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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

⏰ 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.

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openingrange.1743917381.txt.gz Β· Last modified: 2025/04/06 05:29 by lwattsii