low HPWBRC Higher Probability to Wait to sell below Bear bar closing near its low HPWF Higher Probability to Wait for a breakout and Follow-through HPWFT Higher Probability to Wait for a breakout and Follow-through HPWS2 Higher Probability to Wait for 2nd Sell signal or a strong bear breakout, like a couple consecutive big bear bars closing near their lows HPWSL2 Higher Probability to Wait to Sell Low 2 or Low 3 since at least small 2nd leg sideways to up likely HPWSPB Higher Probability to Wait to Sell pullback (bounce) than to continue to sell closes HPWSS Higher Probability if you can use a Wide Stop and Scale in, whether you swing or scalp HPWSS2 Higher Probability to Wait for 2nd Sell signal or a strong bear breakout, like a couple consecutive big bear bars closing near their lows HR Higher HRP Higher Probability HRTR Higher trading range in Trending Trading Range Day HS Highs HS2 Higher Probability to Wait for 2nd Sell signal or a strong bear breakout, like a couple consecutive big bear bars closing near their lows, else need wide stop and better if can scale in higher 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, for example, a 60 min chart compared to a 5 min HTFS Higher Time Frames, for example, a 60 min chart compared to a 5 min HTY High of This Year HW High of Week HWPFT Higher Probability to Wait for a breakout and Follow-through HY High of Yesterday HYR High of Year 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 IBD Inside bar on daily chart, 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 IBM Inside bar on monthly chart, 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 IBW Inside bar on weekly chart, 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, its low is above low of prior bar and its high is below high of prior bar IDD Inside Day, its low is above low of prior bar and its high is below high of prior bar ii Consecutive inside bars, Breakout Mode, so both buy and sell signal iii Three inside bars in a row, Breakout Mode, so both buy and sell signal iiii Four consecutive inside bars, Breakout Mode, so both buy and sell signal IMP Important ioi Outside bar surrounded by Inside bars IOII Consecutive inside bars after an outside bar, Breakout Mode setup so both buy and sell signal bar IR Initial Risk L Low or Low of Day L1 One legged pullback in a bear leg so bear flag. Usually Always In Short, but can be in strong minor reversal down in bull trend. L1=2 Leg 1 equals Leg 2 Measureed Move L2 Two legged PullBack in a bear move, but it can also be a 2nd reversal down from a rally, so variation of a double top L3 Three legged PullBack in a bear move, which usually means a wedge bear flag or a wedge top L4 Low 4 top or bear flag, 4 legged bull channel, often consecutive Low 2 pullbacks 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, which increases chance of trading range LBLMM Limit order Bull scalpers have been making Money, which increases chance of trading range LBLNM Limit order Bull scalpers have Not been making Money and therefore selling is low probability and better to only look to sell 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, which increases chance of trading range LBRMM Limit order Bear scalpers have been making Money, which increases chance of trading range LBRNM Limit order Bear scalpers have Not been making Money and therefore selling is low probability and better to only buy LBRSA Limit order Bears will sell Above and scale in higher LC Lowest Close of the day or of swing down LCMB Highest close is magnet above since Sell The Close bears who sold that close could not avoid a loss and expect test of lowest close LD Low of Day LDL Low of Limit Down move LDM Last trading day of the month. In final hour, algorithms for test of monthly support or resistance can take control and create big move up or down, ignoring everything from earlier in day. LDQ Last trading day of quarter. Increased chance of bull trend from institutional window dressing. In final hour, algorithms for test of monthly support or resistance can take control and create big move up or down, ignoring everything from earlier in day. LDW Last trading day of the week. In final hour, algorithms for test of weekly support or resistance can take control and create big move up or down, ignoring everything from earlier in day. LDY Last trading day of the year. In final hour, algorithms for test of yearly support or resistance can take control and create big move up or down, ignoring everything from earlier in day. 