Trading Abbreviations, Acronyms, and Terms Explained
A user posted a comment in a previous post asking if I could explain the abbreviations and terms that I use in my posts, which I completely understand. And that's the goal of this post, to thoroughly explain the abbreviations, acronyms, and terms that I use on a daily basis. If you think I missed something or if there's a term you'd like me to explain in more detail, please let me know in the comments section below! Trend Consists of higher highs and higher lows (bull trend) or lower highs and lower lows (bear trend). Trading range Consists of sideways price action, big up, big down, failed breakouts, and big confusion. Channel A channel is synonymous with a trend. For example, a bull channel is a bull trend. Trend bar A trend bar either closes above its open (bull trend bar) or below its open (bear trend bar). Doji bar A doji bar opens then closes near its open (one bar trading range).