1 hour trading system

"I am amazed at how many different types of charts you view, gold, gbp/usd, azn, even wheat!!! You must spend hours searching for set-ups."

I love trading and spend most of my time on a computer looking for great set ups.
My wife is cool thou as she understands my passion so that helps.
Also having a pro software helps with finding things. makes life easier

" If I then start earning enough money I will buy Updata or Metastock."

If you make money from IG then theres no need to change your ways. Stick with them.


I like your style
Get paid to work and trade....so cool

longterm_view wrote: Remo,

Many thanks for your quick and detailed reply.

I will stick to the 2-3 pips above to allow for IG. Your right about it reversing, it’s done that countless times in the 3 days I’ve traded it!!

I am only trading this system as I don’t have too much time.

I’m pretty resilient and I will keep trying, it works perfectly with my work and only takes up a few minutes each day.

I don’t really earn enough to Buy Updata and Metastock and I haven’t really got the time or space at home, but I am making changes. I am re-arranging my house shortly to buy a computer and a desk, I have an ipad and I find it impossible to trade off this. I am making changes at work so I do not have to price tenders at home in the evening, which should free up time for trading in the evening and looking for chart set ups. If I then start earning enough money I will buy Updata or Metastock.

I am amazed at how many different types of charts you view, gold, gbp/usd, azn, even wheat!!! You must spend hours searching for set-ups.

Many thanks.

OFF TOPIC SLIGHTLY

Hi LTV,

Having just read your post, alot of what you are saying resonates with myself also, in that I am not in a position to purchase updata etc, but its something I am working on as a projec - turning trading into more of a business rather than a hobby.

Something else struck a chord though in that you said you price tenders - and was wondering if you were in the same line of work as myself - Estimator for a construction company in Scotland?

Even made me wonder if we have crossed paths.

gclark25,

I am an Estimator/Surveyor. I am freelance, but work mainly for 1 construction firm, based in Essex.

Probably haven't crossed paths though, as looking at scotland for a holiday and its a long drive!! A long drive!!

Nice to hear others are in the same position.

Quite a large range from Fridays close to the close of the first hour on the ftse. Could there be an opportunity to go long after 9am? Or would you prefer the short option bearing in mind the 54 point move?



dl.dropbox.com/u/24866576/November%20201...00%20191112%205M.gif


1st hour trading method

Best,
M.

Monkeyz,

Is that how you do it? I've been using 8-9 high,low = range.

I use:

8-9 high 5661.8,
8-9 low 5645.8, = 16 points range.

I've interrupted the system as including the prior days close but could be wrong as it's not a system I've used before!

"If the share gaps down on the following day then i would take the high just before the close as an entry level for the high of the first hour trading if prices carried on going down in the first hour."

Obviously the above would be reversed for today's action on the ftse.

Remo - what are your views on this?