1 hour day trading technique...18thoct

2 trendlines, one at 5914 and next at 5934 as for today

Remo,

What figure do you have for the major resistance?

Thanks

CT79

please bear in mind that the entry levels are near major resistance levels.
DYOR.

First hour high 5912
first hour low 5889.5

Add 2 points ether side for entry(do your own)
first hour Long entry level 5914 ,Target 26.5 points so 5940.5

first hour short entry level 5887.5, Target 26.5 points so 5861



DYOR

FTSE 5 Minute Chart for 05 Dec:

I thought the target was set exactly by the first hour range and then you adapted this by entering the trade +/- 2 points so not to catch false breakouts, but the target always remained the same?

As you say though, it's about adapting it to see what suits most.

Thanks

CT79