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Old 03-20-2006, 03:14 AM
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Quote:
Originally Posted by SPACECHIMP
I'm curious too.
Mostly about Fib pivots and camarilla pivots..
do people use Daily,weekly, monthly for pivot calculations?
Is FIB or camarilla better to use?

Hi i am not a guru here neither i will intend to be.. but lets first disect
camarilla as an indicator

basic formula for L3 or (buy)

close - (yesterday's High - yesterday's Low) * 0.27 ( meaning 0.23 ( fib level ) support of yesterday's movement )
( reverse for H3)

normal pivot
H+L+C/3 = almost 0.382 fib lvl of yesterday's movement.
( yesterday or last week or last month )

Demark has an interesting way of giving also 0.618 lvl with his projected high
projected low

formula
if yesterday's close > yesterday's open ( meaning bulls were in control ) then normally one will take a fib lvl of high to low using fibonacci indicator available
but his formula (demark's is )
(2 * H + L +C )/2 = we get a number
this number - High = today's expected low ( auto 0.618 fib lvl )
this number - Low = today's expected high (auto 1.252 - 0.786 projected).


I personally use pivots and demarks lvl on weekly basis i see it has more information then daily -- murrey maths i dont find yet necessary for my self

sorry for this long writing and if i did any mistake i am still a newbie .

super-newbie