Intraday Breakouts Gap & Opening Range Breakout The Opening Range Breakout is not only popular but an excellent strategy with proven results for intraday traders who especially use 5-10-15 minute charts. Combine this with a Gap opening and you only increase your probability of success. This style of trading will fit in well with you if you can make quick decisions with entries and exits extremely well disciplined with managing risk on your account. Defining The Opening Range The opening range is the high and low of a given period after the market opens. This period is generally the first 15 minutes of trading . Some traders to use higher time frames like 30 mins or an hour as well. Defining Gap Up/Down The Yes Bank chart shows price has gapped up this morning by nearly 4%, i.e the difference between the closing price yesterday and the opening price this morning. A necessary condition is that today’s open is higher than yesterday’s high which is als...
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