Open Range Breakout What is it? How to Trade it
The opening range breakout strategy great for day traders to trade opening range by looking at key levels of support and resistance. Look for the first thirty-minute to identify the high and low that identify support and is called the opening range breakout levels. Lines are marked on the chart to identify them. So this sets the tone for the day trading the opening range. Then you have the Mid Line which is another support level of the opening range. This method is used by all major trading firms each day for trading the opening range. They have the smart money and participation by trading firms to move the price by trading the opening range. And they move high volume in price breakout each day of the opening range breakout.