Hopefully sharing will improve my own understanding.
Few more points to improve ORB trades:
Taking trades in the direction of the 30 min trend, is a better bet.
Once you have entered the trade, watch out for the breaking candle formation.
If the breaking candle has little/no wick and is large, good chance of break out.
If the breaking candle has tail against the trade direction, less chance of hitting target.
If breaking candle is a rejection bar, more likely to be stopped out. The rejection direction has to be confirmed by next candle. You'll have to be in the trade at the time. If it is against trade direction, then get out to cut losses.
On 26/6/20, the first 5 min candle was bullish hammer, however the breaking candle looked like bearish, being hammer on top of the range. But the next candle was a bullish marubozu, and then it rose 3.9%.
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