Trading NR7 setup

[Biswajit Das]

Canbank is trading now at 454, I have modified my stop loss at 447.60(low of prev 2 bar of 15 min chart).

booked profit in canbank.

 

[Biswajit Das]

Thats a Good pick, Biswajit. When Bank Nifty and Nifty are volatile, CANBNK scores high. Do you follow any specific pattern for Trailing Stop Loss?

Thank u cubt that u have appreciated my little effort. First stop loss is wide to avoid any sudden up and down and next I gradually follow and modify as per high/low of prev. 2/3 bar of 15 min chart. When I feel uneasy I get out with loss or profit.

 

[Cubt]

Another volatile seasion in Axis bank, Ranbaxy was in a narrow range throughout the day. Exited both the stocks @ cost price.

Still holding onto the positional trade in USDINR, with 20% profit.

 

[shruti.trader]

Another volatile seasion in Axis bank, Ranbaxy was in a narrow range throughout the day. Exited both the stocks @ cost price.

Still holding onto the positional trade in USDINR, with 20% profit.

I m trading daily n since 5 years on Inside bar pattern..

It works really good for me,specially in volatile mkts.




For example :-

I traded in Sunpharma future..

(I read your post on Page No 212)

you told to go Long in 52 Weeks high stocks..

1) Sunpharma was one.. i went long above 982.. it went to 1015.

2) Zeel fut.. above 250.. went to 252.75

3) Adani fut.. sell triggered below 237.. low n went to 231.

and many more.




I read ur few post.. u r daily saying.. yeh nahi chala .. n woh nahi chala..

Try inside bar.








Inside Bar scipts for 23 May 2013

1) BHEL FUTURE HIGH 207.5 L0W 201.75 CLOSE 203.3

2) LICHSGFIN FUTURE HIGH 279 LOW 272.5 CLOSE 276.3

3) ICICIBANK FUTURE HIGH 1210.4 LOW 1187 CLOSE 1194.95

4) IDFC FUTURE HIGH 161.25 LOW 158.35 CLOSE 159.15

5) JINDALSTEL FUT HIGH 310.35 LOW 303.2 CLOSE 304.15



Bhel and Lichsgfin looks good for tommorw to me.


Enjoy

Happy trading

 

[jain.er]

Hey Shruti Thx for the post

Can you please let us know how to get IB stocks

 

[Cubt]

@Shruti...

Do you mean to say that you trade only on NR7 Stocks which makes Inside bar pattern?

 

[Cubt]

In cash segment i could see the followings stocks are under NR7 with Inside Bar pattern for tomo's trade

ICICI Bank
IDFC
SRTRANSFIN
WIPRO

 

[shruti.trader]

Cubt , thanx you for sharing ur rules on Page 212.

I wish to share my experience and example i found today's trading.


Rules define by you..

Just wanna share few example

Here's the Trading Rules:

Here's the Trading Rules:

Always Choose Stocks which crossed 52 week High
Never Short the stock when NR7 setup gives you sell signal Since we deal with 52 week high stocks, these sell signals would be a false breakouts. Just skip the trade.
Get into the trade only when Buy signal is given by NR7 Setup

Above lines or Quote by u Cubt.



Yesterday Sunpharma and Lupin (52 week high stocks) n were in Inside bar pattern for today.


I traded in Sunpharma future.. above 982.. went to 1015.

Lupin didnt cross its yesterday high and broken its yesterday low ... so didnt traded which i didnt trade.

Yesterday Low of lupin fut was 765..After breaking 765- Today it went till 761.. and came up again to 770.
(False breakout)


Just wanted to share my experience.


I feel tommorw one.. should trade in Lichsgfin future.



Happy n safe trading

 

[shruti.trader]

Hey Shruti Thx for the post

Can you please let us know how to get IB stocks

Here is Code for --

Inside bar, NR4 , NR7 STOCKS --its amibroker exploration code...


Check it

_SECTION_BEGIN("NR7");

/*********** NR7 System for Chart and Exploration ***********************/

R = H - L;
NR7 = False;
NR4 = False;
m7 = m4 = idm7 = idm4 = idm = 0;

for(i = 7; i < BarCount; i++)
{
if( R < R[i - 1] AND R < R[i -2] AND R < R[i - 3] AND R < R[i - 4] AND R < R[i - 5] AND R < R[i - 6])
{
NR7 = True;
m7 = 1;
}
}

for(i = 4; i < BarCount; i++)
{
if((R < R[i - 1] AND R < R[i -2] AND R < R[i - 3] ) AND NOT NR7)
{
NR4 = True;
m4 = 1;
}
}
IDNR7 = Inside() * NR7;
IDNR4 = Inside() * NR4;
ID = Inside();
idm7 = IIf(IDNR7, 1, 0);
idm4 = IIf(IDNR4, 1, 0);
idm = IIf(id, 1, 0);

for(i = 1; i < BarCount; i++)
{
if(IDNR7 == IDNR7[i - 1]) idm7 = idm7 + idm7[i - 1];
if(IDNR4 == IDNR4[i - 1]) idm4 = idm4 + idm4[i - 1];
if(NR7 == NR7[i - 1]) m7 = m7 + m7[i - 1];
if(NR4 == NR4[i - 1]) m4 = m4 + m4[i - 1];
if(ID == ID[i - 1]) idm = idm + idm[i - 1];
}

