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The Opening Range: Stats to Help your Trading

Updated: Oct 10, 2023

Recently, I've been really excited about seeing the Opening Range (OR) trading strategy get more attention in trading circles. If you've watched my "How I Day Trade" Video Series it's no surprise that I'm a big fan of the Opening Range. Sometimes people on the internet mistakenly refer to the OR as my strategy; for clarity, yes I use it and I'm vocal about it but I am certainly not the creator. The Opening Range is an old, tried & true pit trading strategy that was popularized by traders such as Mark Fisher in his book "The Logical Trader." Over the years, I've taken what I learned from people like Fisher and added my own twist and I think the OR Strategy stands the test of time, proving to be very potent to this day. In this article, I wanted to share some data collection that I've recently done regarding the OR that I think could further enhance the strategy. This data is not in my video series, so hopefully this is thought-provoking new information for those of you that use the 30min Opening Range. I specifically chose to look at recent data (Jan2021 - Present) to demonstrate the OR's relevancy in modern day trading. I'll start by stating the conclusion of the data-pull and then discuss what it means for trading the strategy. The 30min Opening Range: Holding the Highs and Lows

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