Review 4th Week of October

This week I traded the nasdaq instead of the S&P as there where many good trends (due to earnings news releases), the S&P however still serves as a guideline for other markets as often times when the S&P hits a target trends in other markets stop as well.

Speaking of targets the camarilla R3/4 and S3/4 pivots still are the best price levels to exit trades at the high or low of the day in case of very bullish days however I learned to exit long trades discretionary around 11.00 am or at the 4 pm close

For correction days exiting shorts at the prior day low was a good rule to follow.

Overall I learned that is far better to exit and even enter trades at camarilla levels rather than prior support and resistance levels that have been hand picked, however the closing price of swing highs and lows on the 60 min charts still serve as important levels for my analysis.