$$$ nifty futures trading with camarilla pivots$$$$$$

#15
nifty future values for trade on 28-2-14



H4 6293 Long breakout
H3 6283 Go Short
H2 6280
H1 6276

L1 6269
L2 6266
L3 6263 Go Long
L4 6252 Short Breakout


bank nifty

H4 10824 Long breakout
H3 10801 Go Short
H2 10794
H1 10786

L1 10771
L2 10763
L3 10755 Go Long
L4 10732 Short Breakout
 
#19
You consider yesterday's high/low/close for calculating pivot levels ?
Look at the opening price for the stock/futures/commodities/currency.
There are various scenarios that can occur

Scenario 1 : Open price is between H3 and L3
For Long
Wait for the price to go below L3 and then when it moves back above L3, buy. Stoploss will be when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3
For Short Sell
Wait for the price to go above H3 and then when the price moves back below H3, sell. Stoploss will be when price moves above H4. Target1 - L1, Target2 - L2, Target3- L3​

Scenario 2 : Open price is between H3 and H4
For Long
When price moves above H4, buy. Stoploss when price goes below H3. Target - 0.5% to 1%​
For Short Sell
When the price goes below H3, sell. Stopless when prices moves above H4. Target1 - L1, Target2 - L2, Target3- L3​

Scenario 3 : Open price is between L3 and L4
For Long
When price moves above L3, buy. Stoploss when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3
For Short Sell
When the price goes below L4, sell. Stoploss when price moves above L3. Target - 0.5% to 1%​

Scenario 4 : Open price is outside the H4 and L4
Wait for the prices to come in range and trade accordingly.
This website gives calculation of camarilla pivots.
http://www.pivottrading.co.in/pages/advancedCamarilla.php
 

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