1 Trade + 1 Filter in ORB = More Accuracy & High Profit Factor
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- čas přidán 1. 03. 2024
- Open Range Breakout (ORB) system is a trading strategy used in financial markets, particularly in stocks and forex.
The "open range" refers to the price range within which a security trades during the first few minutes or hours of a trading session, typically the opening hour.
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The ORB system involves identifying the high and low prices within this initial trading range. Traders then wait for the price to break out of this range, either above the high or below the low, indicating a potential trend for the rest of the trading session.
When the breakout occurs, traders often enter positions in the direction of the breakout, anticipating further price movement.
This strategy aims to capture early momentum in the market and take advantage of the initial surge in price activity.
Traders using the ORB system usually employ additional technical indicators or risk management strategies to enhance their trading decisions and mitigate potential losses.
While the Open Range Breakout (ORB) system can be effective in capturing early market momentum, it also has some drawbacks:
False Breakouts: One of the primary challenges with the ORB system is the occurrence of false breakouts. Sometimes, the price may briefly break out of the initial trading range but then quickly reverse direction, trapping traders who entered positions based on the breakout signal.
Choppy Markets: In choppy or range-bound markets, where prices fluctuate within a narrow range without establishing a clear trend, the ORB system may result in frequent false signals or whipsaws. Traders may find it difficult to distinguish genuine breakouts from noise.
Volatility: High volatility during the opening period can lead to exaggerated price movements, increasing the risk of slippage or unexpected gaps between the anticipated entry price and the actual execution price.
Overcrowded Trades: Since the ORB system is relatively popular among traders, breakouts can attract a large number of participants, leading to overcrowded trades and reduced profitability due to increased competition and potential market impact.
Overall, while the ORB system can be a valuable tool for identifying early trading opportunities, traders must be aware of its limitations and employ appropriate risk management techniques to navigate the challenges effectively.
All these drawbacks can be negated using the techniques mentioned in this video.
#openrange #ORB #openrangebreakout #trading #intraday
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Coming to stock and option I will always be grateful and thankful to Mr Ronal’ for giving me the knowledge and helping me recover my loss from the market 💯
he’s mostly on Telegrams, using the user.
@R o n a l f x 2’
Sir Ronal’ trading strategy is the best . Making 7lakh biweekly is incredible! | Enjoyed a fun-filled retirement with amazing vacations!
I'm Glad i had positive trades with Consistent profits , less financial stress, and a satisfying lifestyle. Keep it up! Sir Ronal’
May Allah bless Ronal’ for his help. I'm glad my doubts have been cleared, and i received my profit from last week's investment. Keep up the great work
Answer - C. I have already read the book and watching it again on your youtube channel helps revise the concepts and learn more. Thanks for the nice learning videos.
Very well explained.Thanks.
your teaching technique are awesome and well re-searched . Really helping me to understand intraday trading
Great sir, the contents are most valuable. Thanks🙏
How did I miss to notice your videos all these years?. It's amazing 👏🏻 🎉
Very well explained, kudos to you. Let me experiment with it. Would be great too if you can provide a scanner for this in chartink.
Answer is C , very informative. Thanks for sharing
Well explained sir❤
The answer is C. Looking forwards to read your book, great golden nuggets.
Sir loved your content
It's Unique
Thanks for your teachings...love the content ❤
Very nicely explained. Thank you for sharing knowledge
Super Sir.. Excellent explanation.. Answer is C
I bought this very good book ,
Thankyou Indrazith sir
Thanks.Your channel is best for intraday trading .No noise channel. No false hope and false dream.🙏🙏🙏
Best Video on ORB.
Thank you.
Answer is C
Answer is C sir. Thank you for the knowledge
Best ever explanation on ORB strategy ever...................
Awesome topic and beautifully explained... Appreciate all effort for this presentation...
Answer:C. Thank you so much for your valuable content 🎉❤
Good research and excellent understanding Sir. Will add the wick study to my orb. Thanks Sir
Sooper👌
Answer is c & thanks for the content.
exellent learning🙏
AND answer is C
Great strategy explain with chart❤
Quiz Answer - Option C
Sir I am grateful for this knowledge and the fantastic strategy, thank you for taking time to explain this complex concept in such easy words.
Ans: C .Thank you very much for the valuable session
I love your videos.
I've learnt so much from your videos.
Thank you for your teachings.
The answer to your question is C.
