All the indicators & labels I use: https://pastebin.com/u/Kentrades
1) 30min Opening Range Strategy:
This takes the high and low of the 1st 30m of the market open. It acts as both s/r and can be used for breakout & breakdown trades.
Thinkscript: https://pastebin.com/LXns5n8L
Watchlist Column: https://tos.mx/7pLpH4
30m ORH:
30m ORL:
Strategy:
Breakout of 30m Opening Range High, you may enter a long trade.
Breakdown of 30m Opening Range Low, you may enter a short trade.
They also act as s/r and may offer opportunities for both sides. Try to Wait for a retest of these levels for confirmation or strong momentum.
False breakouts:
They often provide me with False breakout trades, i.e. FBO over the 30m ORH but fails to hold over the level and drops back down, This is where I enter a short position risking the previous high. I also use the ORH as Resistance for Short, ORL as Support for Covers/Longs.
Watchlist shows tickers that breakout or breakdown of the 30m Opening range level and notifies you. Watchlist Column also shows where it is, i.e Above, Inside, or Below the range.
2) VWAP Boulevard:
VWAP BLVD: Credits to @team3dstocks for giving us this holy grail setup
Guide to VB: https://tradingsim.com/blog/vwap-boulevard/…
VB Short Example:
VB Long Example:
Upper Rejection off VB: Short
Lower rejection off VB: Long
Below VB: Bearish
Above VB: Bullish
Always look for wicks rejecting VB and trend break to confirm a short thesis on the trade.
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