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Typing a gazillion words a day, in our trading group and Bluesky posts plus many many emails etc. has necessitated a lot of abbreviations. The fine peeps in our trading group know all of these but I thought I should summarise the key ones here, for my Bluesky followers: - AC - Acceleration Correction
ACH – Anything Can Happen ADR – Average Daily Range. I tend to use a 5-day average to identify what price magnets are in reach for the day. ADR T/B – top/bottom ATH – All Time High ATM – Advanced Trade Manager Be/Bu – Bearish / Bullish CIM – Correction Inside Momentum DODC - Day Open Day Close, usually refers to the gap between them DR/UR - Downside/Upside Rejection: a relatively large lower/upper wick. I don’t like the term ‘Pin Bars’ very much, preferring to call it what it is. EOD - End of Day eWH – eWavesHarmonics FE – Fib’ Expansion (Fib Ext for Extension) FTGs – Friendly Trading Gods, if the PA is good, or replace the ‘Friendly’ with a common expletive also beginning with F, if the PA is bad. The Trading Gods are the mythical movers of price. FO - Frankfurt Open (can refer to the time or opening price) FVG – Fair Value Gap. Gap Abbreviations: KS - Kick Start; EX - exhaustion; MO - Momentum; ME - Measuring. GFE – Golden Fib’ Expansion: where, for example, an ABC projection aligns with a Fib’ retrace of 50 or 61.8%. We use the ABC123 indi (an add-on for eWH) to automatically plot the corrective/impulsive Fib’ projections. GZ - Golden Zone: the 50 / 62% retracement area IB - Inside Bar LO - London Open (can refer to the time or opening price) MF – Money Flow Mo Bar – Momentum Bar, one that is much bigger than the others with little or no wicks. I don’t much care for Japanese Candlestick names. MM - Measured/Mirror Move MTLBT – Manual Trend Line Break & Test (as opposed to the regular TLB/TLBT with the trend line drawn by eWH) NEO- New York Equities / NYSE Open (can refer to the time or opening price) NYO- New York Open - an hour before NYSE opens (can refer to the time or opening price) OB - Outside Bar OT – the strange bloke in the White House, at the time this post was created. I’m not a fan so you can make of the ‘OT’ meaning what you will. OTonomics is a made up word for his economic policies, particularly with regard to tariffs. Facepalm! PRZ - Potential Reversal Zone SD – Supply/Demand SDF – Supply/Demand Flip SR – Support/Resistance TCSWTGB - Tightly Coiled Spring Waiting To Go Boing! When PA is stuck in a tight range for a long time. Tea Leaves – predicting where price will go to. TETLEYS is where the tea leaves were spot on – good tea leaves TLB – Trend Line Break (eWH creates the trend line for W4s) TLBT – Trend Line Break and Test TLMS – They Love My Stops. TLMS is an indi that I wrote to help traders look for logical places for stop loss management, using some basic Elliott Wave rules. It developed into more than that, with the ability to project where Waves 3 & 5 might get to and can be integrated into ATM for automatic stop loss management.. TZ1/TZ2 – target zones generated by eWavesHarmonics. They work time and time again but not 100% of the time, of course. VLPR - Very Low Pip/Point Risk. These are the trades that we seek for the best R:R WOWC - Week Open Week Close, usually refers to the gap between them Just about all of the above are covered in the free trading course.
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