Trading Nifty with Camarilla Pivots...!

linkon7

Well-Known Member
Do the backtesting Sumit...

the best way to induce confidence is through testing it and practising it.. Once confident about the outcome, do forward testing in live market with small quantities...

Give some time for the system to prove its worth, I mean atleast 25-30 trades to say a system is successful..
Good approach....
where r u now a days...:confused:

still waiting for the detailed backtest report on db bb method...
 

radha55

Well-Known Member
Nifty Futures Profit for 6th April 2010

***********************

H6 6062.28 Trgt 2
H5 6032.74 Trgt 1
H4 6003.19 Long breakout
H3 5967.90 Go Short
H2 5956.13
H1 5944.37

L1 5920.83
L2 5909.07
L3 5897.30 Go Long
L4 5862.01 Short Breakout
L5 5832.47 Trgt 1
L6 5802.92 Trgt 2

As per the above levels, short triggered at H3(5967) level. High for today is 5971 at around 10 am.
All Targets till L3(5897) were achieved.
Profit = 5967 - 5897 = 70 points.

Now again buy triggered at L3(5897) level at around 11:15 am.
This time Target L2, L1(5920) were achieved.

Profit = 5920 - 5897 = 23 points.

Total Profit = 70+23 = 93 points.

Profit of 4500+ with one lot of Nifty.
 
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Linkon

You mentioned somewhere in this post that one can trade pure cam levels.
Is this understanding correct of trading pure cam levels:

See where NF opens
1. If it opens beyond H4 or L4 wait for it to break H3 or L3. Short the break of H3 and go long on break of L3 with SL at H4 and L4.
2. If it opens between H3 and H4, go long on break of H4 and short the break of H3, again with H3 and H4 as stops respectively.
3. If it opens between L3 and L4, short the break of L4 and go long on break of L3 with L3 and L4 as stops respectively.
4. If it opens between L3 and H3, wait for it to go beyond (at least a candle close?) and then short when the same level break in the reverse direction.

Is this the correct understanding of trading using only Cam levels? Needed the clarification as the back test of 2010 gives results that are not encouraging.
 

linkon7

Well-Known Member
Linkon

You mentioned somewhere in this post that one can trade pure cam levels.
Is this understanding correct of trading pure cam levels:

See where NF opens
1. If it opens beyond H4 or L4 wait for it to break H3 or L3. Short the break of H3 and go long on break of L3 with SL at H4 and L4.
2. If it opens between H3 and H4, go long on break of H4 and short the break of H3, again with H3 and H4 as stops respectively.
3. If it opens between L3 and L4, short the break of L4 and go long on break of L3 with L3 and L4 as stops respectively.
4. If it opens between L3 and H3, wait for it to go beyond (at least a candle close?) and then short when the same level break in the reverse direction.

Is this the correct understanding of trading using only Cam levels? Needed the clarification as the back test of 2010 gives results that are not encouraging.
Opening range has nothing to do with cam levels. Cams are traded as projection of yesterday's range on today's chart. Its predictive in nature and is totally dependent on the range of the previous day.

If we had a narrow range day, then next day cam levels will be condensed. Here we look for break out of the h4 or l4 level for entry.

If we had a really wide range day, then next day we get a wide ranges cam levels. This kind of day, we give importance to s2 and r2 levels. Normally s4 and r4 are rarely touched and we need to adjust our targets accordingly.

Back test of such systems has to be done visually. I did a bar replay on june and july this month and i got 211 and 250.2 points after brokerage. MM rules were simple, exit 50% at 20 point profit...hold the other till eod / sar. 2 sar max limit per day.
 

linkon7

Well-Known Member
Thanks for the response, Linkon. Can you please quantify this? Also, would range mean only H-L, or would you look at ATR?

the high , low and the closing price of yesterday is taken into account while projecting today's range. ATR doesnt come into the picture. if the close of yesterday is near the low of the day, then the projected range shifts south, even if the range is higher than its day before's range. This makes all the difference.

Like today, Low of the first 5 min was above the h4 mark, this low didnt sustain, but fact that first 5 min traded above the h4 mark means, bias remains long, but since low of first 5 min didnt sustain, means we avoid break out trades on the long side. We wait for price to retrace sufficiently before we attempt longs. Shorts is below the h3 level only. As long as h3 is not violated, there is no short.

Translated into PA, it just means that Smart money is looking for retracements to buy and using higher level to book profits. They are not willing to chase price. Bears are defensive as long as h3 level is held.
 
Radha I have a question...how do you initiate the trade when a level is breached? For example for short breakout below L4, do you wait for a complete candle below L4 in 1 min or 5 min charts, or do you trade as soon as the level is touched.
 

linkon7

Well-Known Member
Lincoln are you still trading Camarilla pivots for intraday? Is it profitable based on your experience?
cam lvls still form part of my intraday system...! But mainly as filter...!

if we open above h4, then if the low of first 15 min is not tested, my system avoids all sell calls...!

likewise, if we open below s4 and first 15 in high is not tested, my system ignores all buy calls...!

If we open between, s2 and h2, then OBR trades are ignored....!
 

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