Use Option/ALT V to make a vertical line on a TradingView chart. This video is gold.
@TradingDecoded Жыл бұрын
I appreciate you watching. Thank you!
@bryanspell Жыл бұрын
Thank you for this easy-to-understand video. I'm going to try it in the near future.
@TradingDecoded Жыл бұрын
That’s awesome and you are very welcome. I hope it works out for you my friend.
@keithsaunders33782 жыл бұрын
Commenting to support the channel! Thanks keep it up
@TradingDecoded2 жыл бұрын
Thanks brother!
@Bm091322 жыл бұрын
All i can say is wow... very easy to understand.. Thank you🤝
@TradingDecoded2 жыл бұрын
You are welcome
@paulkennedy4305 Жыл бұрын
Another video with experienced insights. Thank you. Paul
@TradingDecoded Жыл бұрын
Thanks for watching Paul. I appreciate you.
@hmtempla2 жыл бұрын
Thanks Jimmy you are a good teacher.
@TradingDecoded2 жыл бұрын
Thank you. I am trying.
@bobbyclark50762 жыл бұрын
As always comming with great content!
@TradingDecoded2 жыл бұрын
Im on a mission brother. Youve been with me the whole time too!
@jonathanheaden9982 Жыл бұрын
To optimize this strategy, I use 4hr timeframe for bias, before the 30 min range breaks, I already know which direction price should breakout based on HTF bias.
@TradingDecoded Жыл бұрын
Sounds good my man. If it makes money that’s all that matters brother. Good stuff!
@johndoe-km5st3 ай бұрын
Wym when you say 4hr time frame ..?
@christopherpuffer8400 Жыл бұрын
Appreciate you. Your humility is admirable 👊
@TradingDecoded Жыл бұрын
Its a must in this business brother. SPY will remind you to be humble every chance you let her.
@TheeFibonaSki-FIBs-2 жыл бұрын
Great explanation. I love the orb I just modified it for my trading style
@TradingDecoded2 жыл бұрын
Which is perfectly fine brother. The issue is that there were a lot of questions and "loose" interpretations of what ORB actually meant so I figured I would at least set the foundation for it.
@tonytony-hz1cg5 ай бұрын
how did you modify yours ??
@TheeFibonaSki-FIBs-5 ай бұрын
@@tonytony-hz1cgI do a 3 minute ORB.
@waltermorris5786 Жыл бұрын
Excellent...I at one time knew about the first 30 minute range but could not recall if it was 30 minutes or one hour...thanks for the clarification.
@TradingDecoded Жыл бұрын
You're welcome! The orb can be played on many time frames to be honest. 3m, 5m, 30m and so on.
@johndoe-km5st3 ай бұрын
@@TradingDecodedwhat do you mean when you say different time frames ..?
@dannyj45h332 жыл бұрын
Post more strategies and topics of area you would think we would need more knowledge on. This hits the criteria for me. Thanks
@TradingDecoded2 жыл бұрын
Well I am working on that but it takes a little more time because I only trade my strategy. I am however, working with folks who use additional strats that work for them and putting those in video format. I cant deviate too far away from what I do though because thats what this community is all about. My way of trading and how I have made it work for me ya know? If I start posting other folks strats I wont be as fluent in them and thus might not be able to help answer some of the more random questions about a strat that isnt mine ya know? I am working it though!
@frogmccuish Жыл бұрын
Thanks so much Jimmy. I recently started trading using paper money, I did real well the first couple of weeks... then I lost almost all my gains and my confidence. I found your channel and subscribed immediately. Love your teaching method and pep talks. Thanks so much!
@TradingDecoded Жыл бұрын
Great job! Thank you for watching!
@acuero292 жыл бұрын
Thank you for your Time brother
@TradingDecoded2 жыл бұрын
Always! Thank you for the support my man!
@tabban2189 ай бұрын
Great information on ORB thanks
@TradingDecoded9 ай бұрын
You’re welcome.
