Backtesting and trading camarilla pivots

[razx5]

L3 5827 and L45780..it has made low of 5811..v r short below 5780..v r not going long above L3 5827 as it culd b very choppy..

 

[razx5]

L3 5827 and L45780..it has made low of 5811..v r short below 5780..v r not going long above L3 5827 as it culd b very choppy..

v r short below l4 5780..tgt 1 is 5742..initial stop is l3 5827..v ul modify it after 15mins

 

[razx5]

v r short below l4 5780..tgt 1 is 5742..initial stop is l3 5827..v ul modify it after 15mins

modify stoploss to 5796(1.01 p.m bar high) as it si the high after amking low of 5751..

 

[razx5]

v r short below l4 5780..tgt 1 is 5742..initial stop is l3 5827..v ul modify it after 15mins

hold ur nerves..it has made low of 5745 jus 3 points from our tg1..v still sitting n profit..whatever it is v gonna end at day low

 

[vaishraju71]

today shorted at 5810 after break the lvl, thats days low and covered at 5750

 

[razx5]

hold ur nerves..it has made low of 5745 jus 3 points from our tg1..v still sitting n profit..whatever it is v gonna end at day low

tgt 1 achvd..bk full at 5702 or day close

 

[razx5]

today shorted at 5810 after break the lvl, thats days low and covered at 5750

5810?what is that level? as long as it is giving u profits its ok..otherwise thwere is no significance for 5810 level..for shorting it shuld have croosed 5921..day high only is 5868..all the best..please do post here real time..not after aqchieving trgts..

 

[vaishraju71]

its not cam trade, its breakout trdade

 

[razx5]

its not cam trade, its breakout trdade

it works good in trending market..but during rangebound and volatile days market tend to reverse at these day high/low(in todays case 5810)..no ne has got proper xplanation regarding breakouts..i mean to say even the xperts cant predict whether a particular breakout gonna b succsesful or not..leading technical indicators also fail..breakout trades doesnt have much risk reward ratio..i have seen price jus jumping within minutes to day high once it jus croses day low(if ur short thimking its gonna breakdown u wont even have the time to modify orders..)especially days when some news r expected like budget,bank repo rates,reliance results ..so b careful..what u can do best if day high or low is somewhere close to H4/L4 u can initiate trade according to the continuing trend..if beteen H3 and L3..its very risky..

 

[razx5]

todays trading in mininifty L4 is 5681..cmp is 5732..so short only below 5681..if it makes low below 5700 and then jumpsback to l3 5718 v ul go long above it..