History of the Camarilla
In 1989, a bond trader named, Nick Stott, observed different financial markets. As the results of his observations unveil, conditions tend to revert to the mean. Regardless of economic factors, it is not impossible for figures to resort back to yesterday’s.
Furthermore, it goes to show that support and resistance levels can be predicted with the use of past volatility. Furthermore, it reveals that once a wide spread between highs and lows during the previous day has been established, they are likely to retreat and reverse toward the closing price of the same day. The root of the discovery, you ask? He called it the Camarilla Formula.
The Camarilla Equation
High 1 = Closing Price + [(1.1 / 12) * (High – Low)]
High 2 = Closing Price + [(1.1 / 6) * (High – Low)]
High 3 = Closing Price + [(1.1 / 4) * (High – Low)]
High 4 = Closing Price + [(1.1 / 2) * (High – Low)]
Low 1 = Closing Price – [(1.1 / 12) * (High – Low)]
Low 2 = Closing Price – [(1.1 / 6) * (High – Low)]
Low 3 = Closing Price – [(1.1 / 4) * (High – Low)]
Low 4 = Closing Price – [(1.1 / 2) * (High – Low)]
In a nutshell, the SureFireThing Camarilla Equation is a trading system that will help you improve your market trading, no matter which way the market is going.
Content Reference: http://www.admiralmarkets.ae/education/knowledge-base/
Last update: 10. February
TIME THEORY OF MONEY
Posing the only real threat to (today's) happy scene are the politicians. In their grim global rebellion against the truth of time. They don scarecrow costumes of false disasters such as climate change, trade gap trumpery, debt doom or middle-class woe.
They scowl and leer and demand more power. They rant and vamp like vandalistic clowns of an apocalypse that will never come unless they summon it with their own lunatic fits and furies.
---Gilder's Daily Prophecy