Oops - this was not meant to go against Harry. Sorry to anybody in general and Harry in special if this appeared to be. It was just a quote that i find funny and that came to my mind when reading the word "guru". Again, sorry for any misunderstandings. Speaking of me, I appreciate Harry's widespread posts and his open mind and curiousity. Often wonder how he comes up with all this. I would miss him as well, so no interest here to see him leave. agrau
I feel embarrassed asking this question, but I would really like to know what part (perhaps more) of this framework means - specifically the '*' in the formula. For the sake of simplicity, if you could please briefly walk me through this example (once I have this, I should be able to figure out the rest): I have a closing value of 75, and a high=100 while the low=50, and I want to find out what H4 and L4 are for instance. For example, I think L4 would be (so far) the close (75) minus the difference between the high and low (100 minus 50=50) which would be 25 (the L4= close-(high-low) part). Hopefully that part is right, and I just need clarification on the remaining portion (the '*1.5' part). If not please let me know. If you could elaborate (or anyone) on this example, it would be greatly appreciated. I'll try and reply with the L & H levels to confirm my understanding. There's probably a much easier way to have this explained, or even asked for that matter. My apologies to the board for what may seem to be a silly question. Thanks in advance.
you mentioned there are other better pivot points than camarilla eqn. kindly let me know some good ones please jamesbond7
Today's Camarilla levels for the ES based on yesterday's RTH values for the ES. Let's see if they work. <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=731978>
I'd like to say that "it's a free country - do what you want" - but I don't know what country you're in so I'll say - it's a free forum - say what you want. If you rise to the bait then you're the sucker not the person that baited you.
Hi there. This is my first post so first, thank you all for some very entertaining and in some cases informative reading (across all threads I mean). I like to share some important information with you re. Camarilla which none of you seem to have stumbled upron yet. I did some research into this 2 years ago when I first began to study trading. I unfortunately forget the details but the following should be noted: I found 2 sites marketing this equation, one of which claimed to be founded by the originator. I found 2 names on these sites (Stott and Kurzencwyg I think, I certainly remember the latter). I did a search on the S.E.C. site and the site of another regulatory site, although I forget which one. One of the individuals, and from memory I believe it was Kurzencwyg, has a list of federal convictions as long as your left arm, all the details of which I read through. Most of them seemed to be for the same M.O; setting up trading advisory businesses and disappearing with clients'money. This guy is a major criminal and anything to do with Camarilla has a serious malodor. IMO this equation has absolutely no merit whatever, which may explain why some of you have had difficulty validating it. Pivots however, as found on Delta1.com, do have merit. Pivots are tools that pit traders relied on in the pre-computer age. They are still relevant but are not wholly reliable. I have observed that they are pretty reliable in the first half hour of RTH, a period when all known news has been priced in by 9.35 or so and before new significant news items are released; somewhat less reliable in choppy trading periods when there is also a dearth of any other market moving news or reports, and pretty unreliable the rest of the time. For me, they fill a useful gap in my trading day in the first half hour only, when the collection of indicators I use in my own trading system are "wonky", due to open gap ups and downs. I hope any or all of this helps. But I wouldn't advise wasting another second of your trading effort on Camarilla. Best of Luck from the UK Ramanujan (aka Ren)
Hi Ramanujan, Hush! Don't give the store away. We need lots of those kind of believers. Be good, nononsense