/ES Futures Trading Strategy on ThinkorSwim

[skynetgen]

@tomsk @Talochka I'm pretty sure the PSAR stop loss that @skynetgen uses isn't the standard study in TOS but I could be wrong. It is modified in one form or another.

Actually it is pretty much standard psar. The stops are pretty close to bb stops system you use.

They are all of same family of ATR based stops

 

[ktp]

https://tos.mx/z4iTUQL

Thanks. But was hoping to check out the S/R lines you have on the 1000 tick chart, which didn't seems to pull up.

 

[blakecmathis]

CHOP-A-PALOOZA UPDATE

Long @3134.5 with breakout of triangle
Exit @ 3137.25 - overnight resistance

Short @ 3136.25
Exit @ 3133.75 - classic ES shelf setup @ 3133.50

 

[blakecmathis]

@ktp I'll be sure to keep my drawing set on there next time man

 

[LouChez]

@blakecmathis what are the white arrow tips on the top of the lower indicator area?

 

[blakecmathis]

@LouChez Freedom of Movement

 

[blakecmathis]

 

[skynetgen]

That was beautiful W but I hesitated to go long into EOD. expected sideways close

 

[blakecmathis]

@skynetgen That one lone pull back candle to 3134.50 at 2:24........yeah I had parked a long order at 3135 expecting exactly that (either 3134.50 or 3134.75) but didn't have the balls to see it through.

 

[J007RMC]

Well I'm curious is there a script that picks out/ draws the triangles.... not lazy just curious.. I entered RL today using the 512t chart and it is a beautiful chart.

 

[blakecmathis]

I was just thinking the same thing the other day dude. That would be quite a feat to be able to code something like that.

 

[tomsk]

Well I'm curious is there a script that picks out/ draws the triangles.... not lazy just curious.. I entered RL today using the 512t chart and it is a beautiful chart.

@J007RMC The closest script that might do something like you're looking for probably is something like the Harmonics and Fractals study that was undertaken by somebody. You can read about it here, just posting info to share with you

https://usethinkscript.com/threads/...igzag-bat-butterfly-abcd.69/page-3#post-10359

 

[Talochka]

E V E R Y B O D Y!!!!! Thank you for this thread. Great sharing.

 

[muztem]

also you can use wolf waves

 

[blakecmathis]

Probably not going to trade tomorrow. Day before thanksgiving with overnight ATH. Would have to be something beautiful for me to jump in. I will keep my news feed active however just in case there is something regarding the trade deal with China. Happy thanksgiving gentlemen!

 

[blakecmathis]

@tomsk The script you suggested is simply just a high/low zig zag that does not show the triangle formations we are looking for. I can draw trend lines all day long looking for M/W patterns. Any knowledgeable trader can do that without drawing trend lines. And I don't need a study to do that for me. What I am looking for is an indicator that can plot exactly what I drew on the 1000t chart over the past two days: simply a triangle formation looking for a breakout. A lot of times the triangle can be forming right in front of your face and you don't even know it. That is what I seek to accomplish here. In the words of Maverick, "You don't have time to think up there. If you think you're dead". The goal in my mind of a triangle formation ON A TICK CHART would be to eliminate hesitation/time. Over the past two days I am 4/4 playing these formations.

 

[tomsk]

That message basically directed @J007RMC that someone else did quite a lot of work on patterns and if anyone was interested they might approach the original code writer for assistance as such patterns are rather complex to plot on charts

 

[skynetgen]

https://imgur.com/a/BJjg8sv

 

[skynetgen]

Would be nice to formulate rules for in trend re-entries for strong trending day like today

 

[blakecmathis]

@skynetgen I was thinking the exact same thing man. Picked up a couple quick scalps off some head and shoulders patterns but other than that I've been sitting on the bench watching this play out.