Camarilla and other levels..

[tom19]

Hello everyone,
I'm a new to the forex market and I'd like to find suitable for me trading tools. I've found something like this http://www.isc7.com/forex/calcu.php, it is a Camarilla levels, DeMark HiLo and Woodies Pivot calculator. Could you tell me, which ones of this levels are the most important ?


Thank you,
Tom

 

[hagadol]

Interesting site. Suprised the calculator does not include regular Pivots.

I am trading FX off 1, 5 and 30min charts and pay attention to the following in order:

Obvious Sup or Res levels which also show on higher time frames

Obvious Sup and Res levels on 1 min

Daily Pivot (inc the related S1 R1 S2 R2)

(Camilrilla)

I don't currently use the later, though several traders I am in contact with do.

Put enough lines on the chart and there will always be bounces to see, so I like to keep it simple.

I use Meta Trader charts with a plug in for automated pivots, though you can use:

http://www.stelaronline.com/resource/pivot.htm

Hello everyone,
I'm a new to the forex market and I'd like to find suitable for me trading tools. I've found something like this http://www.isc7.com/forex/calcu.php, it is a Camarilla levels, DeMark HiLo and Woodies Pivot calculator. Could you tell me, which ones of this levels are the most important ?


Thank you,
Tom

 

[neil]

The Camarilla scam is discussed over at Elite Trader:

http://www.elitetrader.com/vb/searc...d=794555&sortby=lastpost&sortorder=descending

 

[philhackett]

Never Ever use less than 5 minute candles. You do not want to see the market noise which is what you will see if you use 1 minute candles. Amateurs who do not know better tend to use 1 minute candles and subsequently lose all their money.

On your screen you should have 2 x Exponential Moving Averages set at 8 and 34 respectively. Also you may like to use a Parabolic SAR set at 34 and a CCI set at 8. These are all Fibonacci numbers and work well together.

Simply trade the crossovers.

Regards

Phil

Hello everyone,
I'm a new to the forex market and I'd like to find suitable for me trading tools. I've found something like this http://www.isc7.com/forex/calcu.php, it is a Camarilla levels, DeMark HiLo and Woodies Pivot calculator. Could you tell me, which ones of this levels are the most important ?


Thank you,
Tom

 

[osho67]

Hi philhackett

Would you know how to set the settings for the Parabolic SAR on QuoteTracker?

It has 3 parameters , Increment, Min Gap%, Maximum, how do I set this to 34 ?


Many Thanks

 

[philhackett]

Chage the increment to 34.

Use the Exponetial 8 and 34 X over too. This has produced an easy 100+ pips today from cable.

8 + 34 with CCI @ 8 is a simplem and profitable combination. If you use a Keltner Channel as well you will see when the market drops out of its range and trends.

Macd set at 5 8 13 is interesting too. Do not put too much on the screen. Keepm it simple.

The 8 and 34 X over combination alone, is a very simple and profiatble set up.

Phil

Hi philhackett

Would you know how to set the settings for the Parabolic SAR on QuoteTracker?

It has 3 parameters , Increment, Min Gap%, Maximum, how do I set this to 34 ?


Many Thanks

 

[osho67]

Hi philhackett

Thanks, I've set increment = 34 my default was 0.02.
Looks interesting