** Technical Projections include combinations of Custom Fibanocci Retracements, Mathematical Measured moves, Open Body Gap Theory and may reference most respected Moving Averages.****DISCLAIMER- These are meant for reference purposes.They are NOT Buy/Sell recommendations or the opinions of anyone I am associated with through employment.
Sunday, January 24, 2016
BP's LINGO LEGEND
Because there are always newcomers looking to learn and trade(well, I look to learn everyday,Always a Student of the Mkt) #StayHumble But these r just sum quik abbreviations I and others use because typing full out in chat can impede trading.
* notice i didnt say ''newbie'' i have respect for All that dare to venture into Trading,and wish them well, and hope I can help**
I put together Ref Sheet. as too much typing intraday is a negative-
FTS - Fib Trend Supp= 38.2%Ret from Given High
Trend Rez= 38.2%Bouncefrom Recent Low
FIC-Fibz in Conflict , When a longer term draw Up/Down
Has Shorter or New Draw in Conflict-
** Choppy area,Not a Clean Set up
FIBVOT(the 'B' is Silent, 8^))
= the 61.8% Rez ,Where as a Bar Close
per time frame