The ORB Strategy Made Easy

[@KingLeeInvestments]

Use Option/ALT V to make a vertical line on a TradingView chart. This video is gold.

[@TradingDecoded]

I appreciate you watching. Thank you!

[@bryanspell]

Thank you for this easy-to-understand video. I'm going to try it in the near future.

[@TradingDecoded]

That’s awesome and you are very welcome. I hope it works out for you my friend.

[@keithsaunders3378]

Commenting to support the channel! Thanks keep it up

[@TradingDecoded]

Thanks brother!

[@Bm09132]

All i can say is wow... very easy to understand.. Thank you🤝

[@TradingDecoded]

You are welcome

[@paulkennedy4305]

Another video with experienced insights. Thank you. Paul

[@TradingDecoded]

Thanks for watching Paul. I appreciate you.

[@hmtempla]

Thanks Jimmy you are a good teacher.

[@TradingDecoded]

Thank you. I am trying.

[@bobbyclark5076]

As always comming with great content!

[@TradingDecoded]

Im on a mission brother. Youve been with me the whole time too!

[@jonathanheaden9982]

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]

Sounds good my man. If it makes money that’s all that matters brother. Good stuff!

[@johndoe-km5st]

Wym when you say 4hr time frame ..?

[@christopherpuffer8400]

Appreciate you. Your humility is admirable 👊

[@TradingDecoded]

Its a must in this business brother. SPY will remind you to be humble every chance you let her.

[@TheeFibonaSki-FIBs-]

Great explanation. I love the orb I just modified it for my trading style

[@TradingDecoded]

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-hz1cg]

how did you modify yours ??

[@TheeFibonaSki-FIBs-]

@@tonytony-hz1cgI do a 3 minute ORB.

[@waltermorris5786]

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]

You're welcome! The orb can be played on many time frames to be honest. 3m, 5m, 30m and so on.

[@johndoe-km5st]

@@TradingDecodedwhat do you mean when you say different time frames ..?

[@dannyj45h33]

Post more strategies and topics of area you would think we would need more knowledge on. This hits the criteria for me. Thanks

[@TradingDecoded]

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]

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]

Great job! Thank you for watching!

[@acuero29]

Thank you for your Time brother

[@TradingDecoded]

Always! Thank you for the support my man!

[@tabban218]

Great information on ORB thanks

[@TradingDecoded]

You’re welcome.

[@trey9048]

Love this strategy , thank you for all you do Jimmy!

[@TradingDecoded]

Its a pretty simple one to follow brother. Give it a try.

[@Blindsquirrel74]

Thanks Jimmy!

[@TradingDecoded]

Youre welcome my man!

[@savageroaster5088]

really appreciate the videos. Thank you man.

[@TradingDecoded]

No worries brother! Thank you for watching them.

[@michaeldevlin6320]

Has been very effective on NQ last few weeks. Once NQ leaves the opening range it can run 100 handles no problem.

[@TradingDecoded]

Good to know! Great work! Make that money!

[@diego-fl4ze]

Do u use 8:30 or 9:30 as market opens

[@grunpastur]

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]

Awesome my friend! Thank you for the support and hopefully we can help ya out!

[@Marlon_B-8]

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

[@TradingDecoded]

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-8]

@@TradingDecoded Do you use The Strat?

[@TradingDecoded]

@@Marlon_B-8 I have but not regularly.

[@maki6666]

I watch your videos everyday. Thanks for giving such great contents. Keep it up Jimmy!

[@TradingDecoded]

I’m try by guys. Thank you for the continued support.

[@james130362]

Thanks. That makes sense.

[@TradingDecoded]

It’s just another tool in the belt my friend.

[@braydeng5453]

Nice content bro keep it up👍👍👍👍

[@TradingDecoded]

Thank you will do.

[@pragmatica1032]

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

[@TradingDecoded]

I did some research and that was the percentage they gave. As for the stop, that amount will be up to you bud.

[@kevinmahlendorf4955]

@@TradingDecoded who is “they”?

[@garylalande7056]

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]

$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.

[@1234TDM]

Should the 30m vertical line be placed at :59 instead?

[@mperez508]

Will adding a 200ema will give you a more significant insight of the trend

[@TradingDecoded]

Possibly. I dont use any indicators myself so if I want to know trend Ill look at a 5m chart.

