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My friend say me 3 years ago about camarilla levels
"In private, I was asked about the possible use of the indicator in the Camarilla. Answer here, because, I think that the answer to this question may be of interest to many. And who knows, maybe my ideas look to someone not entirely devoid of meaning. I have no competence in this area are not, so please do not take my opinion the truth in the latter instance, it is only long-term observations in the trading process and the conclusions from these observations, and possibly incorrect. In any case, to argue and prove that it is not going to. In the end, everyone decides itself to which councils listen when risk your money.
So why do some levels? I suspect that the main reason for their appearance on the charts two traders:
1. Find Entry Level
2. We are seeing the level of output
Well, let's try to help if any horizontal line to enter the market. To do this, open, for example, the time schedule for any pair go beginning and a couple of screens ago. Now, from a noodle draw five and preferably ten horizontal lines. Let them be at different distances from each other and not much near the top or bottom of the screen. Now go back to the end of our schedule and what we see? «Oh, miracle! See how dashingly cannon course here from this line! And how strongly Breaks now this! But between these two sausage entire three hours, so hhaw much money can be cut, if you know how wonderful these same lines! But let me, how can it get? In fact, I was quite chaotic to draw! »
A case is that, dear reader, that all these levels are deprived of any meaning, told them at least a hundred - none of them would not be worth the other. If you absolutely do not care who you listen to when they are building - Fibonacci, Demark, Murray, or most super display with a vague, but the proud principles. And so happens because the rate of no difference what you are there direct / Curves / round / arched draw on the schedule, he will go to where he, according to his law movement and open to anyone who is not given - nor supercomputer for 1.2 billion dollars in Merrill Lynch, nor John Jonson for two weeks on the forex for free. Well, can not we ever know in which direction that will go and even more so for how much. To this rigid idea simply resign and not kompleksovat about their inferiority in the matter, and just everything. To complete the experiment can be drawn on the graph of recent days from three different colors (for Нi, Low and Pivot) and back again back on schedule, where you spread horizontally from the noodle. Will see that some lines show, and 23.8% of the magnitude of the last day of Fibo, and 50% for the Murray, and if not laziness consider the first objective of Demark.
There is another important fact, which is why it drew little attention. The meaning of any line on the screen is to facilitate decision-making. And do they really help to overcome the perpetual uncertainty? In my opinion one iota.. Each level must be either a punch or a wall to rebound rate. What happens at a critical (in your opinion) now? Not only that levels directly affect the trader, they are making an additional fear and sometimes even a trader refuses to enter the market, waiting for more favorable (again, in his opinion) hands.
I do not think that any organization moves sverhmoguschestvennaya courses of their choice, but to create a short (1-2 days), the movement in one direction, it is possible for a relatively small association of banks. But before the movement is often possible to see the process of probing the foot of the bulk of traders. How do you think, at what levels they are targeted? Correctly guessed - it is the most common Fibo, it is for them and advise their grief analysts put. And not for who is no longer a secret that the more trade will be broken pieces of the market these false attacks in anticipation of heavy traffic, the less money will need vorotilam to expand the course to the desired location. Arithmetic, however.
Now on the second. Of course, good to know you are in the market, where to go. «So how did, of course, I'll reach out to the course line drawn indicator super-mega-hyper-cluster trend. No problem, that when calculating it considers only the high and lo the previous day, his predictions come true just a week ago ... Hmmm ... Well, even two months ago ... Well, in general, the goal of good shows, but there is still need to look at climate ... »
And the situation is that at this point the trader is engaged in the worst of what can be done with the deposit - he begins to deal with predicting future prices, which, I repeat, can not know anybody Otherwise, the market simply ceased to exist.
At the beginning of its activity in the market, I diligently read the pile of daily papers the most famous and venerable analysts (as they themselves think about themselves).Then compare these predictions with reality, and soon realized that their forecasts of future movements never exceeds 50% of any amount or quality.
So what are you taking that indicator, written in any way levels always show you the correct level of output. Moreover, you coined the anticipated level of output would more confusing in a confidence in achieving the required rate. And well even that level may not be so far away and you will receive a small profit. And if the purpose of it is so far that the achievement of its course down to your foot?
What is the force, brother? (С) (C)
And no one here. Almost none of the levels will not bring you confidence in the future. Why is «almost»? Because there is a psychological levels of a certain interest. This is a «flat» Levels - 1.2500, 1.2700, 1.5300, etc. To run on the graphs is a long period, we can see that the «straight» rate levels are in no hurry to pounce immediately. They suggest more correctly, when to sit on the fence, but if you are already in position, the level or partial or full closure position.
All are tired of pounding on the keys . I would be glad if my speculations bring someone good.
Good luck to all."
Last edited by poruchik; 07-30-2009 at 05:35 AM.
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hi
Linear Mode
