OR / IB Flashcards

1
Q

What if on a monday no H/L is broken?

A

When no bouderies are broken on Monday there are NO OTF’s in the market. So there is nothing to do!

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2
Q

What if the market breaks out on monday?

A

Then it is Out Of Balance.
Now you have either short or long, higher timeframe traders in the market.

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3
Q

Typically on a day 2 we will see a false break prior to the US session?
Why should you pay attention to that?

A

This is often the start of a pump or dump scenario

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4
Q

What is an OR?

A

see image

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5
Q

Do yo see the OR on this chart?

A
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6
Q

What happens when the market breaks out of the OR?

A
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7
Q

What if monday was an inside day?

A
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8
Q

Another inside day on the OR Monday?

A
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9
Q

Can the OR lead to a 5 day PnD setuo?

A
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10
Q

Can you have a friday reversal on the OR?

A
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11
Q

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?

A

yes, this is a parabolic trend trade

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12
Q

Is this a midweek reversal setup?

A
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13
Q

Could this also be a midweek reversal?

A
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14
Q

Breaking out on wednesday of the OR. yes or no?

A

yes

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15
Q

what is a day zero setup?

A

It is just a pattern, it has nothing to do with the 3 day cycle.

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16
Q

Is this a Day 0 setup?

A
17
Q

What means a narrow range or inside day?

A

inside days are potentially reversal, false break, areas, or trend continuation trades. (LHF)

18
Q

A higher high on the inside means?

A

start setup for a Dump and Pump

19
Q

What happens when a FB occurs of the OR/IB?

A

OTF in the market and new $$ at the other end.

20
Q

A PnD at the HOD/HOW/ IB, textbook?

A

yes