Hi- anyone using ORB's ? Anyone look into incorporating volume? Time frames for oprning range? ( market specific maybe) Time frame for bars/charts? 5 min. 30 min. 1 min. ? Which financial utures market etc? ES RUT CL ? Old days seemed the "masters" at it had huge advantage as markets not efficient although today we have more tools to measure, but "edge" or good risk rewards gone?
================= Well opening ''gaps'' +gap study are surely worthy of note; close is more useful.Open ,, hi ,,low,, %% gain,, CLOSE can help also . 1 year+ 10 year candle chart can help+ 58 custom chart or 60 minute candlechart can be a helpful entry ......Wisdom is profitable to direct I am not a daytrader; but even many daytraders consider 5 minutes ''noise''
Take a look at this old thread of mine http://www.elitetrader.com/vb/showthread.php?threadid=54765 This was my old orginal opening range breakout thread.