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 andbroken for…