Folks,
Im a complete newbie to this and after reading the forum for a few days I have a few questions how to make the best of this:
I’ve been reading the chart pattern threads and even though I get the different bards and what they often represent, im lost when it comes to the other trading lingo’s.
For example I don’t really understand Fib levels and though I know its mostly used to identify support and resistance levels but I don’t understand it on the chart or how they are calculated.
Also I don’t really know what swing high/low is.
What does price ret mean?
Also I thought I saw two different definitions for Pinbars .
One said that it’s a bar that has its open/close with in the open and close of the previous bar but with higher high and lower low than the previous bar.
The other definition for it was a bar that has its open and close very close together but a higher high than previous bar and a lower low as well.
Apologies for all these questions as im sure they sound silly to you but im determined to learn properly and for that I need a very sound fundamental understanding and a good foundation and that’s why im asking these.
Thanks in advance for any reply’s.
Im a complete newbie to this and after reading the forum for a few days I have a few questions how to make the best of this:
I’ve been reading the chart pattern threads and even though I get the different bards and what they often represent, im lost when it comes to the other trading lingo’s.
For example I don’t really understand Fib levels and though I know its mostly used to identify support and resistance levels but I don’t understand it on the chart or how they are calculated.
Also I don’t really know what swing high/low is.
What does price ret mean?
Also I thought I saw two different definitions for Pinbars .
One said that it’s a bar that has its open/close with in the open and close of the previous bar but with higher high and lower low than the previous bar.
The other definition for it was a bar that has its open and close very close together but a higher high than previous bar and a lower low as well.
Apologies for all these questions as im sure they sound silly to you but im determined to learn properly and for that I need a very sound fundamental understanding and a good foundation and that’s why im asking these.
Thanks in advance for any reply’s.
