Backtesting and trading camarilla pivots

[Amanc]

Dear Novice Trader,

Technical analysis runs on two pillars science(quantitative approach) and an art(common sense, experience, intution etc.....) , it is all game of buying and selling which is so much complex in the current market scenario as the participants are right from scaplers to institutions......... do u think any farmula or single number can decide what time they should buy or sell.........and remember anything which goes public becomes unreliable be it news farmula etc......... Now back to discussion- instead of taking this so called camarilla pivots any four points two above and two down say 25 pts up and 25pts down , you would notice the same trend being followed.............. SO MY pesonal advice is Never fall in these beautiful traps..............LOL AMAN

 

[watcher]

Thanks for your input. Though my superficial knowledge is of no consequence, i agree with you to a great extent. Could you tell me what typically should be followed?
Thanks and regards

 

[Amanc]

As i have mentioned, its an art- now say since music is an art can u plz tell me which book is to be followed so that i can learn music??? Well the answer is purely no, coz different kind of music has different approach so as technical analysis................. u might hear triangles, head and shoulder, rectangles blah blah etc......... nothing holds in real market with certainity. So every thing has a probablity here... As far as books are concerened go through The intelligent investor By Graham Benjamin Appendix by Warren Buffet. You will get a good idea abt market also go through Bible to technical analysys By Edward and Magee.

I was also a novice trader 2yrs back, but since i had come to know the truth behind the market............. i and my clients have made quite well. So give urslf some time its not a single day job. Aman

 

[Luv_Stocks]

Technical analysis runs on two pillars science(quantitative approach) and an art(common sense, experience, intution etc.....) , it is all game of buying and selling which is so much complex in the current market scenario as the participants are right from scaplers to institutions......... do u think any farmula or single number can decide what time they should buy or sell.........and remember anything which goes public becomes unreliable be it news farmula etc......... Now back to discussion- instead of taking this so called camarilla pivots any four points two above and two down say 25 pts up and 25pts down , you would notice the same trend being followed.............. SO MY pesonal advice is Never fall in these beautiful traps..............LOL AMAN

I think, there are mechanical systems that do give good profit, no matter what the conditions. No art(common sense, intution...) required. I have been trading camarilla pivots blindly without even looking at the charts and so far i am yet to end a week on a negative note. I trade nifty and reliance and both never gave me reasons to complain. my belief was reinforced after the first two weeks and now i dont care what charts are showing. All i know is that end of the week, i'll have something to carry home.

discipline and total belief on the system. thats all i needed.

 

[veekay304]

I think, there are mechanical systems that do give good profit, no matter what the conditions. No art(common sense, intution...) required. I have been trading camarilla pivots blindly without even looking at the charts and so far i am yet to end a week on a negative note. I trade nifty and reliance and both never gave me reasons to complain. my belief was reinforced after the first two weeks and now i dont care what charts are showing. All i know is that end of the week, i'll have something to carry home.

discipline and total belief on the system. thats all i needed.

You said it....:clap::clap:

VK

 

[veekay304]

As i have mentioned, its an art- now say since music is an art can u plz tell me which book is to be followed so that i can learn music??? Well the answer is purely no, coz different kind of music has different approach so as technical analysis................. u might hear triangles, head and shoulder, rectangles blah blah etc......... nothing holds in real market with certainity. So every thing has a probablity here... As far as books are concerened go through The intelligent investor By Graham Benjamin Appendix by Warren Buffet. You will get a good idea abt market also go through Bible to technical analysys By Edward and Magee.

I was also a novice trader 2yrs back, but since i had come to know the truth behind the market............. i and my clients have made quite well. So give urslf some time its not a single day job. Aman

Hello Aman,

Do you mind sharing your 2 yr experience... Any success story will have something for us to learn..

Do you follow any specific trading strategy...

Will be very eager to learn from you..

VK

 

[linkon7]

Hello Aman,

Do you mind sharing your 2 yr experience... Any success story will have something for us to learn..

Do you follow any specific trading strategy...

Will be very eager to learn from you..

VK

experience is normally the period where i kept making the same mistakes and and again without learning from it. lack of discipline adds to the experience. Lack of knowledge, clear direction, ability to book loss, knowing when not to trade...this all prolongs the experience.

You take any system / strategy, and apply bad discipline.... and the only out come will be experience.

 

[linkon7]

I think, there are mechanical systems that do give good profit, no matter what the conditions. No art(common sense, intution...) required. I have been trading camarilla pivots blindly without even looking at the charts and so far i am yet to end a week on a negative note. I trade nifty and reliance and both never gave me reasons to complain. my belief was reinforced after the first two weeks and now i dont care what charts are showing. All i know is that end of the week, i'll have something to carry home.

discipline and total belief on the system. thats all i needed.

Nice to see u active again. Winter is when bears go on hibernation... i was wondering what this bear is doing all alone this winter...:rofl: BTW, we are not going to close below 4800 unless u manage to wake up ur friends.

 

[Amanc]

All the best guys, No one is Right or wrong because the crowd agrees or disagrees with you, you r right because your data and reasoning is right...........
I am not here to stand in a protest against any number system being followed..... this is my opinion and its based on pure data analysis. also technical analysis is not full proof method too but it gives u certain odds where you can increase the chances of trade going in your favour. NOW lets assume there is a certain farmula which holds true in all market conditions no matter what the reason is, Do you know 98% of the total indians never survives more than 5yrs in trading( abt one bull- bear cycle).....source INDIAN COUNCIL FOR RESEARCH ON INTERNATIONAL ECONOMIC RELATIONS. And 95% world wide. Also institution wise no FIIs or mutual fund gives a steady growth. Recently ING Vyasaya has developedBSE-200 quant system portfolio which quantitatevly studies past 1000days data using so many complex mathematical farmulae/models to forecast a next 40th day prediction to a certainity of 81%......... this model is being used by ICICI ,HDFC, Morgan Stanley and all those big name................................

Dear all i would just say one thing.................... Its a old saying on wall street - Money making systems, models farmulae etc dies before sentiments busrts) what holds today never holds tommorow. Rest is up to you traders........................There is no short cuts to success.

Now back to Msgs In reply to MR. Lincoln7
experience is normally the period where i kept making the same mistakes and and again without learning from it. lack of discipline adds to the experience. Lack of knowledge, clear direction, ability to book loss, knowing when not to trade...this all prolongs the experience.

You take any system / strategy, and apply bad discipline.... and the only out come will be experience.
__________________

dear you have wrong preception about the experience definition.................... First of all the experience which does not enhance ur knowledge is not called experince, Experience may be bitter but its learning leads optimism. In our proffession, even after after learning any kind of fullproof system you need time to develop trading psycology...... a novice trader loose on the same technique but an experience one earns from that. Its just like hunting where baby tigers cant even kill the rabbit because it runs short of experince......................Regards AMANC

 

[Amanc]

Hello Aman,

Do you mind sharing your 2 yr experience... Any success story will have something for us to learn..

Do you follow any specific trading strategy...

Will be very eager to learn from you..

VK

Dear Trader,

Succress tales has no end if you walk on the right path with right technique with right attitude:clapping:. I made mistakes but learnt from them:clap: my experience would be of no use for you coz its just like hunting where i missed so many preys coz of my own shortcomings even some day i became prey while hunting coz there was a stronger opponent against me. So if you have any general issue relating the principles you can reach me either through this post. I would be glad to sort out your issues, but you have to horn ur skills by your own and only hard work and smart work is the solution :thumb: AMAN