Exploring an Advanced Opening Range Breakout Strategy ✅

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Advanced Opening Range Breakout Strategy. This is a little bit of an extra dimension to the traditional opening range breakout strategy. You may be familiar with the breakout trade - where you are framing the open (say 15 minutes) and you're going long when a breakout happens above it (and vice-versa). The theory being that there is quite a bit of noise during the open and after some time the true trend of the day starts to kick in. The traditional open range breakout trade is susceptible to getting stopped out so how do we tweak this to reduce the false breakouts. OK.

Advanced Filters for Breakout Trades: Daily Flags and Mean Reversion

- The video discusses an advanced opening range breakout strategy that adds an extra dimension to the traditional approach.
- The traditional opening range breakout trade involves going long when there is a breakout above the opening range and going short when there is a breakout below it.
- The downside of the traditional approach is the potential for getting pinned out in choppy markets with no clear trend.
- The advanced strategy suggests using filters based on the daily chart to determine the right conditions for a breakout trade.
- Two filter ideas mentioned are looking for a daily flag pattern or mean reversion within a trend to improve the chances of a successful breakout trade.

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Видео Exploring an Advanced Opening Range Breakout Strategy ✅ канала UKspreadbetting