This blog is a continuation looking at trading systems, in particular the 1 - hour trading system.  

Today is Day 3 of trading systems, so what did the markets do today?

1 Hour Trading System

Day 3 - 19th August 2015

This falls a little bit outside the acceptable points range but I would still place a trade.

(Charts created using MetaStock Pro 14, Try it now for free for 2 months - MetaStock Free)

This blog is a continuation looking at trading systems, in particular the 1 - hour trading system.  

Today is Day 2 of trading systems, so what did the markets do today?

1 Hour Trading System

Day 2 - 18th August 2015

Today's first hour has 38 point range.
The First hour high : 6564.55
The first Hour Low : 6527.79

Long entry is 6565...Target 6603
Short Entry is 6527...Target 6489
Stops are 38 points and Targets are 38 points for Today.

This falls into the acceptable points range so a trade would have been placed today.

(Charts created using MetaStock Pro 14, Try it now for free for 2 months - MetaStock Free)

Trading Systems

Trading systems have been used all over the world for centuries, why are they so popular you may ask? Well it's because of the many benefits the trading systems provide such as providing entry and exit points, taking the emotion out of your trading, providing a plan and consistency and hopefully making you some profit.

This blog will be looking at a few of these trading systems and looking at how they work and how they perform. There are so many trading systems to choose from that it can be hard to decide which one to use but it does depend on what type of trader you are and the level of risk and complexity you would like to take.

Whatever trading system you decide to use you should try to have a few rules in place things like:

• Try to stick to one trading system at a time, you don't want to overtrade and confuse yourself!
• Test out the system fully before you actually place a real trade with real money! This is where you will be able to tell if the trading system works for you or not.
• Stick to your money management rules.
• Try to stick to the rules of the trading system, of course you can adapt it but don't change it completely as the rules are usually there for a reason.
• Remember any type of trading carries risk.

These are just some of the rules, I'm sure you will have many more.

1-Hour Trading System

In this first blog I will be looking at the 1-hour trading system, I have chosen this particular trading system because it is very simple and I like simple :)

So what is the trading system? Well it works on the basis that the first hour of trading sets the tone for the rest of the trading day, this is based on a 5-minute chart. 

So you take the first hours high and the first hours low and find the different in points range, you would then use this as your trading range.  You would do a buy bet at the first hour high price and set the stop loss at the trading range, you do the same thing for the sell bet, you do a short on the first hour low price and set the stop loss at the trading range.  The prices should move in the direction of the breakout an amount equal to the range of the first hours trading.

Whatever happens, you should exit at the end of the day if neither your stops or limits gets hit as you should not keep any over night positions.  Also another rule is that if the trading range on the first hour is very large say more than 40 points then it's best to not to open a trade for that day and come back the following day.  The reason for this is that the higher the trading range the more risk involved in the trade, the ideal range is from 10-30 points in the first hour. As you can see this 1 hour trading system is quite an easy system to follow.

So what was the system for Day 1 Monday 17th August?

The first hour has 60 point range.
The First hour high : 6585.80
The first Hour Low : 6526.65

Long entry is 6586...Target 6646
Short Entry is 6526...Target 6466
Stops are 60 points and Targets are 60 points for Today.

(Charts created using MetaStock Pro 14, Try it now for free for 2 months - MetaStock Free)

As there is such a high points range this trade would be too risky and therefore no trade would be done.

We have to wait for the next day to see if a trade is possible.

This blog is an update from the share tips from 4th November to 1st December 2013 from the Premium Section called Share Tips.There was a possible 2000+ points profit to have been made.This obviously assumes the max possible and some of these shares have since closed out and most are still active. November was a good month in terms of profits made but please bear in mind some tips did fail but the losses were small compared to the gains from the wining shares.

This blog is going to be done like the previous blogs where it will show you the before picture and after pictures of the shares. This is the best way to show this, as its easy to follow. I will put the dates on the companies tipped so that members can check when the tips were done so that you know it's the real deal.

 here goes

4th November - 10th November 2013

BARC.L

Before: This is the chart of barclays when i first mentioned it.

