15 minute opening range breakout

From : Hemant Parikh at 12:25 AM - Aug 20, 2012 ( 6 months ago )

Following is a Trading Set up for 15 minute opening range breakout

Let the index/stock trade for the first fifteen minutes and then use the high and low of this
"fifteen minute range" as support and resistance levels. A buy signal is given when price
exceeds the high of the 15 minute range after an up gap. A sell signal is given when
price moves below the low of the 15 minute range after a down gap. It's a simple
technique that works like a charm in many cases.

Eg. The Fall of Friday Everything Look so ROsy Asian markets up and India Markets
opened gap up after tthat what happened was a history.The Chart Elaborates all the
Story.

If you use this technique, though, a few caveats are in order to avoid whipsaws and
other market traps. The most common whipsaw is a trading range that lasts longer than
15 minutes. If an obvious range builds in 20, 25 or even 30 minutes , use those to define
your support and resistance levels. Also consider the higher noise level in the morning.
A breakout that extends only a tick or two can be easily reversed and trap you in a
sudden loss. So let others take the bait at these levels, while you find pullbacks and
narrow range bars for trade execution.

Buy Rules :
- Stock break 15 minute opening range (Trade-Ideas alert : 15 minute opening range
breakout)

Sell Rules :
- Sell the stock at Pivot Resistances
- Short the Stock if it breaks 15 Min low 

Here is some suggestions of what you can do :

 - Use stop loss to protect you from loosing trades.

sources : BTB

From: HEMANT PARIKH at 09:07 PM - Dec 21, 2012( 2 months ago )

****OPENING RANGE BREAKOUT********

--Do not trade for first 15 minutes i.e. upto 9.30 AM.
--first 15 minutes of trade is known as OPENING RANGE. (O.R.)
--Write down High and Low of Opening Range.
--now whenever trades above high or below low of Opening Range then it is known as OPENING
RANGE BREAKOUT. (O.R.B.)
--If O.R.B. is up then stoploss will be low of ORB for intraday.
--same way, If ORB is down then stoploss will be high of ORB for intraday.

***********HOW TO TRADE FOR POSITIONAL CALLS USING O.R.B.*******

--------When call is 'HOLD LONG'

 Do not trade for first 15 minutes.

 now if OR breaks up then hold your longs keeping low of OR as stoploss for trading upto
3.00 PM.
 after 3.00 PM if trading level is above our closing stoploss level then carry forward the long
for next day.
 If during inraday, low of OR is broken down and you have closed the long for intraday, then
re-examine the level after 3.00PM. If trading above our closing stoploss level then re-enter
long to carry forward for next day and if trading below our closing stoploss level, then do
nothing.

--------When call is 'HOLD SHORT'

--If OR breaks up then close your short. Re-examine at 3.00PM. If still trading below our closing
stoploss level then re-enter short and carry forward it for next day. and if trading above our closing
stoploss then do nothing.
--If OR breaks the OR down then hold the short for intraday keeping high of OR as stoploss.after
3.00PM decide as per closing stoploss level.

----------When call is 'INITIATE LONG'

--If OR breaks up then initiate long.

--If OR breaks down then avoid the call.but re-examine after 3pm,if trading in green then initiate
long and carry forward the long for next day.

---------When call is 'INITIATE SHORT'

--If OR breaks up then avoid the call.

--If OR breaks down then initiate short.but re-examine after 3pm,if trading in red then initiate short
and carry forward the short for next day.

************CONCLUSION*****

--Do not trade upto 9.30 AM.

--From 9.30 AM to 3.00 PM trade with three levels(OR high, OR low, Closing stoploss) and one
strategy (Long or Short).
--after 3.00 PM trade with one level(Closing stoploss) and one strategy( Long or Short).

15 minute opening range breakout

by RAJANDRAN R

Intra day traders / Swing Traders often face difficulties in entering the market when there is a gap open. But the
gap need not destroy your trading plan. You can do a quick analysis, adjust your trading strategy and get into a
good position well after the crowd pulls the trigger on a gap play. Here is how.

Let the index/stock trade for the first fifteen minutes and then use the high and low of this "fifteen minute range"
as support and resistance levels. A buy signal is given when price exceeds the high of the 15 minute range after an
up gap. A sell signal is given when price moves below the low of the 15 minute range after a down gap. It's a simple
technique that works like a charm in many cases.

If you use this technique, though, a few caveats are in order to avoid whipsaws and other market traps. The most
common whipsaw is a trading range that lasts longer than 15 minutes. If an obvious range builds in 20, 25 or even
30 minutes , use those to define your support and resistance levels. Also consider the higher noise level in the
morning. A breakout that extends only a tick or two can be easily reversed and trap you in a sudden loss. So let
others take the bait at these levels, while you find pullbacks and narrow range bars for trade execution.

