Trading NR7 setup

[timepass]

Also USDINR falls under NR7. Both June and July contracts.

59.605 59.7725 - June
60.2325 59.7525 - July

But not the spot value. So I guess some caution is needed.

 

[Cubt]

Guys, when you are trading NR7 setup with positional/delivery, have you ever tried reversing the positions with increasing the lot size ? let me explain.

Take my example of Havelles:

I have bought one lot of Havelles @ 742 (NR7 High), the stock reached my 1:1.5 Risk reward target of 758 but i did not book profits at that time. Later the stock started falling and reached my Stop Loss 732(NR7 Low).

So I reversed my position as per NR7 setup and went short @ 732 but at the end of the trade the stock closed around 738, leaving me in more loss. So i squared off position in Loss. (10 + 6= 8000 Rs. loss) 500 is lot size

But what eventually happened is, stock fallen much and today touched low of 668. Yes I was not disciplined enough to catch this profit. 64 Rs per lot profit (RS.32,000)

What I learned is we all know that we should reverse the position when stop loss is hit,but if you increase your lot size when you reverse the position you gain much more.

When Stop Loss hit and if instead of shorting 1 lot @ 732, if shorted 2 lots @ 732, my profits would be 64,000 Rs.

I have just completed the back testing in Excel. What I have observed is

when your trade ends in loss, then reverse the position with 1+ lot. Keep adding it until you end up in profit.

Consider the below example of Jubliant stock:

19th April is the NR7 day. Next day the stock crossed NR7 low of 1153,so I went short of 1 lot at 1153. I hold the stock for few days. and the MtM is calculated till 25th April.

On 25th, my Stop Loss of NR7 high(1177) is triggered. My Loss was Rs.1500(-6 points*250 lot size)So I went long @ 1177 with 2 lots


I hold the stock for few days. and the MtM is calculated till 3rd May.

My Stop Loss of NR7 Low 1153 was hit again on 3 May. My loss was Rs. 15000 (-30 points* 2 lots=30*250*2=15000)

I went short of 3 lots at 1153. I hold the stock for few days. and the MtM is calculated till 10 May.

In the third trade, I was in profit. Now my total profit from 4th May to 10th May is 77 points. Profit is 77*250(lot size)*3 lots = 57750.

On the whole when i complete 3 trades, i end up 2 trades in loss 1500+15000 but the 3rd trade resulted in profit of Rs. 57,750.

Let me know in case of any questions.

 

[Biswajit Das]

nr7(cash)
abb 592 580 43820
bfutilitie 173.5 167.05 227382
chamblfert 35.8 34.4 1376975
hindalco 98.15 94.75 7980824
orchidchem 51.4 49.1 270153
rpower 63 61.3 4911186
sunpharma 959.15 942.65 1114908
tatasteel 270.35 262.3 5200901
nr7(fut)
hindalco-i 98 94.75
rpower-i 63.1 61.3
sunpharma-i 960.5 945
tatasteel-i 270.5 262.3

 

[Raghuveer]

Also 1st time, did scalping on Dlf n nifty futures. Just purely used stochastic oscillator, whenevr it reaches over bought area I just shorted and covered it when it reaches over sold region,. Nothing else.

Made few 1000'S and closed the trade. Am just curious to know did anyone tried trading with stochastic in intraday. ?

Smart_trade has an entire thread on oscillators. Start with How to trade with an oscillator.
That thread is continued here: How to trade with an oscillator Part 2.

Oscillators such as Stochastics,RSI,ROC are important tools in the hands of a trader trading on technical analysis. But oscillators are generally used in a wrong way and the common reaction of traders is to sell if the oscillator goes into overbought zone and buy once it moves in oversold zone.

The above is too simplistic way of trading with an oscillator

After ST's thread is finished look into this excellent thread by Raghav http://www.traderji.com/day-trading/40980-my-daytrading.html.

 

[Cubt]

USDINR :clap::clap::clap::clap::clap:

Yesterday I was short on USDINR as it trig erred NR7 low, but today I doubled the lot size and Went long after USDINR triggered NR7 high! :thumb:

Luckily, it's A massive run up today!

 

[Biswajit Das]

Smart_trade has an entire thread on oscillators. Start with How to trade with an oscillator.
That thread is continued here: How to trade with an oscillator Part 2.



After ST's thread is finished look into this excellent thread by Raghav http://www.traderji.com/day-trading/40980-my-daytrading.html.

