How To Trade OPENING RANGE BREAKOUT STRATEGY And How To Select Stocks (Intraday Trading)

Published on May 31, 2019

How To Trade OPENING RANGE BREAKOUT STRATEGY And How To Select Stocks (Intraday Trading Strategies)

I have begun this video on Opening Range Breakout Strategy by explaining the basics of this intraday strategy. I have also explained how range is defined and which time frame should one select in this breakout strategy.

I have then explained why Opening Range Breakout fails at times and why this intraday strategy still remains relevant despite failing many a times. I have listed out the importance of Three simple rules I have discussed in this day trading strategy that increases odds of success.

I have then explained why Daily time frame is more important in this Intraday strategy. Followed by this, I have listed out Three Steps (Volatility, Relative Strength & Volume Pattern) that should be followed while trading this Opening range breakout strategy. I have also covered Entry, Exit and Stop loss conditions for this Intraday trading strategy.

Towards the end of this video, I have shown how NR4 Pattern and NR7 pattern along with VWAP concepts can be used to increase the effectiveness of Opening range breakout strategy. Along with this, I have also shown how to identify high probability trades in this breakout strategy.

Enjoyed this video?
"No Thanks. Please Close This Box!"