Should I take that this method is not effective or does not work? Please comment.
Does Opening range breakout still work ?
- Thread starter JaiSreeram
- Start date
Should I take that this method is not effective or does not work? Please comment.
Opening range breakouts have shown decent success in equities that have gapped out of prior daily range in a 10 - 30 minute time frame after opening. I don't think the strategy will work in 24 hour continuos markets.
Years ago, this method provided a distinct edge, but has recently shown wear-n-tear as pros got hip and now fade the breakouts.
Check out the Type B trades of this vendor to get an idea of the performance of that setup and the gradual deterioration over time.
http://www.swingtrades.com/performanceday.php
Years ago, this method provided a distinct edge, but has recently shown wear-n-tear as pros got hip and now fade the breakouts.
Check out the Type B trades of this vendor to get an idea of the performance of that setup and the gradual deterioration over time.
http://www.swingtrades.com/performanceday.php
I would not spend much time examining the opening range. This is a game of highs and lows, for the most part, don't get fixated on time, there isn't a miracle alarm clock except for lunch when volume decreases and price action deteriorates.
Nice to see the hostile responses. What is it with you people anyway, if it's not a joke, a mock or an insult you not interested in the discussion ?
Bitter failed traders make PMS look like a walk in the park.
Anek
Nice to see the hostile responses. What is it with you people anyway, if it's not a joke, a mock or an insult you not interested in the discussion ?
Bitter failed traders make PMS look like a walk in the park.
Anek
Thanks for the answers. 