how to determine trading range with pivot points

Explanation

Pivot points ka istemal karne par, jabke iske or bhi terms hain, aapko pareshan hone ki zarurat nahi hai, kyun ke is indicator ka istemal support aur resistance levels se kuch zyada farq nahi hota. Support aur resistance levels ki tarah, prices bar-bar in do levels ko test karti hain.

Jitni zyada dafa koi currency pair pivot level ko chhoo kar phir mudalil hoti hai, utna hi ye level mazboot hota hai. Hum "pivoting" ko bas "ek support ya resistance level tak pohoch kar phir mudna" samajh sakte hain.

Agar pivot level ek jagah par rehta hai, to ye hamare liye aik acha trading mauka ho sakta hai. For example, jab price top resistance level ke qareeb move karta hai, to hum aik "sell" order place kar sakte hain aur uske upar resistance ke thode se oopar aik "stop" order place kar sakte hain.

Agar price support level ke qareeb move karta hai, to jo humein karna chahiye wo ulta hai; aik "buy" place karna aur support level ke thode se neeche aik "stop" order place karna. Ye indicator kaam karne ka tareeqa support aur resistance levels ka mamooli system se kuch zyada farq nahi hai. Is indicator ka kaam kaise karta hai, isay samajhne ke liye neeche diye gaye GBP/USD chart ko dekhein jo ke 15-minute time frame par hai:



Picture mein dikh raha hai ke price support level S1 ke aas-pass move kar raha hai. Agar aapki tajwez/analysis ye samajhti hai ke price wahan lambi muddat tak rukega, to phir jo karna chahiye wo hai "buy" place karna aur phir "stop-loss" order neeche aglay support level ke thode se neeche place karna.

Lekin, jo traders conservative tajwez rakhte hain, wo aik kaafi wide "stop" order place kar sakte hain. Agar price S2 support level se guzar jaati hai, to price phir upar nahi jayegi. Ye is liye hai ke support levels S1 aur S2 resistance levels mein tabdeel ho jayenge.

Agar traders aggressive tajwez rakhte hain, aur agar hum ye sure hain ke support level S1 qaim rahega, to hum aik "stop" order seedha S1 support level ke thode se neeche place kar sakte hain. Munafa haasil karne ke liye, hum aik target PP ya R1 par set kar sakte hain, jo ke resistance level ka kaam bhi kar sakta hai. Agar aap market par "buy" order place karte hain to kya hota hai? Chart ko neeche dekhein:



Agar aapki trade plan PP ko target karta hai aur aap ye maan lete hain ke price movement PP ki taraf hogi to aap ye yaqeenan keh sakte hain ke price hamare TP ko chhooyegi. Lekin beshak, sabhi price movements itni asaan nahi hoti. Hum pivot point levels par depend nahi kar sakte. Humain dekhna hoga ke pivot points pehle ke support aur resistance levels ke saath milte hain.

Zayada wazeh tasdeeq ke liye, hum pivot points ko candlestick analysis ya doosre indicators ki madad se use kar sakte hain. For example, agar hum dekhein ke S1 ke upar aik doji ban rahi hai, ya stochastic indicator market mein oversold condition signal kar raha hai, to buhat zyada ke imkan hai ke S1 price movement ke liye support banaye rahe.

Conclusion

Amooman, trading pehle support aur resistance levels ke darmiyan hoti hai. Price kabhi-kabhi doosre level ke aas-pass move karti hai. Aur kabhi-kabhi wo teesre level ko test karti hai. Humain puri tarah se samajhna hoga ke kabhi-kabhi prices in sab levels se guzar jayengi.