Very informative video sir. Answer is C.
Sir this video surely added value ..thanks 🙏
Answer - C .Thanks for the knowledge sir. My most favourite channel why because as i am from South Indian i can understand English language easily and many CZcams channels speak in hindi . I requested them to mix the languages but some people considers and some neglect my request. I watched many ORB Videos but no one explained like this. You are giving deep inside knowledge so people should have patience for long videos which gives more knowledge. All and many CZcams channels said that when open range broken buy or sell these are for their views. Once again thanks for eloborate knowledge sir.
Welcome brother,
The only reason they speak in Hindi is to reach more people brother as many people speak in Hindi in India.
My suggestion there are also some good traders who know only Hindi (but are not fluent in English).
We all should grow above these barriers
what is the 2nd Filter?
C is the answer. Thank you
Thanks for this concept but my question is how will you filter the Thita decay in option buying especially on expiry day ,
Options buying on expiry day is not the ideal way to trade.
One can plan options selling or credit spread to take the trade.
If you still plan to take the option buying trade, then take the next week's contract as the time decay is minimal
Thanks sir. Ans c
Answer is C.
Your video is very good and logical.
Answer of Quiz is : A stock of a well-established and financially stable company. 🙂Good Learning from your all video tutorials .
Option C is the answer Sir. Thanks for your insights 🙏
sir The answer is C, EXCELLENT EXPLANATION, Thank you
Very good & helping for trading video THANKS Sir. Ans. = option C . Thanks. 🎉
Sir, Answer is option 'C' - A stock of well-established and financially stable company....This video has given eye opening information and technique to understand the market patterns. Please do make such videos which will help us to understand why we are taking that trade and ultimately making some money out of it..Thank you once again...waiting for your next video....
Well explained.Thanks for the same.The answer to the quiz is C
Answer is 3
Sir your market Profile book I am reading the following it is working good
Thank you for more clarity for the filter
Very good
Sir, Nice strategy for day traders, Can anybody suggest 1-5 stocks which are best among the lot to do 1 hr ORB. Thanks
Sir, I have a few doubts with IBR breakout strategy. I did 1 year back testing with Bank Nifty. It is working with 24% of Stop Loss. So I started trading after the back testing. The issues I am facing is that 1. Which strike Price should I select? Currently I am selecting ITM, but sometimes the SL in futures is not hitting the SL, but where as it is hitting SL in options. So how do I trade options exactly? 2. While exiting, sometimes after it is giving IBR range, or just before it gives, it is pulling back and hitting the entry point, and then it is again moving in my favourable direction. So how to exit when there are pull backs?
The strategy I have explained is based on spot or future chart.
You need to develop strategies to trade in options.
One simple logic is why do you buy options for this system when you can also sell the options? (As it timedecay will not work against us)
@indrazith1 Sir, I need to develop a separate strategy for options? I dnt have much amount to do Options selling. So I am always buying. Is there any video where I can understand how to trade wth Optins using IBR strategy?
Answer is C...i follow your videos sir
Sir thank you, if i am not missing, you didn't speak about target setting..
It's the same length of IB after the breakout (as majority is normal days)
Ans: C, I feel i am very late in answering. Thankyou sir for the valuable information. Please make videos on the contents in your book. I am ready to buy the videos because it will be more practical. Thankyou
C is the Answer Sir. Thanks for creating good contents!!!
C. PRANAM GURUJI
Adjustment of SL in option price(ITM/ATM) seeing the index/stock price ?
Adjustment completely depends on the individual.
You are always my trading guru sir, as usual wonderful mitigation techniques you have given us to save losses. Now I am reading your Market profile book sir. Thank you so much.
Answer is : C
Always consider "Market" as your guru instead of considering any individual as your guru
Sir how to calculate initial balance in crypto? Bcs its 24/7
subscribed your YT channel, Telegram and watching your videos regularly..
What will be the IB for US markets? For S&P Index
If you are trading only in the normal trading hours, then you can consider 1 hour range as the IB range.
