Pre-Sales VIP Questions

[Learnbot]

I am not VIP member yet, however, thinking about subscribing to your discord and obtaining the "buy the dip" indicator. I just wanted to check something before I subscribe to VIP, would you be able to post an example of 1min chart for TSLA, Apple, ZM or whatever else stock you see fit (not penny stocks plz since I am not that educated to trade small caps yet). I wanted to see if Buy the Dip works for day trading as well as swing.

Edit: This thread has gotten very long. Added some info below for easier access to information.
Summary:
https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/page-23#post-89427

Helpful links for anyone interested in seeing how VIP members are using the BTD indicator to trade:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35088
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35087
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35117
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35171
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35819
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-39668
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40185
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40940
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-44869
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47726
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-48056
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-50020

Customer's reviews:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35938
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-36156
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-43881
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47162
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47463
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47627
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-53124

More reviews can be found here: https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/post-34186

 

[Randolph_Nomad]

HI BenTen,

Joined your regular user group and have been making great trades on gold and silver with the auto fibonacci. Does this work on gold/silve/copper futures?

 

[BenTen]

@Randolph_Nomad I've posted a few examples of the indicator on /ES and /NQ through this comment. I think it should work on gold/silver/copper futures as well. In fact, I believe @chewie76 mentioned that here as well.

 

[jnuke27]

Hey i just want to thanks BEN for having the BTD indicator. I'm having such a good record so far with this indicator. I havent' loss any trades yet, 10/10 just using it. This is the best indicator out there. I have much more confidence in my entry and exit now following his advice. I can scalp or swing trades these and it's working just fine. Thanks again BEN, you are the best.

Hey @vanphan , could you post a screenshot of the setup that you are using to trade. I am very interested in your approach to entering and exiting trades.

 

[Billions]

@arv06 For me BTD doesn't tell me when to sell or buy - it's just another arsenal in the tool chest to help foreshadow a price movement. At the end of the day an equity will go where the big fish wants it to go and all the indicators will follow along.

Hi How are you using this BTD when trading?

 

[Billions]

BEN, to answer some of these guys questions. This indicator works best for swing trades. I made a recent KBH (ticker ) call , when it showed up on the scanner , along with PEPSI. I made money on PEP the next day. KBH was down , but I hung on to it, knowing it will hit back up, YET it was down the next day but today it went back up and in the green. Today I place a call on ADBE at open (since I scanned it early in the morning. And with 1 contract earned me 350$, I avg up during the day on another dip and now I'm holding 2 cts. All went good, the chart is nice, it should shoot higher tomorrow. So my plan was to buy it at the end of the day and sell it at the end of next day or let it run up. If they're down, I'll wait a few days for it to gain traction again.

I sometimes earn me some quick bucks buy scalping using 1 mins and 3 mins chart. and they work flawless.

My set up was using BTD and STR , when it signals the BTD at minus, and STR at 100 is buy, and to take profit when STR at 0. I also use TMO , and Hull Concavity Upper to reinforce my decision to entry and exit. Thank You Ben. This is a 100% true testimonial.

So if anyone need helps using my setup and how I use your indicators, please post and I'll help out.

Hi Can you help and maybe show a screen shot how you are using the BTD to trade with success? Thank you

 

[GoldStriple]

Hi How are you using this BTD when trading?

@Billions - My trade plan/setup is a work in progress. at the time of this trade I was using the 1 hr and the daily side by side. I use the BTD Percentile and changed the fast and medium lengths to yellow arrows to tell me caution buys. The Yellow signals tell me to get ready. The long fired and it was bouncing off support and double bottom on the daily. I'm finding the BTD Percentile forces me to be patient and stop buying high which had been my trading weakness. Long calls just to see down days eat any premium I had.

since this trade my only chart will be the 2HR.

I hope this helps.

 

[vanphan]

@Billions @jnuke27 As you can see ADBE if you buy it at the EOD which when arrow show up, and STR is at 100 , that's when I would buy Long call.

For this one, The arrow shows up, I could buy in at EOD, and STR is also at 100.

This is the one 1min chart of CLX which i scalped and earned me some quick bucks.

Which scalping plan, sometimes STR wont give you the 100 value, so i don't use STR, but using Hull Concavity , TMO. When price is moving above the Hull line, and TMO is at green, I would buy in.

 

[vanphan]

I hope this would help since i'm new to all this scripts thing, i've learned everything from BEN, and he deserves all the credits.

 

[StrawberryFields]

My set up was using BTD and STR , when it signals the BTD at minus, and STR at 100 is buy, and to take profit when STR at 0. I also use TMO , and Hull Concavity Upper to reinforce my decision to entry and exit. Thank You Ben. This is a 100% true testimonial.

So if anyone need helps using my setup and how I use your indicators, please post and I'll help out.

I know BTD is the Buy the Dip, but what are STR, TMO and Hull Concavity? Are those scripts available somewhere or are they only for premium subscribers?

 

[BenTen]

@StrawberryFields

• STR (Sell the Rip): https://usethinkscript.com/p/original-conservative-btd-str-thinkorswim/
• TMO (True Momentum Oscillator): https://usethinkscript.com/threads/true-momentum-oscillator-for-thinkorswim.15/
• Hull Concavity: https://usethinkscript.com/threads/...ng-points-and-concavity-2nd-derivatives.1803/

 

[StrawberryFields]

I strictly do swing trading, no day trading, of options on all optionable stocks over $20. I'm looking at using the BTD indicator to find candidates to trade, which other indicators from this board have you found work successfully well for these type of trades?

Also, I'd like to use TPI to help determine when to exit these trades.

Other indicators to give confirmation to the BTD & TPI?

 

[BenTen]

@StrawberryFields The only indicator that I'm currently using is our BTD (Buy the Dip) indicator. I don't have anything else on my chart other than my support/resistance levels.

 

[StrawberryFields]

@BenTen How do you use an indicator to determine when to take profits, or just base it on support/resistance breaks?

 

[BenTen]

@StrawberryFields I use resistance levels.

 

[StrawberryFields]

@BenTen So you can use the BTD indicator in the scanner as well, correct?

Also, is there a script that generates support/resistance levels automatically that can be displayed on a chart?

 

[BenTen]

@StrawberryFields Correct, you can use BTD with the ToS scanner. We have some support/resistance scripts here. I don't use any of them. I draw my own levels.

 

[arv06]

@BenTen Thanks for the response. Just like buy the dip indicates buying opportunity, is there another indicator which tells me when to sell?

 

[BenTen]

@arv06 We all have different ways of taking profit (including myself), but there is the inverse of BTD that you can check here.

 

[barbaros]

@BenTen do you look for intraday trades or daily swing trades?

 

[BenTen]

@barbaros I rarely look for day trades, mostly swing trades for me.