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-

 
FIBZ
FTS - Fib Trend Supp= 38.2%  Ret from Given High
FTR  -Fib Trend Rez  = 38.2%  Bounce  from 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
            above or below Can flip trend and may resolve
            F.I.C thus Clearing way for cleaner set up
===============================================
PDH  PREVIOUS DAY HIGH
PDL   PREVIOUS DAY LOW
PWH/PWL    WEEK
PMH/PML    MONTH
-----------------------------------------------------
PDV   PREVIOUS DAY VWAP
PWV/PMV  WEEK/MONTH
-----------------------------------------------------
PDO  PREV DAY OPEN
PDC   PREV  DAY CLOSE
PWO/PWC  WEEK
PMO/PMC   MONTH
---------------------------------------------------------
ORB   OPEN RANGE BAR(CANDLE)
30/60 is what I prefer
** Its good to mark this Open Rannge
  I use a Box. Also I've used 'Price lev Lines
    or Alert Lines
OBG   OPEN BODY GAP-
   With Open Body Gap, U are more focused on the
    Body Close on Bar, as opposed to Using the Wik
     Length to consider a Gap ''Filled'
---------------------------------------------------------------
 GZF   GAP ZONE FILL
    With GZF, U are focused on any activity that enters the
    Gap Zone and Taps the top or bottom, But the body
    of the bar does not have to close above/ or below,
    it only has to Tap the top or bottom of Wick-
       So it's Wik 2 Wik , not body 2 body.
*** I prefer,and only considered a True Gap Fill when
        the  BODY closes, nullifying the Gap.

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