1 hour day trading technique...18thoct

Today's first hour has 32 point range.
The First hour high : 6627.96
The first Hour Low : 6596.43

Long entry is 6628...Target 6660
Short Entry is 6596..Target 6564.
Stops are 32 points and Targets are 32 points for Today.

There is 32 points range so as Remo said its very risky and also not sure of the low because its hovering around there at the moment.

Thats just typical...lol
The first time i post this for a long time it has a double loss . All this time its been winning .It had a run of 9 days without a loss and then double loss. ..lol...Thats sods law in action.
This system is best done over a long period to benefit from.

ive also noticed that if the range is more than 20 points then added risk to trade. You may have to adjust the system to suit.

Today's first hour has 25 point range.
The First hour high : 6613.97
The first Hour Low : 6589.15

Long entry is 6614...Tartget 6639
Short Entry is 6589..Target 6564....
Stops are 25 points and Targets are 25 points for Today



This system requires that you trade this every day so you are gonna get losses as well as winners so doing this one off does not make sense.This is a system so treat it like a system. Not for one offs.
DYOR
remo

Ill try and do this every day if i remember...Hopefully early...This system has been very successful since ive been testing it from last October. Its only had 2 losing month. That is pretty impressive.
The down side to this is....You have to keep doing it.
You can see the test results by looking at all the monthly charts i have been putting up since October. Its fairly simple to tell ...smiley face means win,,,,sad face means loss,,,no emotion means evens..
Its not a get rich quick system but there seems to be more wins than losses and thats what you want in a system.
hears the link to my results
chartsview.co.uk/trading-strategies/235-1-hour-trading-system


I've slightly modified the technique. I look at rounding to the nearest whole number now rather than 2 clear points.ex...6598.39 would be 6599....that's my entry to go long for today.
Also i don't use the first 5 mins data unless theirs a clear tail.

Today's first hour has 15 point range.
The First hour high : 6598.39
The first Hour Low : 6585.14

Long entry is 6599...Tartget 6614
Short Entry is 6585..Target 6570......(This has already been hit)
Stops are 15 points and Targets are 15 points for Today

Hi mark
the low for the first hour today was ..6679.65
the high was ....6696.63



dl.dropboxusercontent.com/u/4899609/1hour2ndaug.png

Hi Remo,

Can I ask what you have as today's first hour low ? I have various charts and all are different ?