[@mperez508]

@@TradingDecoded thank appreciate your response.

[@dillonalexanderthegreat]

Very well explained. Thank you

[@TradingDecoded]

You’re welcome.

[@roberto-iq8wv]

What if it doesn't retest but keep going at the break, thank you and happy healthy New Year.

[@TradingDecoded]

Then you pass on the play.

[@golf_dad]

If there is no re-test after the ORB breakout, do you not take the trade? Thank you!

[@TradingDecoded]

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]

Thanks for the video bro, but where could I put my stop lose?

[@TradingDecoded]

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]

Thanks for the response mate!

[@dcloukey]

Thanks Boss!

[@TradingDecoded]

Youre always welcome brother.

[@ericberger4511]

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]

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]

@@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!

[@abdulhagen6535]

Thank you 🙏

[@TradingDecoded]

You got it brother.

[@Success-bo7mt]

Pls are u talking about the first 30mins of the opening of the market

[@TradingDecoded]

Typically yes but you can use it anytime of the day.

[@omidnaqshbandi]

💎 of a video

[@TradingDecoded]

Thank you!

[@omidnaqshbandi]

@@TradingDecoded you are welcome! You should make a video on 123 candles strategy, or if you have one can you share the link

[@SpyTrader1988]

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.

[@TradingDecoded]

That’s awesome. Great work and keep it up!

[@audreymasitsa9732]

Amazing vedio. Thank you!

[@TradingDecoded]

Awesome! I hope it was helpful!

[@Mv3Trader]

One man's yes is another man's no....

[@TradingDecoded]

Truth. Buyers and sellers.

[@bluehorshoe9260]

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 👮‍♀️🙌

[@TradingDecoded]

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]

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]

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.

[@longislandpastandpresent]

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?

[@TradingDecoded]

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.

[@longislandpastandpresent]

@@TradingDecoded awesome thanks!

[@hadassah22]

Thank u for this

[@TradingDecoded]

Youre welcome my friend.

[@CodeHarryy]

What is the platform you are doing this analysis

[@TradingDecoded]

I am live during the day in our discord community. I share my charts using Trading View.

[@CodeHarryy]

@@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

[@grassisgreener8808]

Hey just wondering how you get the highlighted red section on the chart. I don't see that on mine. Im new to this

[@TradingDecoded]

It’s just the space between the high and low of a 30 minute block.

[@katiemclendon9686]

Thank you!

[@TradingDecoded]

Sounds good! You’re welcome!

[@ivanibarradelcueto6446]

⁠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!!!

[@TradingDecoded]

Yes its for stocks my friend. What are you trading in regards to gold? Futures?

[@ivanibarradelcueto6446]

@@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!!!

[@mrbee3377]

Thanks

[@TradingDecoded]

Welcome

[@joeloseh394]

Hello sorry why did you use the 30mins time frame to set the support and resistance?

[@TradingDecoded]

Because they work way too often to ignore them my friend.

[@joeloseh394]

@@TradingDecoded ok thanks a lot.

[@amergill4063]

Where would you place your stop loss with this strategy

[@TradingDecoded]

Probably would set it at the edge of the actual orb. Meaning i we close back in the box, stop out.

[@amergill4063]

@@TradingDecoded thank you for replying much appreciated

[@joeloseh394]

And also which time zone are setting up the range?

[@TradingDecoded]

Im in market time zone. Eastern.

[@joeloseh394]

@@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?

[@TradingDecoded]

@@joeloseh394 yes, it should work on other things my friend.

[@joeloseh394]

@@TradingDecoded thanks a lot. I will go through your videos. I am certain you'll be the best mentor for me.

[@adhilrambridge2233]

Are you plotting 30 mins post the london open?

[@TradingDecoded]

Im plotting from NYSE open.

[@dollyvarden]

Awesome video! Heading over to twitter to follow you there 😊!

[@TradingDecoded]

I appreciate your support.

[@heisenberg3778]

where do you put your stop?

[@TradingDecoded]

I would put it somewhere near the support you would buying off of.

[@danielwolsten3768]

Jimmy you the man!

[@TradingDecoded]

I am trying to help the best I can brother! Thank you!

