Of course, as I learned more about the markets, I realized that this was nonsense, and that the markets are far too big to be effectively controlled, even by gigantic financial corporations. I remember that at the time I was smugly sure that this was so, and was excited to be joining (as I then thought!) this secret 'cabal'. When I first started trading, I thought (as a lot of people do!) that the markets were controlled by a secret 'insiders club' of powerful organizations who manipulated prices for their own benefit. A group of confidential, often scheming advisers a cabal.Ī quote from Nick Stott who is allegedly the inventor of the Camarilla Equation: Everyone asks me that. C stands for the Closing price.Ĭamarilla word definition: cam Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily). The formula used in the calculation of Camarilla Pivot Points are:
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