Hi, Traders.
In order to know how much an instrument is likely to move in a trading session, if we find out the ranges in which it has generally moved, and in what range set it was seen more number of times, then it becomes easy to estimate its probable move.
As an example, over a period 2297 trading days, Nifty was mostly seen in the -1% to 1% ranges only. So when trading Nifty, go with a probability of -1 to 1 move.
How to draw the upper and lower levels?
Take yesterday's close and multiply with 1.01 for +1% upper range value.
Similarly yesterday's close * 0.99 will give lower range value.
You can then draw Fibonacci from the upper value to lower value or follow your set-up. Whiche er way you follow, this approach should help you set your expectations on any instrument.
In order to know how much an instrument is likely to move in a trading session, if we find out the ranges in which it has generally moved, and in what range set it was seen more number of times, then it becomes easy to estimate its probable move.
As an example, over a period 2297 trading days, Nifty was mostly seen in the -1% to 1% ranges only. So when trading Nifty, go with a probability of -1 to 1 move.
How to draw the upper and lower levels?
Take yesterday's close and multiply with 1.01 for +1% upper range value.
Similarly yesterday's close * 0.99 will give lower range value.
You can then draw Fibonacci from the upper value to lower value or follow your set-up. Whiche er way you follow, this approach should help you set your expectations on any instrument.
The set up is the Edge!
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
The set up is the Edge!
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.