ORB strategy

1. Consider 6 bars after opening. Most relevant one would be the 4 th, 5th and 6th.
2. Or consider only the 1st 3 bars. If first bar is too big for the range
dont consider that.
3. Take the highest and lowest point as opening range.
4. Now take trade as e5 crosses one of this line.
5. Stop loss or early exit and/or reversal points
a. Even before flying towards the breakout direction, if reverses and
crosses the other OR boundary (high/low line: ref pt 2)
b. Even before flying towards the breakout direction, if reverses and
crosses the nearest pivot system line (no hourly line crossing
considered if any pivot line is nearby)
c. In continuation to point b, if any pivot system line is not nearby then
EARLY reversal at hourly or daily lines can be considered.
d. Even before flying towards the breakout direction, if reverses and e5
takes opposite side of e13 and e34(see 5-13-34 signal) then exit
6. Profit: when your profit point target is fulfilled or when the e5 line reverses at
any pivot line.
7. For next swings and trade signals go for e5 crossing vs pivot system
lines.
8. Can ensure profit by trailing stop loss.
Note: if just after breakout price reverses and touch e34 and then again turns
towards breakout direction then its advised to exit from position once price touches
the hi/lo point made after breakout (before reversing). Take next trades from pivot
crossing by e5.