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 LHDT Lower High Double Top is a double top where the 2nd top is lower LHMTR Lower High Major Trend Reversal 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 LLDB Lower Low Double Bottom is a double bottom where the 2nd low is lower LLH Low of the last 60 minute bar LLM Low of Last Month LLMTR Lower Low Major Trend Reversal 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 LLY Low of last year LM Low of Month LMY Last Month of the Year LO Limit order or orders 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 LOBLM Limit order Bull scalpers have been making Money, which increases chance of trading range LOBLNM Limit order Bull scalpers have not been making Money and therefore selling is low probability and better to only sell LOBR Limit Order Bears, which means bears selling with limit orders, betting on a reversal down instead of a bull breakout LOBRM Limit order Bear scalpers have been making Money, which increases chance of trading range LOBRNM Limit order Bear scalpers have not been making Money and therefore selling is low probability and better to only buy 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 LPBSH Low probability buy so buy small position and buy more higher LPS Low Probability Short, probably buyers below, and sideways more likely than down LPSSL Low probability sell so sell small position and sell more lower LR Lower LRB Lower risk to buy pullback or wait for Buy The Close and use stop about 1 point below prior bar LRP Lower Probability LRPB Lower probability buy LRPS Lower probability sell LRS Lower risk to sell pullback (a bounce) or wait for Sell The Close and use stop about 1 point above prior bar LRTR Lower trading range in Trending Trading Range Day LS Lows LTR Lower Trading Range LTRTTRD Lower trading range in Trending Trading Range Day LTY Low of This Year LW Low of Week LWM Last Week of the Month LWY Last Week of the Year LY Low of Yesterday LYR Low of Year MA Moving Average. Assume 20 bar EMA unless I say otherwise. MABL99 99.5% chance of at least 3 bars with low at least 1 tick below Moving Average at some point today MABL99.5 99.5% chance of at least 3 bars with low at least 1 tick below Moving Average at some point today MABR99 99.5% chance of at least 3 bars with high at least 1 tick above 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 MBLS Major Bull 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 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 MBRS Major Bear 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 MC Microchannel MCH MicroChannel MD Middle third of the day from 9:30 or 10 am PST to 11:30 often enters tight trading range and becomes Limit Order Market so failed breakouts are common MDB Micro Double Bottom MDBS Micro Double Bottoms MDR Midday reversal is a reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to opposite trend for rest of day MDRD Midday reversal down is a bear trend reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to bear trend for rest of day MDRU Midday reversal up is a bull trend reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to bull trend for rest of day MDRV Midday reversal is a reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to opposite trend for rest of day MDRVD Midday reversal down is a bear trend reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to bear trend for rest of day MDRVU Midday reversal up is a bull trend reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to bull trend for rest of day 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. MHH Major Higher High MHL Major Higher Low MIN Minimum or Minutes MKT market MLH Major Lower High MLL Major Lower Low MM Measured Move MMD Measured Move Down MMS Measured Moves MMT Measured Move Target MMTA Measured Move Target or Targets Above MMTB Measured Move Target or Targets Below MMTG Measured Move Target MMTGA Measured Move Target or Targets Above MMTGB Measured Move Target or Targets 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 MPD Midpoint of the day's range is often a magnet, especially at the end of the day MPM Midpoint of the month's range is often a magnet at the end of the month MPW Midpoint of the week's range is often a magnet at the end of the week MRD Minor Reversal Down so bull flag or bear leg in trading range more likely than bear trend. Switch to scalp if disappointed by weak reversal. MRLD Most Recent Leg Down MRLU Most Recent Leg Up MRU Minor Reversal Up so bear flag or bull leg in trading range more likely than bull trend. Wait or swing trade. Switch to scalp if disappointed by weak reversal. MRV Minor Trend Reversal so trading range or pullback more likely than opposite trend. Wait or swing trade. Switch to scalp if disappointed by weak reversal. MRVD Minor Reversal Down so bull flag or bear leg in trading range more likely than bear trend. Wait or swing trade. Switch to scalp if disappointed by weak reversal. MRVU Minor Reversal Up so bear flag or bull leg in trading range more likely than bull trend. Wait or swing trade. Switch to scalp if disappointed buy weak reversal. MTB Micro Triple Bottom MTCL Micro Trend Channel Line MTD Middle third of the day from 9:30 or 10 am PST to 11:30 often enters tight trading range and becomes Limit Order Market so failed breakouts are common MTL Micro Trend Line MTR Major Trend