Tried an ORB on earnings gap, covered everything at previous highs. Stopped out for a small loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-22 09:39:52 | SCS | sell | $14.760 | short |
2015-12-22 09:49:55 | SCS | buy | $15.230 | 0 |
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Remember that opening range setups are based on the opening range established by at least 3 5-minute candles. That said, I think it was a nice try. Just had to watch the support levels on the daily chart that it was gapping down into.