O.R.B.S Method Hubert Senters
The Story of ORBS The Power of a Master Mind Program Compass FX Kim, Scott & Dean D.O.T.S for MetaTrader Found that it was helping Focus on Forex Told us to run with it
ORBS Open Range Break Out System
What is O.R.B.S Doing Looks at past ATR Then Draws the lines based on that range If it hits this price Then is probably going to hit this price Trending Algorithm will have bigger targets
Main Methods Intraday: 8 hours or less Overnight: 23 hours or less Swing Trade: Longer then 23 hours
4 Step Process Enter long at buy level Enter stop level Enter Target #1 Enter Target #2
4 Step Process Enter short at sell level Enter stop level Enter Target #1 Enter Target #2
Trading Rules The ORB Indicator Levels are Determined at the Open of the Session. Enter trade at Buy Level (for Buy Signal) or Sell Level (for Sell Signal). Exit Trade at Stop Level if hit before Target Level. Consider partial or full exit at Target #1 & move stop to BE or Trail Consider partial or full exit at Target #2 & move stop to T1 or Trail Consider re-entry if market holds Daily Open Level. Use filters to confirm trend and market direction.
Pick Your Types Conservative Moderate Aggressive
Keep it Simple Kiss Method First identify the trend Go with that and ignore the other signals
Identify the trend Guppy MA TTM Trend Cloud Charts Above the blue long below blue short
Conservative Trend Trade Only Pick the Direction of the daily Trend Use the 30 min Guppy as a filter Only trade in the direction of the Daily Trend One trade Max Target 1 Sell ½ move stop to break even or trail Target 2 Sell the rest
Moderate Trend and Counter Trend Pick the Direction of the daily Trend Use the 30 min Guppy as a filter Trade direction Daily Trend or Counter Trend Trade Max 2 times Target 1 Sell ½ move stop to break even or trail Target 2 Sell the rest
Counter trend Trades TTM Color Change Value Chart Red Tails Close above the high of the low bar Close below the low of the high bar
Aggressive Trend and Counter Trend Direction 30 min Guppy Use the 5 min Guppy as a filter Trade both sides Trade Max 2 times each side
Guppy Rules 30 min Chart filter, I use a 5 min also Follow longer term MA Price above Longer Term MA bullish Price below Longer Term MA bearish Short Term MA for Entry Separation and angle of attack
Scan for Trends with Momentum http://stockcharts.com http://www.barchart.com
Go Live Charts Scan for Trades