trading strategy for gartley candlestick pattern

Trading strategy for gartley candlestick pattern

GARTLEY CANDLESTICK PATTERN

INTRODUCTION Gartley Candlestick Pattern ek technical analysis tool hai jise traders stocks, forex aur commodities ke trading me use karte hain. Is pattern ko Harold M. Gartley ne introduce kiya tha aur iska naam uske last name se hi rakha gaya hai. Gartley pattern, harmonic trading ka ek prakar hai jisme traders ko market trend ka pata lagana hota hai aur price reversal ki possibility ka andaza lagana hota hai. Gartley pattern me 5 key points hote hain - X, A, B, C aur D. IDENTIFICATION Is pattern ko identify karne ke liye, pehle X aur A points ko join karke ek trend line banayi jaati hai. Iske baad, A aur B points ke beech me fibonacci retracement levels ka use karke, B point ki level determine ki jaati hai. B point aur C point ke beech me bhi fibonacci retracement levels ka use kiya jaata hai, jisse C point ki level determine ki jaati hai. Jab C point ki level determine ho jaati hai, to D point ki possibility calculate ki jaati hai. Yeh possibility 0.786 fibonacci retracement level par hoti hai. Agar D point XA extension ki 1.27 fibonacci level ke pass hota hai, to iska matlab hota hai ki price reversal hone ki possibility hai. TIPS FOR TRADERS Gartley pattern ko use karke traders price action ka pata lagate hain aur price reversal ki prediction karte hain. Agar pattern sahi se identify kiya jaye aur price action uske according ho, to traders profitable trades execute kar sakte hain. TRADING STRATEGY Gartley candlestick pattern ko trade karne ke liye aik step-by-step trading strategy hai jo aap istemal kar sakte hain: STEP 1 Sab se pehle apko chart par Gartley pattern ko dhundna hai. Yeh pattern aam taur par price action analysis ke zariye istemal kiya jata hai aur is ka matlab hota hai ke price ka aik specific sequence hai jo ke aik bearish trend se bullish trend mein convert hota hai. Gartley pattern ko dhundne ke liye ap ko market ko closely monitor karna hoga aur price movement par nazar rakhna hoga. STEP 2 Jab apko Gartley pattern mil jaye to apko enter karnay ke liye wait karna hoga. Enter karne se pehle apko confirm karna hoga ke yeh pattern theek hai aur is ke price action mein koi irregularity nahi hai. STEP 3 Jab ap confirm ho jaye ke pattern theek hai to ap entry point ke liye wait karenge. Entry point ko determine karne ke liye ap price action aur technical analysis ka istemal kar sakte hain. Aam taur par, entry point Gartley pattern ke point D level ke near hota hai. STEP 4 Apni trade ko manage karna bahut zaroori hai. Is ke liye apko stop loss aur take profit levels set karna hoga. Stop loss ko set karne se pehle apko risk management ko consider karna hoga aur apne trading account ke balance ke hisab se stop loss level ko set karna hoga. STEP 5 Jab trade enter ho jaye to ap ko monitor karna hoga ke trade kis direction mein ja raha hai. Agar trade apke favor mein hai to ap stop loss ko adjust kar sakte hain. Agar trade against apke favor mein ja raha hai to ap stop loss ko hit hone se pehle trade ko close kar sakte hain. Yeh the aik simple step-by-step trading strategy Gartley candlestick pattern ke liye jo ap istemal kar sakte hain. Is ke ilawa, ap apne trading style ke hisab se trading strategy customize bhi kar sakte hain. SUMMARY Gartley Candlestick Pattern ka concept technical analysis mein use hota hai aur yeh trading charts ko analyze karne ke liye istemal hota hai. Is pattern mein, traders market mein trend ko analyze karte hain aur price ke movements ko predict karte hain.Gartley Pattern ka use karke traders market mein trend aur price movements ko predict karte hain aur trading decisions ko lete hain.