Opening Range Breakout
Trading breakouts from the price range established in the first minutes of the trading session.
1 bites from 1 traders
Entry Execution: Buying at the Breakout and Managing the First-Day Stop
▶ 6m 57sKristjan buys everything at once and aggressively — no scaling in, no waiting. He uses opening range highs (the high of the first one, five, or sixty minutes) as entry triggers, with the corresponding low as his initial stop. A one-minute opening range gets you in earlier with a tighter stop but has a higher failure rate; the sixty-minute range has fewer false starts but a wider stop. He accepts being stopped out intraday frequently — sometimes within two minutes of entry — because getting out fast and getting in precisely is how you keep losses small. Hesitation, he argues, only makes entries more expensive: you wait, the stop doubles in size, and now the risk-reward is broken before the trade has even started.