WickCheck / Trading school / Opening range breakout
Opening range breakoutORBIntermediate
The high and low of the first minutes of a session, traded on a break.
What it means
A 15 or 30-minute opening range on the New York stock open is the classic version. Close beyond the range enters; the opposite side is the stop.
How to spot it
- Mark the high and low of the first N minutes.
Common mistakes
- Taking every break on days with high-impact news at the open.
Related terms
New York sessionThe US session, roughly 08:00 to 17:00 New York time, with the biggest moves aro…Stop orderAn order to buy above or sell below the current price, used to enter breakouts o…RangeSideways price between a clear high and low, with no trend.…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.