Opening Range Breakout Strategy for Beginners (NimblrTA)
What you'll learn
- Learn the NimblrTA Breakout Strategy
- Have an understanding of Breakout Ranges
- Understand Concepts of Decisive and Indecisive Candles
- Using the CCI Indicator for Breakouts
- Using EMA Cross-overs for Breakouts
- Understand Pyramid or Pullback Trades
- Calculate Targets using Daily Trading Ranges
- Calculate Stop Losses using Higher Time Frames
- Understand the Dynamic Exit Strategy
- Using the Moon Transits for Intraday Trades
- Understand the effect of Void Phase of the Moon on Trades
- Know about Effective Risk Reward in lieu of Standard Risk Reward Ratio
- Learn about Position Sizing using Kelly Criterion
- Learn the potential of coded indicators on Metastock 4 trading platform
- Assignments included to master the important topics of the course
- By the end of this course, you will be armoured to take informed Intraday Trades without anxiety
Requirements
- An Open Mind
- A Spirit of "Yes I Can"
- An aim to achieve Financial Freedom through Intra-Day Trading
- Tradingview Free account to plot the Opening Ranges with Free Indicator
- [Optional] Meta Trader 4 platform with Live Data Feed
Description
Day trading in Indian stocks offers a fantastic opportunity for achieving financial freedom and can be one of the quickest ways to earn money—provided it is done with a well-defined strategy and strict adherence to rules. The Opening Range Breakout (ORB) strategy is a prime example. With over 40 years of experience in the trading arena, this strategy simplifies the process by eliminating the need to memorize complex candle patterns or draw extensive trendlines. Instead, it focuses on the concept of Strength Candles and the Commodity Channel Index (CCI) to pinpoint potential trading opportunities. This versatile strategy is effective for momentum trades, pull-back trades, and reversal trades, all executed with precision. Additionally, its built-in exit strategy ensures a highly favorable risk-reward ratio for every trade taken, maximizing profits while minimizing losses. This approach not only caters to seasoned traders but also provides an accessible entry point for beginners, making it a valuable tool for anyone looking to succeed in the stock market. The ORB strategy’s simplicity and effectiveness enable traders to make informed decisions, achieve consistency, and build confidence in their trading journey.
Join this fabulous course for a clear understanding of a winning strategy used by 1000s of traders.
Who this course is for:
- Beginner Traders curious about learning a profitable breakout trading strategy
- Home Makers wanting to make an extra earning
- Retired Personnels wanting to keep earning
- Traders making losses due to lack of strategy and guidance
Instructor
- 4.9 Instructor Rating
- 163 Reviews
- 477 Students
- 1 Course
ORB Academy is a virtual learning arena, primarily focussed to impart knowledge and technical know-how, related to the implementation of trading strategies based on Breakouts for the Indian Stock Market.
The faculty has an experience of more than 21 years in the field of Technical Analysis and Stock Trading, with an active following on their Twitter & Telegram Channels. Our mission is to empower traders with a concept and a tool in the field of trading and investment, to help them achieve their financial goals.