Trading NR7 setup

[angira]

Hi,

I am new to NR 7 setup, recently starting looking same setup in futures.

NR7 triggered Cipla on 7th Aug.

High / Low : 355.5 / 352.2

Appreciate if someone can verify or I am missing something.

Angira, kindly confirm.

Thanks,
Sandy

dear sandygunnu,
actually CIPLA is not in my track list.In my stock list sbi, icicibank,tatasteel,tcs,reliance,relinfra,sunpharma,LT,macdowell,hindalco,dlf.
only.

put u'r values' screenshot if u've any coufusion regarding setup.

angira...

 

[sandygunnu]

dear sandygunnu,
actually CIPLA is not in my track list.In my stock list sbi, icicibank,tatasteel,tcs,reliance,relinfra,sunpharma,LT,macdowell,hindalco,dlf.
only.

put u'r values' screenshot if u've any coufusion regarding setup.

angira...

Thanks Angira for your reply. I have been waiting for this for long time.

Any specific reason why you are tracking above stocks only for NR 7 or you generally track only above stocks for your trading purpose.

Apart from this, I am also doing a research and backtesting on last 1 year data on WizardTrader 101% DLF strategy where you were active too but you had to leave that thread due to some rude critics there.

I also calculate daily levels for DLF using that strategy and making good profit for the last few days. I would like to share my views on DLF high / low on daily basis as well as would like to know your levels. Pls. let me know where I can share these values and know yours. Appreciate if you could pls. share your email id and mine is sandygunnu1309 at gmail dot com for your reference.

 

[angira]

hello sandygunnu,

i've track only some stock...BCOZ of experience nothing. In some stock i've experience so i select mostly.
And i believe in price action, not bunch of indicator. Stock which u' select for intra/swing trading, u should
have some knowledge that how that stock react-nature as per index-nifty.
Money management is also important. I've to do my job also. When I've got govt.job last year, i trade
mostly positional or swing.

Using NR7 i'm always trading with real money.

...I've leave that WT' thread now i don't want to discuss why? I'm interested in that strategy bcoz it's based
on price action. I've not much research on that but last one month i've tried out & U know that there level
which we get by WT' formula needed some adjustment. Well WT did not give any idea in calculation format. So
if i adujust level then i always found that only one side is complete 90%. Sometime high & sometime low.

Now I want to use this concept with some changes & also try it on Nifty & other stock.
More if possible i'll PM U.

We can't discuss more here abt this strategy bcoz this is AW10' thread.

angira...

 

[sandygunnu]

hello sandygunnu,

i've track only some stock...BCOZ of experience nothing. In some stock i've experience so i select mostly.
And i believe in price action, not bunch of indicator. Stock which u' select for intra/swing trading, u should
have some knowledge that how that stock react-nature as per index-nifty.
Money management is also important. I've to do my job also. When I've got govt.job last year, i trade
mostly positional or swing.

Using NR7 i'm always trading with real money.

...I've leave that WT' thread now i don't want to discuss why? I'm interested in that strategy bcoz it's based
on price action. I've not much research on that but last one month i've tried out & U know that there level
which we get by WT' formula needed some adjustment. Well WT did not give any idea in calculation format. So
if i adujust level then i always found that only one side is complete 90%. Sometime high & sometime low.

Now I want to use this concept with some changes & also try it on Nifty & other stock.
More if possible i'll PM U.

We can't discuss more here abt this strategy bcoz this is AW10' thread.

angira...

Thanks Angira for your kind reply.

I also track NR 7 setup and it's a great setup provided by AW10, co-incidentally it triggered on y'day 17th Aug. Nifty daily data.

And also happening on NR4 on weekly / monthly data as well. According to my understanding, it's a rare combination and should provide powerful explosion on either side.

AW10 / Angira / Sr. Members : pls. share your views as I plan to trade this setup on 18th August with upward bias and long entry point as 5410 on nifty future treating 5410 as SAR level as will reverse my position on short side below 5410.

 

[angira]

GM all,

watch on icicibank(nse cash),

pH-969, pL-952.25

angira...

 

[krishan prakash saxena]

Please watch PNB aug future for NR7. OPEN729.75 HIGH 734.2 LOW723 CLOSE 723.85

 

[sandygunnu]

Also NR 7 triggered on IBReal Fut with PH / PL as 52.1 / 51.05 respectively.

It's also inside bar as well as H/L range is < 50% of ATR(10).

 

[angira]

Today watch,

relinfra pH-516.45, pL-504.4
sbin pH-1917.95, pL-1889.15

Happy trading,

angira...

 

[rh6996]

Today watch,

relinfra pH-516.45, pL-504.4
sbin pH-1917.95, pL-1889.15

Happy trading,

angira...

In fact it was NR9 yesterday. Has been in narrow range for 4/5 days with narrowest being yesterday!
Any pointers on how to trade this set up?

 

[sandygunnu]

Can somebody pls. help me in enabling PM messaging, I am new to this forum and couldn't find the link where I can enable PM messaging. Many thanks in advance.