How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[SavantGarde]

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If it is none of the above... then I will have to go with with what Kamlesh said... 'Inside Bar'

SG

Aditya, remind me what is IB ?? NR7 of course is narrow range of last 7 trading sessions - there's a thread about it too, but I seem to have forgotten IB

 

[timepass]

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If it is none of the above... then I will have to go with with what Kamlesh said... 'Inside Bar'

SG

Bas kya mama, bachche ki jaan lega kya

 

[adityasaraf007]

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If it is none of the above... then I will have to go with with what Kamlesh said... 'Inside Bar'

SG

This is called partiality..... hum bhi toh "Inside Bar" bola tha.... :annoyed:

 

[ayush2020]

I have never seen this sort of congestion since I am following it.... (I am following it for the last 8-10 months)..... We have 5 NR7 days out of last 7 Trading Sessions.....

And add to it the combo of NR7 and IB..... Yiepeeeeee...... and a Doji..... Sone pe suhaga offer.....

Combo of NR7 and IB works really well.... most of the times...... you would make money 8 out of 10 times trading it.....

We go Long on Break of 4805 or Short on break of 4735...... With Stops on either side...... But beware of False Breakout..... I have a gut feeling it would give a false breakout.... most probably on the Long Side..... Actual trade should be on the Short Side.... But no bias while Trading...... we have a massive resistance till 4840....

And if the trade runs in our favour on the day of entry it is most probable that it would also run in our favour till the 1st half of the next Trading Session.....

what is this NR7 and IB ???

 

[ayush2020]

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If it is none of the above... then I will have to go with with what Kamlesh said... 'Inside Bar'

SG

:clapping::clapping::clapping: mast hai SG sir.. :rofl:

 

[ayush2020]

If someone wants the Excel Sheet for NR4/NR7/IB.....

Here's the Link to the Folder..... There's a file named "Nifty_Mechanical_Trading_using_PIVOT_Calculations"...... Download that sheet.... It has a lot of other stuff as well...... This sheet was originally shared by Sunil ji (Dhiraj 2652 Fame)..... I have modified it as per my needs......

Have a look at what happens after the combo of NR7 and IB.....

aditya that link comes as a untrusted connection ...

 

[NTrader42]

aditya that link comes as a untrusted connection ...

try this http://min.us/mROomZphu



..... have added some trust to it

 

[adityasaraf007]

NR7 is Narrow Range 7........ ie; Narrowest range of last 7 trading sessions..... Would suggest you to have a look at AW Sir's Thread for the psychology behind it...

And that link is certainly trusted..... Maybe because they sometimes use min.us and sometimes minus.com as their domain name... But its absolutely fine..... you can proceed to download.....

Edit: It's because of https and http..... Thanks NT

 

[ayush2020]

try this http://min.us/mROomZphu



..... have added some trust to it

yes got it... but over flow hogaya... let me study it again...

 

[VJAY]