Key to the course abbreviations and acronyms

This chapter shows a brief listing of the most used course abbreviations and acronyms. Most of them are universally used in other web sites and books, even when regarding other methods.

P = Price
S = Support
R = Resistance
RET = RETracement
RT = ReTest
M = Monthly
W = Weekly
D = Daily
TL = Trend Line
PB = Pin Bar (not necessarily the canon James16 pin bar)
IPB = Inverse Pin Bar
BEOB / BUOB = BEarish Outside Bar / BUllish Outside Bar
DBHLC / DBLHC = Double Bar High Lower Close / Double Bar Low Higher Close
TBH / TBH = Double Bar High / Double Bar Low
IB = Inside Bar
RM = Range Market
DT = Double Top
DB = Double Bottom
H&S = Head and Shoulders
NCA = Not Closed Above
NCB = Not Closed Below
PA = Price Action
TF = Time Frame
(B)RN = (Big) Round Number
Fibo = Fibonacci
CT = Counter Trend
MM = Money Management
TT = Touch Trade
TP = Take Profit
SL = Stop Loss
TG = Target
BE = Break Even
WPD = What Price Does
WPG = Where Price Goes
PTT = Plan The Trade
TTP = Trade The Plan
O = Open
C = Close
SW = Swing
HH = Higher High (swing)
HL = Higher Low (swing)
LH = Lower High (swing)
LL = Lower Low (swing)
WPD + WPG method = the trading method covered by this course
PAM = Price Action Method = variation of the trading method used to trade BRNs
DM = Daily Method = variation of the trading method used to trade on shorter term, from S to R and vice versa

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Definitioner

1 (OHLC)

Open, High, Low, Close (and sometimes Volume) data, is a finance industry standards format used to represent price evolution during a certain period of time (daily, weekly, hourly...). OHLC data are consumed by financial analysis applications and by charting software to represent price action.

1 (audit)

The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product.

1 (Meta game)

Meta gaming is a broad term usually used to define any strategy, action or method used in a game which transcends a prescribed ruleset, uses external factors to affect the game, or goes beyond the supposed limits or environment set by the game. Another definition refers to the game universe outside of the game itself.

1 (emergent)

Emergent gameplay refers to complex situations in video games, board games, or table top role-playing games that emerge from the interaction of relatively simple game mechanics.

1 (sandbox)

A sandbox game is a type of video game design where a player can roam freely through a virtual world and is given considerable freedom in choosing how or when to approach objectives. Sandbox emphasises a paradigm where, as in a physical sandbox, the user is entertained by his ability to do as they wish creatively and with there being "no right way" of playing the game

1 (discretionary)

A discretionary method is a trading method where little or no mechanical tools and procedures are used to decide the trades. A discretionary trader applies a solid ruleset basing on a flexible interpretation of the market

1 (PLEX)

A Pilot License Extension (PLEX) is an item that adds 30 days of game time to an EvE Online account. It is freely traded like any other in game item. CCP accepts to convert in game PLEXES to real money in case disasters and emergencies happen.

1 (NEISIN)

A New Eden Interstellar Securities Identification Number (NEISIN) uniquely identifies a security. While its structure is identical and strictly compliant with "real life" ISINs, NEISINs are tailored to New Eden investments and contracts.

Comments

Azerith says
17 June 2012 at 06:13

Reading your site after finding you in MD, gave Emini’s a shot a few years back, 20k down the drain. looking at trading for my corp, and want to do it again, what you have here is solid truth! cant wait to read more. Thank you so very much for sharing this info, it really is invaluable.

Key to the course abbreviations and acronyms

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