@trey90482 жыл бұрын
Love this strategy , thank you for all you do Jimmy!
@TradingDecoded2 жыл бұрын
Its a pretty simple one to follow brother. Give it a try.
@Blindsquirrel742 жыл бұрын
Thanks Jimmy!
@TradingDecoded2 жыл бұрын
Youre welcome my man!
@savageroaster50882 жыл бұрын
really appreciate the videos. Thank you man.
@TradingDecoded2 жыл бұрын
No worries brother! Thank you for watching them.
@michaeldevlin63202 ай бұрын
Has been very effective on NQ last few weeks. Once NQ leaves the opening range it can run 100 handles no problem.
@TradingDecoded2 ай бұрын
Good to know! Great work! Make that money!
@diego-fl4zeАй бұрын
Do u use 8:30 or 9:30 as market opens
@grunpastur Жыл бұрын
Just saw this yesterday and joined your discord today. Maybe I can make some $$ watching your live video. Thank you for doing this!!! I'll be joining you every morning now.
@TradingDecoded Жыл бұрын
Awesome my friend! Thank you for the support and hopefully we can help ya out!
@Marlon_B-82 жыл бұрын
Thank you Jimmy. Good explanation. I’m glad you made this video. I’ve seen other people using the first 3 or 5 minute candle as the ORB. This seems better to me
@TradingDecoded2 жыл бұрын
No worries my friend. There are variations of the strat that deal with lower time frames but this is what they are all based off of.
@Marlon_B-82 жыл бұрын
@@TradingDecoded Do you use The Strat?
@TradingDecoded2 жыл бұрын
@@Marlon_B-8 I have but not regularly.
@maki66662 жыл бұрын
I watch your videos everyday. Thanks for giving such great contents. Keep it up Jimmy!
@TradingDecoded2 жыл бұрын
I’m try by guys. Thank you for the continued support.
@james130362 Жыл бұрын
Thanks. That makes sense.
@TradingDecoded Жыл бұрын
It’s just another tool in the belt my friend.
@braydeng5453 Жыл бұрын
Nice content bro keep it up👍👍👍👍
@TradingDecoded Жыл бұрын
Thank you will do.
@pragmatica10322 жыл бұрын
Thanks for this simple and clear explanation of the Opening Range Breakout strategy! I will definitely try this in the coming week. Where did you get the 42 to 45 % success rate from? Do you think that adding a stop loss at the entry increases the profitability in the long run? Not sure if my question is clear... What I mean is a 40ish % success on a trade that has the potential to catch say a $1+ move with a stop loss at say 25 cents(*) could make this a relatively sure play in terms of consistency. Is that reasoning right? (*) just throwing numbers here to make the point
@TradingDecoded2 жыл бұрын
I did some research and that was the percentage they gave. As for the stop, that amount will be up to you bud.
@kevinmahlendorf4955 Жыл бұрын
@@TradingDecoded who is “they”?
@garylalande7056 Жыл бұрын
Getting ready soon to start my free week; On simply buying Puts or Calls like in your videos wondering if really need a stop loss if buy an option for say $6.00 plus comish. SInce Can only lose this amount just let it ride for your profit target. Unless one is buying 50 of these options a diff story. Also, I hope your friend is okay--Stroke- Medical Technology is very good in this day of age. Gary L.
@TradingDecoded Жыл бұрын
$6.00 x 100 my friend. So the cost of that trade would be $600. You are controlling 100 shares of stock per option contract that’s why the multiplying of 100 is involved.
@1234TDM10 ай бұрын
Should the 30m vertical line be placed at :59 instead?
@mperez508 Жыл бұрын
Will adding a 200ema will give you a more significant insight of the trend
@TradingDecoded Жыл бұрын
Possibly. I dont use any indicators myself so if I want to know trend Ill look at a 5m chart.
