METHOD
TREND IS YOUR FRIEND
MONTHLY
WEEKLY
DAILY
ENTRY
RET
DAILY
EXAMPLES
DEUTSCHE BURSE
Subtopic 2
PROCESS
PTT/TTP
WPD/WPG
TREND
RM
the most important P's fase for its evolution
The RM is a price's consolidation area between a R and a S level.
WHO IS IN CONTROL?
IDENTIFY
ENTRY
above/bellow the first daily support/resistance level
with price action confirmation to the chosen levels
with pending orders
SL
above/bellow the first daily support/resistance level
above/bellow the current swing
EXIT
to the support/resistance levels
to the reverse candle/patterns
TOOLS
SR
STATIC
CANDLE/SWING OPEN CLOSE
e.g
???
???
DYNAMIC
TL
MOMENTUM
SUPPLY/DEMAND
A correct identification of S/R levels give us the elements/information to understand WPD+WPG.
CANDLES
BEOB
BUOB
DBHLC
DBLHC
HAMMER
HM
IB
IH
IPB
PB
SS
PATTERNS
CHANNELS
FLAGS
TRIANGLES
WEDGES
CONFLUENCE
BRN
FIBONACCI
PSYCHOLOGY
ABBREVIATIONS
BE-BREAK EVEN
BEOB-BEARISH OUTSIDE BAR
BRN-BIG ROUND NUMBER
BUOB-BULLISH OUTSIDE BAR
C-CLOSE
CT-COUNTER TREND
DB-DOUBLE BOTTOM
DBHLC-DOUBLE BAR HIGH LOWER CLOSE
DBLHC-DOUBLE BAR LOW HIGHER CLOSE
D-DAILY
DT-DOUBLE TOP
H-HAMMER
HH-HIGHER HIGH
HL-HIGHER LOW
HM-HANGING MAN
IB-INSIDE BAR
IH-INVERTED HAMMER
IPB-INVERTED PIN BAR
LL-LOWER LOW
MM-MONEY MANAGEMENT
M-MONTHLY
NCA-NO CLOSE ABOVE
NCB-NO CLOSE BELLOW
O-OPEN
PA-PRICE ACTION
PB-PIN BAR
P-PRICE
PTT&TTP-PLAN THE TRADE&TRADE THE PLAN
RET-RETRACEMENT
RM-RANGE MARKET
RN-ROUND NUMBER
R-RESISTANCE
RT-RETEST
SL-STOP LOSS
SS-SHINING STAR
S-SUPPORT
SW-SWING
TF-TIME FRAME
TL-TREND LINE
TP-TAKING PROFIT
WPD-WHAT THE PRICE IS DOING
WPG-WHERE THE PRICE IS GOING
W-WEEKLY