1 Trade + 1 Filter in ORB = More Accuracy & High Profit Factor
ฝัง
- เผยแพร่เมื่อ 5 ต.ค. 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.
Trading Book - amzn.to/3ww4oQn
Market Profile - www.profiletra...
FREE Trading Course - www.stockmarke...
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
Music from #Uppbeat (free for Creators!):
uppbeat.io/t/r...
Music from #Uppbeat (free for Creators!):
uppbeat.io/t/a...
![The Wall Song ร้องข้ามกำแพง | EP.213 | กรีน อัษฎาพร | 3 ต.ค. 67 [1/5]](http://i.ytimg.com/vi/3KrlLbCsadI/mqdefault.jpg)
Great video, this is so helpful, good work. Honestly trading is only profitable when you have proper guidance like mine
Theresa option
Seen some good reviews on her , how do I connect
She’s mostly on telegaram with the name
Lol scammers everywhere
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 TH-cam 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 TH-cam 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
Answer:C. Thank you so much for your valuable content 🎉❤
Ans: C .Thank you very much for the valuable session
How did I miss to notice your videos all these years?. It's amazing 👏🏻 🎉
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
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
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.
Thanks.Your channel is best for intraday trading .No noise channel. No false hope and false dream.🙏🙏🙏
Answer is C sir. Thank you for the knowledge
The answer is C. Looking forwards to read your book, great golden nuggets.
Answer of Quiz is : A stock of a well-established and financially stable company. 🙂Good Learning from your all video tutorials .
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.
Super Sir.. Excellent explanation.. Answer is C
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....
Anyone new trader or experienced this one 1 strategy video is enough for life long trading Genius sir 🎉🎉🎉
I love your videos.
I've learnt so much from your videos.
Thank you for your teachings.
The answer to your question is C.
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
Answer is C . very well explained thanks for sharing .
sir The answer is C, EXCELLENT EXPLANATION, Thank you
your teaching technique are awesome and well re-searched . Really helping me to understand intraday trading
Answer is C , very informative. Thanks for sharing
Very good & helping for trading video THANKS Sir. Ans. = option C . Thanks. 🎉
Answer is C.
Your video is very good and logical.
Best Video on ORB.
Thank you.
Answer is C
Best ever explanation on ORB strategy ever...................
Awesome topic and beautifully explained... Appreciate all effort for this presentation...
Very well explained and I really like your videos.
Very informative video sir. Answer is C.
Answer is c & thanks for the content.
Video time is nearly 38 min. I try to skip it. But after watching the video really worhthy. I learn new indebth knowldege about ORB.
Thanks so much for the video. Can I use this strategy on FOREX as you have described?
Sir, same question asking here - is Spot or Futures reliable in terms of candles / reference? ( Ans C for the quiz)
@@vish3118 It's a pure price action concept and works as it is in all charts.
For example, if you are taking trade in equity, then observe only spot chart and take trade if you get a signal.
If you are taking trade in futures, then check for signals only in future chart
I love to read your books...god bless you
Answer:C This works i back tested it for so many stocks
I had read one of your posts in Quora about this yrs back. I wrote a question too, but u did not respond to it sir. However, made you my mentor like Eklavya to Drona. :-) #honestconfession
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📓📓📘📘
Well explained.Thanks for the same.The answer to the quiz is C
very nice information sirji ❤❤
Best and amazing educating video. Gives direction to ones trading.
Ans: C
Option C sir , A stock of well established and financially stable company, repeateadly watching your content only sir , love you for the work sir ❤️
Thanks for sharing today made 3K profit with this. Can you share how to select stock for this system
Can you share a screener on this with both the condition
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.
Sir how to calculate 20% wick of candle can u explain with and example please for knowledge?
Very nicely explained. Thank you for sharing knowledge
Sir Ib mean
Initial balance Range (1 hour range) after market open
My Answer is Option " C"
A stock of well established and Financially stable Company.
Option C is the answer Sir. Thanks for your insights 🙏
Yes yes yes it's good video
Well explained sir❤
I bought this book, informative
Thanks 👍
Answer- C
Ans: C
Thanks for your teachings...love the content ❤
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.
Sir loved your content
It's Unique
Answer-C
I’m in love with possible peak ✅✅✅✅✅✅
Answer to blue chip Stock is option C sir
i read the book & gone through the video as well. i also done the manual testing from JAN 2024 to June 2024. the strategy gives the winning probability of 43% only.
total Trades are 95
winning trades 29
losing trades 66
lot i had taken 4 (100 qty) & i consider all the points which is mentioned in book & video
Trading instrument is Nifty or i assumes the trades in nifty futures
probability is very low in most of the months you just closed in green
@@sarbindupal1988 I can clearly say your calculations is not correct.
For example, 29 winning trades put of 95 trades will give a 30% winning probability (not 43% as you mentioned).
Also one should not declare the outcome of a strategy just by backtesting few months (we should backtest for a minimum of 5 years)
@@indrazith1 yes sir i divided with 66 , yes the winning % is 30%
I will do 2 years of data analysis manually.
Then will decide to go for the strategy on intraday or not or i will also do testing on some stocks too.
Thank you sir for the book , i read in 2 days , i liked the concept of bullish harami + hammer. Its a good update in knowledge.
I also decided to read the books you shared in your videos and i already order book of ashwani gujral sir
If you allow can i share the data i backtested at your DM.
C.... Thank you for the wonderful knowledge.
It's important to preserve money by not getting caught up in wrong n false break outs... extremely important. Lost trades due to this.
Answer is C
Very well explained.Thanks.
Answer C
I backtested Nifty from 04-08-23 on 15 minute Time frame with various options with a hope to get reasonable returns. Unfortunately the best I could get was 7.5 points/trade. I think there have to be more filters.
Unfortunately 6-7 months of backtesting is not sufficient brother. I have backtested this strategy with 10 years of historical data and noticed good results
I bought this very good book ,
Thankyou Indrazith sir
Good research and excellent understanding Sir. Will add the wick study to my orb. Thanks Sir
c is the answer!!
Answer is C ( a stock of a well established and financially stable company
Sir, Nice strategy for day traders, Can anybody suggest 1-5 stocks which are best among the lot to do 1 hr ORB. Thanks
answer is C
Answer is C...i follow your videos sir
Answer-C
Ans is C
Great sir, the contents are most valuable. Thanks🙏
Option C
Ans: C
👍👌The answer is C
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)
Sir this video surely added value ..thanks 🙏
Answer is option c
Thanks sir. Ans c
Answer C
sir how to select appropriate stocks for this strategy ?
Indrajit ji, have explained about orb in your Book too?
Yes, also provided backtesting results against 10 years historical data
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)
Sir. Is there any proper time for the intraday. Please let me know. I am following it, last month I make approx 19% roi on cash intraday.
Nothing like that, opportunities can come at any time
@@indrazith1 ok. Thank you sir
exellent learning🙏
AND answer is C
Great strategy explain with chart❤
Ans C
Thanks for sharing ❤
Appreciate your efforts .
Hi sir answer is option:C
How to find out live market stock in this strategy,
Any filter to find out or search
Individual
Sir how to calculate initial balance in crypto? Bcs its 24/7
C is the answer. Thank you
Answer is C.
Answer C
My Answer is C i.e. A stock of a well established and financially stable company. 🙏