Cryptocurrency Q&A What is orb in the stock market?

What is orb in the stock market?

BlockchainBaron BlockchainBaron Tue Oct 15 2024 | 6 answers 1133
I heard about the term 'orb' in the context of the stock market, but I'm not sure what it means. Can someone explain to me what 'orb' refers to in the stock market? What is orb in the stock market?

6 answers

CryptoMagician CryptoMagician Thu Oct 17 2024
The ORB strategy is premised on the idea that the initial range of prices set during the first few minutes of trading can provide crucial insights into the day's potential price movements. By analyzing this range, traders can identify opportunities to enter or exit positions with increased accuracy.

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DongdaemunTrendsetterStyle DongdaemunTrendsetterStyle Thu Oct 17 2024
To execute the ORB strategy, traders typically observe the market's behavior closely during the first few minutes of trading, noting the high and low prices achieved within this period. These prices establish the opening range, which serves as the basis for subsequent trading decisions.

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QuasarStorm QuasarStorm Thu Oct 17 2024
Once the opening range is established, traders may choose to enter a position if the market breaks out of this range in a significant and sustained manner. A breakout above the opening range's high suggests upward momentum, while a breakdown below the low indicates downward pressure.

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Riccardo Riccardo Thu Oct 17 2024
The ORB strategy emphasizes the importance of timing and quick decision-making. By acting swiftly on market movements, traders can capitalize on fleeting opportunities and potentially generate profits in a short period.

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ZenHarmony ZenHarmony Thu Oct 17 2024
The Opening Range Breakout (ORB) strategy represents a time-honored approach to trading that focuses on exploiting market volatility immediately after the opening bell. This technique, with origins dating back to the 1960s, has stood the test of time and continues to be a valuable tool for traders in both stock and forex markets.

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