1 hour day trading technique...18thoct

It has been on fire!

Only day i have lost twice! Wiped out 36 Pointsl!

Thats quite funny though, you put totals up the day it didn't work!! twice

Typical. when i put the levels in it goes wrong...This system has been on fire for the past 2 months now.
Im gonna keep putting in the levels for a while now so please do your own research.
People have asked for this so ill try and do this as much as possible.



DYOR

Amo, had fun today on this!!

short at 5877 this morning around 9.45, stopped out at (12.30), 5896. This then reversed to go long.
long at 5896 (12.30) stopped out at 5877.(15.00)

Talk about turn right at the points!!! (strangely, right at my stops!!

Lost both ways!!

This is where i will adapt the strategy slightly.

Can't post a chart at minute.

But if you join highs,
02/05/11
17/10/12
18.10,12
7,11,12 i get a daily downtrend at 5911.5.

I would therefore place my exit just below this downtrend. Its only a few points difference, but thats how i have been doing it.

Todays range is 18 points if you include the 2 points ether side.So thats 4 points added
long above 5895.5 ...Target 18 points....stop 18 points
short below 5877.5...Target 18 points....stop 18 points.

I use 2 points past the range to filter out some of the bad trades due to the support and resistance factor.

DYOR

Hi CT79
ive also posted on this on the trading strategy this morning relating to this.
Useful to have a look there as well