Cryptocurrency Q&A
What is orb in trading?
What is orb in trading?
TaegeukWarrior
Sat Aug 10 2024
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6 answers
1298
Could you please elaborate on the term "orb" in the context of trading? Is it a specific type of financial instrument, a trading strategy, or a term used in a particular market? I'm curious to understand its significance and how it might be applied in trading practices. Additionally, are there any specific industries or asset classes where the term "orb" is commonly used? Thank you for your insight.
6 answers
Nicola
Mon Aug 12 2024
To execute this strategy, traders determine the opening price of an asset and then calculate the "Stretch," which is a predefined range that is usually a fixed percentage or point value above and below the opening price.
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Lorenzo
Mon Aug 12 2024
The core principle of ORB is to anticipate a significant move outside of the opening range, signaling a potential trend for the day. The buy stop is positioned just above the opening price plus the Stretch, while the sell stop is set just below the opening price minus the Stretch.
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GwanghwamunGuardianAngel
Mon Aug 12 2024
The trader initiates a long position if the price breaks above the upper limit of the opening range, or a short position if it breaches the lower limit. This method allows traders to capitalize on early momentum and ride potential trends throughout the trading day.
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emma_anderson_scientist
Mon Aug 12 2024
Among the exchanges that cater to cryptocurrency traders, BTCC stands out as a prominent platform offering a range of services. Based in the UK, BTCC provides traders with access to spot and futures trading, facilitating advanced strategies like ORB.
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DondaejiDelightfulCharmingSmile
Mon Aug 12 2024
ORB, or Opening Range Breakout, is a popular trading strategy that originated from Toby Crabel. This approach relies on analyzing the market's behavior during the initial period of trading, particularly the opening range.
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