The Open Range Breakout intra-day stock trading strategy works like this
: once the Wall Street opening bell rings at 9:30am EST breakout trader
chart the first 20 or 30 minutes of action for certain, particularly
volatile stocks. This opening timeframe is usually filled with wild
swings as emotion run high in the early trading. Breakout traders mark
the high and low point of that early period of volatility, and then
watch closely to see which way the stock trends from there. Once the
stock “break out” of that range, either to the upside or to the
downside, the trader can confidently gauge the general direction the
stock is likely to take for the rest of that trading session.
Teej
Because this strategy is easy to understand, simple to execute, and
above all, profitable that stock traders have been exploiting for ages,
and they continue to do so. The London Forex Rush System is based on
this powerful trading system
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