Thread by @AdityaTodmal

Some of the best tweets on Opening Range Breakouts. (ORB)

Complied some tweets by the following handles for easy learning

1. Trade with Trend @ST_PYI
2. Bhatia brothers @ArjunB9591 @SANAMBHATIA99

Slightly long read ....

(1/18)

A video by @ST_PYI explaining
1. What is ORB?
2. Best Timeframe
3. Strategy
4. How to select stocks for this strategy.

(2/18)

Some examples by @ST_PYI on charts with explanations. Links of tweets provided

1.

https://twitter.com/ST_PYI/status/1283035937304383489?s=19

2.

https://twitter.com/ST_PYI/status/1280133571789742080?s=19

3.

https://twitter.com/ST_PYI/status/1273608967113945091?s=19

(3/18)

3.

https://twitter.com/ST_PYI/status/1279076543617064961?s=19

4.

https://twitter.com/ST_PYI/status/1258030432622219265?s=19

5.

https://twitter.com/ST_PYI/status/1263102583939334147?s=19

(4/18)

6.

https://twitter.com/ST_PYI/status/1277962175613505539?s=19

7.

https://twitter.com/ST_PYI/status/1265639249505775616?s=19

(5/18)

@ArjunB9591 & @SANAMBHATIA99 shared their webinar content with me too

Sharing their
1. Strategy for option buying with ORB
2. How to sell options with ORB
3. Timeframe
4. Some pro tips
5. Examples with charts

(6/18)

RULES FOR OPTIONS TRADING:

TIME FRAME REQUIRED 5 MINUTES

CHART – BANK NIFTY SPOT

NO INDICATORS TO BE USED

WE HAVE TO CHOOSE STRIKE ACCORDING TO RANGE OF BNF SPOT

TIME FRAME will be 5 MINUTES
MAXIMUM STOPLOSS WILL BE 60 POINTS 1500 RS

(7/18)

RISK REWARD WILL BE MINIMUM 1:1

IF TRADING WITH MORE THAN ONE LOT BOOK HALF AT 1R AND REST KEEP TRAILING.

WE WILL NEVER TAKE ANOTHER TRADE IF SL GETS HIT.

DONT TRY TO MIX THIS WITH GREEK OR OI OR ANY OTHER THING BECAUSE WE DON’T LOOK FOR OTHER THINGS .

(8/18)

IF YOU WANT YOU CAN , ITS YOUR IMPROVISATION OR EDGE THEN DON’T BLAME THIS STRATEGY.

NO TRADE BEFORE 9:45

TALKING ABOUT STRATEGY :-

1. WHAT WE HAVE TO DO AS SOON AS MARKET OPENS AT 9:15 WE WILL WAIT FOR 7 CANDLES TO BE FORMED.

(9/18)

2. THEN WE WILL MARK THE HIGHEST HIGH AMONG THOSE 7 CANDLES AND LOWEST LOW AMONG THOSE 7 CANDLES AND THEN JUST WAIT FOR BREAKOUT OR BREAKDOWN TO HAPPEN.

(10/18)

Some examples below:

1. IN THIS CASE ON 28TH AUGUST BREAKOUT HAPPENED AT 10:25 AM CANDLE IN BANK NIFTY SPOT SO IT’S A BUY TRADE

NOW HOW TO CHOSE STRIKE PRICE THE LINES THAT WE HAVE MARKED IN BANKNIFTY SPOT WE HAVE TO LOOK AT THAT BREAKOUT CANDLE PRICE

(11/18)

AS ITS 23973 ALWAYS WE WILL CHOOSE AT THE MONEY CALL OR PUT SO IN THIS CASE THE STRIKE FOR OPTION BUYING WILL BE 24000CE
WE WILL NOW OPEN 24000CE CHART SAME 5 MINUTES AND JUMP TO THE 10:25 AM CANDLE THE TIME WILL BE SAME AS OF THE BANKNIFTY BREAKOUT CANDLE

(12/18)

SO YOU HAVE TO BUY AT HIGH OF THAT 10:25 AM CANDLE WITH A STOP LOSS OF MAXIMUM 60 POINTS
PRO TIP – ALWAYS TRY TO ENTER ON RETRACEMENTS IF TRADING WITH ONE OR MORE LOT IT WILL BE BENEFICIAL IN LONG TERM
SO WE BOUGHT 24000CE AT 290 IT WENT TILL 816.

(13/18)

NOW COMING TO OPTIONS SELLING
SAME RULES TO BE FOLLOWED AS WE HAVE MADE TWO HORIZONTAL LINES IN CASE OF OPTION SELLING WE WILL CHOOSE THE OPPOSITE HORIZONTAL AND STRIKE PRICE WILL BE CHOSEN AT THE MONEY
FOR EG ON 28 AUG THE OPPOSITE HORIZONTAL LINE’S PRICE WAS 23604

(14/18)

SO TAKING AT THE MONEY PUT IT WILL BECOME 23600 PE

WE SOLD IT AT 180 WITH 60 POINT SL
AND IT WENT FROM 180 TO 93 AGAIN

ITS YOUR SMARTNESS HOW MUCH YOU CAN GRAB.

(15/18)

ONE MORE EXAMPLE TAKEN OF 31 AUG
WE MARKED HIGH AND LOW OF FIRST SEVEN CANDLES AND THEN WE GOT A BREAKDOWN ON OUR LINE
PRICE AT LINE WAS 24751 SO WE TOOK 24700 PE FOR OPTIONS BUYING
WE BOUGHT IT AT 422 WITH AN SL OF 60 POINTS IT WENT TILL 1417 GIVEN MORE THAN 900 POINTS

(16/18)

AND IN CASE OF OPTION SELLING WE SAW THE PRICE OF OPPOSITE LINE AND IT WAS 25228 SO TAKING ATM IT BECAME 25300
SO WE WILL SELL 25300 CE AT THE TIME OF BREAKDOWN CANDLE THATIS AT 10:00 AM CANDLE AT 173 WENT TILL 53

(17/18)

I think this much information should be enough for anyone who wants to learn about ORB.

Everything complied into one thread.

END
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(18/18)