Trading NR7 setup

NR7 Stocks Triggered on 22 Dec:

AW, In Nifty Spot May 2003 you have correctly pointed out that there are no NR7 bars!!! That is to say none are there in Calendar Month May 2003, however if we take a look at the Spot Data for the period of May futures which commenced on 25th April 2003 then 29th and 30th April 2003 have NR7 bars!!

Thanks Sunil for sharing the seasonal tendency of NRx with NF data.
by the way, 2 simple questions
1) how do u adjust your NF data on expiry of one series to another. Say on day 1 of new series, u lookback at the range from current series.. or u look at the range of last 6 days of prev series and 7th day of current series.
(I guess, the range of two contracts should be very similar)

2) you are using range as % of opening price. Any special reason to use open price here. Generally I have seen most of analysis using close price for such % calculation.
I reality, it shdn't matter much in this case cause in 1 to 2% change in denominator will not change the effective %range number too much.

Just wanted to know your thought process..
Thanks again for showing the output.

Happy Trading

Though we got NR500++ on nifty fut, still we may not see big moves on nifty because VIX is below 20 which is 16 months low.
is it fair to judge nifty movement based on VIX??

1. As learnt from Asish Da during my initial days, and after realising it myself, I have chosen only F-1 data till the last date of expriy.
- same reason

2. I think somewhere in this thread I had come across a post which advised to look into % terms of the NF price (2009 has seen 2500 to 5000+) and not just the absolute difference between HOD & LOD. I think this was by you or "Lazytrader" - i m not sure.
From that day, I incorporated this % thing in my mechanical system excel file. I had initially decided to take as a % to the LOW price - then I thought that on big move days, this LOD may not provide a correct picture from intraday trading view (my bread-n-butter). Hence, I chose the OPEN price as base, as that provides a platform to rest of the day trading. Even a candlestick's colour is decided, not by High & low, but by Open & close.
Like yesterday, the OPEN was equal to LOW, and upmove just build itself with LOW as key support level.
Vice versa, when we have OPEN = HOD...
- this good observation was made by "nagendra_gb" :thumb: during my initial days.

yaar rohan, every december, Nifty suffers from bad cold - it requires a strong doze of Vicks (Vix) everyday...
ultimately, after some new year booze, it comes out of hangover and then sings - "talli main talli, main talli ho gaya"
:cheers:

bracing up for upcoming 4 days of holidays - friday to monday


AW10, I request you to inaugurate the 2010 calender, just like you did here in 2009.
Please, if possible, include holidays of Hong Kong (Hang Sang) and Europe.

PT brother has done it already for Indian markets
http://www.traderji.com/day-trading/32562-trading-pt-style-272.html#post395594

For those looking for a long list...(Sorry for posting late..)

http://img132.imageshack.us/img132/6922/22dec09nr4nr7.png


thanks
VK

:clapping:

Say hello to WR-17...
check out open & LOD price

Would love to see WR-33 :lol::lol: