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how to select stocks for next trading session |
suppressemotion
White Belt
Joined: 21 Oct 2010
Posts: 293
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Post: #1  Posted: Tue May 31, 2011 9:14 am Post subject: how to select stocks for next trading session |
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hello fellow traders
i looking to learn a art of selecting a stocks for next trading session.if any of my friend who trade in stocks.can share his views here . how he select stocks. what parameters he uses volume,support, resistance, gainer, loser. it will be really appreciated.
thax
suppress
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #2 Posted: Tue May 31, 2011 11:09 am Post subject: Re: how to select stocks for next trading session |
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| suppressemotion wrote: | hello fellow traders
i looking to learn a art of selecting a stocks for next trading session.if any of my friend who trade in stocks.can share his views here . how he select stocks. what parameters he uses volume,support, resistance, gainer, loser. it will be really appreciated.
thax
suppress
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http://www.icharts.in/forum/rsi-2-trend-trading-set-up-t2660.html
try this link this may help u this is a set up i was using earlier trade in the direction of the trend .
http://www.icharts.in/forum/range-contraction-nr7-id-t2933.html
this NR7 link it might also help u
regds,
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suppressemotion
White Belt
Joined: 21 Oct 2010
Posts: 293
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| Post: #3 Posted: Tue May 31, 2011 11:20 am Post subject: Re: how to select stocks for next trading session |
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thax sherbaaz will read these threads. will contact u for further inquiry
thax alot
suppress
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suppressemotion
White Belt
Joined: 21 Oct 2010
Posts: 293
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| Post: #4 Posted: Tue May 31, 2011 8:37 pm Post subject: nr7 nifty |
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hello sher n rvg
i have uploaded excel sheet of of nifty for last few days can u please check that. correct me me if m wrong in formula. bcoz this is first time m using excell.
thax
suppress
| Description: |
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Download |
| Filename: |
nifty nr7.xls |
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211 KB |
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #5 Posted: Tue May 31, 2011 9:33 pm Post subject: Re: nr7 nifty |
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| suppressemotion wrote: | hello sher n rvg
i have uploaded excel sheet of of nifty for last few days can u please check that. correct me me if m wrong in formula. bcoz this is first time m using excell.
thax
suppress |
Hi,
I dont know abt the formula as I have not used it to calculate the nr7 but the best way to chk it is chkk on chart and see visually whether its and nr7 day or not.
regds,
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suppressemotion
White Belt
Joined: 21 Oct 2010
Posts: 293
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| Post: #6 Posted: Tue May 31, 2011 10:10 pm Post subject: Re: nr7 nifty |
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| sherbaaz wrote: | | suppressemotion wrote: | hello sher n rvg
i have uploaded excel sheet of of nifty for last few days can u please check that. correct me me if m wrong in formula. bcoz this is first time m using excell.
thax
suppress |
Hi,
I dont know abt the formula as I have not used it to calculate the nr7 but the best way to chk it is chkk on chart and see visually whether its and nr7 day or not.
regds, |
yup...that may be better idea.as i found excel difficult. but thax sher for your quick reply.
thax alot
suppress
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #7 Posted: Tue May 31, 2011 10:11 pm Post subject: |
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Hi suppress
NR7 is non-directional i.e. you can expect great movement after NR7 days but it does not indicate direction of movement.
I would suggest you
1. Try putting data in chronological order from top to bottom
2. Start calculating NR7 only after first 7 period
3. Also try to visualize the candle formation as suggested by Sherbaaz. You can also try this by calculating difference of close and open. My point is expectation of great movement is higher when there is Doji than in case of Marubazu
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