What is NR4 and NR7 Intraday Strategy for intraday trading?


Market goes through a regular contraction (i.e. daily trading range getting shorter and shorter) and expansion (i.e. daily trading range getting bigger) cycle. The trade setup is to wait patiently for market to enter in contraction i.e for range of the bars to reduce, once you spot NR4 or NR7,  you will bet that bigger … Read more