Trading NR7 setup

Discussion in 'Advanced Trading Strategies' started by AW10, Jun 17, 2009.

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  1. myvineet

    myvineet Well-Known Member

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

    if not clear , you can ask further
     
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  2. thesaint

    thesaint Member

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    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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  3. ag_fx

    ag_fx Well-Known Member

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    There is no system yet around it.Please go thru da thread before posting some questions!!!!!!!!!!!!!
     
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  4. thesaint

    thesaint Member

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    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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  5. rahuldn1972

    rahuldn1972 New Member

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    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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  6. bpradipkumar

    bpradipkumar Member

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    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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  7. rohangawale

    rohangawale Well-Known Member

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    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.
     
  8. Rajadhiraj

    Rajadhiraj Well-Known Member

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

    Have a nice day
     
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  9. vijayakishorebabu

    vijayakishorebabu Active Member

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    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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  10. Satyen

    Satyen Well-Known Member

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

    thanks again

    Regards
    Satya
     
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