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)
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.
