1 hour trading system

Below is the 1 hour day trading wins and losses for the month of dec.
As can be seen this month has been overall down. This is due to the fact that the ftse has been near a major resistance level for most of it. This system is pretty good as long as you adapt it to avoid trading when near major resistance and support levels.
Losing Month
8 Wins
14 Losses
0 Evens

Previous 2 months have been really profitable



This is the 1 hour system with wins and losses from october.
You should be able to tell how well its done. You should be able to see from the chart how this performs when not in a major support and resistance area.

November
wining month
17 Wins
3 Losses
2 Evens



This is a bigger picture. Look how the ftse is struggling to clear the major resistance.
This looks like its gonna start to go down .


DYOR

For anybody doing the 1-hour trading system, here is the 5 minute FTSE chart:

Hi Remo, Definitely sticking to money management rules. Just acknowledging how easy it is for emotions and greed to get hold of a person and eventually lead to their downfall.

It's simple really.
Use the 2% rule.
If your capital is £ 1000 then using 2% means the maximum you should lose is £20
Then you look at how many points are targeted and say it was 20 points then you would
bet £1 a point. If its 40 points then 50p.

This is very important.
Don't lose more than 2% on any given trade. I've showed you these methods so as you can win in the market and not
lose your shirt. Don't get over confident. I've been trading a long time now and have seen many people come and go.
What's worrying is that your considering a short cut.
If you wanted to raise the stakes then make certain you raise your capital to allow the 2% rule.
Do not trade more than 2% of your trading capital at any one time.

Most people that lose in the stock market have done so as they were betting more than 2%.
Take all the rogue traders out there that burst the banks. They were betting ridiculous amounts .
Think about it.

It's that simple.

DYOR

I have been trading only £2-£3 a point dependant on the size of the range.

Amo,

I've been doing it since the 19/11. It has done very well. Are you trading £1 per point?

I alter the amount per point by looking at the hourly chart.

I then go between £2-£5 depending on the short term trend.