Strategy 15: Opening Range Break Strategy

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Overview

Strategy 15: Opening Range Break Strategy

level Level: Beginner

level Experienced Instructor

About This Lesson

The Opening Range Break (ORB) setup involves entering a trade when the price breaks out of the opening range, either to the long or short side, with the expectation of a higher probability move in the direction of the break. Key factors in trading the ORB setup include focusing on stocks with high volume and liquidity, avoiding extended entries, and using multiple timeframes, such as 1-minute, 2-minute, and 5-minute charts, to identify imbalances in price action that suggest buyer or seller dominance.

Presented by

Lenny Winnemuller

Lenny, a psychology graduate from the University of Amsterdam, previously worked in the anti-fraud department of a major Dutch bank. He now has extensive day trading experience, both independently and at a proprietary trading firm, with a focus on the mental development required for success in the US stock market.