Nifty Futures Trading Part 2 (Positional)

[dumdum20008]

Welcome to NR7(and doji), we were waiting for you, hope our bear be blessed.

As new week started, lets have a "tweaked" weekly strategy based on ACD system.

1) Openenig Range = Monday's (High to Low) 335 minutes.

2) A and C Values = (Last Week's highest value of ATR(10))/5. Here its 120/5 = 24

3)A ups/downs and C ups/downs values comes 2881 and 2781.

4) Trade: ( assumed validity: this week)
a)buy above 2881 if sustained half of day (168 min). If bought then SL = 2805, Low of opening range.
b)Short below 2781 if sustained half of day. If short then SL = 2857, high of opening range.

(Respected seniors, please correct/advice me if im wrong in implementation)

 

[orderflow13]

Welcome to NR7(and doji), we were waiting for you, hope our bear be blessed.

As new week started, lets have a "tweaked" weekly strategy based on ACD system.

1) Openenig Range = Monday's (High to Low) 335 minutes.

2) A and C Values = (Last Week's highest value of ATR(10))/5. Here its 120/5 = 24

3)A ups/downs and C ups/downs values comes 2881 and 2781.

4) Trade: ( assumed validity: this week)
a)buy above 2881 if sustained half of day (168 min). If bought then SL = 2805, Low of opening range.
b)Short below 2781 if sustained half of day. If short then SL = 2857, high of opening range.

(Respected seniors, please correct/advice me if im wrong in implementation)

well m nt exactly a senior but ur post again made me awake n triggered thought process ( with due respect 2 cz i swear i was intended 2 look at tj posts n sleep but... ) dumdum ( leme knw ur real name yaar ) i tried to figure out how to calculate filter, i look at atr n volatility index but didnt like my results, nw i saw ur way of calculating atr for a day seems very realistic n logical, totally agree
about nr7 ..i still cant fathom this thing...i tried it in real time n borrowed the experience of tonny crabel on narrow range break outs n inside bars but still didnt get it why nr7 n nr 4 so powerful ? why they care so much for nr7 though prices still breaching mother candles? also i observed hourly chart for inside bars most times they give false break outs n afterwards get in to shadow of mother candle...

 

[VJAY]

Hi dumdum,
I am new to this thread can you please explain what is this NR 7 NR4 & ATR

Thanks & Regards
VJAY

 

[dumdum20008]

Hi dumdum,
I am new to this thread can you please explain what is this NR 7 NR4 & ATR

Thanks & Regards
VJAY

NR7 --> Narrowest range in last seven days
NR4 --> Narrowest range in last four days
ATR --> Average True Range

these are same in this thread, every thread, every where, every trading forum, in the whole univers.... ( just joking)

 

[dumdum20008]

already spent 168 min below 2781.
I think a positional put 2800 @ 107 is good for testing.
( hope Obama rally will not mature)

 

[pkamalesh]

 

[pkamalesh]

 

[dumdum20008]

kammy,
good monster indicator

 

[trillian]

already spent 168 min below 2781.
I think a positional put 2800 @ 107 is good for testing.
( hope Obama rally will not mature)

Hi dumdum,

Good system and good pick even in choppy market. Hope we can try this in stocks too.

Regards,

 

[pkamalesh]

NR7 --> Narrowest range in last seven days
NR4 --> Narrowest range in last four days
ATR --> Average True Range

these are same in this thread, every thread, every where, every trading forum, in the whole univers.... ( just joking)

Hi dumdum..i guess the 7 day range is now around 2700 to 2870 rt??