After : This bounced of 250 perfectly and has since moved 25+ points in profit

DJAN.L

Before: This is the Chart of Daejan Holdings when I first mentioned this:

After : This broke out perfectly from the assending Triangle and has since moved over 340 + Points

DLAR.L

Before: This is the Chart of De La Rue when I first mentioned this:

After : This bounced of the support perfectly on a first attempt basis and has since moved over 110 points in profit.

GOG.L

Before: This is the Chart of Go Ahead Group when I first mentioned this:

After : This just hanged around the support for most of the month and then finally exploaded out to give us a profit of over 170+points.

HSV.L

Before: This is the Chart of Home Serve when I first mentioned this:

After : This broke out of a 123 low formation and has moved over 33 points in profit.

MONY.L

Before: This is the Chart of Moneysupermarket when I first mentioned this:

After : This gapped above the entry and moved higher. This one would have been hard to enter. This would have been one of those unlucky missed trades.

SHB.L

Before: This is the Chart of Shaftesbury when I first mentioned this:

After : This bounced of perfectly from the trend line on the first attempt. This was an inch perfect trade. This has since moved 55+ points.

JDW.L

Before: This is the Chart of Wetherspoon when I first mentioned this:

After : This filled the gap perfectly based on the windows method. This has since moved 125 + points

11th November - 17th November

 CPG.L

Before: This is the Chart of Compass Group when I first mentioned this:

After : This broke out of the triangle nicely and has since moved over 50 + points. This even back tested the breakout.

IPO.L

Before: This is the Chart of IP Group when I first mentioned this:

After : This broke out strongly and moved quickly away. This went as high as 40 points. This has also recently backtested the breakout point.

18th November - 24th November 2013

BRW.L

Before: This is the Chart of Brewin Dolphin when I first mentioned this:

After : This broke out nicely from an assending triangle and has since moved over 20 points.

DLAR.L

Before: This is the Chart of De La Rue when I first mentioned this:

After : This broke out of a 123 low formation and has since moved over 100 points.

GLEN.L

Before: This is the Chart of Glencore xstra when I first mentioned this:

After : This broke out of the trading range and moved lower. This had gone low as 26 points. Roughly the trading range target.

ROR.L

Before: This is the Chart of Rotork PLC when I first mentioned this:

After : This broke out of the symmetrical triangle and netted over 200 points.

SXS.L

Before: This is the Chart of Spectris when I first mentioned this:

After : This broke out of the symmetrical triangle and netted over 200 points. 

25th November - 1st December

BALF.L 

Before: This is the Chart of Balfour Beatty when I first mentioned this:

After : This bounced of nicely from the back test and has since moved over 35 points

CPI.L

Before: This is the Chart of Capita PLC when I first mentioned this:

After : This broke out of the short term down trend line and moved up slowly. Moved over 40 points.

GKP.L

Before: This is the Chart of Gulf Keystone when I first mentioned this:

After : This broke out of the 123 low and has moved over 25 points.

PARA.L

Before: This is the Chart of Paragon Group when I first mentioned this:

After: This broke out of the symmetrical triangle and has moved over 25 points

PTEC.L

Before: This is the Chart of Playtech when I first mentioned this:

After : This gapped up as predicted and moved over 65 points.

RIO.L

Before: This is the Chart of Rio Tinto  when I first mentioned this:

After : This bounced of the trend line perfectly and has moved over 280+ points.

TLPR.L

Before: This is the Chart of Tullett Prebon when I first mentioned this:

After : This broke out of the 123 low pattern and signalled the end of the correction. This is currently up 50+ points.

That concludes the long blog for the whole of November. As can be seen there was a lot of good trades in November and it was another hefty month for gains as i netted over 2000 points. Im still in most of them with free trades so more profits hopefully to come as we have a bit more to go with the markets.

Hope the blog was understandable as i have done it so its easy to read and understand.

