Section 6 · 9:30 AM Open
The Opening Range Breakout (ORB)
Wait, let it build, then attack with precision
The ORB: wait, let it build, then attack.
The Opening Range Breakout is a patience trade by design. You let the first 5–30 minutes carve out a high and low — the opening range. You set alerts. You wait. When price breaks above the high (or below the low) on above-average volume, you enter with your stop at the opposite boundary. The longer the range formation, the cleaner the breakout signal and the better the win rate.
3 things to know
Longer ORB windows (15-min, 30-min) produce higher win rates than 5-minute ORBs because they filter more noise.
The measured move target for an ORB trade is the range width added above the breakout point — range = $1.20 means target is $1.20 above breakout.
Stop on an ORB breakout always goes at the opposite range boundary — range low for a long, range high for a short.
Dive Deeper
Key vocabulary — tap each card
Practice
Scenario
HIMS has a 15-minute ORB high of $18.40 and an ORB low of $17.20. At 9:47, it breaks $18.40 with a large green candle and 2x average volume. You enter long. Where does your stop go?
Did you know?
Laurence Connors' research on ORB strategies found positive expectancy of $0.23 per share across 20,000 simulated trades on top pre-market volume stocks.
🧠 Knowledge Check
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An Opening Range Breakout (ORB) strategy requires you to...