Opening Range Breakout Rules: The Checklist

Free checklistBreakoutNY open 9:30

The ideaMark the first minutes of the New York open, then trade the candle that closes outside that range.

Grade your setup

Tick what's true for the trade in front of you. The weights add up to 100. A deal-breaker missing means no trade, whatever the score.

Candle closed outside range (not just a wick)Required25Breakout direction agrees with direction filterRequired20Range width within min/max ATR limitsRequired15Opening range marked after full range period closedRequired10Before cutoff timeRequired10No high-impact news in next 30 minRequired10Breakout candle volume above averageNice to have10

Tick the checks0/100

MarketsNQ, ES, XAUUSD

Timeframes1m, 5m

Typical reward1.5–2R

LevelBeginner

Journaling software, not financial advice. A checklist describes a setup; it does not predict results.