Part 1 Terminology Glossary Flashcards

1
Q

Always In

A

Refers to a market condition where prices predominantly continue to move in one direction without significant retracements.

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2
Q

barbwire

A

Describes a tight and choppy price movement, typically characterized by narrow range bars.

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3
Q

bar pullback

A

A retracement in price movement after a previous strong move.

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4
Q

bear flag

A

A bearish chart pattern characterized by a downward sloping trendline followed by a consolidation phase, resembling a flag.

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5
Q

bear reversal

A

A change in the direction of a market from bullish to bearish.

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6
Q

bear reversal

A

A change in the direction of a market from bullish to bearish.

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7
Q

body gap (formerly negative gap)

A

A price gap that occurs between the close of one bar and the open of the next, typically associated with significant market activity.

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8
Q

blown account

A

When a trader exhausts their trading capital due to excessive losses or risky trading strategies.

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9
Q

breakout

A

Occurs when the price moves above or below a significant level of support or resistance.

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10
Q

bull flag

A

A bullish chart pattern characterized by a temporary consolidation after an upward price movement.

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11
Q

Buy The Close bull trend

A

A bullish trend where traders tend to buy at or near the closing price of bars.

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12
Q

buying pressure

A

Indicates upward pressure on prices caused by increased buying activity.

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13
Q

candle

A

A visual representation of price movement within a specific time frame, typically shown as a rectangle or “candlestick” shape.

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14
Q

chart type

A

The format used to display price data, such as line charts, bar charts, or candlestick charts.

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15
Q

climax

A

A rapid and extreme price movement, often signaling exhaustion of the prevailing trend.

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16
Q

context

A

The broader market environment or conditions influencing price action.

17
Q

countertrend

A

A trading strategy or price movement that goes against the prevailing trend.

18
Q

countertrend scalp

A

A short-term trading opportunity that involves taking positions against the prevailing trend.

19
Q

day trade

A

A trade opened and closed within the same trading day.

20
Q
A
21
Q

directional probability

A

The likelihood of price movement in a particular direction based on market analysis.

22
Q

doji

A

A candlestick pattern characterized by a small body and wicks of equal length, indicating indecision in the market.

23
Q

dominant feature

A

The most significant aspect or characteristic of a price chart or pattern.

24
Q

bull reversal

A

A change in the direction of a market from bearish to bullish.

25
Q

breakout test

A

A retest of the breakout level after a breakout occurs, confirming the validity of the breakout.

26
Q

breakout pullback

A

A retracement following a breakout, often seen as an opportunity to enter a trade in the direction of the breakout.

27
Q

breakout mode

A

A market condition where price action indicates a potential breakout.

28
Q

breakout bar (or bar breakout)

A

The specific bar that triggers a breakout from a trading range or pattern.