👀Opening Range System

What Is an Opening Range Breakout

Before trading an opening range breakout, you need to define your trading time frame. Let’s say you want to trade a 30 or 60 minute opening range breakout.(this is our preference)

Now you focus on the first 30 or 60min within the regular trading hours. This first candle of the day is your reference candle for trading the opening range breakout.

This is one most powerful day trading strategies when applied correctly. It works best with high-volatile stocks and high-volume gappers. Range breakouts are powerful throughout the day, but nothing compares to the price action within the first 30 or 60 minutes of a trading day. You can also combine the ORB strategy with the gap and go strategy.

The definition of an ORB is simple, and the trading strategy is easy to understand. The biggest challenges are spotting the right prospect based on the price action to focus on and calculating the correct position size. A day trading scanner like Trade Ideas identifies such opening range patterns quickly.

Our secret touch on this has auto calculations for the retraces, triggers and target levels. Pair this with the flow index and you will be a move ahead of the rest!