Camarilla Pivot Point trading is one of the intraday system in trading and these levels are quite precise than any other pivots, so market finds support and resistance at pivot levels.
Using some simple arithmetic calculation on previous days high, low and close a series of points are derived. These points can be critical support and resistance levels. The reason cam pivots work most of the time is that they are predictive as opposed to lagging and you will often find that the market reacts at these levels. This give you an opportunity to trade.
The three most important cam pivot points are H3, L3 and CPR (Central pivot range).
The general idea behind trading cam pivot points are to look for a reversal or break of either around CPR or H3 or L3 in trend direction.
Once you start using pivots you will understand how much of a chaos cutting tool they are. Even on the most volatile of days, pivots can throw light on what to expect next from a particular price level on a particular chart.
Once you start using pivots you will understand how much of a chaos cutting tool they are. Even on the most volatile of days, pivots can throw light on what to expect next from a particular price level on a particular chart.