Reversal MTRS Major Trend Reversals MTT Micro Triple Top MTTR Month tight trading range 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 NFTD Bar after bear breakout is the follow through bar and if it is bear bar then lower prices likely, but if bull bar closing on its high, then possible failed breakout and bear trap NFTU Bar after bull breakout is the follow through bar and if it is bull bar then higher prices likely, but if bear bar closing near its low, then possible failed breakout and bull trap NG Negative Gap, pullback overlaps the breakout point but still can get measured move NH2 Nested High 2 buy signal means that the 2nd leg down subdivided into a smaller High 2 buy signal, which increases the probability of a reversal up if the buy signal bar is a bull bar closing near its high NHEP Not High Enough Probability unless swing stop and scale in NHP Not High Probability NHSB Nested Head and Shoulders Bottom means right shoulder is smaller head and shoulders bottom NHST Nested Head and Shoulders Top means right shoulder is smaller head and shoulders top NL NeckLine NL2 Nested Low 2 sell signal means that the 2nd leg up subdivided into a smaller Low 2 sell signal, which increases the probability of a reversal down if the sell signal bar is a bear bar closing near its low NMI Need More Information because both bulls and bears are balanced. The probability is about 50-50 and the risk-reward might not be good because of possible trading range. More information means more bars. 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 stop entry traders to scalp, but reward can be big enough compared to risk to offset low probability so ok swing trade. Most often will not get strong move, and disappointed traders will scalp out. NSBSB Need Strong Buy Signal Bar, which means a body that is more than 2 ticks and a close near the high of the bar NSS Not high enough probability for Scalp, not enough time or room for Swing, better to wait NSSSB Need Strong Sell Signal Bar, which means a body that is more than 2 ticks and a close near the low of the bar NTMABL 99.5% chance of at least 3 bars with low at least 1 tick below Moving Average at some point today NTMABR 99.5% chance of at least 3 bars with high at least 1 tick above Moving Average at some point today NTS Not enough time to swing or to scale in with limit orders NW Nested Wedge, 3rd leg is smaller wedge NWS Need Wide Stop, which requires a smaller position size, or wait for a 2nd signal or a strong breakout. Some experienced traders scale in, allowing for one or two more legs against them. NWSS Need Wide Stop, which requires a smaller position size, or wait for a 2nd signal or a strong breakout. Experienced traders often scale in. 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, which means its high is at or above the high of the prior bar and its low is at or below the low of the prior bar and its close is below the open ODC Outside down bar that closed near its low and at or below low of prior bar, which increases chance of lower prices ODD Outside Down Day, which means a reversal down from above yesterdays high to below yesterdays low ODM Outside Down Month, which means a reversal down from above last months high to below last months low ODW Outside Down Week, which means a reversal down from above last weeks high to below last week low ODY Outside Down Year, which means a reversal down from above last years high to below last years 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 OK Okay OKW Okay to wait for higher probability or better risk-reward OL OverLap OLB Overlapping Bars, when several bars are sideways and mostly overlap each other, there is a tight trading range and traders prefer to enter on pullbacks or with limit orders; those who enter with stops need wide protective stops and many will scale in 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, so both Buy and Sell signal. In a bull trend, it can be top or bull flag. In a bear trend, it can be bottom or bear flag OOD Open of Day OODM Open Of Day in Middle 3rd of range, and it is magnet in trading range day OOH Open of the hour 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 bars a bear bar. OOOO 4 consecutive outside bars, Breakout Mode. In a bull trend, may be a top if the 4th bar is a bear bar or a bull flag if the 4th bar is a bull bar. In a bear trend, it can be a bottom if the 4th bar is a bull bar or a bear flag if the 4th bars 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 ORVD Opening Reversal Down ORVU Opening Reversal Up OSC Oscillating or oscillate, which means reverse several times around an important price 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, which means its high is at or above the high of the prior bar and its low is at or below the low of the prior bar and its close is above the open OUC Outside up bar that closed near its high and at or above high of prior bar, which increases chance