Gold Trading Terminology Glossary: From Structural Language to Platform Operations
A comprehensive glossary of all terminology used in gold intraday trading, organized by topic: trend structure, moving average indicators, candlestick patterns, entry strategies, order types, money management, macro indicators, platform operations, and trading psychology.
Trend Structure Terminology
*Visual representation of the glossary—understanding terminology is the first step to mastering trading.*
| Term | English | Meaning |
|---|---|---|
| HH | Higher High | A higher peak, characteristic of an uptrend |
| HL | Higher Low | A higher trough, characteristic of an uptrend |
| LH | Lower High | A lower peak, characteristic of a downtrend |
| LL | Lower Low | A lower trough, characteristic of a downtrend |
| BOS | Break of Structure | A structural breakout, a trend-continuation signal |
| MSS | Market Structure Shift | A structural reversal, a trend-reversal signal |
| Trend | Trend | The overall direction of price |
| Range | Range | A sideways zone where price oscillates horizontally |
| PB | Pullback | A short-term counter-move within a trend |
| Wick | Wick/Shadow | The thin line extending above or below a candlestick |
Moving Averages & Indicator Terminology
| Term | English | Meaning |
|---|---|---|
| MA | Moving Average | Moving average line |
| MA10/20/50/100/200 | — | 10/20/50/100/200-period moving averages |
| BB | Bollinger Bands | Bollinger Bands, a volatility indicator |
| BB Squeeze | BB Squeeze | Bollinger Bands narrowing, volatility contracting |
| BB Expansion | BB Expansion | Bollinger Bands widening, volatility expanding |
| RSI | Relative Strength Index | Relative Strength Index |
| MACD | Moving Average Convergence Divergence | Moving Average Convergence Divergence |
Candlestick Pattern Terminology
| Term | English | Meaning |
|---|---|---|
| 收針 | Wick Rejection | A wick closing at support/resistance, confirming validity |
| Engulfing | Engulfing Pattern | An engulfing pattern, a strong reversal signal |
| Pin Bar | Pin Bar | Long wick with a small body, a reversal signal |
| 上引 sell | — | Long upper wick, a sell signal |
| 下引 buy | — | Long lower wick, a buy signal |
| 唔穿 | Not Breaking | Support/resistance has not been broken |
Entry Strategy Terminology
| Term | English | Meaning |
|---|---|---|
| 四步法 | 4-Step Method | Break structure, Pullback, Hold, Execute |
| Fibonacci | Fibonacci Retracement | Fibonacci retracement, commonly 0.382/0.5/0.618/0.786 |
| 0.618 | 61.8% | Golden ratio retracement level, the most respected pullback zone |
| 均線回家 | MA Return | Price pulls back to the moving average |
| Trendline | Trend Line | Trend line |
Order Type Terminology
| Term | English | Meaning |
|---|---|---|
| Buy Stop | — | Breakout entry order (buy on upside break) |
| Sell Stop | — | Breakout entry order (sell on downside break) |
| Buy Limit | — | Pullback entry order (buy at a lower price) |
| Sell Limit | — | Pullback entry order (sell at a higher price) |
| Market Order | — | Immediate execution |
Money Management Terminology
| Term | English | Meaning |
|---|---|---|
| SL | Stop Loss | Stop Loss |
| TP | Take Profit | Take Profit |
| TSL | Trailing Stop Loss | Trailing Stop Loss |
| RR | Risk Reward Ratio | Risk-Reward Ratio |
| 1:2 RR | — | 1 unit of risk to 2 units of reward |
| 期望值 | Expected Value | EV = (Win Rate × Avg Win) − (Loss Rate × Avg Loss) |
| 點值 | Pip Value | Dollar value per pip of movement |
| 手 | Lot | Position size unit; 1 lot of gold = 100 oz |
| Rebate | Rebate | Cashback returned from trading commissions |
| 凱利公式 | Kelly Criterion | Optimal position-sizing formula |
| Overtrade | — | Excessive trading |
Macroeconomic Indicator Terminology
| Term | English | Meaning |
|---|---|---|
| VIX | Volatility Index | Volatility Index (Fear Index) |
| USD/CNH | — | US Dollar vs. Offshore Chinese Yuan |
| A50 | FTSE China A50 | FTSE China A50 Futures |
| 非農 | NFP | Non-Farm Payrolls |
| CPI | Consumer Price Index | Consumer Price Index |
| FOMC | Federal Open Market Committee | Federal Open Market Committee |
Platform Operations Terminology
| Term | English | Meaning |
|---|---|---|
| MT5 | MetaTrader 5 | Trading platform |
| EA | Expert Advisor | Automated trading program |
| MQL5 | — | MT5's programming language |
| Alert | Price Alert | Price alert |
| Demo 帳戶 | Demo Account | Simulated trading account |
| VPS | Virtual Private Server | Virtual Private Server, used to run EAs 24/7 |
| 點差 | Spread | The difference between the bid and ask price |
| 滑價 | Slippage | The difference between the expected and actual fill price |
Trading Psychology Terminology
| Term | English | Meaning |
|---|---|---|
| 復仇交易 | Revenge Trading | Trading aggressively to "get back" after a loss |
| FOMO | Fear of Missing Out | Fear of Missing Out |
| 損失厭惡 | Loss Aversion | The pain of losses far exceeds the pleasure of gains |
| 過度自信 | Overconfidence | Overestimating one's own analytical ability |
| 熔斷 | Circuit Breaker | Mandatory trading halt after losses hit a cap |
| 交易日誌 | Trade Journal | A detailed log of every trade |
Common Trading Mantras
| Mantra | Meaning |
|---|---|
| 破趨勢，Pullback，唔穿，做 | The 4-step method mnemonic |
| 順大方向交易，逆小方向入場 | Trade with the D1 trend; enter against the move on M15/M5 pullbacks |
| 操作越多，輸的機會就越多 | Avoid overtrading |
| Set 好 SL，TP，由它行 | Set your SL and TP, then let it run |
| 上引 sell，下引 buy | Wick direction determines trade direction |
| PB ~ 0.618 出 Trend，PB ~ 1 出 Range | Pullback depth signals trend continuation or range |
| 要信 Trend 系朋友 | Never trade against the trend |
Chapter Recap
This glossary covers every core term that appears in gold day-trading. Beginners are advised to first become familiar with trend structure and entry strategy terminology, then progressively expand into the other areas. Mastering the meaning of these terms is the foundation for understanding the entire trading system.
⚠️ Disclaimer: This article is for educational purposes only and does not constitute investment advice. Investing involves risk.
🎯 Quick Quiz
Finished reading? Test what you remember
Question 1/5
Which pair of abbreviations correctly distinguishes a trend-continuation signal from a trend-reversal signal?
✗ Incorrect
Your answer：—
Correct answer：A. BOS = Break of Structure (continuation); MSS = Market Structure Shift (reversal)
💡 The article's Trend Structure table defines BOS (Break of Structure) as a trend-continuation signal and MSS (Market Structure Shift) as a trend-reversal signal.
