Opening Range Breakout

This trade is executed right at market open. We wait for the 9:30am candle to close and buy it’s high. For this to have a high change of working out the stock has to be in play and relative volume more than 2

Entry

• Enter when a candle break the high of the opening candle.

Stop Loss

• Stop loss can be either VWAP or the low of the opening candle

Reasons2sell

• Momentum slowing down
• Price breaking the low of the previous candle
• Key technical levels (daily resistance, pre-market levels, etc)