OB to RS Flashcards

1
Q

OB

A

Outside bar, the high is at or above the high of the prior bar and the low is at or below the low

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2
Q

OD

A

Outside down bar, which means its high is at or above the high of the prior bar and its low is at or below the low of the prior bar and its close is below the open

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3
Q

ODD

A

Outside Down Day, which means a reversal down from above yesterdays high to below yesterdays low

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4
Q

OO

A

Consecutive outside bars, Breakout Mode, so both Buy and Sell signal. In a bull trend, it can be top or bull flag. In a bear trend, it can be bottom or bear flag

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5
Q

OOD

A

Open of Day

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6
Q

ORVD

A

Opening Reversal Down

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7
Q

ORV

A

Opening Reversal

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8
Q

ORVU

A

Opening Reversal Up

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9
Q

OUD

A

Outside Up Day, which means a reversal up from below yesterdays low to above yesterdays high

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10
Q

OU

A

Outside up bar, which means its high is at or above the high of the prior bar and its low is at or below the low of the prior bar and its close is above the open

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11
Q

OW

A

Open of Week

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12
Q

P

A

Probability

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13
Q

PB

A

Pullback

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14
Q

PBX

A

Parabolic Buy Climax

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15
Q

PH

A

Possible High of day or swing high, reasonable sell setup. Since it is a reversal trade, it is not high probability so it is a swing setup

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16
Q

PL

A

Possible Low of day or swing low, reasonable buy setup. Since it is a reversal trade, it is not high probability so it is a swing setup

17
Q

PSX

A

Parabolic Sell Climax

18
Q

PT

A

Profit Target

19
Q

PTG

A

Profit Taking

20
Q

PW

A

Parabolic Wedge

21
Q

RB

A

Reversal Bar

22
Q

REV

A

Reversal

23
Q

REVD

A

Reversal Down

24
Q

REVU

A

Reversal Up

25
Q

RR

A

Risk Reward, or Risk Reward Ratio, most easily thought of as the size of your stop compared to the size of your profit target

26
Q

RS

A

Resistance