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5M ATR(6) ...... Average True Range for 6 periods (5 min candles x 6 periods) --- it generally measures the volatility of the stocks for the last 6 candles on a 5 minute chart.

Welcome to the group. I do not like answering a question by asking a question, but eventually I will have to ask a few in this case. ORB's are thought to be easy bcoz u see and entry signal, the hard part is the STOP placement. In Ed's Chat Room he has very very specific rules for ENTRY, STOP and TARGETS (i.e. levels). Not sure if ur STOP was within his rules which is a 5M ATR6. If u have not been in his room strongly suggest u visit and ask for the link to his 3 recent vids he did while being a BBT Mod. They explain his 5M ORB specifics in detail and how to read Price Action, PA. His vids have not been uploaded to education center yet, they will be, but members in the room will share a temp link to them. So onto the questions: (which I do not like to ask.......as it can be frustrating as a beginner without the right knowledge) 1. I assume its a 5M ORB, where was the STOP calculated to be ? Why ? 2. Did u draw levels ? Where did u identify these levels ? 3. What was target ? 4. Did stock have catalyst ? or u traded with MARKET direction ? 5. Awesome u STOP-ped out .....if that was part of ur PLAN. Didi u have a PLAN ? 6. Not all ORBs work...they do fail.....and u need to understand the PROBABILITIES for success with ur SETUPS. Look forward to seeing u in Ed's Chat room.