Camarilla Pivot Points is a variation of the classic Pivot Point. Both strategies are based on the same principle, but the ending target differs in both cases. It is very important to make the distinction between both strategies, because they are completely different from each other and should be traded accordingly.
The main difference between Camarilla Pivot Points and the classic Pivot Point is that Camarilla Pivot Points are only valid for a certain period of time. The classic Pivot Point only uses the current price, but Camarilla Pivot Points use the highest high and lowest low of the last two days to create a pivot point. The following days pivot point is created by adding or subtracting the same percentage from the previous days pivot point.If you want to learn more about the Camarilla Pivot Points, you should read this excellent article on the subject. It explains everything you need to know about this strategy and how it can be used for trading.