of higher prices OUD Outside Up Day, which means a reversal up from below yesterdays low to above yesterdays high OUM Outside Up Month, which means a reversal up from below last months low to above last months high OUW Outside Up Week, which means a reversal up from below last weeks low to above last weeks high OUY Outside Up Year, which means a reversal up from below last years low to above last years high OW Open of Week OY Open of Yesterday P Probability PA Price Action PB Pullback PBA Probably Buyers Above PBB Probably Buyers Below PBNFB Probably buyers not far below bar and low of leg since weak sell setup 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 PMBRTSR Possible more buyers than sellers below PMPT pm Pacific Time Zone PMSRTBR Possibly more sellers than buyers above PNMH Probably not much higher before stops going up for 10 or more bars PNML Probably not much lower before stops going down for 10 or more bars POMLDW Possibly one more leg down to a wedge bottom POMLUW Possibly one more leg up to a wedge top POSS Possibly or possible PP Probably or probable PPH PPH is Pre Pandemic High from Feb 2020 at around 3300 PPL PPL is Pre Pandemic Low from March 2020 at around 2100 PROB Probably or probable PS Possibly or possible PSA Probably Sellers Above PSB Probably Sellers Below PSNFA Probably sellers not far above bar and high of leg since weak buy setup PST Pacific Standard Time PSX Parabolic Sell Climax PT Profit Target PTG Profit Taking PTR Profit Takers PTRS Profit Takers PTS points PTZ Profit Taking Zone so trend might pause or have minor reversal here or soon 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. A bar with tail on top and close below midpoint is bear reversal bar. A bar with tail below and close above midpoint is bull 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 RBTC Reasonable to buy the close and it is a magnet because many bulls who bought will buy more lower, expecting to exit breakeven on 1st buy and with a profit on lower buy. RD Reversal Day RDU Reversal Down and Up after first bar so breakout mode REV Reversal or reversals REVD Reversal Down REVDU Reversal or Reversals Down and Up REVS Reversals REVU Reversal Up REVUD Reversal or Reversals Up and Down RHSB Right shoulder of a Head and Shoulders Bottom 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 RSA Resistance above 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 RSTC Reasonable to sell the close and it is a magnet because many bears who sold will sell more higher, expecting to exit breakeven on 1st sell and with a profit on higher sell. RSZ Resistance Zone is a area where there are 2 or more resistance levels near one another. Traders often start to take profits, which can create a pullback or reversal. RUD Reversal Up and Down after first bar so breakout mode RV Reversal RVBD Reversal Bar with tail on top and close below midpoint so sell signal bar if context is good. RVBU Reversal Bar with tail on bottom and close above midpoint so buy signal bar if context is good. RVD Reversal Down RVDU Reversal or Reversals Down and Up RVS Reversals RVU Reversal Up RVUD Reversal or Reversals Up and Down S Sell or Short, depending on context S2 Weak Trader's Equation so most should wait for higher probability, like 2nd sell signal or a couple consecutive big bear bars closing near their lows. Else need big reward to offset low probability. Some will use wide stop and scale in. 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 Surprisingly big bear bar or bars closing near their lows, 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, which means big bull body and close near high SBLBO Small Bull Breakout, at least small second leg up is likely after 1-3 bar pullback, which are attempts to reverse down SBLBOF Small Bull Breakout might fail since follow-through bar is bear bar closing near its low, so possible bull trap and reversal down SBLM Stop order Bulls making Money in bear leg so sideways to up soon SBLMP Average entry price for scale in bulls who bought the highest close, held long despite the pullback, and bought more with a stop order above a bull bar closing near its high. Some with exit here breakeven, so resistance. 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, which means big bear body and close near low SBRBO Small Bear Breakout, at least small second leg down is likely after 1-3 bar pullback (bounce). The bounce is attempt to reverse up SBRBOF Small Bear Breakout might fail since follow-through bar is bull bar closing near its high so possible bear trap and reversal up SBRM Stop order Bears making Money in bull leg so sideways to down soon SBRMP Average entry price for scale in bears who sold the lowest close, held short despite the bounce, and sold more with a stop order below a bear bar closing near its low. Some with exit breakeven here, so support. SBS Signal Bars SBSB Small Buy Signal Bar means small risk, which means low