A trader explains an intraday method: buy when price breaks above the first candle of the session and buyers push it higher without resistance. This setup supposedly delivers a high win rate and minimal stop-losses for opening range breakout traders.
I cannot explain how much this made me profitable. And I'm trading it right now. Very, very high win rate. So you take the first candle and whenever we break above, you don't want to see buyers being absorbed and reverting. Okay? We want to see buyers dominating the auction, more fair value built outside of the candle because they're showing you acceptance. And then you just buy with a much higher degree of confidence. You're going to save yourself. If you're an orb trader, guys, you're going to save yourself so many stop loss. Thank me later.