Im falling behind with the blogs as have been very busy with the trading. I still have to do Decembers blog yet....

so keep an eye out.

Here is the links to previous blogs so you can see how well they have done.

ShareTips from 21st October-3rd November

Share Tips from 2nd September - 20th October 2013

Share tips from 28th May - 2nd September Part 3

Share tips from 28th May - 2nd September Part 2

Share tips from 28th May - 2nd September Part 1

The tips section is available only to members and as membership is only £39.95 for the year what are you waiting for.

See you on the forums

remo

This blog is going to be done like the previous blogs where it will show you the before picture and after pictures of the shares. This is the best way to show this, as its easy to follow and as many know I don't do hindsight trading like many so called pros out there. This blog will show this. I will put the dates on the companies tipped so that members can check when the tips were done so that you know it's the real deal. Like I have said there is no hindsight trading. It's all done by pure charting, here goes.

21st October 2013

ADM.L

Before: This is the Chart of Admiral Group when I first mentioned this:

After: This broke out nicely and has moved over 50 points from the breakout.

BAB.L

Before: This is the Chart of Babcock International when I first mentioned this:

After : This broke out of the Assending Triangle and moved over 60 points.This should be a free trade now.

FRCL.L

Before: This is the Chart of FOR COL Investment TR when I first mentioned this:

After: This broke out of the Symmetrical Triangle but more of a sideways break.This has moved around 7 points in profit so still early in the trade.

VED.L

Before: This is the Chart of Vedanta Resources when I first mentioned this:

After :  This broke out of a 123 low formation and even back tested this.This has moved over 55 points since the tip.

WG.L

Before: This is the Chart of Wood Group when I first mentioned this:

After: This broke out of a 123 low formation and moved about 20 points.This has since gone down so should have made some profit on this .

28th October 2013

BAG.L

Before: This is the Chart of Barr AG when I first mentioned this:

After: This worked out perfectly as this bounced of the strong support as expected. This has since moved over 35 points

 BG.L

Before: This is the Chart of BG Group when I first mentioned this:

After:  This hit the resistance and turned down perfectly for a short term trade. This is still hovering around the resistance but now there is risk attached to this on the short side. This moved about 17 points in profit.

CCL.L

Before: This is the Chart of Carnival when I first mentioned this:

After: This worked out perfectly for a first attempt trade as this moved over 28 points in profit. This has since moved higher so should have made some profit on this trade.

DIAL.L

Before: This is the Chart of Dialight when I first mentioned this:

After: This was another one that bounced of perfectly on a first attempt.This shows how good the first attempt trades are.This went over 30 points in profit but has since fallen through the support.

IMT.L

Before: This is the Chart of Imperial Tobacco when I first mentioned this:

After: This is another great first attempt trade. This moved over 90 points from the initial entry. This has since moved higher so shows how good the first attempt trades are.

LRD.L

 Before: This is the Chart of Laird when I first mentioned this:

After: This is another good example of a first attempt trade. This moved over 10 points from the short and is still hanging around this area so now there is risk attached to this so profits should be taken and the rest moved to break even.

As can be seen from this blog the share tips section has been performing really well. In 2 weeks it has netted over 390 points. Theres no hindsight trading and the proof is all in the blog as I have shown you the before and after pictures of the tip. If still in doubt then just look through all the share tips in the share tips section. 

This blog is done fairly quickly so some of the trades have a lot more to go. This blog should have shown the power of a first attempt trade in action.If you look carefully you should be able to tell how good the resistance and supports are that i give. I pride  myself for accuracy and there aint many people that can say the same about there accuracy. It would be nice if others can show real life trades like i do.  Chartsview community is about sharing ones knowledge to better our selfs .Most of the tips i give are for the short term trades so please bear that in mind.

 All these tips are available through the premuim section of the website and at £39.95 for a years subcription it's a steal. Where else do you get over 500 tips in a year for a measley £39.95?

So what are you waiting for??

Sign up and and join ChartsVew!

ChartsView Membership - Join Now!

remo