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π‘ 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.
πΉ Strategy 1: Opening Range Breakout (ORB)
Setup: Price breaks 15-min high/low with strong momentum or volume spike.
Ideal Time: 8:30β9:15 AM CST
Entry: Above high or below low of 15-min open range
Stop Loss: 3β4 ticks below entry
Take Profit: 6β8 ticks or key level retest
Platform Combo: TradingView to mark OR, Tradovate to execute
π Visual Example β ORB Breakout at 8:47 AM CST
π§ͺ ORB Quick Checklist
Mark 8:30β8:45 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: 6β8 ticks or next key level
β° 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.
π 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)
π 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:
π Strategy Tie-In
This range is the foundation for the Opening Range Breakout (ORB) strategy:
Donβt predict β react to the breakout when it happens
Focus on momentum and timing, not guesswork
π« ORB (Opening Range Breakout)
Example:
Between 8:30β8:45 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: 3β4 ticks below breakout candle.
Target: +6β8 ticks or next resistance zone.
Why it worked: Momentum breakout confirmed by volume and timing right after the OR window.
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