[[https://www.xpressnets.com/wiki/doku.php?id=gptplaybook|Back]] > **πŸ’‘ 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. ===== πŸ”Ή Strategy 1: Opening Range Breakout (ORB) ===== * **Setup**: Price breaks 15-min high/low with strong momentum or volume spike. * **Ideal Time**: 8:30–9:15 AM CST * **Entry**: Above high or below low of 15-min open range * **Stop Loss**: 3–4 ticks below entry * **Take Profit**: 6–8 ticks or key level retest * **Platform Combo**: TradingView to mark OR, Tradovate to execute **πŸ“ˆ Visual Example – ORB Breakout at 8:47 AM CST** {{ :openrange.jpg?400 |}} === πŸ§ͺ 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. ==== πŸ•’ 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) ==== πŸ“ˆ 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) ==== πŸ” Strategy Tie-In ==== This range is the foundation for the **Opening Range Breakout (ORB)** strategy: * Don’t predict β€” **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]]