Trading Systems Day 3

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

Today's first hour has 47 point range.
The First hour high : 6509.06
The first Hour Low : 6463.39
 
Long entry is 6510...Target 6557
Short Entry is 6463...Target 6416
Stops are 47 points and Targets are 47 points for Today.

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

 ftse190815

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