Opening Range Breakout ORB is a commonly used trading system by professional and amateur traders alike and has opening potential to deliver high accuracy if done with optimal usage range indicators, strict rules and good assessment of overall market mood. System system is applicable only for opening trading. ORB trading has several variations practiced by traders all over the globe. Some traders trade on a significant breakout breakout opening range, while others trade immediately on opening range breakout. Opening window for the trades breakout varies from 30 minutes to 3 hours. Over a period of time observing and trading Indian markets, I have devised with the below system suiting our markets. Below method is both a scalping and a trending system combined into one, hence it is possible to take the advantage of quick moves and trending markets with multiple lots of trades. Trading Strategy Quite Simple and straightforward. Rules in the next section needs to be adhered to increase the success rates dramatically. Any stock creates opening range in breakout first 30 minutes of trading in a day. This is calling Opening Range. The highs and lows range this timeframe is taken as support and resistance. Buy when the stock moves above the Opening Range high. PLEASE NOTE THAT THE ABOVE Opening IS GENERIC, THE RULES BELOW WILL MAKE IT A SPECIFIC SYSTEM. General Rules breakout Applicable for both Buy and Sell: Opening range is defined by the high and low made in the first 30 minutes. Entry should be made only on close system the 5 min candle outside the opening range. Stop loss is always kept at 20 EMA for riding the profits. Volume confirmation — Breakout candle should range increase in volume. Optional confirmation - One of the two indicators - MACD or Stochastics should be range for the trade. We have four indicators in Simplified Technical Range - Moving Averages, RSI, MACD, Stochastics. The idea here is at least two indicators should confirm the trade. This is purely optional condition to enter trade. Respect support and resistance levels. Second lot will be used for taking advantage of days trend. Rules for Buy Stock should be trading above the 20 EMA line before the breakout. Buy when the 5 minutes candle trading above the opening range. Where to keep Stoploss Initial Stoploss — Low of the Opening Range. Opening close of 5 min candle below 20 EMA confirms exit. When to book full profits When the 5 min candle closes below the 20 EMA in the case of longs. Rules for Sell Stock should be trading below the range EMA line before the breakdown. Sell when the 5 minute candle closes below the opening range. A close of 5 min candle above 20 EMA confirms exit. When to book full profits When the 5 min candle closes above the 20 Trading. High Probability Trade Setups Below additional conditions will give high probability of success: Overall Market is moving in the direction of the trade. Opening range breakout happens after brief period of consolidation. Important Additional Points If the opening range is too wide, better do not trade ORB, since the SLs will be very far in our system. You can use other trading systems in such a case. Avoid Opening Range Breakout trades in case of a heavy news flow day. Like Inflation, Manufacturing, Policy decisions etc. These trades are based on the above trading system following all rules. Point 6 in General Rules - Optional confirmation is not considered in these breakout. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Enter Email address and press Subscribe button once. Home Introduction Day Opening Course Query Corner US MARKETS. Categories Intraday Investment 4 Nifty 2 Performance 46 Real Trades 45 Swing 43 Technical Analysis Trading Course 3 Trading Lessons 21 Trading Videos 6. About Me TA Simplified View my complete profile. Sunday, 31 March Opening Range Breakout ORB Opening System. System Simple and straightforward. Stock should be trading above the 20 Trading line before the breakout. Initial Stoploss — Breakout of the Opening Range. Stock should be trading below the 20 EMA line before the breakdown. Initial Stoploss — High trading the Opening Range. Below additional conditions will give high probability of success:. If the opening system is too wide, better do not trade ORB, since the SLs will be very far in our system. Trading CourseTrading Lessons. Share to Twitter Share to Facebook. Newer System Older Post Home. Opening Range Breakout ORB Trading Trading. Opening Range Breakout ORB system a commonly used trading system by professional and amateur traders system and has the potential to deliver Intraday Trading System — Simplified Technical Analysis. In this course, I am breakout a intraday trading system which is primarily based on MACD indicator used in conjunction with EMAs and St How to Trade with the Trend? This lesson will cover the technique to trade in a trending market. There are several ways to trade in a trending market using technical a Importance of Market Direction in Intraday Trading. Readers, today I give this important lesson on intraday trading for the benefit of all. Please read this several times and practice in your Tata Steel—Downtrend continues as expected. I wrote about Tata Steel here in my earlier post. Today Tata Trading made several attempts to cross levels but was not successful and Labels Intraday Investment 4 Nifty 2 Performance 46 Real Trades 45 Swing 43 Technical Analysis Trading Course 3 Trading Lessons 21 Trading Videos 6. Nifty outlook and Stocks to trade on 26 March Tata Steel—Likely to move down to levels ICICI Bank—To fall further Where is Nifty heading to? Tata Motors Update Bajaj Auto Intraday - 10 points book partial profi Bajaj System, Hero Motors - Range below days low Nifty Outlook and Stocks to trade on 18 Mar NTPC Outlook — Will it move up? Todays trades 11 Mar—1 winning trade Avoided seve Which stocks to trade today 11 March Markets — What to expect next week 11 Mar Todays Trades Mar: ONGC - Update Maruti - Showing upmove above days high. Which stocks to trade 08 Mar Todays trades 07 Mar —2 winning trades Cipla - Update ICICI—Update Cipla—Update Which stocks to trade—07 Mar ICICI, Trading, Reliance, Todays range 06 Mar —3 winning and 1 losing trade RESOURCES Trading Course Trading Lessons. World Markets Live World Indices are powered by Investing. Commodities Commodities are powered by Investing. Design by Free WordPress Themes Bloggerized by Lasantha - Premium Blogger Themes Premium Wordpress Themes.
Simple day trading strategy: Opening range breakouts // Intraday stocks trading system, market tips
Simple day trading strategy: Opening range breakouts // Intraday stocks trading system, market tips
5 thoughts on “Opening range breakout trading system”
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