Saturday, July 28, 2018
Wednesday, July 4, 2018
Trading stocks with Camarilla pivots | Futures Magazine
http://www.futuresmag.com/2012/10/24/trading-stocks-camarilla-pivots
Camarilla pivot points were discovered in 1989 by Nick Scott, a successful bond trader. The basic thesis for this strategy is a common one: That price, as most time series, has a tendency to revert to its mean, right up until the point it doesn't.
As compared to classic pivots where traders look for Resistance 1 and Support 1 levels, the most important levels for the Camarilla pivot point variation are the third and fourth levels. Examples of each level, along with what might be considered an appropriate trade action, are shown here:
| Level | Price | Action |
| Resistance 4 | 1422.82 | Long breakout |
| Resistance 3 | 1419.16 | Go short |
| Resistance 2 | 1417.95 | |
| Resistance 1 | 1416.73 | |
| Support 1 | 1414.29 | |
| Support 2 | 1413.07 | |
| Support 3 | 1411.86 | Go long |
| Support 4 | 1408.20 | Short breakout |
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