Opening Range Breakout Strategy Explained

You only need the first five minutes of the market to catch the day's biggest move.

This is the Opening Range Breakout strategy and it exploits that crazy morning volatility where

bulls and bears are fighting for control. Here is the cheat code.

Watch the very first 5-minute candle of the day. Mark the high and the low.

If a new candle closes above that high, you go long. If it closes below

the low, you short. Keep your stop loss tight at one percent or the candle's

length. Forget targets, just ride the wave until the market closes.