Thread by @Jduntrades

This “ORB” Trading Strategy Is Practically Foolproof…

My best year is $842,000
My biggest payout is $50,000
My win rate stays above 70-80%
I’ve been trading for 10 years now

I’ve tried everything over the past 10 years. I finally realized this ACTUALLY works.

A thread 🧵

Now I will give you the sauce, but I need to remind you I trade LIVE for FREE every day on YouTube (Jduntrades)

I have the confidence to trade this and call my entries in front of 1,000s of traders daily because…. It works

I hope you take this and trade smart / safe..let’s go

Step 1: The Truth of the ‘ORB’

“Wait until we start breaking above or below the 15M opening range high or low and then take a position” FALSE

This is the exact reason traders accounts get beaten down trying the ‘ORB’

The method I’m going to teach you involves several key levels, volume, and price action to make sure that doesn’t happen

Let’s dive deeper

Step 2: The key levels you NEED to know

Every morning I market out these 4 levels

15M high, 15M low, PMH, PML

This provides us a foundation for the day.

When it comes to the ‘ORB’ I actually prefer to call it the ‘ORR’ or the opening range READ. We read, and then we react

Step 3: Using price to confirm these key levels

You see here price is breaking ABOVE our 15M high (marked in blue)

The critical part of this is that we are moving up on RISING volume on the 5M time frame with aggressive 5M candles (marked with green arrows)

This confirms that step 4 will be fully in effect for a potential entry

Step 4: The real trade. The RETEST

We don’t buy breakouts. We buy retests.

We don’t want to get trapped at the top or bottom. We want good, high probability, low risk entries.

This is where you use your Fibonacci retracement tool, wait for the .5-.618 retracement, and enter as we push down into it & towards our previous 15M high (this example from today was slightly higher)

Our entry today was in the green circle at 399. This meant with our stop loss below the 15M high (step 5) we had 40 points of risk. Visualized. Accepted. Put in place.

Please read step 5 next

Step 5: The visualized stop loss

Before every trade I take, I set my hard stop and accept the risk

This has been a MASSIVE help in my psychology and acceptance of losers.

I like 30-40 points of risk / trade on $NQ however some may have more or less.

I also like to put stop losses right above / below key levels. In this case to the upside, it was below. You have to give your trade room to breathe and if we had breached that 359 stop area, the trade was no longer valid

Step 6: The discipline. The patience. The focus.

HOLD YOUR DAMN WINNERS!

“Nobody went broke taking profit” false.

If you continually sell your winners too early then your losers will ALWAYS outweigh them.

We use pre market high as our price target and prioritize R/R. This trade risked 40 to make over 100. 2R+

I am a huge advocate for using key levels as price targets and really focusing on holding at least part of the positions as free runners

Step 7: The promise to yourself.

You cannot allow yourself to keep blowing up, breaking promises, and taking steps backward.

Make a promise to yourself that a new future is ahead of you in your trading

I help my students trade smart, trade safe, and stay disciplined EVERY MORNING. It’s 100% free on YouTube.

If you got value from this, I ask 2 things.

1. Hit that repost ♻️ to share value with others
2. Go subscribe to my YouTube (Jduntrades) and join me every morning at 9:30AM ET for live trading.

Let’s get rich, together 🤝 ❤️