The Open Range Breakout (ORB) strategy is an intraday trading method that involves identifying the high and low prices during the initial 15 to 60 minutes after market open, known as the “open range.” Traders set breakout levels at these high and low points and enter trades when the price moves beyond these levels—buying if it breaks above the high and selling if it breaks below the low. This strategy aims to capitalize on the momentum that often follows these early price movements, with clear stop-loss and profit targets to manage risk.