Camarilla Pivots Trading Strategy

evo

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Joined
Apr 2017
Camarilla Pivots Trading Strategy
Use these four scenarios for opening a long or short position, using the Camarilla Pivots trading strategy:
  • Open price is between H3 and L3
    • Long: Wait for the price to go below L3, and when it moves back above L3, open your Buy position. Set your stop-loss below L4.
    • Short: Wait for the price to go above H3, and when it moves back below H3, open your Sell position. Set your stop-loss above H4.
  • Open price is between H3 and H4
    • Long: When price moves above H4, open your Buy position. Set your stop-loss below H3.
    • Short: When price moves below H3, open your Sell position. Set your stop-loss above H4.
  • Open price is between L3 and L4
    • Long: When price moves above L3, open your Buy position. Set your stop-loss below L4.
    • Short: When price moves below L4, open your Sell position. Set your stop-loss above L3.
  • Open price is outside H4 and L4
    • Wait for prices to come into range and trade accordingly.

When using Camarilla Pivots trading scenarios:
  • Use 30m timeframe
  • Wait for the first 3 candles to close, for the day session
 

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