Master Class on Trading the 15-Minute ORB

Introduction

• Objective: Provide knowledge to implement trading strategy tips immediately.
• Key takeaway: Strategy doesn't work every time (60-80% win rate).
• Importance of managing risk for profitability.
• Emphasis on trading with an edge and systemizing trading.

Trading the 15-Minute ORB

Expectations

• No strategy works 100% of the time.
• Win rate varies weekly, key is risk management.
• Trading with an edge reduces guesswork and stress.

Foundation of the ORB Strategy

• Goal: Catch trend moves before they happen.
• Avoid trying to catch tops and bottoms.
• Most profitable trades are below the 15-minute low or above the 15-minute high.

Key Concepts

• Patience: Essential for successful trading.
• Golden Rules:
  1. Wait at least 15 minutes before trading.
  2. Must see a 5-minute candle close above/below the level.
  3. Define risk, preferably above the 5-minute high or based on potential loss.
  4. Know key levels: support, resistance, supply, demand.
  5. Manage trades based on trading own capital or prop firms.

Specific Strategies

• Midline Trading: Evaluate the market using the midpoint between the ORB.
• Reversal Plays: Look for aggressive moves opposing the day's trend.

Practical Application

Examples

• Importance of waiting for candle closure before entering a trade.
• Manage risk by adjusting size based on confirmation.
• Use volume analysis to identify anomalies and potential reversals.

Risk Management

• Different strategies for prop trading vs. live accounts.
• Emphasize trimming profits and managing trades based on account type.

Psychological Aspects

Discipline and Patience

• Avoid impulsive trades and revenge trading.
• Use external reminders to maintain discipline.

Trade Management

• Importance of having a trading plan and sticking to it.

Conclusion

• Simplicity in trading can lead to success.
• Continuous learning and adaptation are key.
• Encouragement to join Team Bull for further learning and resource sharing.

Additional Notes

• Consider testing strategies in a demo environment before applying them live.
• Focus on improving R multiple and managing emotions during trading.