Explain pivot points ?
Dear friends today we will discuss about pivot points,so let's start,here i will discuss
Definition of Pivot Point
Dear Friends Pivot Point basically aik eisa point hota hai, isko aap central point bhi keh sakhty hain, jis per market depend kar rahi hoti hai. Agar ap pivot point ki basis per apni trading decisions complete karte Hain, to definitely aap bahut hi acchi trading kar sakhty Hain. Pivot Point per aapko market hamesha achi entry provide kar rahi hoti hai, liken iski exact calculation bahut important hai.
Importance
Yaeenan pivot point ki bahut zyda importance hai. Dear forex members Pivot Point ki basis per apki decision making apk liye bahut hi important role play karti hai. Kunk agar aap perfect trading karna chahte hain, to apko Different techniques ko apni trading main include karna hota hai. Pivot Point per completely focus karna hota hai.
How to Trade
Jab aap pivot point per trade lety hain, tu Pivot point ki interpretation ka apko achi tarah idea hona cheye. Jab aap pivot Point ki basis per decision making process complete kar rahy hoty hain, tu ismein aapko selling aur buying confirmation mil rahi hoti hai.
Chart of Pivot Point
Uper di hui information ko further explain krny kay liye aapko below mentioned chart share krny ja raha hun. Jo aapko further guidance da ga.
Calculation and formula
If it is Wednesday morning, use the high, low, and close from Tuesday to create the pivot point levels for the Wednesday trading day.
1. After the market closes, or before it opens the next day, find the day's high and low, as well as the close from the most recent previous trading day.
2. Sum the high, low, and close and then divide by three.
3. Mark this price on the chart as P.
4. Once P is known, calculate S1, S2, R1, and R2. The high and low in these calculations are from the prior trading day
FORMULA.
P=3High+Low+CloseR1=(P×2)−LowR2=P+(High−Low)S 1=(P×2)−HighS2=P−(High−Low)
where: P=Pivot point
R1=Resistance 1
R2=Resistance
2S1=Support 1 S2=Support 2
Picture
Dear friends today we will discuss about pivot points,so let's start,here i will discuss
Definition of Pivot Point
Dear Friends Pivot Point basically aik eisa point hota hai, isko aap central point bhi keh sakhty hain, jis per market depend kar rahi hoti hai. Agar ap pivot point ki basis per apni trading decisions complete karte Hain, to definitely aap bahut hi acchi trading kar sakhty Hain. Pivot Point per aapko market hamesha achi entry provide kar rahi hoti hai, liken iski exact calculation bahut important hai.
Importance
Yaeenan pivot point ki bahut zyda importance hai. Dear forex members Pivot Point ki basis per apki decision making apk liye bahut hi important role play karti hai. Kunk agar aap perfect trading karna chahte hain, to apko Different techniques ko apni trading main include karna hota hai. Pivot Point per completely focus karna hota hai.
How to Trade
Jab aap pivot point per trade lety hain, tu Pivot point ki interpretation ka apko achi tarah idea hona cheye. Jab aap pivot Point ki basis per decision making process complete kar rahy hoty hain, tu ismein aapko selling aur buying confirmation mil rahi hoti hai.
Chart of Pivot Point
Uper di hui information ko further explain krny kay liye aapko below mentioned chart share krny ja raha hun. Jo aapko further guidance da ga.
Calculation and formula
If it is Wednesday morning, use the high, low, and close from Tuesday to create the pivot point levels for the Wednesday trading day.
1. After the market closes, or before it opens the next day, find the day's high and low, as well as the close from the most recent previous trading day.
2. Sum the high, low, and close and then divide by three.
3. Mark this price on the chart as P.
4. Once P is known, calculate S1, S2, R1, and R2. The high and low in these calculations are from the prior trading day
FORMULA.
P=3High+Low+CloseR1=(P×2)−LowR2=P+(High−Low)S 1=(P×2)−HighS2=P−(High−Low)
where: P=Pivot point
R1=Resistance 1
R2=Resistance
2S1=Support 1 S2=Support 2
Picture
