THE ULTIMATE FOREX PhD GLOSSARY
THE ULTIMATE FOREX PhD GLOSSARY 500+ Essential Terms Every Institutional Trader Must Know CATEGORY 1: MARKET STRUCTURE (50 Terms) Higher High (HH) - Peak higher than previous peak (bullish structure) Higher Low (HL) - Trough higher than previous trough (bullish structure) Lower High (LH) - Peak lower than previous peak (bearish structure) Lower Low (LL) - Trough lower than previous trough (bearish structure) Break of Structure (BOS) - Price breaks through key high/low confirming trend Change of Character (CHOCH) - Momentum shift indicating potential trend reversal Market Structure Shift (MSS) - Complete transition from bullish to bearish structure (or vice versa) Swing High - Local peak with lower highs on both sides Swing Low - Local trough with higher lows on both sides Internal Structure - Smaller timeframe structure within larger trend External Structure - Major swing points on higher timeframes Fractal - Repeating pattern across multiple timeframe...