actio-et-reactio
Balance is but a brief transition between extremes.
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Thursday, September 08, 2005
Opening Range Methods
Opening Range (OR) trading has been around for many many years. In the most general use, the OR and OR Extensions serve as Support and Resistance levels to trade into or against. There are scores of methods traders have devised to exploit breakouts, but
in this article, I focus on various OR extension methods.
I've used and briefly documented a number of these before, but to make this a more complete survey, I've added Sniffy's "Stiedlmayer" extension method, as well as links to further reading on the Market Profile method.
The trader-tinker might enjoy experimenting with these to see for themselves which yield the most tradable ideas.
Labels: trading-method
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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