DEFINITIONS OF COMMONLY USED TERMINOLOGY

 Candle = Japanese Candlestick  Fib = Fibonacci Support or Resistance Level
 NRB = Narrow Range Bar  Long = Purchase a stock
 IPS = Initial Protective Stop  Short = Short sell a stock
Futs = Nasdaq Futures  Cover your shorts = Buy back your short postion to close it out
 MA = Moving Average  Flat = In a cash postion
 SMA = Simple Moving Average  Out Flat = Sold or covered your postion at no gain or no loss
 EMA = Exponential Moving Average  Stop = Where you will get out of your postion if you are wrong.
 WMA = Weighted Moving Average  Blown Stop = After your stop price is hit, you keep hoping and praying.
 HOD = High of the Day  
 LOD = Low of the Day  
   
   
   
   
   

 

 Doldrums = The part of the day in which things slow down. More dangerous part of the day. Usually anywhere from 11:00am est to 2:00pm est.