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Hope you didn't come in here looking for the actual answer because I'm still trying to pin point it myself. I've read all the guff on these things and if you google it you'll find 5000 people smarter than me who can explain it better than I. But the basic gist is, it's all about prices returning to means.

But I was still curious how these Camarilla levels were proving right more often than not. I've previously used historical intraday charts to find support/resistance as these are normally really good indicators of future s/r points. So how the hell did the Camarilla beat these?

Well on the really brief study I've done tonight...they don't! They're actually pretty darn close to the actual historical intraday s/r levels! How the hell it does this with just HLC data I'm still not sure (all that "returning to the mean" mathematical jargon I suspect) but check out these couple of charts below and do some comparisons yourself. These are tomorrows camarilla levels projected over todays charts, just the first 4 charts I've checked. Spooky...

Cheers
AV

<blockquote data-quote="Aviator33" data-source="post: 929149" data-attributes="member: 10393">Hope you didn&#039;t come in here looking for the actual answer because I&#039;m still trying to pin point it myself. I&#039;ve read all the guff on these things and if you google it you&#039;ll find 5000 people smarter than me who can explain it better than I. But the basic gist is, it&#039;s all about prices returning to means.But I was still curious how these Camarilla levels were proving right more often than not. I&#039;ve previously used historical intraday charts to find support/resistance as these are normally really good indicators of future s/r points. So how the hell did the Camarilla beat these?Well on the really brief study I&#039;ve done tonight...they don&#039;t! They&#039;re actually pretty darn close to the actual historical intraday s/r levels! How the hell it does this with just HLC data I&#039;m still not sure (all that &quot;returning to the mean&quot; mathematical jargon I suspect) but check out these couple of charts below and do some comparisons yourself. These are tomorrows camarilla levels projected over todays charts, just the first 4 charts I&#039;ve checked. Spooky...CheersAV</blockquote>

[QUOTE="Aviator33, post: 929149, member: 10393"] Hope you didn't come in here looking for the actual answer because I'm still trying to pin point it myself. I've read all the guff on these things and if you google it you'll find 5000 people smarter than me who can explain it better than I. But the basic gist is, it's all about prices returning to means. But I was still curious how these Camarilla levels were proving right more often than not. I've previously used historical intraday charts to find support/resistance as these are normally really good indicators of future s/r points. So how the hell did the Camarilla beat these? Well on the really brief study I've done tonight...they don't! They're actually pretty darn close to the actual historical intraday s/r levels! How the hell it does this with just HLC data I'm still not sure (all that "returning to the mean" mathematical jargon I suspect) but check out these couple of charts below and do some comparisons yourself. These are tomorrows camarilla levels projected over todays charts, just the first 4 charts I've checked. Spooky... Cheers AV [/QUOTE]

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