Nifty Futures Profit for 22nd July 2010.
Camarilla Trading
H4 5423 Long breakout
H3 5413 GO SHORT
H2 5410
H1 5407
L1 5401
L2 5397
L3 5394 GO LONG
L4 5385 Short breakout
As per the above levels, buy triggered at L3(5394) at 12:10 pm.
Stoploss was L4(5385).
Our Targets are L2, L1, H1, H2,....
All our targets till H3(5413) are achieved.
After this our H4(5423) target is also achieved.
After this, we keep 0.5% target = 5450.115 also got achieved.
So total profit = 5450 - 5394 = 56 points.
Profit of 2500+ with one lot of Nifty.
Sir,
I would like to understand the Practical Trading using Camarilla Pivots.
L3 5394 Buy was Trigerred.
But L2 5397 can not be my Target as there will be Gain of only 3 Points, which I will have to Pay as Brokrage, Taxes etc
L1 5401 also can not be my Target as my gain at this Point will be 7 Points, out of this 3 Points go for the Brokrage, Taxes etc. and I am left with only 4 Points and my Stoploss is of 11 Points, this means my Risk is 3 and Reward is 1, not fair enough to Trade, with Success Ratio of 70%, Person will be a loser.
H1 is 5407 and if H1 is met we get 14 Points, then we will get 11 clear Points after deducting Brokrage,Taxes etc. With due respect to you Sir, if we put Trailing Stoploss, kindly check the Nifty Charts, how many times Trailing Stoploss will be Trigerred, you can find out.
H2 is 5410 and this is the only Point where you will get some Points, your Target is bigger than your Stoploss but Sir what Success Ratio we can expect when we Trade for H2, kindly clarify.
Sir, I am writting this all not to say that you are wrong, all I want to say is that there is a BIG difference between Treoritical Trading & Practical Trading, in Treoritical Trading we just share the levels and nothing is put at Stake where as in Practical Trading your Real Hard Earned Money is put at Stake and at the end of the day you are told by your Broker what exact you got or you lost.
Sir, I am ready to Pay any reasonable amount for a Statergy / Teahnique / Software which can give me Minimum 60% Success Ratio with Risk 1 and Reward 2 Ratio, BUT AMOUNT WILL BE PAID ONLY AFTER GETTING THE RESULTS IN THE PRACTICAL TRADING FOR A REASONABLE TIME, IN CASE THERE HAPPENS TO BE LOSS THEN THE PERSON SELLING THE STATERGY / TECHNIQUE / SOFTWARE WILL HAVE TO PAY ME THAT LOSS BECAUSE HE IS CHARGING ME SO HE SHOULD BE RESPONSIBLE FOR MY LOSS.
If you or any one have anything which I am searching, Kindly inform me.
Regards
Karan