@mperez508 Жыл бұрын
@@TradingDecoded thank appreciate your response.
@dillonalexanderthegreat Жыл бұрын
Very well explained. Thank you
@TradingDecoded Жыл бұрын
You’re welcome.
@roberto-iq8wv Жыл бұрын
What if it doesn't retest but keep going at the break, thank you and happy healthy New Year.
@TradingDecoded Жыл бұрын
Then you pass on the play.
@golf_dad4 ай бұрын
If there is no re-test after the ORB breakout, do you not take the trade? Thank you!
@TradingDecoded4 ай бұрын
I dont trade the ORB strategy. I would tell you to back test any strategy and see if its more likely to win or lose with and without a retest. We are looking for probabilities as we cant see the future my friend.
@mostafaaboraya5926 Жыл бұрын
Thanks for the video bro, but where could I put my stop lose?
@TradingDecoded Жыл бұрын
Trail your profits or have a stop at break even. Whichever you decide, just know your trade plan before you take the trade and follow it!
@mostafaaboraya5926 Жыл бұрын
Thanks for the response mate!
@dcloukey2 жыл бұрын
Thanks Boss!
@TradingDecoded2 жыл бұрын
Youre always welcome brother.
@ericberger4511 Жыл бұрын
I'm sorry. I've learned alot from you but at 4:03 you say, "if it's to the bottom you would be playing puts . . ." Wouldn't that supposed to be "playing CALLS", and then if it breaks to the the top, THEN you're playing puts? Because, why would i be messing with calls if the index is rising? Thanks for making these videos!
@TradingDecoded Жыл бұрын
Thank you for the questions but to be clear, you want to buy calls when a stock or index is rising and puts if a stock or index is dropping.
@ericberger4511 Жыл бұрын
@@TradingDecoded Ah! For some reason I thought you were talking about vertical spreads, not just buying a call or buying a put. Now I understand. Again, thank you very much!
@abdulhagen65352 жыл бұрын
Thank you 🙏
@TradingDecoded2 жыл бұрын
You got it brother.
@Success-bo7mt4 ай бұрын
Pls are u talking about the first 30mins of the opening of the market
@TradingDecoded4 ай бұрын
Typically yes but you can use it anytime of the day.
@omidnaqshbandi Жыл бұрын
💎 of a video
@TradingDecoded Жыл бұрын
Thank you!
@omidnaqshbandi Жыл бұрын
@@TradingDecoded you are welcome! You should make a video on 123 candles strategy, or if you have one can you share the link
@SpyTrader19884 ай бұрын
That’s crazy. I thought I had found a glitch in the market and other people know about it, lmao. Hilarious. Question; Is it weird if the winning for a month surpasses, 45%? I think I’m at 85-90% win rate.
@TradingDecoded4 ай бұрын
That’s awesome. Great work and keep it up!
@audreymasitsa9732Ай бұрын
Amazing vedio. Thank you!
@TradingDecodedАй бұрын
Awesome! I hope it was helpful!
@Mv3Trader Жыл бұрын
One man's yes is another man's no....
@TradingDecoded Жыл бұрын
Truth. Buyers and sellers.
@bluehorshoe92602 жыл бұрын
this strat looks like good clean fun on any given day! Thanks for making a vid on it 🫡 Not to steal your thunder SKI I know this is your jam 👮♀️🙌
@TradingDecoded2 жыл бұрын
Yea man. It’s pretty clear and easy. I made it because there seemed to be some confusion as to how it’s supposed to be played. There are variations of it obviously but this here is the main way.
@filipg8953 Жыл бұрын
Is there no Stoploss being used? neither breakeven positions? If there is no stoploss, how do you calculate your risk? It could be very small, when your EMA9 line is crossed by a small candle, but it could be huge with a long candle crossing that line!
