Document

Report
O.R.B.S Method
Hubert Senters
The Story of ORBS
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The Power of a Master Mind Program
Compass FX Kim, Scott & Dean
D.O.T.S for MetaTrader
Found that it was helping
Focus on Forex
Told us to run with it
ORBS
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Open
Range
Break Out
System
What is O.R.B.S Doing
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Looks at past ATR
Then Draws the lines based on that range
If it hits this price
Then is probably going to hit this price
Trending Algorithm will have bigger targets
Main Methods
• Intraday:
8 hours or less
• Overnight: 23 hours or less
• Swing Trade: Longer then 23 hours
4 Step Process
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Enter long at buy level
Enter stop level
Enter Target #1
Enter Target #2
4 Step Process
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Enter short at sell level
Enter stop level
Enter Target #1
Enter Target #2
Trading Rules
• The ORB Indicator Levels are Determined at the Open of the
Session.
• Enter trade at Buy Level (for Buy Signal) or Sell Level (for Sell
Signal).
• Exit Trade at Stop Level if hit before Target Level.
• Consider partial or full exit at Target #1 & move stop to BE or Trail
• Consider partial or full exit at Target #2 & move stop to T1 or Trail
• Consider re-entry if market holds Daily Open Level.
• Use filters to confirm trend and market direction.
Pick Your Types
• Conservative
• Moderate
• Aggressive
Keep it Simple Kiss Method
• First identify the trend
• Go with that and ignore the other signals
Identify the trend
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Guppy MA
TTM Trend
Cloud Charts
Above the blue long below blue short
Conservative
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Trend Trade Only
Pick the Direction of the daily Trend
Use the 30 min Guppy as a filter
Only trade in the direction of the Daily Trend
One trade Max
Target 1 Sell ½ move stop to break even or trail
Target 2 Sell the rest
Moderate
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Trend and Counter Trend
Pick the Direction of the daily Trend
Use the 30 min Guppy as a filter
Trade direction Daily Trend or Counter Trend
Trade Max 2 times
Target 1 Sell ½ move stop to break even or trail
Target 2 Sell the rest
Counter trend Trades
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TTM Color Change
Value Chart Red Tails
Close above the high of the low bar
Close below the low of the high bar
Aggressive
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Trend and Counter Trend
Direction 30 min Guppy
Use the 5 min Guppy as a filter
Trade both sides
Trade Max 2 times each side
Guppy Rules
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30 min Chart filter, I use a 5 min also
Follow longer term MA
Price above Longer Term MA bullish
Price below Longer Term MA bearish
Short Term MA for Entry
Separation and angle of attack
Scan for Trends with
Momentum
• http://stockcharts.com
• http://www.barchart.com
Go Live Charts Scan for
Trades

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