Andrew Aziz

1. TradeBook Strategies cheat sheet: High-of-Day Break and 5-Minute Opening Range Breakout (Bear Bull Traders, 2021) — own site, 2021

• FilterHigh-of-Day (HOD) break: he prefers stocks above about $100 because their Level 2 is simpler to read, with large asks at half-dollar and dollar levels that serve as resistance and places to take partial profits.
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• FilterCandidates: stocks with high volume that gapped up or down, or have a strong catalyst (“stocks in play”). Use VWAP to judge whether a stock is too extended for a good risk. Do not enter in the direction of a long wick; take pullback entries only at clear support or resistance.
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• EntryDo not use the HOD break in the first 10 minutes of the session. Entry options: below the HOD (early, or on surging volume, but no further than $0.10 below), at the HOD only when it is an exact dollar level with a large ask being bought up, and in most other cases just above the HOD after the bid breaks it.
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• Entry5-minute opening range breakout: start 5 minutes after the open; the high and low of the first 5-minute candle define the range. Enter in the direction of the break (it may come a few minutes after the range is set), or on a pullback to a technical level such as VWAP.
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• StopOpening-range stop: the loss or break of VWAP (a tight stop, since you should not be far from VWAP). If entered on a pullback at VWAP, the stop is the next technical level or slightly beyond VWAP.
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• ExitIf an HOD break is not working 10 minutes after the open, exit within about a minute; in the afternoon wait at most about 5 minutes. Small losses (around 0.2R) or break-even exits are normal; the full 1R “fail-safe stop” happens when the HOD is violently rejected within three 1-minute candles, about 10% of trades.
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• ExitTake profits in aggressive 50% partials: the first near 1R (about a $1 move on these stocks), then 50% of the rest at each further move of about $1, or $2 for more volatile stocks.
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• ExitTarget: the next technical level (moving averages, the previous day’s close, the high or low of the last two days, or a marked daily support/resistance). Do not stop yourself out early when a winner reverses: take enough partials.
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• Size and riskRisk the same dollar amount on every trade (“R”). A trade that stops out fully loses 1R; he does not hold for a fixed profit or a full 1R loss, because the setup should work quickly.
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• DisciplineHe says 95% of his trades are HOD breaks: strategy focus forces patience and fights overtrading.
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Often attributed to this trader, but not found in the sources above. Not listed as his or her rules.

• Win rate and results are not given in the cheat sheet. His preference for a 15- or 30-minute range over the 5-minute one comes from other material (a glossary) that was not read.

Rules depend on a stock market open, Level 2 and fast execution (he names a direct-access platform), so they do not transfer to a 24/7 crypto market as written. “Technical level” and “clear support” are judgements. No record of results is given.