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Opening Range Breakout (ORB) Strategy
The Opening Range Breakout is a popular day trading strategy that capitalizes on the momentum created when price breaks out of the initial trading range established during the first 15-30 minutes of a trading session.
How ORB Works
Opening Range (First 15-30min)
Market establishes initial high and low
Breakout Phase
Price breaks above high or below low
Continuation
Momentum carries price further
ORB Trading Steps
Identify Opening Range
Mark the high and low of the first 15-30 minutes after market open
Set Entry Orders
Place buy stop above range high, sell stop below range low
Manage Risk
Set stop loss at opposite end of opening range
Target Profits
Use 2:1 or 3:1 risk-reward ratio for profit targets
ORB Variations
ORB-15
Uses first 15 minutes for opening range
Best for: Highly volatile pairs
ORB-30
Uses first 30 minutes for opening range
Best for: Major currency pairs
ORB-60
Uses first hour for opening range
Best for: Less volatile markets
ORB Success Tips
📈 Volume Confirmation
Look for increased volume on breakout for stronger signals
🎯 News Awareness
Check economic calendar - news can create false breakouts
⏰ Best Time Frames
Works best during London and New York session opens
🛡️ Risk Management
Never risk more than 1-2% of account per trade