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The ORB (Opening Range Breakout) is a well known concept discovered by Tobi Crabel  that intraday traders use to profit from the opening action of the day.

Now available on the PRT platform,

·       Designed to trade  Indexes, Commodities and Cryptocurrencies.

·       Daytrading strategy from 09:30 am to 14:30.

·       Buy and sell signals are printed onto the chart with exact stop loss and take profit.

·       Calculates trend direction based on volatility in recent price action range.

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Opening Range Breakout London session

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Warren Buffett

London City

A very simple strategy where you get trading signals on your Chart daily from 9:30 am with exact entry prices for buy and sell (long / short) with stop loss and price target in markets from Indexes, Commodities to Forex. 

STRATEGY: Break out.

TIMEFRAME: 1 minute, 5 minutes,  10 minutes, 15 minutes and 30 minutes.

TIMEZONE: Europe.

ENTRY HOURS: 4 -5 hours a day (closed to US session)

STOPLOSS:  0.75% – 1.00% (max)

OVERNIGHT TRADE: No.

In simple terms, the London Breakout strategy  is a day trading strategy that seeks to take advantage of the trading range prior to the London opening session.

 

Because London is in a different timezone, the market opens several hours before exchanges in New York. This gives traders a unique opportunity to enter into new positions.

 

The bulk of buying and selling stops becomes an easy target for smart money.

Remember that traders need liquidity to execute their orders.

And, the smart money is always in search of liquidity to fill their large orders. That’s the reason why smart money needs to trigger those stops.

 

The London Open (8AM GMT time) makes a great time to trade for several reasons.

·       The London trading session is the most liquid, accounting for 30% of all forex transactions.

·       The London session is typically the most volatile sessions.

·       Trends often form at the beginning for the London session that carry through until the beginning of the New York session.

 

The first movement in the morning is often the decisive one.

How to Define the London Trading Range

The ideal time window to trade the London ORB strategy is from 9:30 a.m. to 14:30 a.m. in European time zone.

Captura de Pantalla 2022 10 09 a las 19.28.50

How to Trade the London Breakout Strategy

 

Rule #1 Look at the box drawn on the chart from 7:00 to 9:30 a.m

 

Captura de Pantalla 2022 10 09 a las 19.29.31

 

Rule #2: Wait for the price to generate the Breakout from 9:30 a.m to 12:00 noon.

Rule #3. Manage this bullish or bearish (choose one)

Captura de Pantalla 2022 10 09 a las 17.34.56

Rule #4 with the range size data calculate the position size using a risk no greater than 1%.

Rule #5. Set the stop loss and take profit given by the indicator

Rule #6 Use a Time Stop, if the trade has not reached the target or the stop loss and close the position before the US session.

Captura de Pantalla 2022 10 12 a las 9.22.14

 

 

Summary – London Breakout Trading Strategy

The London breakout strategy can increase the probability of your success in the forex market. Now that we know the technical concepts behind the London open make sure you only take those setups that align with all the rules exposed throughout this trading guide.

The London breakout strategy win rate is somewhere around 70%. This should give you consistent returns over the long run. However, the ultimate key to consistent long-term profitability is also having a good risk management strategy. So, be sure you trade safe and wise!

 

If you keep in mind these 3 trading tenets, you’ll have no problem beating the dealers at their own game:

  • Volatility
  • Fade the pre-open bullish/bearish momentum
  • Use a time stop loss

 

If you’re in the US, the bad news is that it’s the middle of the night when the London open happens. But, the good news is that you can take advantage of the New York open using the same rules adapted for the New York breakout strategy. In fact, some trading strategies will involve using the London open and the New York open within the very same day.

 

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