@TradingDecoded Жыл бұрын
Every trader should have a trade plan. Your trade plan should always include an entry, take profit and a stop loss. Each trader is responsible for their own risk management. I have found that folks tend to ignore what others may suggest and find out what works best for them through their own experiences. I appreciate your feedback my friend.
@longislandpastandpresent2 жыл бұрын
Love the video and your way of teaching this, thanks for doing it! I had one question...what if when it breaks the resistance/support lines drawn but does not retest but rather just continues moving strong up (or down)? would you still not enter bc it didn't retest resistance/support?
@TradingDecoded2 жыл бұрын
Thanks for the kind words Paul. The answer is I wouldn’t take the trade. It’s tough to do but that is when fomo is at its worst. It takes a tremendous amount of restraint and discipline to watch a run keep running, but it’s important to wait for the setups in order to give us the highest probability of winning brother.
@longislandpastandpresent2 жыл бұрын
@@TradingDecoded awesome thanks!
@hadassah22 Жыл бұрын
Thank u for this
@TradingDecoded Жыл бұрын
Youre welcome my friend.
@CodeHarryy17 күн бұрын
What is the platform you are doing this analysis
@TradingDecoded17 күн бұрын
I am live during the day in our discord community. I share my charts using Trading View.
@CodeHarryy17 күн бұрын
@@TradingDecoded how do u put the opening market mark the red one is there any indicator that tells you where the market opened at what time
@grassisgreener88083 ай бұрын
Hey just wondering how you get the highlighted red section on the chart. I don't see that on mine. Im new to this
@TradingDecoded3 ай бұрын
It’s just the space between the high and low of a 30 minute block.
@katiemclendon96862 жыл бұрын
Thank you!
@TradingDecoded2 жыл бұрын
Sounds good! You’re welcome!
@ivanibarradelcueto64462 ай бұрын
so this is for stocks right? Forex NY session starts at 8 am. I trade gold so what would the best opening time be for me? Thanks!!!
@TradingDecoded2 ай бұрын
Yes its for stocks my friend. What are you trading in regards to gold? Futures?
@ivanibarradelcueto64462 ай бұрын
@@TradingDecoded I trade Gold Spot. So I have a NY session open at 8 am est and after that there is the core session open at 9:30 am est. So I am confused as to what the best opening time reference. Of course, I will backtest, just wanted to see if you had some insight. Thanks!!!
@mrbee33772 жыл бұрын
Thanks
@TradingDecoded2 жыл бұрын
Welcome
@joeloseh3944 ай бұрын
Hello sorry why did you use the 30mins time frame to set the support and resistance?
@TradingDecoded4 ай бұрын
Because they work way too often to ignore them my friend.
@joeloseh3944 ай бұрын
@@TradingDecoded ok thanks a lot.
@amergill40632 ай бұрын
Where would you place your stop loss with this strategy
@TradingDecoded2 ай бұрын
Probably would set it at the edge of the actual orb. Meaning i we close back in the box, stop out.
@amergill40632 ай бұрын
@@TradingDecoded thank you for replying much appreciated
@joeloseh3944 ай бұрын
And also which time zone are setting up the range?
@TradingDecoded4 ай бұрын
Im in market time zone. Eastern.
@joeloseh3944 ай бұрын
@@TradingDecoded please can this strategy be applied for any of the market times zone or strictly for the Et because I am in the London time zone?
@TradingDecoded4 ай бұрын
@@joeloseh394 yes, it should work on other things my friend.
@joeloseh3944 ай бұрын
@@TradingDecoded thanks a lot. I will go through your videos. I am certain you'll be the best mentor for me.
@adhilrambridge2233 Жыл бұрын
Are you plotting 30 mins post the london open?
@TradingDecoded Жыл бұрын
Im plotting from NYSE open.
@dollyvarden Жыл бұрын
Awesome video! Heading over to twitter to follow you there 😊!
@TradingDecoded Жыл бұрын
I appreciate your support.
@heisenberg377829 күн бұрын
where do you put your stop?
