Open Range and Initial Balance

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Victoria @Victoria2K

September 25, 2023

Open Range and Initial Balance

In this video we talk about the open range. One of the best set ups is the 3 pushes out of the range. It can happen in 2 days 1-2 days or 3 days.

However with the Profit Taker Alert Dashboard you will be able to spot these trades with ease. You will still need to know how price action works for your benefit to be confident in the trade set up and execution.

00:12:34

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Reset & Parabolic Trade

The 3 Day Reversal

Reset is 2 consecutive days of price action breaking PDH and fail on Day 1 and breaking PDL on Day 2. Close below the open FRD Possible shorts on D3.

1.Tues PDH broken failed CIB Longs in market. Higher close from open. Expecting shorts next day from CLP high level.

2.Wed broke PDL range expansion and closed inside. Slight lower than open. Sideways consolidation. FRD signal.

3.Thursday Day 3 Shorts presented broke PDL, failed and CIB.

•PB trade is now setting up. Longs are now in market as PDH is broken and FGD close above open.

Note CIB on Tue for longs.

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Victoria @Victoria2K

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MetaTrader 4 and MetaTrader 5 are two of the most popular trading platforms for forex and CFD trading. They are widely used by traders and brokers around the world. In this article, we will summarize information from three websites that provide insights into these platforms: ForexBrokers.com, CompareForexBrokers.com, and Investing.com.

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Victoria @Victoria2K

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33 Trade Set up

Check out these PTAD Results. I'm showing how you can spot this set up a mile away!

The 1st one is when price put a High and the the next day the PTAD show a reset.

The 2nd one is showing normal market conditions the PTAD will show 3PL/H and 2PDH/L meaning we still have one more break to go.

✨ PTAD Key Features at a Glance:

Best Trend Algorithm: Stay informed with instant updates on peak formations.
Built In Trade Strategy: Trade your preferred set up based on the pairs that set up the day before.
Customizable risk management parameters (percent, dollar amount, or lot size).
Automated Lockout: Achieve peace of mind with automatic lockout when limits are reached.

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