/ES Futures Trading Strategy on ThinkorSwim

[tomsk]

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

The TICKS and AD are not extreme, reversals can happen anytime
My threshold is +/- 350

 

[blakecmathis]

@tomsk So AD crosses 350 threshold continuation of current trend? Or does +/- 350 indicate reversal?

 

[blakecmathis]

I've had this pulled up on my 30m chart ever since you recommended it but I'm not exactly sure what specific thresholds indicate brotha

 

[BenTen]

@blakecmathis I recommend watching this video

 

[blakecmathis]

Damn that was pretty informative. Appreciate it man! @BenTen

 

[tomsk]

@tomsk So AD crosses 350 threshold continuation of current trend? Or does +/- 350 indicate reversal?

Trend persists if AD > 350 or < -350
Otherwise we may see choppy or reversals, that is what i've observed

 

[skynetgen]

The TICKS and AD are not extreme, reversals can happen anytime
My threshold is +/- 350

mmm. Actually I threat it differently. 350-450 tick is perfect strong trend tick range. Its the 850+ spikes which usually signify end of trend
The thing is the volume in first 15 minutes, the weekly setup, the catalyst ( negative PMI) - all was very strong setup for downtrend
And there were opportunites with good RR stops. the whole 950-957 cluster was good if mindset was for continuation.
another decent point was 1017-1020 (not very good though as the trend ran hard smashing into hard support area)

TBH though i was biased for ranged day and expected bounce in expanding tri of 3135- 3140 area. That failed, but it would be good to actually to go for continuation there

p.s. I think though I agree that probably 400+ is better market for stronger overall market trend

 

[Talochka]

The TICKS and AD are not extreme, reversals can happen anytime
My threshold is +/- 350

HELP!!!
can you please explain what AD are you talking about?
thanks

 

[Talochka]

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

god bless you guy for all the help!!!!!

 

[tomsk]

HELP!!!
can you please explain what "3350' and AD are you talking about?
thanks

@Talochka You seem to have a typo. It's 350, and NOT 3350.
This is in reference to the S&P 500 that has a basket of 500 stocks.
AD 350 means that 350 stocks out of the 500 are advancing
AD -350 means that 350 stocks out of the 500 are declining

 

[Talochka]

@Talochka You seem to have a typo. It's 350, and NOT 3350.
This is in reference to the S&P 500 that has a basket of 500 stocks.
AD 350 means that 350 stocks out of the 500 are advancing
AD -350 means that 350 stocks out of the 500 are declining

thanks for clarifying, also where do you get info on advance decline number

 

[tomsk]

@Talochka Load the following on your charts, it will display the AD color coded.
I pulled that out from another study I posted maybe 1-2 weeks ago
Just for you my friend!

# AD Color Coded
# tomsk
# 12.2.2019

input ADSymb = "$ADSPD";
def AD = if !IsNaN(close(ADSymb)) then close(ADSymb) else AD[1];
AddLabel(1, " AD = " + AD, if AD < -350 then Color.Pink 
                           else if AD > 350 then Color.Cyan 
                           else if between(AD, -250, 250) then Color.White 
                           else Color.Yellow);

 

[blakecmathis]

@Talochka $ADSPD

 

[blakecmathis]

I didn't open a position until the afternoon due to the fact that I hadn't traded a single contract since last Tuesday. Felt a little out of sync I guess I don't know how else to explain it. Just wanted to kinda sit back and see how the morning panned out. Anyways here's my action from today.

 

[Talochka]

@tomsk thanks bunches

Snagged 10 points on /ES, good enough for lunch+dinner money!

very nice

 

[tomsk]

Should be a trend down day with AD at greater than -350

 

[skynetgen]

Should be a trend down day with AD at greater than -350

Disagree. Ill write more detailed analysis later, but there is more to market than just AD

 

[tomsk]

Disagree. Ill write more detailed analysis later, but there is more to market than just AD

No worries, every trader has different risk profile. Good trading @skynetgen
I do look at other metrics as well

 

[skynetgen]

My morning bottom play

 

[Shrum]

any other trades this morning?
Thanks for this thread, I find it very interesting