Hey,
I always trade with the trend, sorry if I was not clear...what I meant is I would take a long on an up trend above the NR7 and short the stock on a down trend below the NR7 bar.
The thing is, I would prefer to do so when I have "shields" or other "protections" nearby like I said being...
When I say end of correction, I mean after a pullback, then when I spot an NR7 bar, I'll take long at the next bar once it goes higher than the high of the NR7 and short the opposite.
What can't you understand?
I'll try to post a chart later on,
Thanks,
Hey there,
I look for NR7 on intraday charts and the time frame is of 5 min candles.
I'll try to explain again:
Let's say I spot a stock which in itraday is clearly on an uptrend, I wait for it to correct, it can go down a bit or sideways, it doesn't matter.
Then, if at the end of...
Hey guys,
I'm trading for a few years now and these days focusing on intraday, trading stocks when my strategy is:
1. Looking for NR7 candles, prefer it after a correction to enter the main trend of the stock.
2. I don't enter on each NR7 candle I spot, only if it has clear indicators...
Hey guys,
New to this site, but been trading for a few years now and these days focusing on intraday trading, hoping to make a living from it.
Wish everyone best of luck and good trades, hope we'll help each other succeed and profit :clap: