Financial Terms

ADR = Average Daily Range

BE = Break Even
( moving SL when PA break further until SL is HIT )

Forex = Foreign exchange Market

EA = Expert Advisor

EW = Elliott Waves

PA =  Price Action: actions of price on the chart, usually referring to top and bottoms

GAP = visible distance between closing and opening, due to the pending orders, regular buying or selling pressure, earnings announcements, or news release, before market opening bell.

SL = Stop Loss: useful tool, on opened or pending transactions, setting the lowest level of loss you accept, as price go against you.

TP = Take Profit: useful tool, on opened or pending transactions, setting the highest level of profit you want, as price go in the directions you wanted.

PO = Pending Order

PP = Pivot Points

TF = Time Frame

MTF = Multi Time Frame

HTF = Higher Time Frame

S/R Line = Support/Resistance Line

MM = Money Management

RM = Risk Management

RH = Ross Hook

LL = Lower Low

LH = Lower High

HH = Higher High

HL = Higher Low

BO = Break Out

R:R = Risk Reward Ratio


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