Pivot Points se Trading Range Ka Tayaar Karna

Mukhya Sarokaar:

1. Pivot Points Kya Hain?
   • Pivot Points ek technical analysis tool hain jo traders ko market ka trend aur potential support aur resistance levels ka pata lagane mein madad karta hai.
   • Ye calculations based hote hain previous day's high, low, and close prices par.
2. Trading Range Ka Mahatva:
   • Trading range determine karna market mein successful trading ke liye mahatvapurna hai.
   • Ye range traders ko entry aur exit points ka pata lagane mein madad karta hai.
3. Pivot Points Ki Prakriya:
   • Pivot Points calculation ke liye commonly used formulas hote hain jaise ki Standard Pivot Points, Fibonacci Pivot Points, aur Camarilla Pivot Points.
   • Ye formulas market volatility aur trader ke preferences par based hote hain.
4. Pivot Points Ki Calculation:
   • Pivot Points calculate karne ke liye, previous day ka high, low, aur close prices ka use hota hai.
   • Formulae ko apply karke, pivot point aur uske around ke support aur resistance levels calculate kiye jaate hain.
5. Trading Range Determination:
   • Pivot Points se trading range determine karna straightforward hai.
   • Support aur resistance levels ko dekhkar, traders range ko samajh sakte hain aur entry aur exit points decide kar sakte hain.
6. Intrday Trading Mein Pivot Points Ka Istemal:
   • Intraday traders pivot points ka istemal karke short-term trading opportunities identify karte hain.
   • Pivot Points intraday trading ke liye quick reference points provide karte hain.
7. Pivot Points Ka Mahatva Samajhna:
   • Pivot Points ke importance ko samajhna zaroori hai before relying solely on them for trading decisions.
   • Other technical indicators aur market analysis techniques ke saath pivot points ka combination beneficial ho sakta hai.
8. Risk Management:
   • Trading range determination ke saath sahi risk management crucial hai.
   • Stop-loss levels ko set karna aur position size ko control karna trading mein risk ko minimize karta hai.
9. Practice aur Learning:
   • Pivot Points aur trading range determination mein expertise pane ke liye practice aur learning important hai.
   • Demo trading accounts ya virtual trading platforms use karke traders apne skills ko improve kar sakte hain.

Nateeja: Pivot Points ka istemal karke trading range determine karna ek effective tareeka hai market analysis ke liye. Isse traders ko market trends samajhne mein madad milti hai aur unhe entry aur exit points ka pata lagane mein suvidha hoti hai. Lekin, sahi risk management aur additional analysis techniques ka istemal bhi zaroori hai successful trading ke liye.

Determine Optimal Po3 Dealing Range Size:

Ab sawal yeh hai ap ko pata kaise chalega ki main apne trading ke liye kaun sa PO3 value use karun. Main suggesst karunga ki aap ek 4 ghante ka chart open karein aur sabse saaf swings ko dekhein. Yeh swings PO3 level ke roop mein aayenge, aur seedhe chart se dikhai denge, jaise ki is 4H EURUSD chart mein aap dekh sakte hain. Hum 243 pips ke bahut saare swings dekh rahe hain, toh yahi number hum aage jaane ke liye dealing ranges ke liye use karenge. Iske alawa, main 1 PO3 level aur upar wale chart ka bhi istemal karta hoon toh is case mein woh 729 chart hoga.

PO3 Long Term Trade:

Main iska istemal lambi term ki picture ko follow karne ke liye karta hoon, aam taur par 4 ghante ya daily chart par. Ek option hai ki hum number se kam PO3 dealing range wale chart ka bhi istemal kar sakte hain, toh is case mein woh 81 PO3 dealing range chart hoga. Hum isko monitor kar sakte hain dekhne ke liye ki kya hume range expansion (bade PO3 number ka istemal) karna chahiye ya range contraction (kam PO3 dealing range ka istemal) karna chahiye.

PO3 Current Price Ko Dekhna:

Current price ko dekhne ke liye hum sirf ek chart open karenge aur jo price abhi print ho rahi hai, usko le lenge. Ab hum current PO3 dealing range low aur high calculate karenge. Iske liye, hum current price ko lete hain aur agar decimal point hai toh use remove kar dete hain. Hum sirf integer part se matlab rakhte hain, jo forex se related nahi hai. Forex ke liye hum pehle 5 numbers ka istemal karte hain aur decimal point ko ignore karte hain.