Source: tradingeconomics.com
Consistent Winning Trades
What is Camarilla ? How it came into existence ?
Who first thought of trading with this method ?
Camarilla is a method used for doing intraday trading in various markets like Forex, Equities, Futures, Commodities.. and the list goes on.
The Camarilla method of trading was discovered while day trading in 1989 by Nick Stott. Nick Stott is a successful bond trader in the financial markets. Nick Stott invented this method from his interest in Fibonacci levels and a branch of technical analysis called 'Market Profiling'. He was working as a bond trader back in the 80's, and started to notice that there were regular patterns emerging every day, differing only in scale. After some data analysis he developed the equation for Camarilla.
What are Advanced Camarilla Levels ?
Advanced Camarilla Equation produces 12 levels from yesterday's high, low and close. These levels are split into two groups, numbered 1 to 6. The pattern formed by the 12 levels is broadly symmetrical, and the most important levels are the 'L3' - 'L6' and 'H3' - 'H6' levels. While day trading, traders look for the market to reverse if it hits an 'L3' or 'H3' level. They would then open a position AGAINST the trend, using a stop loss somewhere before the associated 'L4' or 'H4' level.
The another way to day trade with the Camarilla Equation is to regard the 'H4' and 'L4' levels as 'breakout' levels - in other words to go WITH the trend if prices push through either the H4 or L4 level. This essentially covers all the bases - Day Trading within the H3 and L3 levels enables you to capture all the wrinkles that intraday market movement throws up, and the H4 - L4 breakout plays allow the less experienced trader to capitalize on relatively low risk sharp powerful movements.
I have tried to explain few scenarios mentioned here …
Do some paper trading with this strategy and if this method suits you, you can start real money trading with this strategy. In future may or may not be continue our chat room …
EarnProfit members should earn at least minimum 1 k per day.
Stand alone don’t depend others.
My small contribution …
What is Camarilla ? How it came into existence ?
Who first thought of trading with this method ?
Camarilla is a method used for doing intraday trading in various markets like Forex, Equities, Futures, Commodities.. and the list goes on.
The Camarilla method of trading was discovered while day trading in 1989 by Nick Stott. Nick Stott is a successful bond trader in the financial markets. Nick Stott invented this method from his interest in Fibonacci levels and a branch of technical analysis called 'Market Profiling'. He was working as a bond trader back in the 80's, and started to notice that there were regular patterns emerging every day, differing only in scale. After some data analysis he developed the equation for Camarilla.
What are Advanced Camarilla Levels ?
Advanced Camarilla Equation produces 12 levels from yesterday's high, low and close. These levels are split into two groups, numbered 1 to 6. The pattern formed by the 12 levels is broadly symmetrical, and the most important levels are the 'L3' - 'L6' and 'H3' - 'H6' levels. While day trading, traders look for the market to reverse if it hits an 'L3' or 'H3' level. They would then open a position AGAINST the trend, using a stop loss somewhere before the associated 'L4' or 'H4' level.
The another way to day trade with the Camarilla Equation is to regard the 'H4' and 'L4' levels as 'breakout' levels - in other words to go WITH the trend if prices push through either the H4 or L4 level. This essentially covers all the bases - Day Trading within the H3 and L3 levels enables you to capture all the wrinkles that intraday market movement throws up, and the H4 - L4 breakout plays allow the less experienced trader to capitalize on relatively low risk sharp powerful movements.
I have tried to explain few scenarios mentioned here …
Do some paper trading with this strategy and if this method suits you, you can start real money trading with this strategy. In future may or may not be continue our chat room …
EarnProfit members should earn at least minimum 1 k per day.
Stand alone don’t depend others.
My small contribution …
