@Brijesh-Bhatia . Would appreciate if you could kindly resolve the query.
Amit Tuli
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@Brijesh-Bhatia. Good Afternoon Brijesh ji, hope you are doing well. I have just finished your course of HA candle stick and must comment the clarity the course has given me. Thank you so much for an informative session. It has completely changed my outlook, perspective and way of looking at price charts. I am reaching out to you on Forum with a query. I have a question regarding the medium/long term MTF strategy discussed in the Q&A conducted on 24 September 25 ( Time stamp : 49 minutes). I just wanted to clarify that the purpose of the daily TF is just to time entries and the stop loss is based of the weekly chart ( is my understanding correct) . Also, as the trailing SL on the weekly chart is a 11/13 period DC lower band, does it come in play on closing period or is set in the system as to whenever price hits it ? what if the price hits the SL and reverses ? Would appreciate if you could kindly help. Additionally, I have a question on the workflow of the strategy. Is the list which is generated, needs to be generated EOB on Friday ? Considering that monthly is Bullish + RSI and the week closing is also achieved as Bullish + RSI at end of week, the list can be used as a list for the upcoming week and the position is entered as to whenever the daily condition is met ? The new list is then generated on the next Friday and is used for the week after that . Is my understanding of the workflow correct ?
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Dear @Brijesh-Bhatia
Thank you for your reply. This is what I have been observing since I have dwelled deep into the BOLD BULLS strategy. I realized after observing that one cannot draw analogies of RSI on OHLC (Daily/Weekly/Monthly TF) and P&F (0.25%/1%/3%) the behavior is completely different. Additionally, you are absolutely correct in stating that once an instrument is flagged in daily scan of bold bulls (the weekly and monthly being locked) it will be result in a bullish pattern on P&F (a DTB on 0.25% or stay in column of X in 1%).
Would adaptive RSI (a bullish crossover or the bullish stance of adaptive RSI) be an appropriate indicator to be used on P&F as a confirmation of momentum rising in an instrument?
What I have been noticing is that after comparing both charts side by side (approximately for the same calendar time period) when RSI on an OHLC goes let's say hypothetically from, a zone of 80 to 60 the adaptive RSI gives a negative crossover and the moment the RSI rises back hypothetically from 60 (once momentum increases) it results in a bullish crossover on P&F.
Any other momentum indicator which you can suggest I could observe on P&F in case my observation is incorrect.
@Prashant-Shah would appreciate if you could comment please -
@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 -
@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
Question Regarding Strategy Discussed in Gurukul - Heiken Ashi Course
Question Regarding Strategy Discussed in Gurukul - Heiken Ashi Course
Quick Question Regarding the BOLD BULLS Strategy
Quick Question Regarding the BOLD BULLS Strategy
Quick Question Regarding the BOLD BULLS Strategy