1 hour day trading technique...18thoct

diver993
It does work but its basically downloaded to the computer.
remo

Hi Remo,

Quick question about todays opening on the FTSE regarding this 1hr trading.

Would you have the low at the bottom of the 08:00 candle or the 5th candle in?
Is it only when the first hour trades within the range of the 8am candle that you would use an alternative low/high depending......if you see what I mean?

www.screencast.com/t/n4OdVWldbiK

Thanks
CT79

5th candle in

Thanks Remo, much appreciated

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

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