@TradingDecoded29 күн бұрын
I would put it somewhere near the support you would buying off of.
@danielwolsten37682 жыл бұрын
Jimmy you the man!
@TradingDecoded2 жыл бұрын
I am trying to help the best I can brother! Thank you!
@stasgershkovich3602 ай бұрын
Is it me slow, or there is an issue of knowing what time is actually the opening range starts? we all over the world and I can't possibly guess what time should I look at as an official "Open" please help me clear that out ahha
@TradingDecoded2 ай бұрын
The market opens at 9:30am EST.
@ivanibarradelcueto64462 ай бұрын
@@TradingDecodedso this is for stocks right? Forex NY session starts at 8 am. I trade gold so what would the best opening time be for me? Thanks!!!
@LetsVibe7612 ай бұрын
i use a 15min orb which means i have to mark out the first 15 min of the market open? or first 15min of the trading session? im confused by this
@TradingDecoded2 ай бұрын
Yes. You would find the high and low within any 15 minute period and that becomes your range. You can implement it during any time of the day.
@LetsVibe7612 ай бұрын
@@TradingDecoded we then use 15min period to confirm our entry? or we have to look into smaller time frames to entry
@shortingthetrend Жыл бұрын
Can you make a video using 13/48 ema crossings?
@TradingDecoded Жыл бұрын
I dont play the 13/38 cross strategy though. It’s not that I wouldn’t make the video, but I would have to test and use the strat for a bit for I did it so I could believe in it my friend.
@kieran69712 жыл бұрын
what software are you showing the candle sticks on?
@TradingDecoded2 жыл бұрын
I use Trading View for charting. There is a link in the description box if you want to try it out. Its an amazing platform.
@Swing_Edge Жыл бұрын
It's hard to shakeout positions that are already in profit. the basis of trend up or down days
@TradingDecoded Жыл бұрын
I would agree with this for sure.
@roberto-iq8wv Жыл бұрын
After entering a trade, if it doesn't go our way, where would be our stop lost? thank you.
@TradingDecoded Жыл бұрын
On the orb it would be a break below your entry point.
@roberto-iq8wv Жыл бұрын
@@TradingDecoded thank you.
@arifkurtlu46782 жыл бұрын
Thanks✌️
@TradingDecoded2 жыл бұрын
Welcome 😊
@robmccance5 ай бұрын
Thanks for the video. How did you get the 42-45% success rate figure?
@TradingDecoded5 ай бұрын
I’d have to rewatch the video for context. I made this a while ago bud.
@User_-me7hb4 ай бұрын
it aint that good.
@pipslord57232 жыл бұрын
Does this strategy work on volatility indices?
@TradingDecoded2 жыл бұрын
Support and Resistance should work on anything worth trading. Which indices are you referring to?
@MrStlover99 Жыл бұрын
Oh man. Volume is too perfect
@TradingDecoded Жыл бұрын
It works for some for sure!
@Marcus-x5j2 ай бұрын
Does this work on Xauusd?
@TradingDecoded2 ай бұрын
I’m not sure. Back test it to see if it works on currency.
@elijahnyendwa22812 жыл бұрын
What pairs is this used on and what time of the day
@TradingDecoded2 жыл бұрын
This is SPY and I use the 1 minute chart.
@elijahnyendwa22812 жыл бұрын
@@TradingDecoded alright thanks
@jojowildstar77738 ай бұрын
42% who? Maybe on choppy days
@jigneshsoni92632 жыл бұрын
Can you define what "breakout" , "retest" and "stay above"? It could really mean different to different people. Example...some may consider it as just price going to a certain level. Some may consider price closing above/below a certain level. This could be in different time frame. Depending on what the definitions are the result could be substantially different.
