In this video I show you how I used the Opening Range / Initial Balance indicator for a winning trade of 100 points on the NQ.
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0) This strategy is designed for the NQ 5 minute candles. The Value Area is defined as 70% of the previous day's volume profile with 24-tick-per-block sizing. The maximum number and size of entries will be defined by the Expert Advisor
1) The previous day VAH/VAL is defined by your orderflow suite
2) The Fibonacci extension is drawn, with VAL defined as 0.0% and...
In this video I will show you how I took a very common setup with the OR/IB indicators. The setup is to fade the first touch of the IB range, after the range has been set. As you can see, price rejected at the IB high and came down to tag the Overnight High (the magenta line).
This trade netted about 50 points on the NQ.
In this video I will demonstrate how to use my Opening Range / Initial Balance indicator to take profits on March 31, 2021.
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Thanks!
Looking at the price action on the NASDAQ (NQ1!) from the past few days. Focusing on the quick profit take from today, leading in to a down trend tomorrow. Hedge your bets.
