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Trading NR7 setup

Discuss Trading NR7 setup at the Advanced Trading Strategies within the Traderji.com; Originally Posted by AW10 [B]3) So on NR7 day (one can easily find this by ...


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  #21  
Old 18th June 2009, 11:05 PM
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Default Re: Trading NR7 setup

Quote:
Originally Posted by AW10 View Post
[B]3)

So on NR7 day (one can easily find this by last 15min of the day that we are going to get NR7 day today or not.. and even if it is missed by few points that shd not matter), lets we buy ATM straddle (4500 C+4500 P).
On next day, when mkt breaks-out of NR7 range (say downward break), then we sell the losing Long call leg of straddle. and convert remaining Long Put leg into bearish put strategy by selling lower level put.
say 4400 P). So now our new position is = bearish 4400-4500 put spread. As market falls, this spread will gain in value because the Delta of 4500 Long put is lower then Delta of short 4400 put..giving
us net negative delta . That means as market falls, out bearish position will gain.
(hope I am not confusing you here)

If one is aggressive risk taker, then instead of spread, we could very well live with long put 4500 position after closing the call position.

Each of these alternatives have their advantages/disadvantage so certainly, decision making here is not a binary choice..

Happy Trading.
Quote:
Originally Posted by thesaint View Post
Mr. AW10 thank you for the reply but i would like to ask u that if the NR7 = yes flag appears then we buy or wat pls do explain it sir pls one example or an illustration for buy sell with this intraday trading system

hope to hear soon

regards
thesaint , i think AW has already answer your question....

if not clear , you can ask further


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  #22  
Old 18th June 2009, 11:54 PM
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Default Re: Trading NR7 setup

Thanks myvineet Mr. AW10 sir as i did not understand the NR7 setup i would like to have an illustration regarding buying and selling through the NR7 trading strategy pls do illustrate it with an example it will be really nice of u

hope to hear soon

regards
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  #23  
Old 18th June 2009, 11:56 PM
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Default Re: Trading NR7 setup

Quote:
Originally Posted by thesaint View Post
Mr. AW10 thank you for the reply but i would like to ask u that if the NR7 = yes flag appears then we buy or wat pls do explain it sir pls one example or an illustration for buy sell with this intraday trading system

hope to hear soon

regards
There is no system yet around it.Please go thru da thread before posting some questions!!!!!!!!!!!!!
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  #24  
Old 19th June 2009, 12:07 AM
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Default Re: Trading NR7 setup

ankitgarg20 just tell me wat is ur understanding regarding the nr7 trading steup wat did u understand and how will u trade using the NR7 tradin setup

hope to hear from the gr8 master who understood it very well
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  #25  
Old 19th June 2009, 12:17 AM
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Default Re: Trading NR7 setup

Hellow today is my day to join.

for nifty any tool is Is available for at least 30-40 points confirm variation. And how to carry position either buy or short

NRD
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  #26  
Old 19th June 2009, 12:27 AM
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Default Re: Trading NR7 setup

realy nice thread . keep it up ji . can i use it for medium amound scripts like tatasteel , rcom ? pls tell me sir .
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  #27  
Old 19th June 2009, 01:54 AM
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Thumbs up Re: Trading NR7 setup

Quote:
Originally Posted by thesaint View Post
Thanks myvineet Mr. AW10 sir as i did not understand the NR7 setup i would like to have an illustration regarding buying and selling through the NR7 trading strategy pls do illustrate it with an example it will be really nice of u

hope to hear soon

regards
As of now what discussed and the logic behing trading NR7 pattern is we have to go long if break is above high of NR7 day with sl of low of NR7 day, and short below NR7 low with sl of high of NR7 Day.

As trading setup is not yet finalised to we cant straight trade on the pattern, but this is just a rough idea abt the pattern. after backtesting and paper trading we will be able to keep our sl and RRR.

for simple example today we found some NR7 stocks in nifty stocks like
Bhel, Gail, Hdfc Bank, Itc, Mahindra and Mahindra, Siemens, Tata Communication Ltd, Tata Motors.
So just watch high and low of all these stks tomo and just see the moment once H/L is broken.

For these only all are here to make a trading setup where all rules of the pattern will be finalised.

So just will have to see how everything goes ahead.

AW10 Sir if need any help for data of any stock, pls tell, will do what ever poss for me.
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  #28  
Old 19th June 2009, 06:32 AM
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Thumbs up Re: Trading NR7 setup

Quote:
Originally Posted by thesaint View Post
ankitgarg20 just tell me wat is ur understanding regarding the nr7 trading steup wat did u understand and how will u trade using the NR7 tradin setup

hope to hear from the gr8 master who understood it very well

Perhaps if you can tell us what you did not understand, someone can help you out

Have a nice day
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  #29  
Old 19th June 2009, 08:39 AM
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Default Re: Trading NR7 setup

we have to appreciate AW10 for sharing his idea eventhough it was in basic stage. We will wait for betterment and trading rules from AW10 for this setup. personally what i feel it was a breakout from congestion of prices, it should be easily visible in charts.
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  #30  
Old 19th June 2009, 11:11 AM
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Default Re: Trading NR7 setup

Thanks dear AW10 saw this thread today will read it from begining

thanks again

Regards
Satya

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