AG 2000' said:
McInnis 03 said:
It actually got them today!
What are all your rules on the ORB? What do you use for confirmation outside the opening range?
My rules are pretty laxed.
I use a closing candle on a 2m or 5m outside the OR to be confirmation of the break.
Most responsible people would wait for the break, then a pullback to the OR, then take the position. I don't always, but if I take the trade I'll use a stop or mental stop at the OR or just inside it to make sure things don't go south.
The important thing is the closing of a candle outside the opening range. You jump the gun and you're gonna get reversed lol.
P.S. I also like these earlier in the day, say before or right at lunch.... if something range breaks in Power Hour, I'm not taking it.