NR21 BY :Nidhish
Posted: Sat May 16, 2015 8:33 pmHi All
NR21 means Narrow Range bar of last 21 days.
Many people are profitably trading on NR4 and NR7 setup. NR21 is just a next step of these setups.
Why we should follow NR21 instead of NR4 / NR7 ?
Too many stocks comes while scanning for NR4/NR7 which creates confusion which one to select for next day trading and which one to leave. Too often we see that our selected stock on NR7 did not performed well but the one which we did not traded is doing very well.
Stocks falling in NR21 are lesser in comparison of NR4 and NR7 so we have to track lesser stocks
Some times NR4 and NR7 just happen because over all market traded in small range or may be because particular sector traded in small range.
This problem is reduced to greater extent in NR21
How to Trade these setups
Buy above high of NR21 or short below low of NR21
Stop-loss: 1 %
Target 1%
Just MY view Happy Trading BY :Nidhish
NR21 means Narrow Range bar of last 21 days.
Many people are profitably trading on NR4 and NR7 setup. NR21 is just a next step of these setups.
Why we should follow NR21 instead of NR4 / NR7 ?
Too many stocks comes while scanning for NR4/NR7 which creates confusion which one to select for next day trading and which one to leave. Too often we see that our selected stock on NR7 did not performed well but the one which we did not traded is doing very well.
Stocks falling in NR21 are lesser in comparison of NR4 and NR7 so we have to track lesser stocks
Some times NR4 and NR7 just happen because over all market traded in small range or may be because particular sector traded in small range.
This problem is reduced to greater extent in NR21
How to Trade these setups
Buy above high of NR21 or short below low of NR21
Stop-loss: 1 %
Target 1%
Just MY view Happy Trading BY :Nidhish