Abbreviations and Short Forms
By LawrencePlease add your abbreviations and short descriptions here so that I can better organize them over time.
This way, newcomers can understand our lingos better.
On a second thought, I will assign someone to handle the organization. =P
Comments
Here are some I have used – based on MP or Market Profile
IB = Initial Balance (RTH First hour range)
VAL = Value Area Low
VAH = Value Area High
POC = Point of Control
VPOC = Virgin POC (POC level that has not been traded since). Some use this for signify Volume POC
RE = Range Expansion
Some short form that I pickup from our daily discussion.
ORL = opening range high
ORH = opening range low
What is PAL and PAH?
PAH = ES RTH high by 11 am
PAL = ES RTH low by 11 am
It is a term invented by SS. =)
PVL = previous day’s low
PVH = previous day’s high
BO = breakout
FBO = failed breakout out
TL = trendline
HH= higher high
LL= lower low
HL = higher low
LH= lower high
Pardon my french, but what is a dirty bottom? =)
It is a term suggested by miniflowtrader and somehow we stick to the term since.
Dirty Bottoms are bottoms resulted from chart formations that are usually continuation patterns to the downside.
For example, a bear flag that suddenly turn to the upside violently instead of a push back down to retest the swing low that started the bear flag.
Such bottoms are dirty – they are created from squeeze on the shorts as oppose to a flush of the weak longs.
Often these bottoms will be retested once the squeeze is over, and no new longs are willing to jump onto the boat.
Light up = reduce open position size
as in reduce weight/load
Pizza money = scratching a trade for a tick or 2 “profit”