How Trade Key Trading levels - Camarilla Pivots How Trade Key Trading levels Camarilla Pivots with combination of Previous day high & Low & Close
This video is not real live trade its made on reply trade.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
Intradaytrader
Gap up / gap down intraday strategy with simple entry / exitI get queries from a lot of people who don't want to study technical analysis much.
They're just focused on getting a predefined trading strategy, which they can use effectively in the market without looking much at the charts .
So, in this video, I share a strategy which has been given really good results and it works a lot of times and I believe the probability of this particular strategy is close to around 65 to 70%.
It has simple entry and exit rules, and you can only apply this particular strategy when the market opens gap up or gap down.
See, whenever the market opens gap up or gap down, there is high volatile period of the market during the beginning half an hour or an hour.
And in that period of time,if you place a trade, then you have a good probability if market moves as per expectation.
As you can see these days, nifty and back nifty have been creating gap up and gap down opening almost on a daily basis.
In this case, the first rule is that if the market opens gap up by more than half a percent.
So for example, if bank nifty opens gap up by more then 200 points. , then only you can apply this strategy.
And on the other hand, if nifty opens gap up or gap down by more than 50 or 60 points, then only you should think of applying this particular strategy.
Small gaps do not count in this strategy.
So if bank nifty gaps down or gaps up by only 50- 60 points, then avoid this strategy altogether.
See, whenever the market is opening gap up or gap down, there are two possibilities.
The market might continue the current trend.
For example, if the market opens gap up, the chances are that the market might move higher, or the other possibility is that the market might go sideways the whole day.
So ,in this case, whenever you see the market opening gap up or gap down by more than half a percent, just have to follow this simple procedure.
Just plot the 15 minute chart with a 20 exponential moving average.
Why 20 exponential moving average because the market usually gets good support and resistance around the 20 moving average.
You can expect the market to stall around the moving average for a lot of times if you take a trade.
So ,you just have to plot the 15 minute chart, and if the market gaps up or gaps down, you just have to watch the first 15 minute candle.
So if the market opens gap up and it forms a bullish candle.
Then , what you can do is you can sell puts if price breaks the first 15M candle high. You can sell puts with the stop loss at the low of the candle.
If the market comes below the low of the candlestick the first 15 minute bar, then you exit your position and book the loss.
Why sell puts?
The idea behind selling puts is that during the first 15-30 minutes, the volatility is on a very higher side during that period.
And if at that point of time you start to sell options, then with the passage of time, as the market starts to move sideways, the volatility reduces.
And, what occurs is a concept called IV Crush.
The volatility starts to reduce very quickly and that will give you a benefit if you sell a put, even if the market goes sideways.
So for example, the market formed a very big bullish candle, and the criteria is if it crosses the high of the candle ,sell puts .
So, the whole day, if the market is moving sideways/upwards , the volatility crush will start to happen.
And with the passage of time, you'll start to see the benefit of the IV Crush and the time decay.
So this is a very handy strategy which you can apply.
Always remember, keep the stop loss below of the first 15M candle.
It's a very effective technique, and it's based upon gap openings.
And ,the first 15 minutes usually tell us who is on the stronger side, who's winning , buyers or sellers.
So make sure the gap is big and whatever bar is being formed in the first 15 minutes.
If the bar is bullish, you sell a put If the price crosses the high of that candle stick, and stop plus below the low of that candlestick.
It's an effective rule based strategy and you can back test it on nifty and bank nifty.
And you can also check its reliability, its effectiveness, you can also add this particular strategy in your tool kit.
So I hope this strategy will provide some sort of value to you in your trading.
And if you find the video helpful, don't forget to like this and share it and also comment your thoughts.
Thank you very much and take care.
**NIFTY PREDICTION & ANALYSIS FOR TOMORROW 3 JUNE -EXPIRY DAY **"An investment in knowledge pays the best interest." — Benjamin Franklin.
NSE:NIFTY Nifty for tomorrow might be Flat and Range bound.
Nifty Next Key Levels –
Resistance zones: provided in the video
Support zones: provided in the video
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.