trading ยท saved October 10
ORB on MNQ superior to retail vendor concepts
The Opening Range Breakout on MNQ is superior to other retail trading concepts, with a claimed 90.89% rate of price driving to the 50% extension.
The post claims that the Opening Range Breakout on MNQ is superior to concepts taught by retail vendors. It asserts that 90.89 percent of the time a 5-minute candle closes outside the ORB, price drives straight into the 50 percent extension. The post is cut off mid-sentence asking how this is determined. No public source turned up to check this against, so treat it as an outline of the post rather than a verified brief.
What it asserts
- ORB on MNQ is superior to all concepts retail vendors teach
- 90.89 percent of the time a 5-minute candle closes outside the ORB, price drives into the 50 percent extension
- Retail vendor concepts are useless
Keep
- The author advocates for ORB on MNQ over other retail-taught strategies
- A specific statistical claim is made about ORB breakout success rate and target
- The post is part of a thread (1/2) and is incomplete
Still open
- What is the sample size and time period for the 90.89% statistic
- How is 'drives straight into the 50 percent extension' defined and measured
How this was researched
ORB opening range breakout MNQ micro futures 5 minute candle statistics
opening range breakout 50 percent extension probability futures trading
opening range breakout 50 percent extension probability futures trading