@TradingDecoded2 жыл бұрын
The rules for this strategy are very simple and defined as far as entry goes. The process is the same for any time frame. You let your ticker do what its going to do for the first 30 mins. You plot a line at HOD and LOD. Look for a bias within that time frame. Do the ticker navigate towards the support or the resistance? If towards resistance (HOD) and it break that line then you wait for a retest of that level. If you fall back into the opening range on the retest, then we dont take the trade.
@muhammadtariq-ox4li2 жыл бұрын
Is it works on crypto?
@TradingDecoded2 жыл бұрын
Understanding that nothing works 100% of the time, yes, it can work for crypto also.
@azizfahed98439 ай бұрын
I traded it with 15 m not 30 also using stochastic rsi
@TradingDecoded9 ай бұрын
Awesome.
@AaronMcConnell-t8jАй бұрын
Dejah Curve
@TradingDecodedАй бұрын
Sounds good to me!
@shortingthetrend Жыл бұрын
I used this strategy on Friday with spy. The orb is what helped me get out of a 396p at 45% gain when I saw a VWAP drop (bear trap) but didn't go below the resistance orb so I saw the trap, got out and got calls for a 230% gain 🤗
@TradingDecoded Жыл бұрын
Great job! Stick to the rules and you will succeed.
@maubiukwuteno55724 ай бұрын
I bet you knew everyone who watched this was gonna instantly subscribe coz I did Job well done!!!
@TradingDecoded4 ай бұрын
I appreciate you. Thank you for watching and I hope it helps!
@atimtg Жыл бұрын
62% win is not usually good enough for this on 0DTE
@TradingDecoded Жыл бұрын
Sounds good my friend. You don’t have to play it my man. Thank you for your feedback.
@mrretired2715 Жыл бұрын
Or do common shares no theta
@TradingDecoded Жыл бұрын
Sure. If you have an account that affords you the ability to buy 100 shares, absolutely! Either way works.
@mrretired2715 Жыл бұрын
@@TradingDecoded i have been trying options but the theta decay keeps catching me out. Is there a time period where the options theta decay matches shares
@TradingDecoded Жыл бұрын
@@mrretired2715 never. Shares don’t decay ever. They only react to price, not time. Options will always have a timer.
@mrretired2715 Жыл бұрын
@@TradingDecoded Hi this i understand. But im wondering is there an option time period 30days/40days/10days that reflects the share price in movement. What i mean is many times i am in the red , even if the share price has gone up loads (playing the upside) and then when it dips slightly it takes me compeletly in the red (where as on shares i would still be in profit at this point). So im wondering if in the up and down movement of the share price, is there an options contract that duplicates how your trade would be if it was purchased under shares. I also subbed as you have greatstuff here.
@Kailashbhakth4 ай бұрын
What’s your success rate with this strategy?
@TradingDecoded4 ай бұрын
I dont trade it. Its better than 50% though.
@CompleteGain4 ай бұрын
Ty just lost 10k usd❤
@TradingDecoded4 ай бұрын
You did it wrong. I would also consider sizing down until you understand how to trade the strategy. Chin up! Youll get em next time!
@moisestorres1003 ай бұрын
This comment is so funny 😂 blaming someone for your own mistakes 🤣
@rommul13892 жыл бұрын
That's ђ
@Mz200k2 жыл бұрын
#replay
@TradingDecoded2 жыл бұрын
Get it!
@thomasrandle2000Ай бұрын
42% so less than a flip of a coin
@TradingDecodedАй бұрын
Sounds good to me.
@RoseWilson-u2t2 ай бұрын
Moore Jessica Garcia Kenneth Lewis Betty
@TradingDecoded2 ай бұрын
Sounds good. Lol
@Reektrades2 жыл бұрын
First lol
@TradingDecoded2 жыл бұрын
Of course you are, lol
@olegolegb30115 ай бұрын
Do the opposite and you would get 55-58% winning rate🤑
@TradingDecoded5 ай бұрын
That’s not good enough for me. However, it’s a good improvement for many my friend.