:thumb::thumb:

 

[Biswajit Das]

NR7 STOCKS (CASH) FOR 27th JUNE/13
SCRIP HIGH LOW VOLUME
ACC 1176.75 1156.35 257095
APOLLOTYRE 57.8 56.05 8966799
CIPLA 381.5 377.6 1402616
HDFC 824.35 810 2554481
JSWSTEEL 658 639.3 1125174
LICHSGFIN 255.75 251.35 1574553
RELIANCE 814.45 801.1 3808494
RPOWER 62.85 61.2 4323590
SAIL 50.5 49.7 2650917
TATAPOWER 81.85 79.95 4219835
TATASTEEL 269.5 262.6 4283058

NR7 STOCKS (FUT) FOR 27th JUNE/13
SCRIP HIGH LOW VOLUME
APOLLOTYRE-I 57.85 56.1 8136000
BAJAJ-AUTO-I 1793 1766 870750
CIPLA-I 382 378.1 3755000
HAVELLS-I 682.9 670.95 555500
HDFC-I 812.05 797.85 5379000
INFY-I 2414 2374 1644500
JSWSTEEL-I 655.95 639.4 2836000
LICHSGFIN-I 256 251.3 3584000
RELIANCE-I 814.25 800.65 6348500
RPOWER-I 62.85 61.2 17932000
SESAGOA-I 135.5 131.85 3358000
STER-I 78.2 76.2 11324000
TATAPOWER-I 81.8 79.95 6384000
TATASTEEL-I 269.7 263.15 8374000

 

[columbus]

NR7 STOCKS (CASH) FOR 27th JUNE/13
SCRIP HIGH LOW VOLUME
ACC 1176.75 1156.35 257095
APOLLOTYRE 57.8 56.05 8966799
CIPLA 381.5 377.6 1402616
HDFC 824.35 810 2554481
JSWSTEEL 658 639.3 1125174
LICHSGFIN 255.75 251.35 1574553
RELIANCE 814.45 801.1 3808494
RPOWER 62.85 61.2 4323590
SAIL 50.5 49.7 2650917
TATAPOWER 81.85 79.95 4219835
TATASTEEL 269.5 262.6 4283058

NR7 STOCKS (FUT) FOR 27th JUNE/13
SCRIP HIGH LOW VOLUME
APOLLOTYRE-I 57.85 56.1 8136000
BAJAJ-AUTO-I 1793 1766 870750
CIPLA-I 382 378.1 3755000
HAVELLS-I 682.9 670.95 555500
HDFC-I 812.05 797.85 5379000
INFY-I 2414 2374 1644500
JSWSTEEL-I 655.95 639.4 2836000
LICHSGFIN-I 256 251.3 3584000
RELIANCE-I 814.25 800.65 6348500
RPOWER-I 62.85 61.2 17932000
SESAGOA-I 135.5 131.85 3358000
STER-I 78.2 76.2 11324000
TATAPOWER-I 81.8 79.95 6384000
TATASTEEL-I 269.7 263.15 8374000

Biswasjit,

Enclosing this data in "html tags" (<>) will help a little bit,like this.

NR7 STOCKS (CASH) FOR 27th JUNE/13	
SCRIP HIGH LOW VOLUME
ACC 1176.75 1156.35 257095
APOLLOTYRE 57.8 56.05 8966799
CIPLA 381.5 377.6 1402616
HDFC 824.35 810 2554481
JSWSTEEL 658 639.3 1125174
LICHSGFIN 255.75 251.35 1574553
RELIANCE 814.45 801.1 3808494
RPOWER 62.85 61.2 4323590
SAIL 50.5 49.7 2650917
TATAPOWER 81.85 79.95 4219835
TATASTEEL 269.5 262.6 4283058

NR7 STOCKS (FUT) FOR 27th JUNE/13	
SCRIP HIGH LOW VOLUME
APOLLOTYRE-I 57.85 56.1 8136000
BAJAJ-AUTO-I 1793 1766 870750
CIPLA-I 382 378.1 3755000
HAVELLS-I 682.9 670.95 555500
HDFC-I 812.05 797.85 5379000
INFY-I 2414 2374 1644500
JSWSTEEL-I 655.95 639.4 2836000
LICHSGFIN-I 256 251.3 3584000
RELIANCE-I 814.25 800.65 6348500
RPOWER-I 62.85 61.2 17932000
SESAGOA-I 135.5 131.85 3358000
STER-I 78.2 76.2 11324000
TATAPOWER-I 81.8 79.95 6384000
TATASTEEL-I 269.7 263.15 8374000

 

[Biswajit Das]

NR 7 STOCKS (CASH) FOR 28TH JUNE/13		
SCRIPS	HIGH	LOW
ADANIENT	194.4	186.6
AMBUJACEM	183.4	178
AXISBANK	1285	1263.7
BHARTIARTL	285.9	278
DCB	46.65	45.55
HINDALCO	97	94.8
JETAIRWAYS	445.2	434.35
MARICO	209.65	206
PARSVNATH	32.35	31
RANBAXY	320.8	315.1
RCOM	117.4	111.85
RELCAPITAL	330.35	321.3
SINTEX	38.9	37.4
TATAPOWER	82.45	80.7
VIPIND	51.5	49.6

I do not post NR7 Fut stocks due to last settlement day.

 

[Cubt]

Today's trade was in Axis Bank and RelCap.. thought it was a gap up in Axis,i entered in the opening Market Price itself. . squared off both positions.

Two days of huge bounce back in Markets.. So the trend reversed??