Backtesting and trading camarilla pivots

[kdhrubo]

i think this is a good method for scalping 10-15 points easily and several times, in both directions. but keep strict SL

Looks like. Yes moving SL up down is very very key here as with any scalping or jobbing

 

[cnbondre]

Yes I am trading with real money but just buying selling 1 lot. Defensively.
Kindly let me know the details you are looking for. Is that for S/W?

Hi,

kdhrubo,

The software updating the pivot data on rental etc. you have mentioned above.



cnb

 

[kdhrubo]

The software is currently under test and beta release is due in 2 weeks.
Till then I will take care of publishing data
I will let share a copy of that with you and tell you the download location on Yahoo!

 

[kdhrubo]

CAMARILLA LEVELS - 28 Aug 2009

Please find the CAMARILLA levels for important futures for today

 

[kdhrubo]

CAMARILLA LEVELS

MININIFTY SEP FUT
1> LONG above 4726, Target 4736,4741 SL 4711
2> LONG above 4680, Target 4690,4700, 4710, SL 4667

3> SHORT below 4712 Target 4702, 4695,4680 SL 4727
4> SHORT below 4667 Target 4657,4640 SL 4682


NIFTY SEP FUT
1> LONG above 4728 Target 4738, 4744, SL 4712
2> LONG above 4683 Target 4693, 4700, 4710 SL 4668

3> SHORT below 4713 Target 4703, 4693, 4685 SL 4728
4> SHORT below 4668 Target 4658, 4650, 4640 SL 4683

 

[kdhrubo]

RESULTS
MININIFTY SEP FUT
3> SHORT below 4712 Target 4702, 4695,4680 SL 4727
SOLD 4712 KEPT MOVING SL UNTIL TRIGGERED at 4670
GAIN = 42 pts


NIFTY SEP FUT
3> SHORT below 4713 Target 4703, 4693, 4685 SL 4728
SOLD 4713 KEPT MOVING SL UNTIL TRIGGERED at 4670
GAIN = 43 pts

 

[kdhrubo]

Missed two LONG opportunities as NIFTY ZOOMED in No time and my terminal betrayed today.
Dont really know where the market is headed who is playing it. Are we really out of the woods.
Whatever reasons analysts give I like CAMARILLA
And also I must say fundamentals say NIFTY at 3500 not more than that

 

[lazytrader]

i think this is a good method for scalping 10-15 points easily and several times, in both directions. but keep strict SL

Camarilla is not really a scalping method. You get four levels that you can trade anyway you wish but the original method to trade, if I am not wrong is, short below L4 and H3 and long above L3 and H4. If the scrip takes a turn after touching L3 or H3 then you can trade again. How do you make multiple trades?

 

[bandlab2]

Camarilla is not really a scalping method. You get four levels that you can trade anyway you wish but the original method to trade, if I am not wrong is, short below L4 and H3 and long above L3 and H4. If the scrip takes a turn after touching L3 or H3 then you can trade again. How do you make multiple trades?

LT,

In the absense of clear exit rules, we can use this to get 10-15 points multiple times with RRR as 1:1

Also how will you handle the whips?

Can you tell us the original method along with a clear trading plan?

 

[radha55]

Nifty Futures profit for 28th August 2009.

Nifty Futures opened at 4705.00.

This is between H2 and H3.

We wait for the price to come in range.

Soon price come in range and we short at H3.(4713).

Our targets are H2, H1, L1,.....

Our targets till L1(4693) were achieved. but still it further went till 4684. and reversed.

During reverse our trailing stoploss at L1(4693) gets hit.

So profit = 4713 - 4693 = 20 points.

Now price came in range H3 - H4

We short again at 4713.

This time all targets till L4(4668) were achieved).

Infact price went below till 4643.

After L4 we keep 0.5% Target.

So our 0.5% target = 4644.66 (achieved).

and price reversed from 4643.

So we covered at 4645.

So profit = 4713 - 4645 = 68 points.

Now we have buy placed at L3(4683).

So we buy at L3(4683).

Our targets till H4 gets achieved).

So we sell at H4(4728).

So profit = 4728 - 4683 = 45 points.

Total Profit = 20 + 68 + 45 = 133 points.

Profit of 6000+ with one lot of Nifty.