Trading NR7 setup
- Thread starter AW10
- Start date
- Tags narrow range nr 7 nr4 option trade
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Hi Satyen, I am saying what makes sense to me. That is because of the kind of trader I am. For you it may or not work. It is totally up to you to decide how to/whether to trade it.
Simple rules on which TA is based are: consolidation leads to break out/down, low volatility leads to high volatility (which is what the thread is about)
About the breakout/ breakdown itself, from any pattern, I frankly don't care because I analyse it before hand and have enties and stops worked out for both BO/BD.
We might be going on a tangent here...
@WOD
It doesn't matter where we think it is going to close, what matters is where it closes. 4132+ close would indicate strength. That's where I would refrain for opening fresh shorts. 4202+ close would be long for me. Are you looking for some level or just speculating
Simple rules on which TA is based are: consolidation leads to break out/down, low volatility leads to high volatility (which is what the thread is about)
About the breakout/ breakdown itself, from any pattern, I frankly don't care because I analyse it before hand and have enties and stops worked out for both BO/BD.
We might be going on a tangent here...
@WOD
It doesn't matter where we think it is going to close, what matters is where it closes. 4132+ close would indicate strength. That's where I would refrain for opening fresh shorts. 4202+ close would be long for me. Are you looking for some level or just speculating
Last edited:
Hi Satyen, I am saying what makes sense to me. That is because of the kind of trader I am. For you it may or not work. It is totally up to you to decide how to/whether to trade it.
Simple rules on which TA is based are: consolidation leads to break out/down, low volatility leads to high volatility (which is what the thread is about)
About the breakout/ breakdown itself, from any pattern, I frankly don't care because I analyse it before hand and have enties and stops worked out for both BO/BD.
We might be going on a tangent here...
@WOD
It doesn't matter where we think it is going to close, what matters is where it closes. 4132+ close would indicate strength. That's where I would refrain for opening fresh shorts. 4202+ close would be long for me. Are you looking for some level or just speculating
Simple rules on which TA is based are: consolidation leads to break out/down, low volatility leads to high volatility (which is what the thread is about)
About the breakout/ breakdown itself, from any pattern, I frankly don't care because I analyse it before hand and have enties and stops worked out for both BO/BD.
We might be going on a tangent here...
@WOD
It doesn't matter where we think it is going to close, what matters is where it closes. 4132+ close would indicate strength. That's where I would refrain for opening fresh shorts. 4202+ close would be long for me. Are you looking for some level or just speculating
Thanks laztrader ........ Yes the concept AW10 presented here as the same you are saying .... as market move lower volatility to higher volatility and vice versa ....
Even one can formulate a trading set up using this concepts ......
Waiing your valuable inputs how one can set up a trading method to positional trading using this concepts say break out from a consolidation
Hi Satyen, I am saying what makes sense to me. That is because of the kind of trader I am. For you it may or not work. It is totally up to you to decide how to/whether to trade it.
Simple rules on which TA is based are: consolidation leads to break out/down, low volatility leads to high volatility (which is what the thread is about)
About the breakout/ breakdown itself, from any pattern, I frankly don't care because I analyse it before hand and have enties and stops worked out for both BO/BD.
We might be going on a tangent here...
@WOD
It doesn't matter where we think it is going to close, what matters is where it closes. 4132+ close would indicate strength. That's where I would refrain for opening fresh shorts. 4202+ close would be long for me. Are you looking for some level or just speculating
Simple rules on which TA is based are: consolidation leads to break out/down, low volatility leads to high volatility (which is what the thread is about)
About the breakout/ breakdown itself, from any pattern, I frankly don't care because I analyse it before hand and have enties and stops worked out for both BO/BD.
We might be going on a tangent here...
@WOD
It doesn't matter where we think it is going to close, what matters is where it closes. 4132+ close would indicate strength. That's where I would refrain for opening fresh shorts. 4202+ close would be long for me. Are you looking for some level or just speculating
You will find your answer here in AW10's post. http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup.html#post323034 It is easier to trade this with options. Or else you have to wait for a Bo/BD the next day and then go with futures.
Today might be another narrow range day. But because of day before yesterday we may not get a NR4 even. However compared to the atr it would be a small range. (I was just comparing ranges to atr and found it a better way to calcuate NR days).
Today watching for a close above 4100 for neutral and 4140 for bullish bias.
Today watching for a close above 4100 for neutral and 4140 for bullish bias.
- Status
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