Backtesting and trading camarilla pivots

[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

v r long on nifty futures at 5988 as it has touched l3 and bounced back to l2 5988..trgt is 6018h3..stoploss is l45966

 

[razx5]

v r long on nifty futures at 5988 as it has touched l3 and bounced back to l2 5988..trgt is 6018h3..stoploss is l45966

h1 6007 achieved..so modify stoploss to l2 that is cost to cost to 5989..

 

[razx5]

h1 6007 achieved..so modify stoploss to l2 that is cost to cost to 5989..

our trailing stop failed to trigger by 1 point..v clsed at the end of day 5995..no profit no loss

 

[razx5]

FOR todays trading l4 5982..it opened around 5975 levels so v r short on nf immediately at 5976..stoploss is l3 5989..v r stopping out at l3 and reversing our trade after that

 

[razx5]

FOR todays trading l4 5982..it opened around 5975 levels so v r short on nf immediately at 5976..stoploss is l3 5989..v r stopping out at l3 and reversing our trade after that

stoploss l3 triggered at 5989..v r long on nf at 5989..trgt is 6005..stoploss is l4 5982 very hard to trade when market is in such tight range..stoploss get triggered very fast..jus 11points range from 9.50 a.m to 11.43

 

[razx5]

stoploss l3 triggered at 5989..v r long on nf at 5989..trgt is 6005..stoploss is l4 5982 very hard to trade when market is in such tight range..stoploss get triggered very fast..jus 11points range from 9.50 a.m to 11.43

raise stoploss to 5994 L1 as v have achieved H26003..booking full at 6006H3

 

[razx5]

raise stoploss to 5994 L1 as v have achieved H26003..booking full at 6006H3

booked full at 6006..then v went long above 6014 H4..H5 is 6021.10..this is the time v have to use trailing stops smartly..if v book at h5 hardly v gain..commission ul eat up all profits..so v bk half at h6 6028..trailing stop to cost at 6014..it threatened to get triggered around 2.34 p.m..made low of 6015..then it went up n up and ended at day high of 6040 where v bkd full..so end of day v had 3 trades..likwe this

short at 5976..cover at 5989=loss of 17 points including commission
long at 5988..booked full at 6006=profit of 14 points
long at 6014..bokd hlf at 6028+hlf at 6040=avg 6034=profit of 15 points avg

-17+14+15=+12 points

 

[razx5]

yesterday our first which resulted in loss of 15 points was a wrong entry..bcoz opening low for nifty futures was already 5966 which is L5 level..so it was on a uptrend and what v saw at 9.16-9.30 levels was 5977 which was on the rise..v didnt c the low of the day at that time..then it touched h35982 and then h25989 where v bkd loss..instead v should have waited for sometime to touch one of these levels..anyways evrday is a learning day and henceforth v wont make any silly mistake like this..i jus got xcited when i saw that 5976 levels which was way below L4 levels thinking market ul breakdown and v get chance for entry..thats y i shorted it early..one more important thing once if the market has crossed h4/l4 levels v wont wait for the previous/next(H3/L3 levels) for stoploss..as its a breakout level it has to move fast and should not look abck..so v exit few points below or above the third level..

 

[razx5]

for todays trading on mininifty h3 6058..markeet opened below this level..so v wait for it to cross this level..it made high of 6062..now its bleow this level..once it crosses h2 level of 6051 downward trend is confirmed.. v rshort on itat 6050..long only above h46078

 

[razx5]

for todays trading on mininifty h3 6058..markeet opened below this level..so v wait for it to cross this level..it made high of 6062..now its bleow this level..once it crosses h2 level of 6051 downward trend is confirmed.. v rshort on itat 6050..long only above h46078

v r short on mininifty futures at 6051..trgt is l3 6018..stoploss is h4 6078