MarkerIDNR7 = MarkerIDNR4 = shapeStar ;

Marker7 = shapeDigit7;
NR7Color = colorBrightGreen;

Marker4 = shapeDigit4;
NR4Color = colorLightOrange;

MarkerID = shapeHollowCircle;
IDColor = colorYellow;

IDNR7Color = colorBrightGreen;
IDNR4Color = colorLightOrange;

MarkerDist = L * 0.995;
IDNRDist = H * 1.03;

if(Status("action") == actionIndicator)
{
_N(Title = StrFormat("{{NAME}}, {{DATE}} ({{INTERVAL}}): {{VALUES}}") + ", Range=" + Prec(R + 0.00001, 2) + ","
+ WriteIf(IDNR7, EncodeColor(colorBrightGreen) + WriteIf(idm7 > 1, StrLeft(NumToStr(idm7), 4), "") + " IDNR7 ", "")
+ WriteIf(IDNR4, EncodeColor(colorLightOrange) + WriteIf(idm4 > 1, StrLeft(NumToStr(idm4), 4), "") + " IDNR4 ", "")
+ WriteIf(NR7 AND NOT ID, EncodeColor(colorBrightGreen) + WriteIf(m7 > 1, StrLeft(NumToStr(m7), 4), "") + " NR7 ", "")
+ WriteIf(NR4 AND NOT ID, EncodeColor(colorLightOrange) + WriteIf(m4 > 1, StrLeft(NumToStr(m4), 4), "") + " NR4 ", "")
+ WriteIf(ID AND NOT NR7 AND NOT NR4, EncodeColor(colorTurquoise) + WriteIf(idm > 1, StrLeft(NumToStr(idm), 4), "") + " Inside Day ", ""));

PlotOHLC(O, H, L, C, "Close", colorLightGrey, styleBar);
PlotShapes(IIf(IDNR7, MarkerIDNR7, shapeNone), IDNR7Color, 0, IDNRDist);
PlotShapes(IIf(IDNR4 AND NOT IDNR7, MarkerIDNR4, shapeNone), IDNR4Color, 0, IDNRDist);
PlotShapes(IIf(NR7 AND NOT ID, Marker7, shapeNone), NR7Color, 0, MarkerDist);
PlotShapes(IIf(NR4 AND NOT NR7 AND NOT ID, Marker4, shapeNone), NR4Color, 0, MarkerDist);
PlotShapes(IIf(ID AND NOT NR7 AND NOT NR4, MarkerID, shapeNone), IDColor, 0, IDNRDist);
}

if(Status("action") == actionExplore)
{
Filter = (m7 > 0) OR (m4 > 0) OR (idm > 0);

SetOption("NoDefaultColumns", True);

AddColumn(DateTime(), "DATE", formatDateTime, colorDefault, colorDefault, 96);
AddTextColumn(Name(), "SYMBOL", 77, colorDefault, colorDefault, 120);
AddColumn(R, "Range", 6.2, colorDefault, colorDefault, 84);
AddColumn(IIf(idm, 48 + idm, 32), "INSIDE", formatChar, colorYellow, IIf(idm, colorLightBlue, colorDefault));
AddColumn(IIf(m4, 48 + m4, 32), "NR4", formatChar, colorYellow, IIf(m4, colorBlue, colorDefault));
AddColumn(IIf(m7, 48 + m7, 32), "NR7", formatChar, colorYellow, IIf(m7, colorGreen, colorDefault));
}

/************************** END OF AFL CODE *****************************/

_SECTION_END();
_SECTION_BEGIN("Bollinger Bands");
P = ParamField("Price field",-1);
Periods = Param("Periods", 20, 2, 300, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
Color = ParamColor("Color", colorCycle );
Style = ParamStyle("Style");
Plot( BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(), Color, Style );
Plot( BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(), Color, Style );
_SECTION_END();

_SECTION_BEGIN("EMA");
P = ParamField("Price field",-1);
Periods = Param("Periods", 20, 2, 300, 1, 10 );
Plot( EMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
_SECTION_END();

Enjoy..


Happy n safe trading.

 

[Cubt]

Cubt , thanx you for sharing ur rules on Page 212.

I wish to share my experience and example i found today's trading.


Rules define by you..

Just wanna share few example

Yesterday Sunpharma and Lupin (52 week high stocks) n were in Inside bar pattern for today.


I traded in Sunpharma future.. above 982.. went to 1015.

Lupin didnt cross its yesterday high and broken its yesterday low ... so didnt traded which i didnt trade.

Yesterday Low of lupin fut was 765..After breaking 765- Today it went till 761.. and came up again to 770.
(False breakout)


Just wanted to share my experience.

Happy n safe trading

Hi Shruti,

Glad to know that the system I explained worked for you. I strongly believe that markets always follow certain pattern. Each and every stock follows it own pattern, everything in markets is all about Statistics, Math..

Once we are able to sync with the market movements, then that's it! No looking back, once we reach that then we would be involved only in limited trades with maximum profits.

i have been trading since 2007, seen bull market, witnessed bear market, have seen great collapse like Satyam.. Reliance Power IPO euphoria etc..

All these great movements in markets taught me many things. Now am spending my most of time on researching trading setups.

A successful trading setup should be very simple, where even a laymen should understand it. That's where am heading for !!