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WyMe

Today I want to show you my final step in my trading strategy.Part 4 of 4

All together now

So you know, what Camarilla means.

You know how to draw trendlines.

And you know how to set the Fibonacci Levels.

 

In this step, we let them work together.As you can see on the pictures above, there are different Camarilla Levels,
Trendlines and Fibonacci Levels drawn. So you have important levels for your
trades. In the 1st picture you can see the Camarilla Levels. So you wait for an
trendline, draw the Fibonacci Levels and Camarilla Levels and take a Trade,
where 2 of these Indicators come together. Sure it’s better to have 3
indicators work together, but if 2 of them say yes, take your trade.

Trades in the 1st Picture (Zoom of Picture 2)

e.g Point 7, you have a Trendline and an Camarilla Level, which are
supporting. You just wait, till the price touches the trendline and make your
trade. Entry @ Trendlinetouch, your SL = L4 Level (a little bit below) and TP =
L1 or Pivot. Depends on your opinion.

At point 8, same again. Trendlinetouchdown = Entry, SL = L4 (a little bit below)
and your TP minimum L1 I’d prefer the Pivot Point

And Point 9 you see the H4 Level, which is reached a…
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Today I want to show you the next step of my trading strategy. The strategy is made in 4 steps. Here you find the 3rd part of it. Part 3 of 4 Fibonacci 1st you should know, how to draw the Fibonacci Levels Drawing the Fibonacci lines is very comfortable in our Trading Plattforms. Fibonacci Levels are calculated automaticly and then you see the % lines in your chart. Only thing you have to know is, how to draw the Fibonacci Levels and where you have to start your survey. In your chart, the price is moving up and down. If the price is moving up, you have to draw from the lower price level to the upper price level. If the price is moving down you draw it vice versa.    As you can see it in the pricture, the price moved up and then fall back. So you were able to draw the Fibonacci line. It is drawn by connecting P1 and P2. So the price is moving from P1 to P2 and moving back to P3 and climbing up again. This means, the Fibonacci levels are a good place to trade. If you are trading only Fibonacci Levels, you take Buy-Orders at those Fibonacci Lines. Strongest Levels are the 50% and 61,8% Levels.   Perhaps you’ve seen that in the Pic…
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My trading strategy

I want to show you one of my trading strategy. The strategy is made in 4
steps. Here you find the second part of it.

Part 2 of 4

How to draw Trendlines

 

1st Question you have to answer:

What are Trendlines and what is the sense on drawing them?

 

Drawing trendlines on an FX Chart is
a little form of art. That means, that everyone of us has an unique way of
drawing them. You just have to follow a few rules, but you should know, that
there is no ideal way to draw them.
Never make the mistake and draw lines
like you wish they should like, that you CAN interpret better results for your
mind.

We draw trendlines, because we want
to see different support and resistance levels. As you can see on the chart
below, the trendlines which you may see, show a „Resistance Level“ (grey and orange)
and an „Support Level“ (green)

 

How to draw trendlines?

The trendline in grey is made by
connecting Point 3 & 5.

The orange trendline is made at step 6
connecting Point 1 & 6.

The green trendline you are able to
draw at point 4, connecting 2 & 4. You connect the upper candle tops (line of
resistance) respectively the lowest point of the candles for supporting trendl…
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My Camarilla Trading Strategy

I want to show you one of my trading strategies. The strategy is divided in
4 parts

Part 1 - The Camarilla Equation

Part 2 - Trendlines

Part 3 - Fibonacci

Part 4 – The strategy where Part 1-3 is combined

Part 1 of 4

CAMARILLA Equation

What is Camarilla Equation

Camarilla is nearly the same like
pivot with support and resistance. You have different levels in a day where you
can place orders. This technique was found in 1989 and was successfully used in
the financial market.

There are different levels of support
and resistance, which are calculated on the high and low of the day before.
This means, that today’s support and resistance levels can be predicted a
little bit.

 

The Camarilla Equation is often used
by bank traders for predicting the direction. The trades are with and against
the trend either way. It is using simple rules based around price activity oft
he L3, L4 level (attention JForex Plattform has different names for that
levels)

In JForex Plattform the levels are
called S3 (Support) and R3 (Resistance) S4 and R4 doesn’t exist, so you have to
calculate it manually or like I do, I’m using a Camarilla Calculator for it.

At my be…
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