Opening Range Breakout (ORB)¶
Zanger's ORB Rules¶
When to Use ORB¶
| Condition | ORB Timeframe |
|---|---|
| Big move previous day | Check 15/30m ORB |
| Stock gapping > 5% | Use 15m ORB |
| Normal gap 2-4% | Standard ORB |
Key Rules¶
Gap Rules
- Never chase gap up/down > 2-4% unless coming out of large base
- Check if gap is holding before entry
Entry¶
- Wait for opening range to form (15 or 30 minutes)
- Mark high and low of the range
- Enter on break above/below range
- Stop on opposite side of range
Quote to Remember¶
"Stocks are only good when they are going up." - Zanger
My ORB Process¶
- Identify gap candidates premarket
- Wait for first 15-30 minutes
- Mark opening range
- Enter on confirmed break with volume
- Stop at mid-range or opposite side