My Millionaire Goal

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)

1. Outside Bar
2. Double High Lower Close / Double Low Higher Close
3. Matching Low / Matching High (trend continuation)
4. Pin Bars

• If previous trend is too strong, never trade counter trend.
• Watch out for magnets nearby.
• If a candle largely overlaps with prior candles, it is not a valid signal.