RULE NO 1:
Use S&R Levels As Well As The SUPPLY & DEMAND ZONES.
RULE NO 2:
Look For BULLISH ENGULFINGS In The UP TREND TREND
2: PIN BAR CANDLE
3: BULLISH HAMMER
AND
Look For BEARISH ENGULFING In The DOWN TREND
2: SHOOTING STAR
3: BEARISH PIN BAR
NOTE: Use These Patterns on S&R , Supply And Demand Zones Break Of Structure Etc.
3RD RULE USE 4H TIMEFRAME IF...
#1 Add CCI Indicator with default 20 setting.
#2 Add a CCI 0 level line.
How to Filter Bad Trades.
A - Bad: when price action makes CCI take a long time to go from -100 to + 100.
B - Good: when price action makes CCImake a quick straight move from - 100 to + 100.
#3 Buy when CCL breaks above +100 level.
#4 SL below CCI +100 breakout candle.
#5 Exit trade when CCI...
Day Trading Camarilla Pivot Trading Strategy
Mean reversion day trading inherently has lower profit margins with Camarilla pivots. The reason behind this is very simple due to the proximity of the Camarilla points with the price action you’re left with lower profit margins.
So, from the start, you have a handicap that as a trade you need to overcome.
Trading is...
TRADING PULLBACK RULES
1 - Find Daily uptrend with HH's & HL's.
2 - Switch to the 30m Time Frame
and Wait for a Pullback
against the Uptrend.
3 - Place Fib between last swing
high and low levels,
prior to the pullback.
4 - Buy Anywhere Between 50% and 61.8% Fib.
5 - Place Stop Loss below Swing Low.
6- Take Profit at break above the
previous Swing High.
