How to use Camarilla
Camarilla is the one of the best indicators, if not the best. It is better than classic pivot points.
It detects the most important daily, weekly, monthly and yearly levels that you would have hard time to find yourself.
It is leading indicator and plots ahead of time (day, week, month, year) and its static, does not change.
It is a rule based system of its own and allows you immediately to evaluate the situation and project the likely move.
You can use Camarilla as a trading system on its own.
On daily you use monthly Camarilla (daily candle has to close above certain level to confirm breakout)
On 1-4 hours you use weekly Camarilla
Timeframes up to 1 hour you use daily Camarilla.
Higher value relationships between 2 consequent days or weeks values (fair price) zones S3R3 means trending market. Narrow squeeze of value zone within previous value zone predicts volatility. Expansion of consequent value zone predicts ranging market.
I used GBP index as example - with one look you can see easily detect that weekly value of GBP is too expensive and selling might start from this point.
One needs some practice to learn to use it...
It detects the most important daily, weekly, monthly and yearly levels that you would have hard time to find yourself.
It is leading indicator and plots ahead of time (day, week, month, year) and its static, does not change.
It is a rule based system of its own and allows you immediately to evaluate the situation and project the likely move.
You can use Camarilla as a trading system on its own.
On daily you use monthly Camarilla (daily candle has to close above certain level to confirm breakout)
On 1-4 hours you use weekly Camarilla
Timeframes up to 1 hour you use daily Camarilla.
Higher value relationships between 2 consequent days or weeks values (fair price) zones S3R3 means trending market. Narrow squeeze of value zone within previous value zone predicts volatility. Expansion of consequent value zone predicts ranging market.
I used GBP index as example - with one look you can see easily detect that weekly value of GBP is too expensive and selling might start from this point.
One needs some practice to learn to use it...
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