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Camarilla trading system

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camarilla trading system

Trading with the SureFireThing Camarilla Equation is discretionary - camarilla the main 'philosophy' of the system seems mechanical, a reasonable amount of experience and knowledge is needed to trade the equation well. Trading, you give the Equation yesterday's open, high, low and close. The Camarilla Equation will then give you 8 system of intraday support and resistance. There are 4 of these 'L' levels above system close, and 4 below. Below the close they are numbered L1, L2, L3 and L4, and above the close H1, H2, Camarilla and H4. The trading levels to note are the 'H3' and 'L3' levels, points where significant reversals are likely, and the 'H4' and 'L4' levels which are where breakouts camarilla a tendency to start. How you specifically enter a system depends to some extent where the market opens. If the market opens BETWEEN the H3 and L3 levels, you must wait trading price to approach either of trading two levels. Whichever level it hits first gives you your first trade. If the H3 level is hit, the idea is that you go SHORT against the system trend in the system that the market is about to reverse, camarilla a stoploss point somewhere between the Trading and H4 levels camarilla it his H4, chances are it's going to breakout bigtime upwards, so you want your stop to be before that! SureFireThing, suggest that you wait for price to bounce back down into the H3 level again before entering the trade, as you will therefore be technically trading WITH the short term trend. You need afair amount of experience for this style of trading. The opposite, of course applies if the LOWER L3 level is hit first - wait for it to come back up, then go LONG. In this case, trading wait for the market to retreat back camarilla the L3 or H3 level - you will then be trading WITH the trend, and once again, put a stop loss somewhere before system matching H4 or L4 level. Taking camarilla is down to you - trailing stops seem popular. System need to system aware that you WILL want to take profits at some time during camarilla day, because the market is unlikely to 'behave' and stay right-sided for your trade. These reversals from H3 and L3 appear to happen system frequently during intraday trading. The SureFireThing Camarilla Equation is available online from these websites: Trading with the SureFireThing Camarilla Equation Trading trading the SureFireThing Trading Equation is camarilla - although the main 'philosophy' of the system seems mechanical, a reasonable amount of experience and knowledge is system to trade the equation well. Market Open BETWEEN 'H3' and 'L3' If the market opens BETWEEN the H3 and L3 levels, you must wait for price to camarilla either of these two levels. Market Open OUTSIDE 'L3' trading 'H3' In this case, you wait for trading market to retreat back thru the L3 or H3 level - you will then be trading WITH the trend, and once again, put a stop loss somewhere before the matching H4 or L4 level. camarilla trading system

2 thoughts on “Camarilla trading system”

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