Thread by @Mc5calpAfee

I use 2 strategies to trade the market. 1 is an open range expansion/breakout trade setup using the first 15 minutes of the opening range 930-45am eastern time. The second Is an Equilibrium/Mean Reversion trading strategy using the 6, 630, 7, 7340, & 8 hourly candles.

Strategy 1 15m ORB
1. Wait for the 930-945 opening candle to form and close
2. wait for a break AND close outside of that 15m range on the 3 or the 5 minute timeframe (i usually use the 5 lately)
3. enter at open of next candle or retest of orb
4. Target 50% of ORB range

Break and close. You have 2 choices here You can enter at open of next candle or wait on the retest. Set profit to 50% of ORB range above. Stop can be below breakout candle or below orb midline. Both entries worked on this day. 2.2.26

Nice strong candle close just below orb low, enter short target 50% of orb below, stop breakout candle high. winner 2.3.26

This day not as straight forward you could enter on the breakout candle with stop above and wouldve got a small win to 50% but the risk to reward wasnt as good. I'd prefer a retest on this day and stop above breakout candle would barely miss stop out and run to tp 2.4.26

Here is a day that provides an advanced entry and a regul entry. 1st this shows could not close over teh highs and gavbe a strong candle inside. Enter short stop above high target orb low. 2 if you took regular breakout short would've either stopped for a loss or breakeven 2.5.26

Initial breakout was weak and I personally dont like doji candles for entry but for rules sake it'd be a loss. Then the next breakout you could enter and hit 50% tp to get a green day. Breakeven above previous high on 2nd entry and it's a free trade 2.6.26

Not everyday is going to be clean. But if you follow the steps and the rules each day you'll win more often than you lose. And the losses will typically be smaller than the wins. Anyways let's continue on. Any questions definitely reach out to me!

Here is an example why trading rules have to reflect price action. Breakout candle check, however big fvg below so likely it'll come back for that so I use that as entry or at least set stop below fvg instead of my breakout candle. Fvg or retest entry work here. 2.9.26

MY FAVORITE EXAMPLE OF WHEN TO BE CAREFUL! Previous day high is just above/below Orb. Often will reject and go back in range. I either avoid these altogether or go breakeven at touch of previous day high/low if mechanical rules followed it is a loss more often than a win. 2.10.26

Trying to give many different types of examples. here is a picture-perfect break retest and 50% hit but also price so strong you can hold a runner if you want to liquidity below. Personally, I don't usually do runners but thought I'd include for those who do. 2.11.26

No entry day here. Breakout candle hit 50% never retraced and kept going. Huge move down and never stopped. I personally miss these days and that's ok. 2.12.26

This example shows 2 break and retest entries and wins. Yes you can do this more than once. Wanted to include this example to show that! enter stop below breakout candle target 50%. Rinse repeat. 2.13.26

Today gave a great example of sometimes it'll breakout and you enter and it'll consolidate at orb but as long as it stays where it is that's usually showing resistance and eventually will run to 50% as it did here today. 4.8.26

Hopefully I gave enough different type of examples for you to trade ORB more effectively. The first 2 weeks of Feb really gave us a mixed bag that's why I thought it was a good time area to show for my examples for this thread.

Next I'll be going over the equilibrium mean reversion magic hour whatever you want to call it setup rules and examples. Hope you are getting value from this. thanks for reading so far! I'd recommend using/mastering 1 or 2 of the following time based setups I'm showing next next.

1. Setup valid on hr candle of 6, 630, 7, 730, 8
2. Setup valid for 4 hours after the selected hr close
3. Use 3 or 5m chart and wait for break of high or low of hr
4. Close inside range enter target mid point.
5. Close outside enter when retest to mid

6am probabilities over the last 322 trading days. 245 of those days were trading days and 213 of those days were winning days. I'll give a few examples of the 6am.

Break above wait for retest. Enter immediately stopped out. Price runs for a while but we have 4hrs for this to work. Another limit set short at hr high to mid finally taps in runs straight to tp. Not all days are clean great example here of that. 3.30.26

Breaks and closes below now we wait for a retest long to mid point. Initially almost get tapped in but misses it by 2 ticks on that label I have. Eventually does tap us in and in under 5minutes hits tp. Patience pays for a quick tp on this one. 4.2.26

630-730 the past 322 trading days 264 tradeable setups. 242 winners.

Breakout and close above limit order at the high toward the mid point. It tags us in stop at the previous high for an easy winner. 4.1.26 - explanations are simple beacuse this is really all I look for over and over

Breakout below. Enter at retest stop below low for a small loss, but it's not over. Set another limit order at the hour low again. This time tagged in again with stop at low for a nice win making up for the loss. Its about trusting the process and cutting your losses early 4.2.26

7am hour setups aka Magic hour. 243 tradeable setups in the past 322 trading days. 224 winners and 19 losing days. Let's checkout a couple example using the same processes from above. Repetition is key.

7am hr range set. 5m candle closes outside. Buy set at the low of the candle with tp at mid point of candle. Stop loss at the low for an instant winner. 4.1.26
(This is the max length of threads on here so unfortunately, I'll do another thread with more examples next time!)