Trading Nifty with Camarilla Pivots...!
- Thread starter linkon7
- Start date
- Tags camarilla pivots cci day trading loser linkon7 nifty
Theory is, price never moves in a straight line. it retraces and the expands the range. We use this afl to find the possible retracement point. Normally, price retracement of 23.6 % (yellow dotted line) is seen as a strong trend. retracement of 38.2% (pink line) is normal and signifies continuation of the trend. retracement of 50% (white) is relatively a trend changer. 61.8% retracement ( light blue) is normally a reversal if price doesnt go back to 38.2%.
We use this to pre-determine levels where we go short / long. Or place SL. Sl at 61.2 % is treated as very safe. Sl at 50% is safe. sl at 38.2% is aggressive and 23.6% is very aggressive.
range expansion of 132.8%, 161.8%, 261% is the possible target.
I use 30 min pivots (R1/S1) and / or fabo 38.2% as my entry point for buying the dips or selling the rally....!
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