probability, so need wide stop that is at least a measured move below based on the height of the bar. SBU Surprisingly big bull bar or bars closing near their highs, 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 SCBL Spike and Channel Bull Trend, which is a bull breakout followed by a pullback and then at least 2 additional legs up, often in a wedge top SCBR Spike and Channel Bear Trend, which is a bear breakout followed by a pullback and then at least 2 additional legs down, often in a wedge bottom SCD Spike and Channel Bear Trend, which is a bear breakout followed by a pullback and then at least 2 additional legs down, often in a wedge bottom SCS Swing stop, but scale in, then scalp or swing SCT Spike and Channel Trend is a breakout followed by a pullback and then at least 2 more legs in a channel, which often has a wedge shape SCTD Spike and Channel Trend Down, which is a bear breakout followed by a pullback and then at least 2 additional legs down, often in a wedge bottom SCTU Spike and Channel Trend Down, which is a bull breakout followed by a pullback and then at least 2 additional legs up, often in a wedge top SCU Spike and Channel Bull Trend, which is a bull breakout followed by a pullback and then at least 2 additional legs up, often in a wedge top SCX Spike and climax type of spike and channel SD Sideways to Down, or Sold, depending on context 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 SHORTDAY I will stop talking and typing at 9 am today, but I will return at 1 pm for a summary and questions SHS Swing Highs SIBL Scale In Bulls buy and buy more lower with stop orders and limit orders, and usually scalp SIBR Scale In Bears sell and sell more higher with stop orders and limit orders, and usually scalp SL Swing Low SLS Swing Lows SMD Small Day SNFA Probably sellers not far above 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 or Support Below, depending on context SPBL Small PullBack Bull trend. Most pullbacks are small and only last 1 or 2 bars. Probably buyers below prior bar. SPBLM 99.5% chance of at least 3 bars with low at least 1 tick below Moving Average at some point today. Can get there by going sideways or down. Usually then get attempt at new high. SPBLNBO Small Pullback Bull Trend but lacks strong bull breakouts so probably will have at least an hour of sideways to down trading at some point. SPBLT Small PullBack Bull trend. Most pullbacks are small and only last 1 or 2 bars. Probably buyers below prior bar. SPBR Small PullBack Bear trend. Most pullbacks are small and only last 1 or 2 bars. Probably sellers above prior bar. SPBRM 99.5% chance of at least 3 bars with high at least 1 tick above Moving Average at some point today. Can get there by going sideways or up. Usually then get attempt at new low. SPBRNBO Small Pullback Bear Trend but lacks strong bear breakouts so probably will have at least an hour of sideways to up trading at some point. SPBRT Small PullBack Bear trend. Most pullbacks are small and only last 1 or 2 bars. Probably sellers above prior bar. SPBTD Small PullBack Trend Day SPWCHD Spike and parabolic wedge down so probably bounce soon SPWCHU Spike and parabolic wedge up so probably PB soon SPWD Spike and parabolic wedge down so probably bounce soon SPWU Spike and parabolic wedge up so probably PB soon SPZ Support Zone is a area where there are 2 or more support levels near one another. Traders often start to take profits, which can create a pullback (bounce) or reversal. SR Support and-or Resistance, depending on context SRB Probably sellers below SRS Sellers SS Sell Signal SS2 Weak Trader's Equation so higher probability to wait for a 2nd sell signal or for a strong bear breakout, which means 2 or 3 bear bars closing near their lows; or, need wide stop and better if can scale in. SSA Weak sell setup, but okay to sell small position and add to position if continues down SSB Sell Signal Bar SSBC Sell Signal Bar Closing Near Its L SSBD Sell Signal Bar on Daily chart SSBM Sell Signal Bar on Monthly chart SSBW Sell Signal Bar on Weekly chart SSNS Ok Swing Sell, but Not high enough probability for a Scalp SSS Swing Stop even if Scalping SSSB Small Sell Signal Bar means small risk, which means low probability, so need wide stop that is at least a measured move above based on the height of the bar. 