Pivot and Camarilla Points

[Sanook]

Hi all,

Sorry if this has been asked before, but I'd really like to understand how pivot and camarilla points are calculated. I'm new to this game, but have already seen some spectacular Fibonacci retracements unfold before my eyes, so I'm keen to learn how the other pivot techniques work.

I have been using MT4 for the past week and have installed a plugin which displays Camarilla points. I have noticed that the prices do seem to bounce around these points too (though not always), but I dont understand the theory behind the lines, or how to properly use them.

Thanks in advance.