I know I posted this earlier in this thread somewhere, but I know it is lengthy, so here is it again:
Radar--It's in clear view. The obstacles are out of the way, and we are headed there.
Trifecta--When the daily, weekly, and monthly charts are all lining up.
North--Referring to when the pair is headed up.
South--Referring to when the pair is headed down.
East--Referring to when the pair is headed sideways.
Scenic route--When a market makes it to a forecasted point, but in a roundabout way.
Taking the local--It was slow moving to the destination, but the market made it.
Taking the express--We got to the final destination in a hurry.
Apex--The crossing of 2 trendlines.
Containment--That level should be where price stops. It will go no further.
Cluster support or resistance--Different form of S or R found in one place.
Ears popping--When the candle is flying too high above the cloud, so it is due to reverse.
Abyss--Candle is traveling to far under the cloud, so it is due to reverse.
Nuggets--Something special to pay close attention to.
Decision point--A point where it has not been determined if the market will move in the same direction, or reverse.It is a point that usually results in a strong move, one way or the other.
Reaction--When price gets to that point, wait to see how price reacts. It most likely means you can make pips going the contrarian direction, but don't count on the reversal being permanent.
Spike--This is a move that happens at a support or resistance area where the wick of the candle is very noticeable on the other side, but the close is at that level.
Volatility--Action when the candles seem to have no direction, and large wicks will usually accompany them.
W,M.Y, 1,2,3, R,S. Those are all acronyms referring to my S&R's. For example, if I refer to the MS2, I am referring to the 2nd support of the month.
Reference points--They are the actual points in my S&R's
Radar--It's in clear view. The obstacles are out of the way, and we are headed there.
Trifecta--When the daily, weekly, and monthly charts are all lining up.
North--Referring to when the pair is headed up.
South--Referring to when the pair is headed down.
East--Referring to when the pair is headed sideways.
Scenic route--When a market makes it to a forecasted point, but in a roundabout way.
Taking the local--It was slow moving to the destination, but the market made it.
Taking the express--We got to the final destination in a hurry.
Apex--The crossing of 2 trendlines.
Containment--That level should be where price stops. It will go no further.
Cluster support or resistance--Different form of S or R found in one place.
Ears popping--When the candle is flying too high above the cloud, so it is due to reverse.
Abyss--Candle is traveling to far under the cloud, so it is due to reverse.
Nuggets--Something special to pay close attention to.
Decision point--A point where it has not been determined if the market will move in the same direction, or reverse.It is a point that usually results in a strong move, one way or the other.
Reaction--When price gets to that point, wait to see how price reacts. It most likely means you can make pips going the contrarian direction, but don't count on the reversal being permanent.
Spike--This is a move that happens at a support or resistance area where the wick of the candle is very noticeable on the other side, but the close is at that level.
Volatility--Action when the candles seem to have no direction, and large wicks will usually accompany them.
W,M.Y, 1,2,3, R,S. Those are all acronyms referring to my S&R's. For example, if I refer to the MS2, I am referring to the 2nd support of the month.
Reference points--They are the actual points in my S&R's
