Trading NR7 setup

[jagankris]

hello everyone,
today nr7 stock:

RELIANCE high 810.75, low 795.2,
TATAMOTOR high 185.45, low 180.9
MINIFTY high 5014.95, low 4937.1

Angira...

Dear Angira,

Minity Nifty though it could be NR7 the range is approximately 79 points.
Hence consider if you want to consider as a pick for NR7.
Like wise others too.

Thanks.

-JK

 

[angira]

hello everyone,

nr7 stocks for today:

Reliance H-812.2, L-798.35 (second time in this month)
Minifty H-5086.7, L-5023 (second time in this month)

Angira......

 

[rkkarnani]

hello everyone,

nr7 stocks for today:

Reliance H-812.2, L-798.35 (second time in this month)
Minifty H-5086.7, L-5023 (second time in this month)

Angira......

Angira, Thanks for the helpful attitude , helpful for many to post the NR7 stocks.

Wondering why do you post Minifty instead of Nifty. Nifty Futures formed a NR7 bar on 1st Dec and on 2nd December the Range of the bar was greatest in last 7 bars and again on 5th December we have a NR7 bar , in fact it is NR12 bar, has the smallest range is last 12 trading sessions!!!
Any suggestion how to trade it?? Last three bars : Contraction Expansion Contraction....!!!!!!!!!

 

[angira]

@rkkarnani & All,
GM.

I've not Minifty charts, there is not much differece between Minifty and Nifty price. I'm trading all stocks like SBIN, RELIANCE-Infra,
TISCO,INFOSYS,Sunpharma,ICICI,etc. with NR7 setup and also use some charts pattern.I've not much exeperience in Nifty. So i've started with
Minifty.

I hold nr7 triggered stocks but i don't hold Minift/Nifty. If it gives me 30 to 40 point that's enough for me. Bcoz i'm not full time day trader.

now I've attached Nifty charts.I know 1st and 2nd Dec. range was greatest also see chart, some Bar pattern which i'm trading in Fx(demo)with some currency pairs; gives some signals. I've pointouted that bar.

If i'm wrong at anywhere...suggestions and corrections most welcome frm any juniors-seriors. ENGLISH IS NOT MY NATIVE LANG.

Angira...

 

[kamalesh dutta]

i want to how would i trade? concept is clear but how to draw that there is a buying lvl or selling lvl....

 

[trade4joisar]

i want to how would i trade? concept is clear but how to draw that there is a buying lvl or selling lvl....

Go through this thread thoroughly & follow it without any fear.

http://www.traderji.com/technical-analysis/30428-shs-315-strategy-how-use-if-effectively.html

 

[marissiva]

Hi seniors..
i dont know that how convert the NR7 indicator...and me using the MT4 platform.so send me the nr7 indicator which may run in d MT4 PLATFORM.
MY EMAIL ID : [email protected]



thanks in advance...

 

[dipaarti]

NR7 is always fruitful :clap::clapping:. But on friday I got confused . Triggering of SL doesn't made me nervous . However, what to do next is the question.

Thursday was NR7 day... High of 4780 and low of 4730.... after a Break below 4730 I went short, (in opening few minutes only), market made low of 4689 and reversed. stop loss triggered (4780). No problem. Stop loss are the best trend decider tools.

Just want to know, whether we should close short and go long (as i have always seen, after stop loss market moves strongly in same trend) above the stop loss level ? if yes, what will be stop loss for longs (is it again 4689 ? )

Plz help.

 

[ethan hunt]

Hi Members,

Can someone help me with AFL meeting conditions as below:

AFL for scanner/exploration to be used in TODAYs Real Time INTRADAY CHART:


BUY:
i) Stock which were NR7 or IDNR NR7 or NR4 or IDNR NR4 on Yesterday EOD charts.

AND

ii) When scanned/explored Today on Real Time INTRADAY CHART, breaks HIGH of Yesterday.


SHORT:
i) Stock which were NR7 or IDNR NR7 or NR4 or IDNR NR4 on Yesterday EOD charts.

AND

ii) When scanned/explored Today on Real Time INTRADAY CHART, breaks LOW of Yesterday.

Thanks,

 

[ethan hunt]

No response on above !!!