I was reading the notes from the author of the Camarilla Pivots and was surprised to find he suggests using it differently than how I have been. He suggests selling R3 (instead of R4 or R5) and using R4 as a stop. Then getting out at S3. I don't think we would have gotten the same (good) results as we have been using the extremes to enter a trade, when you enter at R5 there is very little risk of it going even further out away from Pivot... Today we banked upwards of 75 points (I got 60).
Also I may have learned the Pivots from my Mentor/Trading partner Giget, but I spoke to mortdiggidy, who I respect, and he suggested using the Weekly setting, I found on some of my charts it was on Daily, and that was what we used today. When I put it on weekly it expands the rangeand I saw everything move down. Since I think we have rolled over and we have a long way to go down still I have re-entered the short with a target of S3. I add all my knowledge of the markets, candlesticks, elliot waves, my Psychological theories about Paper, as to when to get out.
I don't want to risk the success we have been having, but I think this could work out in this case. I have a few nasdaq NQ longs (actually TQQQ) but I will get out of them tomorrow. I agree with one of the guys in the room who says he never trades against the trend. This is how people get caught in a bad trade. So back to only taking shorts even if I have to wait a day or two.
I want relaxing, stress free trading, with minimal losing trades, so I will use 30" or 1 hour charts for my actual trade.
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.