Fade - To trade in the opposite direction of a rising or falling price. Fading an up gap would be going short, fading a down gap would be going long.
Follow - To trade in the direction of the opening price. Following an up gap would be going long, following a down gap would be going short.
Long - Buy to enter
Short - Sell to enter
High Breakout - A long trade entered 1 tick above the high of the opening range.
High Fade - A short trade entered 1 tick below the high of the opening range.
Low Fade - A long trade entered 1 tick above the low of the opening range.
Low Breakout - A short trade entered 1 tick below the low of the opening range.