Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TAking

How effective is the 15 minute intraday breakout?

Recommended Posts

One strategy when trading the emini S&P 500 involves playing the 15 minute range breakout. I was curious to know if this method is still common?

 

I have not tested this yet but would like to know if anyone in this forum trades this strategy.

Share this post


Link to post
Share on other sites

I wouldnt rely on it too much. I have noticed the half hour reversal to be fairly common. So even if you did buy a breakout of the 15minute range, you are running right into potential resistance.

Share this post


Link to post
Share on other sites
soultrader,

 

In MP theory, the 1st hr range is where the floor trader set the range, do you look for breakouts from this range?

 

The opening range breakout is an interesting topic. I find that traders use a variety of opening range breakout strategy. Some chose to play 5min breakouts, 30min, or 60min. I recall Oliver Velez mentioning the 60 min breakout to be a powerful signal for stocks.

 

I personally do not play the opening range breakout. I find it unpredictable and the concept behind it doesnt make any sense to me. If the markets extend beyond the initial balance, I will still play a pullback of the breakout.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.