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--- openingrange [2025/04/06 05:15] – lwattsii
+++ openingrange [2025/04/06 05:57] (current) – [🔹 Strategy 1: Opening Range Breakout (ORB)] lwattsii
@@ Line 1: / Line 1: @@
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+> **💡 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 9: / Line 12: @@
+**📈 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? =====
@@ Line 34: / Line 45: @@
   * 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.
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