Backtesting and trading camarilla pivots

[jrjulius]

I am using it successfully :thumb:

 

[veeemkay]

I am using it successfully :thumb:

Thanks. Do you just use them on its own or use it with some other indicator?

VK

 

[jrjulius]

No other indicators.

When Golong - Confirm Higher Low
When Goshort - Confirm Lower High

Also We can use CAM for Monthly Levels with the data of previous month high, previous month low, previous month close.

Especially for NIFTY.

 

[balmal2511]

No other indicators.

When Golong - Confirm Higher Low
When Goshort - Confirm Lower High

Also We can use CAM for Monthly Levels with the data of previous month high, previous month low, previous month close.

Especially for NIFTY.

Hi,

What does it mean:
When Golong - Confirm Higher Low
When Goshort - Confirm Lower High

Please explain with an example.

Thanks in Advance,
Regards,
BALMAL

 

[kaly422000]

today i start testing the camarilla equation on sesagoa and tisco(20/4/2010).in a site(camarilla.ws),the calculater gives 10 levels like r5 to s5 and i noticed inthe first hour these two scrips reacted on the short side around r5,which is 468 for sesa and 483 for tatasteel.
i noticed for camarilla experts says r3 and s3 is main level to react.
now pls coment

 

[Karanm]

I had put the High/Low/Close of today's Nifty Futures - 20/4/2010 and got the following Values to Trade for tommorrow.
We may be going Long or Short our first Target gives us Profit of 4 Points and the Second Target gives Us 9 Points where as Stoploss in both the conditions will be 13 Points.
From members of this forum I have learnt that any System or Statergy which gives 70% Success Ratio is Excellent, so if we get 70% Success Ratio, our position after 10 Trades will be Max.7 Successful Trades X 9 = 63 Points - 20 Points for Brokrage, STT, Service Tax etc. = Net gain of Maximum 43 Points and on the other hand 3 Failure Trades X 13 = 39 Points + 8 Points for Brokrage, STT, Service Tax etc. = 47 Points. I am unable to understand why any one will follow this Sysytem. I would be Obliged in case you explain how to Earn from this System.
Regards
Karanm

 

[linkon7]

I had put the High/Low/Close of today's Nifty Futures - 20/4/2010 and got the following Values to Trade for tommorrow.
We may be going Long or Short our first Target gives us Profit of 4 Points and the Second Target gives Us 9 Points where as Stoploss in both the conditions will be 13 Points.
From members of this forum I have learnt that any System or Statergy which gives 70% Success Ratio is Excellent, so if we get 70% Success Ratio, our position after 10 Trades will be Max.7 Successful Trades X 9 = 63 Points - 20 Points for Brokrage, STT, Service Tax etc. = Net gain of Maximum 43 Points and on the other hand 3 Failure Trades X 13 = 39 Points + 8 Points for Brokrage, STT, Service Tax etc. = 47 Points. I am unable to understand why any one will follow this Sysytem. I would be Obliged in case you explain how to Earn from this System.
Regards
Karanm

The levels for today are :
H4 : 5,256.53 which is the break out level
H3 : 5,243.74 where the balance is more favourable for the bears, so we short
L3 : 5,218.16 where the balance is more favourable for the bulls, so we short
L4 : 5,205.38 which is the break down level...


We had a range of 46 points yesterday. Its giving targets based on yesterday's range.
So trades here are to short at 5205 with stoploss of 5218 or go long at 5256 with sl at 5243.
If nf is range bound, u can long at L3 or short at H3 for 25 points, sl 13 points. Thats a risk reward ratio of 2. Its really good...

My advice, note down the cam levels for the past 3 months. Place it on your chart and see what the success rate is. Dont trust anyone else other than what you see... If your self analysis of the past 3 months is good...go for it....!

refer to post #. 7 to find out why it works...

http://www.traderji.com/day-trading/37079-linkons-db-bb-system.html#post400885

 

[kdhrubo]

Friends if you see my posts earlier it does work exceptionally well. Its a mechanical system and do not find logic in it except it is buy on days possible lowest support and sell at days highest resistence. other levels being break out and break down. I have used it to trade NIFTY, BANK NIFTY, Futures and Cash very successfully. You cannot mix it with other indicators. For example check with Axis Bank Cash on 20.4.2010. Camarilla entry is at 1149 and exit at 1180 perfect 30+ points gain. But other methods if you mix RSI Slow Stoch entry is at 1159 and exit 1182. So a late signal because the later is more backed by science of TA. OK but my biggest conclusion which I posted before is Camarilla does not work well in narrow range. Read the posts here to see my observations.

I must admit i traded with lot of guts and courage solely on Camarilla 2 months trading Cash, Nifty Bank Nifty and Derivatives and here are my results
Month Profit before brokerage etc Nifty Points
Oct 09 6,48,924 1172
Nov 09 5,21,707 462
(11 sessions)

 

[kaly422000]

camarilla has naturally 8 levels in common but one website(camarilla.ws) give 10 levels from L5 to H5. now here most scrips reacted on the short side in the first hour from h4 to R1.so any one can use camarilla as levels, ok lot of observation needed. one should also taken intu account pivot point.
actually there is no alternative to realtime charts, it says everything.

 

[linkon7]

camarilla has naturally 8 levels in common but one website(camarilla.ws) give 10 levels from L5 to H5. now here most scrips reacted on the short side in the first hour from h4 to R1.so any one can use camarilla as levels, ok lot of observation needed. one should also taken intu account pivot point.
actually there is no alternative to realtime charts, it says everything.

Trading cams is a mechanical setup... one doesnt even need charts to trade this...

the L5 and H5 levels are just projections as to expected profit line. The main zone remains as H3 & H4 and L3 & L4. The others are there merely as profit booking levels and not to initiate trades.

Back test the system and find out if you can trade it... Those who trade this setup have all backtested it themselves and find it relatively stress free....