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 Traders Equation STF Shorter Time Frame, for example, a 1 min chart compared to a 5 min STFS Shorter Time Frames, for example, a 1 min chart compared to a 5 min STL Sell The Low bear trend is a series of bear bars closing near their lows, and bears will sell with a stop 1 tick below the low of the prior bar, and exit above a bull bar closing above its midpoint or 1 - 2 points above any bar STM Sell The Market, strong bear trend so many bears will sell with market orders as well as with stop orders below bear bars closing near their lows SU Sideways to Up SV Sell Vacuum test of support SVT 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, one or more big bear bars closing near their lows SXH Sell Climax High, high of sell climax bar or bars SXL Sell Climax Low, Low of sell climax bar or bars SXS Sell Climaxes SZ Sell Zone, an area where traders will look to sell 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 TBL Trapped bulls, they will have to sell to minimize their loss, increasing chance of lower prices TBLB Tick Bull Body TBLC Tight Bull Channel TBLCH Tight Bull Channel TBR Trapped bears, they will have to buy to minimize their loss, increasing chance of higher prices 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 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 TCOL Tight channel but lots of overlapping bars, reversals, and prominent tails so more limit order trading, despite trend TD Trend Day or Days TDDIV Tick Double Divergence on one minute chart TDIV Tick Divergence on one minute chart TE Traders Equation, which means 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 TFTFD Too Far, Too Fast Down means at least a couple legs down with unusually big bear bars closing near their lows. This often is a race to support and often leads to exhausted bears and a trading range, and sometimes a parabolic wedge bottom and reversal. TFTFU Too Far, Too Fast Up means at least a couple legs up with unusually big bull bars closing near their highs. This often is a race to resistance an often leads to exhausted bulls and a trading range, and sometimes a parabolic wedge top and reversal. TFWSR Today is Friday so weekly support and resistance can be important, especially in the final hour 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 TREVD Trend Reversal Down TREVU Trend Reversal Up 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. 50% chance breakout up or down, and 50% chance 1st breakout fails, Breakout Mode TRIE Expanding triangle means 5 or more reversals in a trading range 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 means 2 or more reversals in 1st hour. Usually 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. TRP Trap, which is a breakout that abruptly reverses, trapping trend traders into a bad trade. 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 TS TradeStation TSC Today is a short chat day, with me stopping talking and typing at 9 am Pacific Time, and resuming with my end of the day talk at 1 pm TST Two-Sided Trading TT Triple Top TTR Tight Trading Range, limit order market, which means probably buyers below and sellers above, and both are entering with limit orders and scalping. That means bad for stop orders and swing traders. 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 Probability 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 TWB Truncated Wedge Bottom, third leg down did not fall below second TWD Truncated Wedge Down, third leg down did not fall below second TWT Truncated Wedge top, third leg up did not go above second TWU Truncated Wedge Up, third leg up did not go above second TY 10 Year U.S. Treasury Notes Futures UD Up and or Down UTR Upper Trading Range UTRTTRD Upper range in Trending Trading Range Day. VB V Bottom which means a strong reversal up from a sell climax without first forming some kind of a double bottom VOL Volume VT V Top which means a strong reversal down from a buy climax without first forming some kind of a double top 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 Only take the trade if you can use a Wide Stop, and higher probability if can trade small and Scale in WT Wedge Top WTB Better to Wait to Buy WTE Weak Traders Equation WTS Better to Wait to Sell WTTR week tight trading range X Climax XA Bears exit above, but not strong buy signal XB Bulls exit below, but not a strong sell signal XBL Bulls exit below, but not a strong sell signal XBR Bears exit above, but not strong buy signal XS Climaxes Y Yesterday Y2 High of Yesterday 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 around end of 2nd hour YH Yesterday was a holiday. TradeStation often shows yesterday's shortened day trading on both the daily and 5 min charts for the 1st 2 hours, then removes it. YODD Yesterday was outside down day. Increased chance today will have a lot of overlap with yesterday's range, and often forms an inside day. That is ioi Breakout Mode pattern. Probably sellers around yesterday's high and buyers around yesterday's low. YOUD Yesterday was outside up day. Increased chance today will have a lot of overlap with yesterday's range, and often forms an inside day. That is ioi Breakout Mode pattern. Probably sellers around yesterday's high and buyers around yesterday's low. YR Yesterday's range 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 around end of 2nd hour YTR Yesterday's trading range YTRD Yesterday was a trading range day and today is opening within range of yesterday, increasing the chance of more trading range trading today.