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O.R.B.S Method

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 .

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O.R.B.S Method

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  1. O.R.B.S Method Hubert Senters

  2. 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

  3. ORBS • Open • Range • Break Out • System

  4. 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

  5. Main Methods • Intraday: 8 hours or less • Overnight: 23 hours or less • Swing Trade: Longer then 23 hours

  6. 4 Step Process • Enter long at buy level • Enter stop level • Enter Target #1 • Enter Target #2

  7. 4 Step Process • Enter short at sell level • Enter stop level • Enter Target #1 • Enter Target #2

  8. 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.

  9. Pick Your Types • Conservative • Moderate • Aggressive

  10. Keep it Simple Kiss Method • First identify the trend • Go with that and ignore the other signals

  11. Identify the trend • Guppy MA • TTM Trend • Cloud Charts • Above the blue long below blue short

  12. 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

  13. 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

  14. 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

  15. 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

  16. 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

  17. Scan for Trends with Momentum • http://stockcharts.com • http://www.barchart.com

  18. Go Live Charts Scan for Trades

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