Quick Question Regarding the BOLD BULLS Strategy
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@Brijesh-Bhatia ji , greetings. Being a passive investor, I am a big fan of your investing strategies like the laid back and vridhi. Learning how to trade after retirement is both exciting and eye opening and in the meantime while I am learning the tricks of the trade, using your strategies to use my spare capital generate income is quite motivating. While reading through the definedge blog, I came across another such strategy presented by you , the BOLD BULLS. Being a big fan of momentum myself and seeing the flavor of it being used in both laid back and vridhi, this makes sense as a perfect small/medium term holding strategy.
Had a quick question though, the conditions to enter and exit is perfectly understood, however, does one need to buy on a specific price pattern/breakout pattern/ or market price as soon as the instrument pops in on a multi time frame scanner (maybe around previous day's closing price, on similar grounds of laid back and vridhi?). Also, as this strategy works on a multi time frame logic, the entry will be based on EOD levels can one use a DTB on probably 0.25% box size on a P&F chart ? ( dipping my feet into P&F as well).
Would appreciate if you could help.Thanks
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@Brijesh-Bhatia
another obsertvation, if one was to draw analogies to a daily,weekly,monthly TF for OHLC with respect to RSI, the result was a bit skewed on a P&F on 3%,1%,0.25% with respect to RSI. Can one use only 1 TF in P&F (0.25% or 1%) on a follow up pattern as long as the RSI on that chart/percentage is above 60 ?
Thanks in advance
