Hi friends
Trading pivots
Conventional methods use price cross pivot level-this doesnt work at R3 and S3.(CAMARILLA PIVOT LEVELS)
we see unconventional tactics for R3 and S3.
The unconventional entry of reversal gives early entry and it is far different from text book conventional methods.
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MORAL = ONE SIZE DOESNT FIT ALL.
What fits R4 doesnt fit R3. WHAT FITS S4 doesnt fit S3.
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to start use camarilla pivots.
you have R3 & R4 AND S3 & S4
Here R3 is a reversal level. R4 IS A BREAK OUT LEVEL
S3 is a reversal level S4 is a breakdown level.
how to trade a reversal signal at R3?
2 RULES =1)let price move above R3 and 2)then come below R3
PRICE MOVES UP ABOVE R3 AND THEN MOVES BELOW R3-ONLY THEN SIGNAL TO SELL IS READY
In Short, it is a u turn down at R3
S3 REVERSAL BUY SIGNAL
RULES 1) Price must go below S3 AND 2 price must come above S3
IN SHORT, it is a v turn at s3
once signal complete we can buy.
Moral of the story is
dont simply buy or sell on price cross pivot at r3 and s3.
use a u turn or v turn signal.
==================================
R4 IS A UPWARD BREAKOUT LEVEL
S4 IS A DOWNWARD BREAKOUT LEVEL
==================================
IT IS DIFFERENT AT R4 AND S4
================================
AT R4 OR S4 YOU CAN TRADE IF PRICE CROSS THE PIVOT LEVEL.
charts attached.CHARTS ARE 5 MINUTE CHARTS.
Courtesy
MARK MOSKOWIZ,PIVOT TRADING TRAINER.
Trading pivots
Conventional methods use price cross pivot level-this doesnt work at R3 and S3.(CAMARILLA PIVOT LEVELS)
we see unconventional tactics for R3 and S3.
The unconventional entry of reversal gives early entry and it is far different from text book conventional methods.
==================================
MORAL = ONE SIZE DOESNT FIT ALL.
What fits R4 doesnt fit R3. WHAT FITS S4 doesnt fit S3.
========================================
to start use camarilla pivots.
you have R3 & R4 AND S3 & S4
Here R3 is a reversal level. R4 IS A BREAK OUT LEVEL
S3 is a reversal level S4 is a breakdown level.
how to trade a reversal signal at R3?
2 RULES =1)let price move above R3 and 2)then come below R3
PRICE MOVES UP ABOVE R3 AND THEN MOVES BELOW R3-ONLY THEN SIGNAL TO SELL IS READY
In Short, it is a u turn down at R3
S3 REVERSAL BUY SIGNAL
RULES 1) Price must go below S3 AND 2 price must come above S3
IN SHORT, it is a v turn at s3
once signal complete we can buy.
Moral of the story is
dont simply buy or sell on price cross pivot at r3 and s3.
use a u turn or v turn signal.
==================================
R4 IS A UPWARD BREAKOUT LEVEL
S4 IS A DOWNWARD BREAKOUT LEVEL
==================================
IT IS DIFFERENT AT R4 AND S4
================================
AT R4 OR S4 YOU CAN TRADE IF PRICE CROSS THE PIVOT LEVEL.
charts attached.CHARTS ARE 5 MINUTE CHARTS.
Courtesy
MARK MOSKOWIZ,PIVOT TRADING TRAINER.
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