[@stasgershkovich360]

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

[@TradingDecoded]

The market opens at 9:30am EST.

[@ivanibarradelcueto6446]

@@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!!!

[@LetsVibe761]

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

[@TradingDecoded]

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.

[@LetsVibe761]

@@TradingDecoded we then use 15min period to confirm our entry? or we have to look into smaller time frames to entry

[@shortingthetrend]

Can you make a video using 13/48 ema crossings?

[@TradingDecoded]

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.

[@kieran6971]

what software are you showing the candle sticks on?

[@TradingDecoded]

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]

It's hard to shakeout positions that are already in profit. the basis of trend up or down days

[@TradingDecoded]

I would agree with this for sure.

[@roberto-iq8wv]

After entering a trade, if it doesn't go our way, where would be our stop lost? thank you.

[@TradingDecoded]

On the orb it would be a break below your entry point.

[@roberto-iq8wv]

@@TradingDecoded thank you.

[@arifkurtlu4678]

Thanks✌️

[@TradingDecoded]

Welcome 😊

[@robmccance]

Thanks for the video. How did you get the 42-45% success rate figure?

[@TradingDecoded]

I’d have to rewatch the video for context. I made this a while ago bud.

[@User_-me7hb]

it aint that good.

[@pipslord5723]

Does this strategy work on volatility indices?

[@TradingDecoded]

Support and Resistance should work on anything worth trading. Which indices are you referring to?

[@MrStlover99]

Oh man. Volume is too perfect

[@TradingDecoded]

It works for some for sure!

[@Marcus-x5j]

Does this work on Xauusd?

[@TradingDecoded]

I’m not sure. Back test it to see if it works on currency.

[@elijahnyendwa2281]

What pairs is this used on and what time of the day

[@TradingDecoded]

This is SPY and I use the 1 minute chart.

[@elijahnyendwa2281]

@@TradingDecoded alright thanks

[@jojowildstar7773]

42% who? Maybe on choppy days

[@jigneshsoni9263]

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.

[@TradingDecoded]

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-ox4li]

Is it works on crypto?

[@TradingDecoded]

Understanding that nothing works 100% of the time, yes, it can work for crypto also.

[@azizfahed9843]

I traded it with 15 m not 30 also using stochastic rsi

[@TradingDecoded]

Awesome.

[@AaronMcConnell-t8j]

Dejah Curve

[@TradingDecoded]

Sounds good to me!

[@shortingthetrend]

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]

Great job! Stick to the rules and you will succeed.

[@maubiukwuteno5572]

I bet you knew everyone who watched this was gonna instantly subscribe coz I did Job well done!!!

[@TradingDecoded]

I appreciate you. Thank you for watching and I hope it helps!

[@atimtg]

62% win is not usually good enough for this on 0DTE

[@TradingDecoded]

Sounds good my friend. You don’t have to play it my man. Thank you for your feedback.

[@mrretired2715]

Or do common shares no theta

[@TradingDecoded]

Sure. If you have an account that affords you the ability to buy 100 shares, absolutely! Either way works.

[@mrretired2715]

@@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]

@@mrretired2715 never. Shares don’t decay ever. They only react to price, not time. Options will always have a timer.

[@mrretired2715]

@@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.

[@Kailashbhakth]

What’s your success rate with this strategy?

[@TradingDecoded]

I dont trade it. Its better than 50% though.

[@CompleteGain]

Ty just lost 10k usd❤

[@TradingDecoded]

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!

[@moisestorres100]

This comment is so funny 😂 blaming someone for your own mistakes 🤣

[@rommul1389]

That's ђ

[@Mz200k]

#replay

[@TradingDecoded]

Get it!

[@thomasrandle2000]

42% so less than a flip of a coin

[@TradingDecoded]

Sounds good to me.

[@RoseWilson-u2t]

Moore Jessica Garcia Kenneth Lewis Betty

[@TradingDecoded]

Sounds good. Lol

[@Reektrades]

First lol

[@TradingDecoded]

Of course you are, lol

[@olegolegb3011]

Do the opposite and you would get 55-58% winning rate🤑

[@TradingDecoded]

That’s not good enough for me. However, it’s a good improvement for many my friend.

[@irbinbe.mendoza8548]

THANKS

[@TradingDecoded]

You're welcome!