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  • #301
  • Feb 6, 2022 8:19am Feb 6, 2022 8:19am
lastly about rsi...
1) depends on what setting are used . rsi 6 will cross 50 much earlier than rsi 14 0r rsi 21.( same is true for all other oscillators like macd, stochastics, tdi, cci etc)
indian markets are 6 hrs a day. so on hourly chart i use 6 and 12 rsi, means that i understand what is happening in the last 2 daily candles. i am not concerned what happeneg 14 or 21 days back.
2) rsi above 50 is uptrend and below 50 is downtrend.
rsi between 60 to 80 is strong uptrend,
when rsi goes beyond 80 you have to consider taking profits off the table.
3) rsi 6 crossing below 12 and/or both crossing 50 in opposite direction ..... get out of the trade irrespective of profit and loss.

that is the logic behind the charts
  • #302
  • Feb 6, 2022 8:21am Feb 6, 2022 8:21am
so for 4 hr/daily charts rsi setting should be according to weekly candles if this logic has to work.
  • #303
  • Feb 6, 2022 8:29am Feb 6, 2022 8:29am
Quoting walvekarraje
{quote} sir, the use of color ma is th make reading the chart easier. just a change in color will tell you compression or expansion long before it is evident to naked eye otherwise. change in channel color will make entry or exit easier. take a note of the yellow color on the line this,is the only leading indicator i know. change from red to yellow to blue...... points to the exact single candle where uptrend is resuming. (and it is non repainting..... all our indicators are, except zigzag){image} also note the rsi in color. one glance at the chart...
Thank you! I don't think I have seen this explanation before. And without the price bars we can see the various lines very clearly. I can see how useful it would be. The only Walvekar rules I know are the ones we have already put into the document we posted. Perhaps we should add a bit to it and link the two?
  • #304
  • Feb 6, 2022 8:36am Feb 6, 2022 8:36am
Quoting oohoo
Do you have an idea why this entry would have failed? (I didn't take the trade, just researching). It's 1st pullback. 50% retrace is in place. RSI cross in place. I don't mean to say that all trades must be winners, maybe it's just one of those non-winners? Or was there something about the setup, which should have alerted me? {image}
" it's just one of those non-winners?"
yes. dont expect all trades to be winners. there is no holy grail.

"Or was there something about the setup, which should have alerted me?"
i see it is a hourly chart. so,
how many hourly candles in your day?. if it is more than 6 hrs, you should change your rsi setting according to my previous post and probably you will find your answer.
  • #305
  • Feb 6, 2022 8:42am Feb 6, 2022 8:42am
Quoting Spudfan
{quote} I'd be interested to see the standard Guppy chart for this instrument. Could you do that?
if we use one templete at least for discussion, it will be easier.

and yes, we will upgrade the document as our understnding grows.
  • #306
  • Feb 6, 2022 10:38am Feb 6, 2022 10:38am
Quoting walvekarraje
{quote} sir, the use of color ma is th make reading the chart easier. just a change in color will tell you compression or expansion long before it is evident to naked eye otherwise. change in channel color will make entry or exit easier. take a note of the yellow color on the line this,is the only leading indicator i know. change from red to yellow to blue...... points to the exact single candle where uptrend is resuming. (and it is non repainting..... all our indicators are, except zigzag){image} also note the rsi in color. one glance at the chart...
I have managed to put together most of the elements in your template. It took a bit of fiddling, but I've got it. My Guppy lines don't look exactly like yours. I used 30, 35, 40, 45, 50 and 60.

Also, what settings do you use for your Zigzag triad lines? The one you posted has 12, 5 and 3 but it is significantly different from what appears on your chart.

Finally, as 50% is a key RSI level in your system, I'm curious to know why you don't show this level in the RSI window?

Attached Image (click to enlarge)
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  • #307
  • Feb 6, 2022 10:55am Feb 6, 2022 10:55am
Quoting Spudfan
{quote} I have managed to put together most of the elements in your template. It took a bit of fiddling, but I've got it. My Guppy lines don't look exactly like yours. I used 30, 35, 40, 45, 50 and 60. Also, what settings do you use for your Zigzag triad lines? The one you posted has 12, 5 and 3 but it is significantly different from what appears on your chart. Finally, as 50% is a key RSI level in your system, I'm curious to know why you don't show this level in the RSI window? {image}
thank you for your efforts sir.
for your convinience, i have made a template with your choice of colors

red and blue. my color is yellow

one tempete is only guppy without candles
one is with guppy with candles
ST guppy are 3 to 9 as we are using 10 ema channel high low

the zig zag is 12 5 30

Attached File(s)
File Type: tpl GUPPY MMA 2.tpl   10 KB | 329 downloads
Attached File(s)
File Type: tpl GUPPY MMA 1.tpl   10 KB | 333 downloads

i request to use this templete for further discussion.