Buy Rules :
- Stock break his 15 minute opening range (Trade-Ideas alert : 15 minute opening range breakout)
Sell Rules :
- Sell the stock after 2 hours.

Here is some suggestions of what you can do :

- Use stop loss to protect you from loosing trades.

- Don't close the winning trades after 2 hours and let your profit run.
- Close position if it show a bearish pattern.
- Use a profit target to close positions.

The Opening Range Breakout Method 0 comments

Oct 10, 2010 12:40 PM

Maybe the most popular intraday trading technique used by institutional
tock traders is the Opening Range Breakout. Since its beginning, theOpening Range Breakout has mutated into a number of as
sortedstrategies. 

We are going to define our Opening Range as the first 30 minutes ofstock trading. At the thirty minute mark, we can draw a li
ne on ourstock chart or make a yellow sticky of the highest price and lowestprice during this time frame. Thus the key principl
e of defining theOpening Range is that the partiality for trading the underlying stock willbe established by where the stock is tr
ading relative to the OpeningRange.

While the stock or market trades within the Opening Range, it is trendneutral and does not give either a buy or sell signal.

If the stock breaks above the high of the Opening Range do not do athing yet. You must have a close above this range on a 5 
minutecandlestick chart. 

If you get a 5 minute candle breaking above the Opening Range, thenext thing you need is confirmation. You need one more 
5 minutecandlestick closing above the range to verify the breakout.

If the stock breaks below the low of the Opening Range, do not do athing. You want a 5 minute candlestick breaking below a
nd you need anadded candlestick for confirmation just like a break over.

A stock trading above its opening range has a bullish predisposition, anda stock trading below its opening range has a bearish 
predisposition if itmeets the additional requirements talked about above.

Remember that the trend is your friend. Breakouts that ensue in thedirection of the bigger trend have a higher success rate. So 
make surethat you find out the larger trend first.

Think of volume as market sentiment. Greater than average volumeincreases the potential for the breakout to persist in your fa
vor. A lackof volume will lower the likely profitability of the trade.

In this episode, I did not wish to simply show you a model tradingsession. I took the previous trading day prior to doing the v
ideo. I alsowanted to include real market chart data on SPY rather than simplyshow you a static illustration or chart.

Looking back in time at a stock chart with price action in the center of the chart is always easy to guess.
The real challenge is the closer you get to the right of the chart in terms of accurately predicting future
price direction. Thus in the video, I deal with the chart as far to the right as we can go to reproduce
what this tactic looks like in real time as you trade during the day.

OPENING RANGE BREAKOUT

dear viewers,
I have made some changes in OR srategy for positional calls.

****OPENING RANGE BREAKOUT********

--Do not trade for first 15 minutes i.e. upto 9.15 AM.
--first 15 minutes of trade is known as OPENING RANGE. (O.R.)
--Write down High and Low of Opening Range.
--now whenever trades above high or below low of Opening Range then it is known as OPENING RANGE BREAKOUT.
(O.R.B.)
--If O.R.B. is up then stoploss will be low of ORB for intraday.
--same way, If ORB is down then stoploss will be high of ORB for intraday.
***********HOW TO TRADE FOR POSITIONAL CALLS USING O.R.B.*******
--------When call is 'HOLD LONG'

 Do not trade for first 15 minutes.

 now if OR breaks up then hold your longs keeping low of OR as stoploss for trading upto 3.00 PM.
 after 3.00 PM if trading level is above our closing stoploss level then carry forward the long for next day.
 If during inraday, low of OR is broken down and you have closed the long for intraday, then re-examine the
level after 3.00PM. If trading above our closing stoploss level then re-enter long to carry forward for next day and if
trading below our closing stoploss level, then do nothing.

--------When call is 'HOLD SHORT'

--If OR breaks up then close your short. Re-examine at 3.00PM. If still trading below our closing stoploss level then re-
enter short and carry forward it for next day. and if trading above our closing stoploss then do nothing.
--If OR breaks the OR down then hold the short for intraday keeping high of OR as stoploss.after 3.00PM decide as per
closing stoploss level.
----------When call is 'INITIATE LONG'
--If OR breaks up then initiate long.
--If OR breaks down then avoid the call.but re-examine after 3pm,if trading in green then initiate long and carry forward
the long for next day.
---------When call is 'INITIATE SHORT'
--If OR breaks up then avoid the call.
--If OR breaks down then initiate short.but re-examine after 3pm,if trading in red then initiate short and carry forward the
short for next day.
************CONCLUSION*****
--Do not trade upto 9.15 AM.
--From 9.15 AM to 3.00 PM trade with three levels(OR high, OR low, Closing stoploss) and one strategy (Long or
Short).
--after 3.00 PM trade with one level(Closing stoploss) and one strategy( Long or Short).

--in short be alert when you are long and stock is trading red or be alert when you are short and stock is trading
in green