Opening Range Breakout , Crabel method

How can you use Opening Range Breakout when the electronic markets open a few hours after they close? Is Opening Range Breakout dead except in Indexes? Does it still work on ETF's?
 
Quote from JaiSreeram:

How can you use Opening Range Breakout when the electronic markets open a few hours after they close? Is Opening Range Breakout dead except in Indexes? Does it still work on ETF's?
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I have done some work with using the close, you need to expand the breakout range, Using a opening range breakout we normally used 30% to 50%. When using the close I have found 70% to 100% is required to give good signals for a basket of commodities.
 
We still have no power due to the Hurricane. We expect it up later this week, but we are still checking e-mail for tech support. In addition we are having a hurricane sale, I will include a free membership pack with any new order of $495.00 or more between now and Friday. This is a $199.00 value.
 
We still do not have any power and we still are offering the same sale, let's make it though Saturday now. We will be shipping orders out this weekend or right after the holiday. We will also allow you to download the product while you are waiting on request. This way you can have it over the weekend.
 
Quote from Murray Ruggiero:

We still do not have any power and we still are offering the same sale, let's make it though Saturday now. We will be shipping orders out this weekend or right after the holiday. We will also allow you to download the product while you are waiting on request. This way you can have it over the weekend.
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We are back up and running and I am beginning to catch up. I will be exploring several alternative to opening range breakout as well as a few other ideas over the next few months.
 
Are you going to testing artificial day session in some markets and see if they can be used to trade using opening range breakout ?
For example use old pit times to make artificial session for new electronic markets only.
 
Quote from Gyles:

Are you going to testing artificial day session in some markets and see if they can be used to trade using opening range breakout ?
For example use old pit times to make artificial session for new electronic markets only.
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Yes, I have not decided which market to do yet.
 
Quote from trader90210:

While the Crabel book itself is interesting, his ideas are no better than random. It makes me wonder why people spend their time going over methods that are not profitable.
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Anyone look into Crabels time in the market when he made huge money on opening ranges, it was a long while ago and I think it was sort of like market timing in "funds"= free money amost


He is managing big sums of money now and I would bet his strats take on very comlex measures other than opening range ?

ANyone ?
 
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