preload
May 31

Acronyms used in the James16 Forex Factory Thread

Forex Trading, Reading Price Action No Comments »

I’ve been reading through James16’s thread on Forex Factory… Like any normal human being, I’m not able to read through the entire thread… which as of now (31 May) is already 4343 pages long… So, I read the first 100 (?) pages and then went to read the more recent pages… A lot of newcomers will probably be confused by all the acronyms used by members of that thread… Thus I’ve decided to compile a list here…

  1. DBHLC = Double High Lower Close
  2. DBLHC = Double Low Higher Close
  3. BUOVB = Bullish Outside Vertical Bar
  4. BEOVB = Bearish Outside Vertical Bar
  5. BRN = Big Round Numbers
  6. PPZ = Price Pivot Zone (an area where support becomes resistance and vice versa)
  7. IB4 = Inside Bar + Narrow Range 4 (http://www.trading-naked.com/insidebarNR4x.htm)
  8. PB = Pin Bar (http://www.scribd.com/doc/192645/Pin-Bars-Introduction)