A Field Guide to Opening Range Breakouts

Description

A Field Guide to Opening Range Breakouts
by A.S. Bullingham · Coming soon from OBOS Publishing

Mark the high and low of the first few minutes, wait for price to leave that box, and trade in the direction it goes. It sounds simple until you have to decide how many minutes make the range, what counts as a breakout, and where the stop belongs.

A Field Guide to Opening Range Breakouts answers those questions one at a time. Every term has a clear rule behind it, so two traders looking at the same chart see the same range, the same breakout and the same trade. From there, the book covers the ranges and levels traders watch at the open and twenty-three opening range setups. Each setup comes with its entry, stop and target written out, an example chart and real market sessions.

Every setup has also been run across tens of thousands of simulated trading sessions. You see how each one behaves, and how often price breaks out anyway, before you risk anything on it.

Inside the book:

• How to mark the opening range correctly on US stocks, index and crude oil futures, and UK and European markets
• Ranges from the first candle to the first hour, plus premarket, overnight and distance-from-the-open levels
• Twenty-three setups covering breakouts, retests, failed breakouts, gaps and narrow-range days
• A morning plan, the orders to use at the open, and how to manage a breakout trade
• A practical method for testing any opening range idea before trading it

Part of the A Field Guide to… series: clear, practical handbooks for traders who want rules, not hype.