Trading NR7 setup

WOD, do not predict that it will go down tomorrow but like a Pro trader, be prepared with your action plan for 1) if it breaks on upside 2) if it continues the fall or 3) goes sideway for another day.
Two NR days in close proximity indicates that market is trying to make up its mind hence indicision phase is resulting in NR days.
Once it makes up the mind, then we just got to follow it.

Lets not forget that we are near strong psychological support level of 4000, 50 dma is nearby etc. Selling near support is not what professionals do. They sell at the resistence and buy at the support. Whereas novice traders do the opposite.

Happy Trading

Hi All ........

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I am biased towards downward break.......have a look at big M formed in 5 min today.....

I am neutral. SPOT has made a high 10 pts over 4100 and low 10pts below 4080. Don't take sides just yet. Today has been an extremely narrow range. If the market hold for results then i think we may be taking a ride up. Hoping to see better results like last quater.

For today, even I have become neutral.....BBs running perfectely in parrelel....
but technical indicator telling me a ride down next week....Lets see, and LT, I really dont think if results matter much when market made up their mind...

Looking the ranges in the past few days, we had a really large range of 350pts on budget day. Without having a significantly narrow range preceding it. So it could be that the narrow range days are following the wide range days!?



WOD don't tell me that you are neutral and keeping wishing that 4000 will break on the other threads.
I know you are bearish and hoping for a crash to make windfall profits

thanks AW10 for these information for narrow ranges.

i want to know if we got NR7 and went long after its high was broken and next day we get another nr7 then could we trail our stop on new nr7 low or the older one

thanks