WHAT IS THE FOMC?
Federal Open Market Committee.
Category: FAQS
WHAT IS NFP?
WHAT IS NFP?
Non-Farm Payroll.
WHAT IS RR?
WHAT IS RR?
Short for Risk/Reward.
WHAT IS FOMO?
WHAT IS FOMO?
Fear Of Missing Out. This is one of the great enemies for inexperienced traders.
WHAT IS US30 OR DJ30?
WHAT IS US30 OR DJ30?
These ticker symbols refer to the Dow Jones.
WHAT IS WTI?
WHAT IS WTI?
This ticker symbol refers to West Texas Intermediate or Crude Oil.
WHAT IS XAU?
WHAT IS XAU?
This ticker symbol refers to Gold: XAU/USD.
WHAT IS EU, GU, UJ?
WHAT IS EU, GU, UJ?
This is short for EUR/USD, GBP/USD, and USD/JPY. The same goes for any other pairs with these types of abbreviations (UC = USD/CAD, AN = AUD/NZD, etc.)
WHAT ARE HH, HL, LH, LL?
WHAT ARE HH, HL, LH, LL?
Higher High, Higher Low, Lower High and Lower Low. These refer to the price swings and helps determine if market structure is bullish or bearish.
WHAT IS HTF AND LTF?
WHAT IS HTF AND LTF?
Higher Time Frame and Lower Time Frame. HTF usually refers to the timeframes higher than 1 hour; the 4-hour (H4), Daily (D1), Weekly (W1), and Monthly (MN). LTF usually refers to the timeframes lower than the 4-hour; the 1-hour (H1), 15 min (M15), and 5 min (M5).