Lately I have been examining ORB and would like to hear others comments on this strategy.
Through recent weeks of study, I have found Opening range breakouts to the upside are only good for 3-6 points (as we are in a declining market). And of course there have been times where you could muster out 6+ or you of course could get stopped out with a loss.
Range breakouts to the downside however prove to be more profitable and a trailing stop would do wonders.
Any others have insight on this strategy in the recent market conditions, would like to hear stories, findings, etc.
Thanks
Through recent weeks of study, I have found Opening range breakouts to the upside are only good for 3-6 points (as we are in a declining market). And of course there have been times where you could muster out 6+ or you of course could get stopped out with a loss.
Range breakouts to the downside however prove to be more profitable and a trailing stop would do wonders.
Any others have insight on this strategy in the recent market conditions, would like to hear stories, findings, etc.
Thanks