What does APP, EX and RET stand for on the charts and the color coding?
The APP stands for an alternate price projection. These are projected from 3 points on the chart. The 100% or “symmetry” projections are made with this tool and are shown on the chart in RED. The EX stands for external price retracement in Robert Miner’s software. I call these EXTENSIONS. I color code the extensions of 1.272 and 1.618 in GREEN. These two extensions are always the first two targets for any trade setup. These are run from 2 points on the chart. RET stands for regular retracements of prior swing. These are also run from 2 points on a chart. The basic retracements are color coded in BLUE, though I like the .618 ratio to stand out and that is coded in PINK. The third target for any trade setup is always 2.618 and that target will be illustrated in BLACK.
