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Alihasan Jeraj

5 minute breakout strategy

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Was Tesla a good example today where the 5 minute breakout strategy could be applied?
How reliant are most traders to this strategy?

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How reliant are most traders to this strategy?

Personally, I use it as a strategy to take position as one element among many others because, by using only the 5-minute ORB, I find that it lacks the big picture. Often, I prefer to do a premarket range breakout using a daily bias derived from an analysis of the higher time frames. 

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