It looks this way:
The idea is that you are able to scalp counter trend whenever price hits Level 3. Remember to take small profits. But when price goes through Level 4 you scalp with a trend. Don't be greedy, take small profits there as well.
A bit more detailed explanation here: How to trade with Camarilla pivots.
After adding Camarilla pivots to your charts (mt4 indicator can also be downloaded from the source above), go to either 15 or 5 min or 1 min chart.
You'll notice that Camarilla pivots are not always obeyed by price. Don't worry. The main trick is not to hurry up with the entry, but rather wait for candlesticks to signal a reversal. Study some basic candlestick reversal formations if you need to.
This Candlestick reversal source may help.
Scalping with Camarilla is an option if you are up to trading a new Forex trading stuff.
As always, happy scalping!
6 comments:
Thanks for the info. This is the first time I've heard about camerilla. I'm going to look more deeply into this. Thanks.
Hello,
If you are interested in contributing content on scalping to the DailyFX Forums please contact me at knezzaghy@fxcm.com
How can I contact you directly, via email?
Roberto
Hi Roberto,
you'll find it in my profile.
Of course, what a great site and informative posts, I will add backlink - bookmark this site? Regards, Reader.
Hello, as you can see this is my first post here.
In first steps it's very good if someone supports you, so hope to meet friendly and helpful people here. Let me know if I can help you.
Thanks and good luck everyone! ;)
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