This excel version of the Camarilla Equation is so easy to use. Simply input the open, high, low & close price of any secutiry and it will give you 8 pivot points. The most important of these being the H3, H4, L3 and L4 levels which are most commonly used to gauge likely retracement and break-out points.

I use this equation successfully by waiting for the price to go beyond the H3 or L3 levels and then, when the retracement begins and the price comes back within the given level, trading with the prevailing trend. This, used in conjunction with suitable exit points, can provide healthy returns.

I suggest you paper trade using the camarilla equation for a little while to perfect the technique of reading the levels and putting them into practice. An easy and convenient way to paper trade is to sign-up to the UK share trading game where you can practice trading the companies of the FTSE 100.