Opening Range Breakouts

Discussion in 'Index Futures' started by Tradethoven, Jun 19, 2011.

  1. Lately I have been examining ORB and would like to hear others comments on this strategy.

    Through recent weeks of study, I have found Opening range breakouts to the upside are only good for 3-6 points (as we are in a declining market). And of course there have been times where you could muster out 6+ or you of course could get stopped out with a loss.

    Range breakouts to the downside however prove to be more profitable and a trailing stop would do wonders.

    Any others have insight on this strategy in the recent market conditions, would like to hear stories, findings, etc.

    Thanks
     
  2. Just applied the strategy on the /NQ.
    Opening range 2195.75-2183. Waited for first 1min candle to close above 1296. Trailed the stop and got 4 ticks
     
  3. 4 points***