OR / IB Flashcards
What if on a monday no H/L is broken?
When no bouderies are broken on Monday there are NO OTF’s in the market. So there is nothing to do!
What if the market breaks out on monday?
Then it is Out Of Balance.
Now you have either short or long, higher timeframe traders in the market.
Typically on a day 2 we will see a false break prior to the US session?
Why should you pay attention to that?
This is often the start of a pump or dump scenario
What is an OR?
see image
Do yo see the OR on this chart?
What happens when the market breaks out of the OR?
What if monday was an inside day?
Another inside day on the OR Monday?
Can the OR lead to a 5 day PnD setuo?
Can you have a friday reversal on the OR?
The first cycle of the OR / weekly template is monday, tuesday and wednesday. Or day 1, day 2, day 3. Do you see this on the chart? Is it a parabolic trend trade on wednesday?
yes, this is a parabolic trend trade
Is this a midweek reversal setup?
Could this also be a midweek reversal?
Breaking out on wednesday of the OR. yes or no?
yes
what is a day zero setup?
It is just a pattern, it has nothing to do with the 3 day cycle.