Dear Rakesh Sir,
First let me thank to SAINT Sir, who have given this beautiful system to us and that too in simple language.
Thank you very much for starting this thread. It is very useful thing which you have started as there are many lwho have eager to learn thououghly the method but can not devote full time to learn. In fact I was looking for such EOD chart analysis since long time, and you have fulfilled my wish. Thans one again for your great work.
I have a doubt. It will be very helpful for me and other learners , if you & any experienced member can through some light on it. This is regarding Filter. As Saint Sir and you have mentioned that, everyone can use different filters depending on his backtesting results. But here I feel that ( I may be wong, as I am beginer & learner) it will involve subjectivity in trading and filter is the first thing which get you in and out of trade.
In my opinion, there should be some standardisttion for deciding filter so than we can say that it is "THE PLAN". Main objectve of any trading plan is "PROFIT". So, Say if in todays scenario, when nifty is trading around 2500, and, for eg, we are using 12 as filter for first entry , which comes to be approximately 0.5% of nifty value. So when nifty will trade at , Say 3500, the filter is 0.5% of 3500 i.e. 17 point. Is it like that ? Will it remove subjectivity in filters? Because our trading methodology is same for all, hence filter should also be same .For eg, if 12 filer, is showing good result, then it should show same result to all and all will benefit.
Hope I am able to explain what I mean. Being you & seniors are well conversent with the method, I am sure, you can arrive at some conclusion in developing methodology for filters.
Thank you.
Manoj