The Opening Range

When you get bar 1 and bar 2 in opposite directions, you can assume this is probably the Opening Range.

If bar 1 is a large taily bar it is probably the Opening Range.

When bar 2 is an Outside Bar it is probably the Opening Range too.
Read more here at Cad’s blog: First bar: Outside bar

A misplaced Reversal Bar (e.g. a bull RVB at the high of yesterday’s range or a bear RVB at the low of it) can be the Opening Range as well.

Look for a failed Breakout (if the OR is large enough) or a Breakout Pullback of the Opening Range.

You can also look for limit trades

  • Buy Below or Sell above (BB/SA) the extremes of the Opening Range or Higher Lows, Lower Highs within that
  • Buy the Low or Sell the High of a Swing or the extreme of the Opening Range (creating DB/DT or mDB/mDT)
  • Buy or Sell closes near the extremes of the Opening Range
E-mini 5 min RTH chart from 2018/08/17

On this day the Three Bar Reversal (3BR), that created a Wedge failed Breakout (a three push move) of the Opening Range, was the origin of a trend, that last all day.

Check out also this post about the Open.

Check out these posts from my favorite blog for more details.

Opening range Breakout and pullback
The opening fBO
Measured move of opening range
Trading plan: Trading Range day
Anatomy of a trading day