Opening range breakouts have shown decent success in equities that have gapped out of prior daily range in a 10 - 30 minute time frame after opening. I don't think the strategy will work in 24 hour continuos markets. Years ago, this method provided a distinct edge, but has recently shown wear-n-tear as pros got hip and now fade the breakouts. Check out the Type B trades of this vendor to get an idea of the performance of that setup and the gradual deterioration over time. http://www.swingtrades.com/performanceday.php
I would not spend much time examining the opening range. This is a game of highs and lows, for the most part, don't get fixated on time, there isn't a miracle alarm clock except for lunch when volume decreases and price action deteriorates. Nice to see the hostile responses. What is it with you people anyway, if it's not a joke, a mock or an insult you not interested in the discussion ? Bitter failed traders make PMS look like a walk in the park. Anek