Trading CAM levels really is simple. You just need to have patience and wait for the signals. The best are the breakout long/short moves - these generally set the trend for the trading session ahead.
If the H3 (Short) level is hit, the idea is that you go SHORT (against the previous trend) in the expectation that the market is about to reverse, with a stoploss point somewhere between the H3 and H4 levels (if it his H4 (Breakout), chances are it's going to breakout upwards, so you want your stop to be before that!).
The opposite is true for L3 (Long). These levels are great and have a history of success as long as you have patience to wait for them... Below are today's ftse and spx levels.
Good luck trading.
SPX 500 - US 500
FTSE - UK 100
If the H3 (Short) level is hit, the idea is that you go SHORT (against the previous trend) in the expectation that the market is about to reverse, with a stoploss point somewhere between the H3 and H4 levels (if it his H4 (Breakout), chances are it's going to breakout upwards, so you want your stop to be before that!).
The opposite is true for L3 (Long). These levels are great and have a history of success as long as you have patience to wait for them... Below are today's ftse and spx levels.
Good luck trading.
SPX 500 - US 500
| ^GSPC 1 Nov 2011 End of Day Data | |||
| Open | High | Low | Close |
| 1,251.00 | 1,251.00 | 1,215.42 | 1,218.28 |
| ^GSPC 1 Nov 2011 Pivot Points, Fib Pivots and Camarilla | |||||
| R3 | 1,276.63 | Fib R3 | 1,263.46 | Brk Out Long | 1,237.85 |
| R2 | 1,263.81 | Fib R2 | 1,250.29 | Short | 1,228.06 |
| R1 | 1,241.05 | Fib R1 | 1,241.75 | HL2 | 1,224.80 |
| Pivot | 1,228.23 | Pivot | 1,228.23 | HL1 | 1,221.54 |
| S1 | 1,205.47 | Fib S1 | 1,214.71 | LL1 | 1,215.02 |
| S2 | 1,192.65 | Fib S2 | 1,206.17 | LL2 | 1,211.76 |
| S3 | 1,169.89 | Fib S3 | 1,193.01 | Long | 1,208.50 |
| Brk Out Short | 1,198.71 | ||||
FTSE - UK 100
| ^FTSE 1 Nov 2011 End of Day Data | |||
| Open | High | Low | Close |
| 5,544.20 | 5,544.20 | 5,338.40 | 5,421.60 |
| ^FTSE 1 Nov 2011 Pivot Points, Fib Pivots and Camarilla | |||||
| R3 | 5,736.87 | Fib R3 | 5,638.48 | Brk Out Long | 5,534.79 |
| R2 | 5,640.53 | Fib R2 | 5,562.33 | Short | 5,478.20 |
| R1 | 5,531.07 | Fib R1 | 5,512.94 | HL2 | 5,459.33 |
| Pivot | 5,434.73 | Pivot | 5,434.73 | HL1 | 5,440.47 |
| S1 | 5,325.27 | Fib S1 | 5,356.53 | LL1 | 5,402.74 |
| S2 | 5,228.93 | Fib S2 | 5,307.14 | LL2 | 5,383.87 |
| S3 | 5,119.47 | Fib S3 | 5,230.99 | Long | 5,365.01 |
| Brk Out Short | 5,308.41 | ||||
