MNQ and Orb
Hey guys, I know this has been beat to death, as I have read through as many subreddits as I can find on the topic. But, I have been messing with the 5 minute orb over the past month, backtesting to see what works and what doesn’t. I have a few good win streaks and then things start to cave fast. So, I stepped back and started trying things differently. Different sl placements, buying breakout or waiting for retest, different risk management routines. Learning about fair value gaps and candle formations. I also started paying attention to previous day liquidity, London H and London L along with pre day market high and low. The liquidity levels seem to be helping my strategy to the point of where orb almost doesn’t even seem to matter. How do you guys trade MNQ, or even MES during NY open? I’m working towards a prop firm eval, but going to keep studying for a few months until I have more knowledge on the topic.