1 hour day trading technique...18thoct

Sorry guys just checked this and it was around 12:45 I set the trades based on the first hour. Boy it's been a long day. I'm not fan of London and missing home already

first hour high 5876
first hour low 5853

add 2 points ether side
long above 5878 with target of 27 points
short below 5851 with target of 27 points



dyor

Hi Remo,

I assume you mean 23 point target as that's the difference within first hour?

Or is your target always with the 2 points added on either side?

Thanks

CT79,

This is just my method, other people are doing it differently.


I add 2 points either side to factor in any false break-outs.

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

FTSE 5 Minute Chart for 05 Dec: