A volatility indicator that measures the average price range over a specified period, used for assessing risk and setting stop losses, and for determining position sizes

Practical skills and experience gained from doing something over and over, which combines and enhances the “art” and “science” elements of trading into actionable techniques.

A core pattern we trade. It is a bullish signal. It signals the breakout of price to the upside.

A core pattern we trade. It is a bearish signal expecting a reversal of the most recent uptrend.

A trading analysis, charting, scanning and trade execution platform. The authors of this site use this platform.

A volatility indicator based on the standard deviation of the closing prices over a lookback period. We use it to determine when prices are outside one standard deviation or when price is abnormally stretched at three standard deviations or higher.

A candlestick pattern in trading characterized by a small body with upper and lower wicks of about equal size, indicating indecision in the market. If today ended in a Doji on a daily time frame, we pay attention for possibly large moves tomorrow on an intraday basis when price breaks outside the zone established by the Doji. Dr Long's command is "Green Doji Go" meaning, get long when you see price breakout after a Doji.

A measure of risk. It is the maximum amount of money that can be lost if the trade fails. If I said I'm risking $200 on a long trade it means that is the maximum amount I will lose, because I have stop loss setup appropriately. If I make a gain, say of $300 because the trade exited with a profit, I can say I made 1.5 R multiple on this trade. In other words, R is both a unit of risk, and also a unit of multiples of reward. Usage depends on the context.

A core pattern we trade. It is a bullish signal. It signals the reversal of the most recent downtrend.

A core pattern we trade. It is a bearish signal. It signals that the reversal attempt to the upside is failing and price is likely to fall back and continue the primary downtrend.

Frog Quality Number or FQN is a statistical indicator to measure the desirability of stocks (or other market assets) for intraday trading. Higher FQN is associated with directional price movements intraday while a low FQN will result in choppy price action. You will often see symbols in Dr Long's nightly podcast highlighted that have FQN of 3.0 or higher.

A measure of risk and potential profit, often used to determine the reward to risk ratio for trade setups, frequently discussed in terms of multiples. See also R (Risk) above.

A longer-term trading strategy that involves holding positions for more than one day, taking advantage of potential swings in price movement.