This list will continually be updated for the technical abbreviations for my own technicals that I developed. The terms below themselves are mostly from other great traders of days past. I took their great work and developed different proprietary setups.
SUPP – support
RES – resistance
ACCUM – accumulation
FB – flat base
DIST – distribution
PS – preliminary support
PSY – preliminary supply
BK – bucket
#1/#2/#3 bko – the 3 different break out levels
Phase #1/#2/#3 – the 3 different phases of an uptrend
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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