Backtesting and trading camarilla pivots

[razx5]

Dear SG
yesterday (1st Sep 2010) there was a gap up opening for NIFTY SEP Futures and it stayed that way till 10 am, now even though the open was 5420, which fell between H3 and H4 the camarilla range did not work well in the day (SL hit 2 times after going above H4 -long and after going below L4-short).
1. Should we consider the 1st hour H, L, C to calculate new camarilla levels for the day?
2. If so, the range becomes very tight and chances of more trade, small targets and sl
3. What if prices open gap up, retraces back just below yesterdays high and again moves up well above yesterday high (as happened today). How should we use camarilla or pivots in such cases?
4. what other suitable indicator can we use with camarilla to maximize chances of correct entry and exit
Camarilla for 1st September 2010
H5 5462.01
H4 5435.49
H3 5419.60
H2 5414.30
H1 5409.00
L1 5398.40
L2 5393.10
L3 5387.81
L4 5371.91
L5 5345.39

yu should look for the opening 15 mins high and low and trade accordingly..for eg;if the high was around 5455 levles..go long above 5462(h5) and bk trgts acording to pivots or gann calculator..stoploss is h4..sameway low is 5420 levles go short bleow 5414.30(h2)

 

[letsgrownow]

Wow!!!
looking good for Banknifty also.....

Dear Sir,

Excellent Chart.:thumb: Please let me know which chart or software or tool you are using?

Bhupesh
:clap:

 

[radha55]

Nifty Futures Profit for 16th Dec 2010.

Camarilla Trading

H6 5977.26 Trgt 2
H5 5958.69 Trgt 1
H4 5940 Long breakout
H3 5918 Go Short
H2 5910
H1 5903

L1 5888
L2 5880
L3 5873 Go Long
L4 5850 Short Breakout
L5 5831.51 Trgt 1
L6 5812.94 Trgt 2

As per the above levels,

Buy triggered at L3 (5873) during last 1 hour.

Targets L2, L1, H1, H2.. H3, H4, H5, H6 achieved.

High for Nifty Futures was 5979.

So Bought at L3(5873) and covered at H6(5977)

Total Profit = 5977 - 5873 = 100 points.

Profit of 5000+ with one lot of Nifty.

 

[razx5]

Nifty Futures Profit for 16th Dec 2010.

Camarilla Trading

H6 5977.26 Trgt 2
H5 5958.69 Trgt 1
H4 5940 Long breakout
H3 5918 Go Short
H2 5910
H1 5903

L1 5888
L2 5880
L3 5873 Go Long
L4 5850 Short Breakout
L5 5831.51 Trgt 1
L6 5812.94 Trgt 2

As per the above levels,

Buy triggered at L3 (5873) during last 1 hour.

Targets L2, L1, H1, H2.. H3, H4, H5, H6 achieved.

High for Nifty Futures was 5979.

So Bought at L3(5873) and covered at H6(5977)

Total Profit = 5977 - 5873 = 100 points.

Profit of 5000+ with one lot of Nifty.

hey radha..nice to c u here..i m active n ur thread of gann square..i m following even camrailla levls..which one do u find more effective of these 2?please keep posting ur trading style at the end of day here..by the way u r not supposed to trede between h3 and h4 levles rt?sameway btwn l3 and l4 levels>?

 

[razx5]

levels for nifty today r
H6 6062.95 Trgt 2
H5 6051.30 Trgt 1
H4 6039.65 Long breakout
H3 6025.65 Go Short
H2 6020.95
H1 6016.30

L1 6006.95
L2 6002.25
L3 5997.60 Go Long
L4 5983.55 Short Breakout
L5 5971.90 Trgt 1
L6 5960.25

after waiting for 15 mins of market open v spot H3 AT 6025.65..V SHORT NF below 6025.65..stoploss is day high 6043..trgt is L3 5997.60..market is trading in range of 20 points btwn 6040 and 6025 levels since last 2hrs..lets c

 

[razx5]

Nifty Futures Profit for 16th Dec 2010.

Camarilla Trading

H6 5977.26 Trgt 2
H5 5958.69 Trgt 1
H4 5940 Long breakout
H3 5918 Go Short
H2 5910
H1 5903

L1 5888
L2 5880
L3 5873 Go Long
L4 5850 Short Breakout
L5 5831.51 Trgt 1
L6 5812.94 Trgt 2

As per the above levels,

Buy triggered at L3 (5873) during last 1 hour.

Targets L2, L1, H1, H2.. H3, H4, H5, H6 achieved.

High for Nifty Futures was 5979.

So Bought at L3(5873) and covered at H6(5977)

Total Profit = 5977 - 5873 = 100 points.

