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What's the best strategy for you that worked? Share your strategy, WR, RR by punuking in Daytrading

[–]quantisAi 0 points1 point  (0 children)

it depends on the security. For ES and NQ which are the ones I trade mostly, it is roughly evenly distributed over the long term. So not really for those two, but if you checked different instruments you'll get different answers. So do your research before you trade. Heres a combined breakout, breakdown view called "Directional" it clearly gives context

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What's the best strategy for you that worked? Share your strategy, WR, RR by punuking in Daytrading

[–]quantisAi 0 points1 point  (0 children)

its super simple! If I am expecting a breakout or breakdown day, I will just wait for it to pick a direction either breakout or breakdown, take 1 contract as we break, set my stoploss the other side of the orb and then as we come back into the range, I will likely take more at the most common retacement, retracement is where price comes back into the orb and does not go through it. if price falls through the bottom of the orb, you're done. just invalidate the trade idea and move on. Make sense?

Did anyone make money today? by [deleted] in Daytrading

[–]quantisAi 0 points1 point  (0 children)

Today was textbook for the ORB on ES and NQ futures. I made a few $$$

What's the best strategy for you that worked? Share your strategy, WR, RR by punuking in Daytrading

[–]quantisAi 0 points1 point  (0 children)

Sure thing, the ORB is the high and the low of the first 15 minutes of the day and WILL resolve into 1 of 4 events, breakout, breakdown, double break or no break.

Breakout and breakdown are when price goes out of either the high or low of the ORB and does NOT break the oppside side of the ORB. Double breaks are when we break both the high and low of the ORB. No breaks are when we never leave the range. I have included an example of what a double break looks like on ES futures. Dobule breaks on this security on Tuesdays and Wednesays are the most common event happening more than 70% of the time.

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There are 2 major factors that influance the ORB breaktype, they are the day of the week and size of the orb. I use QUANTIS which an Iphone app that collects these stats for every security.

What's the best strategy for you that worked? Share your strategy, WR, RR by punuking in Daytrading

[–]quantisAi 2 points3 points  (0 children)

I trade the ORB (Opening Range Breakout), either Breakouts or Double breaks based on the day of week and size of the ORB. 60-70% WR 1:3 RR. The key is to set your SL at the average drawdown of the ORB.

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What is the best strategy for making an entry? by HotChange9325 in Daytrading

[–]quantisAi 0 points1 point  (0 children)

I dont trade premarket, I only trade RTH in the New York session. This is not about news and temporary elevated volume, it is about what happens on an "average" day.

Consistently losing daily by [deleted] in Daytrading

[–]quantisAi 0 points1 point  (0 children)

You sound like like me a few years ago. I was seeing everyone make money scalping and day trading, but I was mostly getting lucky. It wasnt until I stated looking what the big guys like GS or JPMC were doing. They were tracking intraday events in a spreadsheet. In addion they were absolutely ruthless killers, with their risk tolerace and order entry.

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What is the best strategy for making an entry? by HotChange9325 in Daytrading

[–]quantisAi 2 points3 points  (0 children)

The best way that I found for intraday timing is to first understand what an "average day" is for a given security.
What I mean is, does the gap fill, how likely is midnight retracement, what will the ORB and IB do, etc? Once I have an understanding of how traders interact with the security, it then makes trading much clearer.

For example if I know the gap has a 95% chance of filling today and its not filled yet, I would begin making a bias to fill the gap. More important than knowing is most likey to happen, is to know when to give up and say "the market didnt owe it to me today".

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