Terminology - The Barkworthy Notes

The following terminology and abbreviations are custom to the Barkworthy Notes and its published charts.

Abbreviations in order of systematic appearance.

Trend Control – UTL/DTL, becomes the BoT when breached;
BoT – Break of Trend, price crossed the Trend Control diagonal, indicating that price will seek the EMA9;
Entry Control – New UTL/DTL after the EMA9 has been tested, becomes EMA9 BoT when breached;
EMA9 BoT – Break of the EMA9 Trend, telling us to look for a reversal entry;
Stop – Trade invalidates if breached. Stop loss orders can be placed 2 to 5 points away from this level;
RT – Reversal Trigger Entry;
Control Diagonal – A potential entry diagonal;
Entry Diagonal – Risk defined trade entry;
BT – BackTest Entry (forms after a ‘look above’ when price makes a higher low into EMA9 or the range);
TGT/DR – Target (for partials or scalps) and Diagonal Resistance;

In alphabetic order.

CMod – Continuation Model;
DBF – Dual Break Fail – where the EMA50 Box becomes a Base;
DEM – Diagonal Entry Model;
DTF – Dynamic Trend Following;
Doji – Indecision candle (zoom in to find the contraction);
Engulfing Candle – A candle that broke the previous candle high AND low;
Evening Star – A bearish candle that indicates exhaustion;
HTF – Higher Timeframe;
Imbalance – Bounce or Pullback;
Inside Candle – A candle that did not move beyond the previous candle high or low;
LTF – Lower Timeframe;
Morning Star – A bullish candle that indicates exhaustion;
Outside Candle – A candle that broke the previous candle high OR low;
Pivot – Used to draw diagonals, a pivot marks a price point where price reversed and produced ‘outside candles’ into the opposite direction. Pivots are made by bounces and pullbacks.

In alphabetic order.

B/B Line – Bull/bear line, above is bullish, below is bearish;
Displacement – True swing, expansion and trending at degree (timeframe);
EOD – End of Day;
FBD – Failed Breakdown (RT);
FBO – Failed Breakout (RT);
FVG – Fair Value Gap ;
HH, HL – Higher High, Higher Low;
HOD – High of Day;
Judas Swing – A phoney, a rising or falling contraction, a fake swing, a B wave.
LL, LH – Lower Low, Lower High;
LOD – Low of Day;
OR – Opening Range;
OTE – The 0.50 to 0.618 FIB zone of strong demand and supply zones, typically marked with a green or a red bar;
Porcupine – a range with multiple big wicks on both sides.