Advanced Camarilla Calculator is one of the most commonly used trading calculators. This calculator can be used to generate levels for intraday, weekly, monthly, yearly time period. The unique about this calculator is that it provides the target levels for breakout short and long calls.
Here is how this calculator should be used.
There are various scenarios that can occur
Scenario 1---------------Open price is between H3 and L3 For Long Wait for the price to go below L3 and then when it moves back above L3, buy. Stoploss will be when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3 For Short Sell Wait for the price to go above H3 and then when the price moves back below H3, sell. Stoploss will be when price moves above H4. Target1 - L1, Target2 - L2, Target3- L3
Scenario 2---------------Open price is between H3 and H4 For Long When price moves above H4, buy. Stoploss when price goes below H3. Target 1 - H5, Target 2 - H6 For Short Sell When the price goes below H3, sell. Stopless when prices moves above H4. Target1 - L1, Target2 - L2, Target3- L3
Scenario 3--------------Open price is between L3 and L4 For Long When price moves above L3, buy. Stoploss when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3 For Short Sell When the price goes below L4, sell. Stoploss when price moves above L3. Target 1 - L5, Target 2 - L6
Scenario 4---------------Open price is outside the H4 and L4 Wait for the prices to come in range and trade accordingly.
VERSION HISTORY
- Version 1.0 posted on 2014-10-15
Program Details
- Category: Business > Accounting & Finance
- Publisher: Pivottrading.Net
- License: Free
- Price: N/A
- Version: 1.0
- Platform: android