Camarilla Pivot Point Trading Strategy Introduction
Hello friends welcome to perfect stock market analysis.we will discuss about camarilla pivot point trading strategy in tradingview .camarilla Strategy is very popular and much more pro traders are using this camarilla strategy .
Generally in camarilla strategy have pivot support & Resistance points.see in Image Like Resistance (R1,R2,R3,R4) Support (S1,S2,S3,S4) and 1 Pivot Point.
By using Camarilla strategy pivot points we get Support and resistance to trade very well and accurately.
Types of Camrilla Pivot Point Strategies
Camrilla Strategy Have two trading strategy
- Camarilla pivot point Breakout Strategy
- camarilla pivot point support and resistance strategy
How to use Camarilla pivot point Breakout Strategy
So Friends,Before using camarilla pivot point breakout strategy you should know its rules and using criteria.
Camarilla Pivot Point Strategy Rules
Friends See Rules In Image which is very important before take trade
But If Following Condition Happened in chart then Don’t take trade because it it false signal to trade
Camarilla Trading strategy setting in tradingview
Friends now if you have a question in your mind , How make camarilla setting on Trading view chart software.so don’t worry see following Method which shows in image
1.Open trading view.com software
- Open trading view software (tradingview.com)
- Go to indicator and strategies (search there”pivot points standard” and click on these)
- after pivot points standard added then go to its setting
- in setting first select inputs ”Camarilla” then in style select only S3/H3 & S4/H4 only.
- Them chart time frame should select 5 minute.
- and last Press CTRL+S (save )
- See All setting in image so you can understand easilly.
CAMARILLA STRATEGY LIVE EXAMPLE
1.SBI LIFE INSURANCE
TARGET DONE BUY @ 900 SL 894 TARGET 906 TARGET DONE
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BUY @ 477.50 SL 471.50 TARGET Made High 512.95