how much return you expect from commodity market

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ashwani chadha

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Amigo said:
Thanks Ashwani sir, you are explaining very nicely.
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in center of no mans land there is a line,called pivot line,for bulls it is pivot support for bears it is pivot resistance,we must remember that when move is in confirmed trend either long or short,then both parties protect it at pivot line in place of lower support or upper resistance line,now dear hardik i will wait for your reply, weather this concept of protection is very clear to you or not,after that i will continue THIS IS THE PRE REQUIREMENT OF NEXT LESSON:to be continued
 
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Klewtar

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#2,043
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ashwani chadha said:
read formula of supp/resi from inter nett and use pivot for taking decisions
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I found the pivot point formula:
(Previous day's High + Low + Closing) / 3 = Pivot Point

I wasn't sure that was the correct formula until I remembered one of ya (I think it was Ashwani's or Cotton's) posts. I thought that there was a more advanced formula for pivot points and support levels.

Now when I re-read the thread with the proper method of how to calculate pivot points, I can have a stronger grasp of the concepts previously explained without misconceptions.

I think that Monday's pivot points (and support and resistance levels) are calculated from Friday's price points since Saturdays tend to have almost no movement?

The insights of the bulls and bears behavior at resistance and support levels is very interesting information that I hope I can get value from.

Edit:

If I'm correct, today's PP for Zinc is 101.02 (based on Friday's prices, I first miscalculated it as 101.93) and it is probably a bull market today since the previous day's highest price and the closing price is almost the same.
 
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cotton

Well-Known Member
#2,044
#2,044
Klewtar said:
I found the pivot point formula:
(Previous day's High + Low + Closing) / 3 = Pivot Point

I wasn't sure that was the correct formula until I remembered one of ya (I think it was Ashwani's or Cotton's) posts. I thought that there was a more advanced formula for pivot points and support levels.

Now when I re-read the thread with the proper method of how to calculate pivot points, I can have a stronger grasp of the concepts previously explained without misconceptions.

I think that Monday's pivot points (and support and resistance levels) are calculated from Friday's price points since Saturdays tend to have almost no movement?

The insights of the bulls and bears behavior at resistance and support levels is very interesting information that I hope I can get value from.

Edit:

If I'm correct, today's PP for Zinc is 101.02 (based on Friday's prices, I first miscalculated it as 101.93) and it is probably a bull market today since the previous day's highest price and the closing price is almost the same.
Click to expand...
Klewtar dont get in trade before 12..or before 11...let the market consolidate and then we can get in based on the swing direction...what you have calculated is EOD support and resistance..check for 4 hr also..and compare the result...it should give u good insight....
 
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Klewtar

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#2,048
#2,048
Thanks for the 12 o'clock tip Cotton.

What hours are used for the 4 hour swing calculations???
-10 o'clock (time of MCX opening) to 12 o clock ?
-1200 to 1600 ?
-1600 to 2000 ?
-2000 to 2330 (time of MCX closing)

Hope that ya holiday goes well and that ya get plenty of R & R.
 
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