Profit of 5000+ with one lot of Nifty.

u aslo must have missed another trade previous to this..that is high of 5920 achieved around 12 p.m..that is H3level..v can short when it fell beloe H2 level of 5910 and squared off and reversed at L3 at 5873 another profit of 37 points

 

[razx5]

levels for nifty today r
H6 6062.95 Trgt 2
H5 6051.30 Trgt 1
H4 6039.65 Long breakout
H3 6025.65 Go Short
H2 6020.95
H1 6016.30

L1 6006.95
L2 6002.25
L3 5997.60 Go Long
L4 5983.55 Short Breakout
L5 5971.90 Trgt 1
L6 5960.25

after waiting for 15 mins of market open v spot H3 AT 6025.65..V SHORT NF below 6025.65..stoploss is day high 6043..trgt is L3 5997.60..market is trading in range of 20 points btwn 6040 and 6025 levels since last 2hrs..lets c

trgt of L3 5997.60 achieved..profit of 28 points..now short below 5983.55..do not trade btwn L3 AND L4..

 

[razx5]

disappoining end to the day as v shorted nf below 5984 L4 LEVELS..it made low of 5976.80 jus 5 points shy from our trgt of L5..then hit stoploss of L3 that is 5998..loss of 14 points..so altogether profit of 14 points excluding brokerage

 

[razx5]

i have the intraday data for past 6days and i backtested trading camarilla pivots and whopping reward of 139 points after deducting 5 points per trade as commission from 14/12/2010 to 22/12/2010/..that 2 v didnt have any trade on 14th..so 5 trading days resulting in 139 points..i ul describe each and every trade here below..i dont trade when its between H3 and L3 levels..i ul not copy and paste all the levels for the day as it ul become 2 lengthy..

14/12
H3-5985 L3-5881..
WHOLE day market traded between these levels neither touching h3 or l3..so no trade

15/12
l3-5943 l4-5926 L5-5911 L6-5896..market opened at 5940 levels..v r short on nf below l4 that is 5926..trgt1 is 5911..achieved..trailing stop to cost..made low of 5906..exit full at cost..so profit of jus 1 point..next long above L3 5943..entered long..main trgt is H3 5979..however small trgts like L2 nad L1 achieved v modify initial stop of L4 to cost..triggered after making high of 5955..so minus 5 points brokerage and taxes..next again short below L4 OF 5926..TRGT l5 and l6 achieved..SO PROFIT OF AVG 18POINTS..altogether profit of (1-5+18)..that is 22 points

16/12
H3-5919..whole day it was trading below this level till 12 p.m suddenly it touching H3..SO V wait for it break above h4 or go below H2..IT WENT BELOW H2 SO V R SHORT AT H2 5911..V COVERED full at 5873(l3)..then again v r long above l3..for entry v wait till it crosses l2 5881..enterd long ..covered full again at h3 5911..again long above h4 5941..trgt 1 is h5 5960 and trgt2 is 5979..bkd full..altogether profit of 32+32+20=84 points

20/12
l3=5935..opened below l4 levels and went on rising and as per our rule v r long above l3..enterd long..main trgt is h3 5999..it went all the way upto 5990..then some freak trade happened in 3mins..market tanked 38 points in 2mins..however v keep trailing stops and h1 is triggered at 5978..then again it gained momentum achieving initial trgt of h3 5999..so again ahort as it touched h3..so 2 enter short v wait till it goes below h2 5988..entered short,main trgt is 5935(l3)..v bk full at close of the day at 5950 levels..profit of 33 points from this trade..so profit of 70 points in total for the day

21/12
h3=5988..it opened at h3 levlels and f0or short entry it has to cross h2(5978) which it did not..next long above h4 6015..triggered by 1 point..whole day market traded btwn these levels..neither hitiing trgt noer stoploss..finally ending at 6010 levels..small loss of 3 points+ brokerage..toal minus 8 points..

22/12
h3=6026
market opened around these levels..for short entry it has to cross h2 level of 6017..entered short..low of 6015.95 was made..trailing stop to h3 instead of h4(as it has croosed h1)..coveed full at 6026.loss of 14 points..next long only above h4 6040..trigerred..for the first time v had a real stoploss getting triggered..stoploss of h3 6026 triggered..loss of 19 points..next short below h3 6026(if day high is itself h3 v wait till it cross h2 for entry)..triggered..hovered whole day btwn h3 and h4 and finally got move around 2 p.m,main trgt l3 5998 achieved..next short bleow l45984..trigggerd..jus 5 points shy from trgt1 of l5..stooploss of l3 triggered..no trades after that as v have very bad 3 stoplosses..so altogether -14-19+23-19..so loss of 29 points today..

 

[razx5]

for todays trading
l3=5982
nifty futures currently trading at 6000 levels..so wait for it touch l3 and go long only if croses l2 5988..

go short only below l4 5963

day high is 6010..it might break this level and go all the way upto 6019 that is h3..u can short again onces it crosses h2

anyways v have not entered into any trade till now