Posted by lessarda on 18th of May 2011 at 02:03 pm
I was curious too when I saw CAM levels in the BPT Pivots table.
As I understand it, CAM levels are pivots with an
overbought/oversold reversion range added: you look to short at H3
& go long at L3 with stops near the 4's in case the trend
breaks through. Or you wait for reversals back under H3 or over L3
to open trades, with stops at the 3's.
In the BPT table "Long" = L3 and "Break Out Short" = L4; "Short"
= H3 & "Break Out Long" = H4. Hope that helps.
I tried
their calculator for four weeks roughly six months ago in the forex
market and thought that it had value. The camarilla points are
essentially "pivot points" and at times are uncanny just as are
pivots and fib lines, and basic support and resistance lines.
However if you go here on moneytec to the thread by jetheat called
Mechanical Discretion and purchase his ebook of the same name for
$10 or $20 (or thereabouts) you will receive a camarilla/pivot
calculator within the ebook to own which is a far better deal than
paying $179 per month to lease surefirethings and from my usage of
both of them there is little if any difference between the two.
Also with his ebook you also get some fundamental and useable
trading strategies plus some valuable insights, and just try to
beat that price. It should be noted that I have no vested interest
in the ebook but I am simply sharing my experience here in order to
maybe help someone by suggesting to keep your money in your pocket.
The camarilla equation is not the holy grail but is indeed a very
valuable tool to add to your arsenal, give it a try you'll be glad
you did. My two cents. Basenji
Posted by parkridge77 on 18th of May 2011 at 02:00 pm
Steve- thnx- it's on our bpt pivot pg.- last category--
Maybe whoever monitors/updates this info could give us
explanation? wondering how much weight to give it as an indicator-
can't find much on internet about it so far. Thanks again
Ques.- cam level on our
Posted by parkridge77 on 18th of May 2011 at 01:27 pm
Ques.- cam level on our pivot chart for SPX is:
1335.53 break out long
does that mean a close @ or above? & do we give this guide indicator same weighting as fib & pivot levels?
I am assumig CAM stands for computer aided manufacure- yes?
last- FOMC meeting at 2pm
Search "Camarilla Equation"...
Posted by lessarda on 18th of May 2011 at 02:03 pm
I was curious too when I saw CAM levels in the BPT Pivots table. As I understand it, CAM levels are pivots with an overbought/oversold reversion range added: you look to short at H3 & go long at L3 with stops near the 4's in case the trend breaks through. Or you wait for reversals back under H3 or over L3 to open trades, with stops at the 3's.
In the BPT table "Long" = L3 and "Break Out Short" = L4; "Short" = H3 & "Break Out Long" = H4. Hope that helps.
Title: $179 per month http://www.moneytec.com/forums/f33/surefirething-camarilla-equation-14121/ Re: SureFireThing
Posted by lg on 18th of May 2011 at 03:01 pm
http://www.moneytec.com/forums/f33/surefirething-camarilla-equation-14121/
Re: SureFireThing Camarilla Equation
Thanks, LG.
Posted by lessarda on 18th of May 2011 at 11:09 pm
http://www.traders-library.com/download/Mechanical%20Discretion.pdf
parkridge - I'm not familiar
Posted by steve on 18th of May 2011 at 01:37 pm
parkridge - I'm not familiar with the CAM Levels but that is interesting.
Steve- thnx- it's on our
Posted by parkridge77 on 18th of May 2011 at 02:00 pm
Steve- thnx- it's on our bpt pivot pg.- last category--
Maybe whoever monitors/updates this info could give us explanation? wondering how much weight to give it as an indicator- can't find much on internet about it so far. Thanks again
I understand it's listed there
Posted by steve on 18th of May 2011 at 02:02 pm
I understand it's listed there but I'm not familiar with it. Good luck on your search.