JonathanChen

FB opening range breakout

NASDAQ:FB   FACEBOOK INC
FB             breaks through 85.13 then bounced back around 85.60, and back to 85.33
  • Opening Range: 20 minutes
Hi,
Just learning about opening range trading, your approach seems interesting but different than I have read. Would you consider explaining this chart to me - timeframe selection and the boxes? Thanks! Jenn
Reply
Hi Jenn, I chose 20 minute as opening range period, and buy a little bit higher than the breaking line. Exit when it bounced back through EMA 36. I chose EMA 20 and 36 to match the trend.
Reply
jcpdx JonathanChen
Thx for clarification!
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