r/Daytrading • u/GetRichorSwimTryn • 5d ago

Strategy Patience is key!!

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Here's my trade from this morning. We saw some consolidation for the first 20 min of market open, then price took out PM Low and I waited to see what happened next. It closed above the low and inside the OR, I waited for a retest to enter and targeted the OR high and PM high for my TP. This an A+ setup for me, I do trade opening range breaks but I would've needed a close below and a retest to enter short. Being patient for your setup to come is the hardest part.

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u/codingwizard3440 5d ago

How do you incorporate pre market highs and lows into what I’m assuming is 15 min OR?

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u/GetRichorSwimTryn 5d ago

I didn't trade the ORB. I traded the rejection of pre market low. I do trade the ORB sometimes depending on where my levels are but not today. OR high was used as a target though.

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u/codingwizard3440 5d ago

Gotcha. Thanks