you will need to change the rsi settings as per your daily/weekly candle

  • #308
  • Feb 6, 2022 10:57am Feb 6, 2022 10:57am
When 1 EMA fails, lets add 13 more maybe one of them holds ?
Yes I have read a book but do you need 14 EMAs ?
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I might be wrong , I have been wrong before
  • #309
  • Feb 6, 2022 11:02am Feb 6, 2022 11:02am
these are the only charts available on my mt4 platform. but i am not sure they will match to your charts because of different time zones.
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  • #310
  • Feb 6, 2022 11:21am Feb 6, 2022 11:21am
Quoting Mandariin
When 1 EMA fails, lets add 13 more maybe one of them holds ? Yes I have read a book but do you need 14 EMAs ? {image}
your answer is in the first post of this thread

Quoting twoblink
GMMA for VT. Screen Shot included. If you don't know what that is, don't ask me, ask google please. {file} {image}
  • #311
  • Feb 6, 2022 11:26am Feb 6, 2022 11:26am
Quoting Mandariin
When 1 EMA fails, lets add 13 more maybe one of them holds ? Yes I have read a book but do you need 14 EMAs ? {image}
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i am a cancer surgeon dear.
  • #312
  • Feb 6, 2022 11:32am Feb 6, 2022 11:32am
I have been thinking that while we are in this learning process from Dr Walvekar that we should stick to his exact system and let him guide us, at least for a while. At least until we are all familiar with it. So even though I might consult the clean Guppy charts or whatever else we might look at, let's keep it out of this conversation.

And ignore challenges such as the one just posted.
  • #313
  • Feb 6, 2022 11:37am Feb 6, 2022 11:37am
Quoting walvekarraje
{quote} {image} i am a cancer surgeon dear.
What your point ? I ask do you need 14 EMAs ?
Maybe these losses are from results from following GMMAs ?
I have made turn around. Up 19 % this year. And setup is clean
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I might be wrong , I have been wrong before
  • #314
  • Edited 1:10pm Feb 6, 2022 12:56pm | Edited 1:10pm
Quoting Mandariin
{quote}I have made turn around. Up 19 % this year. And setup is clean {image}
i am sorry mandariin.
its me,spudfan,and oohoo active on this thread.
can youn help us/guide to improve ?
  • #315
  • Feb 6, 2022 11:53pm Feb 6, 2022 11:53pm
todays trade . entry candle marked with arrow
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and targets
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  • #316
  • Edited 12:42am Feb 7, 2022 12:32am | Edited 12:42am
Quoting walvekarraje
todays trade . entry candle marked with arrow {image} and targets {image}
Thanks walvekarraje, this is useful because it allows the rest of us to look more closely at how you interpret trends and pullbacks - that's a topic that has attracted a number of questions recently. "When is a pullback not a pullback" kind of thing.
  • #317
  • Feb 7, 2022 2:01am Feb 7, 2022 2:01am
T 2 easily acheived. partial profit booked. rest target to T 3. SL trailed to T 1
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  • #318
  • Feb 7, 2022 2:32am Feb 7, 2022 2:32am
Quoting Spudfan
{quote} I'd be interested to see the standard Guppy chart for this instrument. Could you do that?
These are standard settings as far as I'm aware - EMAs of length 30, 35, 40, 45, 50, and 60. RSI (6 and 12) and EMA-channel as per our recent discussions.
  • #319
  • Feb 7, 2022 2:38am Feb 7, 2022 2:38am
Quoting walvekarraje
{quote} if we use one templete at least for discussion, it will be easier. and yes, we will upgrade the document as our understnding grows.
I use TV, so my template looks different unfortunately.
Good point above about RSIs! I used same logic to experiment with BBs earlier in the days.
  • #320
  • Feb 7, 2022 2:48am Feb 7, 2022 2:48am
T 3 acheived
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note the rsi 6 is 11.... well below 20. usually this is good time to book profits irrespective of targets. chances of a pullbach now are very high.
also note how the previous support ( blue circles) is easily broken if the trend is strong.
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