Trading NR7 setup

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vssoma

Well-Known Member
We ended with 140 points range for today. Western market is bleeding, and quite likely we are going to have lower low tomorrow.

Again another strong setup from Toby Crabel (called 90-10 setup) appeared today. The selling is not yet over, hence market closed in bottom 10% range of the market. This selling will push mkt to lower low, and if more selling enters the market then we will end lower. But if that doesn't happen, then we might see small bounce from already oversold market (275 points in 2 days, what else a short term trader wants before collecting the profit and waiting to reshort around 5000 level).

Happy trading.
dear,
i was thinking the same which is highlighted....hats off guruji ( AW10 )
 
Again another strong setup from Toby Crabel (called 90-10 setup) appeared today.
Happy trading.
Do you have any reference material for 90-10 setup?

One question about NR7 setup
* We need to consider stoploss for Low & high for swing trading also right? i.e. we need to keep same SL everyday & if hit go with the trend
 

AW10

Well-Known Member
On 90-10 setup, I don't have any write-up, but you can get Toby crabel's book scribed or various other places on net, just google it.

About stoploss on NR7 strategy that I have mentioned at the start of thread, is to give u an idea of how one can trade it. It is a draft system definition. I would suggest to take these draft rules and backtest it. As you backtest it, you should refine it further as per your observations.
Placing stop is always tricky. Most of the people use a buffer of few points. So I will leave it to you to decide on it.

In NR7 breakout system, if you are reversing the trade on hit of stop, that works more often then not, cause market makers are active and they have already trapped some people by making first false breakout. So at second entry, you are aligned with them.
But plz backtest and find it on your own.

happy trading.
 
In NR7 breakout system, if you are reversing the trade on hit of stop, that works more often then not, cause market makers are active and they have already trapped some people by making first false breakout. So at second entry, you are aligned with them.
But plz backtest and find it on your own.

happy trading.
Thanks.

This i experienced recently in previous 2 NR7 setup of
  • Cairn
  • Petronet
  • & now in NIFTY

making first false breakout & at 2nd entry it works perfectly.
 
Hi ! All

I have tried NR-7 trading theory..it is working well. I am doing with the help of excel...

I request those who work on this system shud post next day's nr-7 scrips (atleast 10 scripts). it will be useful for all.

regds
 

angira

Well-Known Member
hello every1,
some NR7 stocks(nse) for today :

Mcdowll-N (H-782.75, L-765.05)
Relinfra (H-382.8, L-373.1)
Tatasteel (H-406.8, L-398)
BEL (H-1518, L-1494.8)
TCS (H-1063, L-1041)

Happy Trading...
Angira.....
 
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