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Showing content with the highest reputation on 09/05/2019 in all areas

  1. 2 points
    I think you said it yourself, there are different ways of trading, none is better than the other. If you think about it, trade ideas scanner calls out for orbs after they break above the wicks, most of us here including Andrew take it after the break of the body(cuz it's the place where the candle closed as you mentioned, and as you said, getting in after the break of the wick can be so far, bigger room for stop, less size, and more difficult to get to the target. In my own opinion, ORBs are more difficult than they look like, it sounds easy to trade them, take the break of the 5 min, 1 min, 2 min, or whatever time frame you wanna take, but it's not that easy, you've to analyze the price action, the power of sellers and buyers, and have a bit of bias according to premarket action or the ma's/daily levels below, above, or from which the price action bounces The best for me is to see an abcd on the 1 when taking 5 min orb, abcd on 5 when taking 15 min orb, or seeing the price action holding some kind of ma and according to it take the orb with stop below that ma, basically it comes up to an ORB, but with a mini setup. Not to forget the main rules for an ORB which are small body candle, small wicks, closer to vwap So bascially, if the setup on the 1 (abcd) is completed, and the C is visible, new 1 min high is the break of the body of the 5 I'll take it to the long for the break of the body. If the mini setup is completed with a perfect entry but above the wick of the 5, then I'll take an ORB when it breaks the wicks, it all depends on the indicators we've, what they're telling us, and the bigger picture we see after combining the small details!
  2. 1 point
    Glad to see that you were able to manage the losses to the minimum Mark!
  3. 1 point
    Hey all the BBT family, first of all i would like to say how great the Wednesday workshop classes are, i'm learning more and more every week and would like to thank all moderators for all the work their putting it, its not going to waste. Not sure if your doing requests but my motto is if you don't ask then you don't get . I would like to suggest some Wednesday workshop classes that I would like to see, which will hopefully benefit all of us in the community: At the moment i'm trying to master Brian's double bottom/top reversal strategy, I see this appearing most days and the risk:reward makes it worth it, so i was hoping Brian could take time out of his busy schedule to do a class on his reversal strategy. I think If he could share all the valuable experience that he has trading this strategy with us it would be much appreciated, for instance when this strategy is most likely to succeed/fail and his thought process when he sees this setup appearing . At the moment my trading price range out of the watch-list is between $20 and $100, i struggle to trade any high price stocks as i'm unsure how they trade on a day to day basis and the high price does scare me, so if Norm could do a classes on trading the regular high price stock which he trades daily like: NVDA, FB, APPL and ROKU. If he could share the strategies he uses and the Risk:reward position that he takes i think it would benefit all of us in the community. Keep up all the good work, I've been a member for a year now and hopefully many more years to come. thanks ANTHONY_UK
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