Differences

This shows you the differences between two versions of the page.

--- openingrange [2025/04/06 04:06] – created lwattsii
+++ openingrange [2025/04/06 05:57] (current) – [🔹 Strategy 1: Opening Range Breakout (ORB)] lwattsii
@@ Line 1: / Line 1: @@
+[[https://www.xpressnets.com/wiki/doku.php?id=gptplaybook|Back]]
+> **💡 Tip:** US Futures open at 8:30 AM CST, but equities open at 9:30 AM EST. Adjust ORB timing depending on the market you're trading.
 ===== 🔹 Strategy 1: Opening Range Breakout (ORB) =====
   * **Setup**: Price breaks 15-min high/low with strong momentum or volume spike.
@@ Line 6: / Line 10: @@
   * **Take Profit**: 6–8 ticks or key level retest
   * **Platform Combo**: TradingView to mark OR, Tradovate to execute
+**📈 Visual Example – ORB Breakout at 8:47 AM CST**
+{{ :openrange.jpg?400 |}}
+=== 🧪 ORB Quick Checklist ===
+  * Mark 8:30–8:45 AM CST range (for futures)
+  * Look for strong momentum or volume breakout
+  * Wait for breakout + confirmation (e.g., engulfing candle, volume surge)
+  * Enter on break + retest (optional)
+  * Place tight SL just below/above range
+  * Target: 6–8 ticks or next key level
+===== ⏰ What is the 15-Minute Opening Range? =====
+The **15-minute opening range** refers to the **high and low of the first 15 minutes** after the market opens.
+==== 🕒 Why It Matters ====
+  * Captures the market's **initial volatility and sentiment**
+  * Often influenced by **institutional orders** and **news reactions**
+  * Key zone for **breakout strategies** like the ORB (Opening Range Breakout)
+==== 📈 How to Use It ====
+  * Mark the **high and low** from **8:30 to 8:45 AM CST** (for US Futures)
+  * Watch for a **breakout** above or below this range
+  * **Entry**: Triggered by **momentum breakout** or **volume spike**
+  * Add confirmation:
+    * Retest of the range
+    * Volume surge
+    * Strong candle pattern (e.g., engulfing)
+==== 🔁 Strategy Tie-In ====
+This range is the foundation for the **Opening Range Breakout (ORB)** strategy:
+  * Don’t predict — **react** to the breakout when it happens
+  * Focus on **momentum and timing**, not guesswork
+=== 🚫 ORB (Opening Range Breakout) ===
+**Example:**
+  * **Between 8:30–8:45 AM CST, price forms a 15-min opening range.**
+  * **At 8:47, it breaks** above the high with a large bullish candle and strong volume.
+  * **Trade Entry:** Long above the OR high.
+  * **Stop Loss:** 3–4 ticks below breakout candle.
+  * **Target:** +6–8 ticks or next resistance zone.
+**Why it worked:** Momentum breakout confirmed by volume and timing right after the OR window.
+[[https://www.xpressnets.com/wiki/doku.php?id=gptplaybook|Back]]