GIVEAWAY ALERT
1 LUCID FLEX 50K Account
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Tasks to do :
1) Like and retweet this post
2) Follow me @stocksgeeks
3) Tag 3 fellow Traders.
Two winners will be randomly selected on Tuesday at 11:00 AM NY.
#Trading#CamarillaPivots The original Camarilla equation that was developed by Nick Scott (bond trader) which is licensed to a firm name SFT (Surefirething) is actually a complex calculation involving Fibonacci and Market Profiling. The one the rest of the world is using is only an approximation.
You can visit their website surefirething dot com where they provide daily trades using Camarilla and also few strategies.
#Trading#Strategy
A simple trading strategy using CPR for index. 15 min time frame.
Long when entire candle goes above daily developing CPR and also above static CPR with the condition that developing CPR should be bullish, ie, developing TC higher than developing BC.
Exit long with entire candle goes below daily developing CPR.
Similar logic on the opposite side for shorts and its cover.
For intraday can close by 15.00 to 15.15; for swing trading can remain open till exit conditions are met.
Backtest done since 2009 till date with Rs 50 per trade commissions and compounding assumptions. Profit factor reasonably good at 1.5. For midcap index it is at 2.5.
#Trading
CPR - Central Pivot Range is a powerful trading tool if you understand the complete features of this. Unfortunately many use this mechanically as a pivot region.
CPR is a static line that indicates average of previous period's (day/week/month/year) HLC. There is a static TC (top central) line above this and static BC (bottom central) line below this.
Developing CPR (DCPR) is a dynamic line that indicates average of current periods (day/week/month/year) HLC. There is a developing TC and a developing BC.
The feature that many are not aware is that during bullish phase, developing TC is above developing BC; and in bearish phase, developing TC is below developing BC.
A simple trading strategy is to keep the direction long when dev TC is above dev BC and enter the trade only inside the developing CPR based on price action. Opposite is for short.
If using daily or 75 min chart, use monthly developing CPR ;
If using weekly chart, use yearly developing CPR;
If using 15 min chart, use daily developing CPR.
A good LONG trading setup would be
a) developing CPR is bullish (developing TC > BC) (blue band in the picture)
b) developing CPR upward sloping
c) price inside developing CPR with a bullish price action.
Opposite is for SHORT setup.
The tool is available in trading view IPB_JPMUPS_2022.
It contains all pivots you need. You need to uncheck irrelevant ones based on time frame using.
This is not for those who are not tuned for complex setups.
Hey @grok, pick a winner out of every 10,000th comment, they get the Nothing product they mention. Must be following @nothing. Ends in 48 hours. Let’s go.
Too many DMs asking for free phones. Let’s settle this. Follow us and reply with the Nothing phone you want. @grok pick one reply after 48 hours.
Happy weekend! 🧞
This guy made over $400K in just 90 days…
How?
Using a 90% win rate strategy.
His strategy is so good that 25+ prop firms have banned him…
Here it is & how to use it:
$XRP - Beautiful setup before #FOMC
Series of ascending weekly cpr confirming the trends upward.
If now the price comes to yesterday’s virgin cpr it’s a good long opportunity as per my knowledge.
The green zone is the vcpr or the long area.
@trader1sz@Trader_XO#XRP#FOMC
$XRP - Beautiful setup before #FOMC
Series of ascending weekly cpr confirming the trends upward.
If now the price comes to yesterday’s virgin cpr it’s a good long opportunity as per my knowledge.
The green zone is the vcpr or the long area.
@trader1sz@Trader_XO#XRP#FOMC