If you are trade extends to the next session (4 to 8 pm), then you can consider 1.5 hours as IB range
@@indrazith1 Thank you
Could you clarify the phrase the market operates from 9:15 to 3:30pm is in what kind of time zone? Because checking 9:15 PM IST (India time) is 11:45 AM EDT (New York time)
Indian market operates between 9.15 AM to 3.30 PM (Indian Standard Time)
good video, do we need to wait for candle close before enter into trade ? and what time frame candle close ? Thanks
Please watch the complete video (especially 'filter' part, I have answered this question)
@@indrazith1 thanks for ur reply, i got the answer , just confim me , " we will execute the trade when next candle breaks the high of Breakout candle and SL would be low of breakout candle ?
ur second video is AMAZING, as u givn example of ATR is 100, but nowadays ATR is 220,
kindly answer,
Thanks
@@narohit yes,
ATR 100 I just took am example. Follow recent levels
@@indrazith1 thanks for prompt response
Indrajit ji, have explained about orb in your Book too?
Yes, also provided backtesting results against 10 years historical data
Sir, recently i addicted your video. The way explaining price is at par compare to anyone. I'm about to quit trading. You're the only one for still I'm doing trading. Thank you so much sir for all the knowledge sharing.
Bro can I talk with you 5 minutes regarding market send me your mobile number thank you
Option C sir , A stock of well established and financially stable company, repeateadly watching your content only sir , love you for the work sir ❤️
Hi sir answer is option:C
Dear Sir, The Answer is C, Hoping to Be the lucky winner, can buy it, but getting singed copy from the mentor is always next level feeling📓📓📘📘
Sir Namaskara ... hope neevu aaramagi idira ..
I went through this video . I was looking at banknifty spot chart for 4th mar 2024 .
This on normal candle stick chart type gave an breakout but as seller wick was 20% on 6th 15 min candle , the position was not to be taken. However on 7th candle it formed a big red candle breaking the low if IB candle low . But market was sideways .
I accidently turned on Heikin ashi candle chart and it showed that there was no breakout on either side with lesser than 20% of opposite direction player ...
so does this strategy give any edge with type of chart we use
Please drop an email to Indrazith.s@gmail.com along with charts.
I will respond
Good morning evening sir... My answer is C
Sir, 1. Are there any other filters to avoid the losing trades, you said one filter. 2. If apply this filer, is there a chance of missing the good trades?
One can develop any number of filters.
Using the 20% filter, you may miss 10% of the winning trades, but you will avoid over 80% of the losing trades. Think logically and act 😀
@@indrazith1 thank you sir.
Thank you sir, it is excellent explanation and statergy. You said 20% wick. You mean 20% of the candle, I suppose
Yes, wick should be less than 20% of the candle.
c is the answer!!
C is the answer, Nice explanation
I'm in love with possible peak.
Sir, C) is the correct answer for blue chip stock.
Answer to blue chip Stock is option C sir
Sir, can you please explain in summary about your book, what kinds of features are there ?
If you visit the book on Amazon you can read 10% of the book including the index and first chapter.
Then you can decide to buy it or not
Sir, I’m a swing trader. Is your Book helpful to improve my journey ?
@@phanbahadur70 Yes brother
Answer-C
Option C
Respectfully- Sir C
My Answer is Option " C"
A stock of well established and Financially stable Company.
Answer is C
Sir i want your all books to buy
I want your blessings
I’m in love with possible peak ✅✅✅✅✅✅
Namaskar sir
Answer is 'C'
C is the answer sir
answer is C
sir u said 10 days avg can be taken as thumb rule............can u please clarify full day high low will be taken for avg or 1hr high low avg will be taken ..............?
Full day range
@@indrazith1 but sir full day high low is formed in 6hr 15 minutes and IB high low is created in 1 hour is it logical to compare it both as time frame for both has been diffrent?
@@Anshuljain3931 A good question, why don't you backtest with historical data (at least for 1 year)?
IB range time frame for 24 hour market?
4 hours
Sir Answer : C , Watching this channel has been my turning point
i CAN JUST SAY THANK YOU
Ans.c
Do we need wait for candle close
For IB range breakout yes
@@indrazith1 Thanks Sir,
My understanding
1. Mark IB (1Hour) or use indicator.
2. Wait for breakout (Candle close).
3. Check if the breakout Candle is with in our filter range.
4. Take entry on running candle, once next candle breaks the high of the breakout Candle
@@linemantraders1583 perfect
Sir the correct answer is option (C)
Option C: A Stock of well established and financially stable company
Answer is C.
D) is the right answer
Sir I mean
Answer:C
Ans is C
Answer C
Sir Ib mean
Initial balance Range (1 hour range) after market open
Answer is option C
c is the answer
Answer - c