Backtesting and trading camarilla pivots

Few more trades today

MINI NIFTY AUG- SHORT 4688 BUY 4676
GAIN 12 points

NIFTY AUG - SHORT 4688 BUY 4676
GAIN 12 points

I covered because of volatility.

Total points gained NIFTY = 12 + 24 = 36
Total points gained MININIFTY = 12 + 28 = 30

Moneywise NIFTY = 36*50 = 1800
MININIFTY = 30 * 20 = 600

Total moneywise = 2400 - x
Good enough for the day!

4 days of success so far.
86 more days to watch

Going by the trend, if the stock closes around L2/L1, then it is not wise to buy around L3, as the interpretation says. Short breakout below L4 is valid, but high risk.

Similarly , when the stock closes around H1/H2, go short around H3 is incorrect. Buy breakout above H4 is valid, but high risk.

Hope i am clear.

I presume any trade comes with risk
Then no risk no gain....!

Risk is always there. Buying above H4 is " high risk". When we are interpreting some system, we have to buy/sell with minimum risk.

I have a simple strategy for this now. Later may have to look to punch in some FIBONACCI type of thing.
What I do is playing defensive just 10-12 points when it trades over H4, Just keep raising the SL. I admit its high risk zone of turnaround because H4 sometimes may mean NIFTY at 100+
Same for L4

today i have shorted at 4689 with risk/reward 20/20 and i closed at 4669.

this method is good fo entry. but dont know the exit strategy. what should be the sl, target, trailing sl etc. i think someone who has metastock can do a back test and publish results

I agree we need to devise exit strategy, I also play 15:20 risk reward with this. I will try to include Fibo with this and test

Nifty Futures profit for 26th August 2009. (september futures)

Nifty Futures opened at 4682.

This is between H2 and H3.

We wait for price to come in range.

Soon price came in range at 11:02 am

We then wait for breakout or breakdown.

Soon price went below H3(4696).

We sell at 4696.

Our targets are H2, H1, L1, LL2......

All our targets till H1 are achieved.

we then keep target of L1 and trailing stoploss of H1.

market reversed from 4665. So our L1 is not hit and during reverse trailing stoploss gets hit.

so our profit = 4696 - 4678 = 18 points.

Profit of 750+ with one lot of Nifty

Camarilla Levels for 3 FUTs on 27 - Aug - 2009


This is in the attached image.

I will trade Sept FUT today.

My Nifty and MiniNifty trading Levels today


NIFTY AUG FUT
1 > BUY ABOVE 4708 T1 4723, T2 4728 SL 4690
2 > BUY ABOVE 4667 T1 4673, T2 4684, T3 4691 SL 4652

3> SELL BELOW 4653 T1 4638 T2 4630 SL 4668
4> SELL BELOW 4695 T1 4680 T2 4673 SL 4710


NIFTY SEP FUT
1> BUY ABOVE 4715 T1 4728, T2 4735 SL 4698
2> BUY ABOVE 4677 T1 4690 T2 4702 SL 4662

3> SELL BELOW 4702 T1 4687 SL 4715
4> SELL BELOW 4664 T1 4644 SL 4680


MINI NIFTY AUG
1> BUY ABOVE 4707 T1 4717 T2 4722 SL 4693
2> BUY ABOVE 4667 T1 4677 T2 4683 SL 4652

3> SELL BELOW 4694 T1 4684 T2 4677 SL 4710
4> SELL BELOW 4653 T1 4643 T2 4638 SL 4668

MINI NIFTY SEPT
1> BUY ABOVE 4714 T1 4724, T2 4729 SL 4700
2> BUY ABOVE 4677 T1 4687 T2 4693 SL

3> SELL BELOW 4701 T1 4690 T2 4680 SL 4715
4> SELL BELOW 4664 T1 4650 T2 4642 SL 4681