/ES Futures Trading Strategy on ThinkorSwim

[blakecmathis]

Yeah I'm thinking between 35-37

 

[blakecmathis]

Really wish Kudlow would just keep his damn mouth shut

 

[blakecmathis]

Chop update

 

[LouChez]

Chop update

Thanks for continuing to post -- honestly, the only thread I actively track.

I got short in the same general area but did not close the position. What made you close it? Was that your original profit target or were you looking for more but saw the resistance and closed?

 

[blakecmathis]

@LouChez Essentially same fib target as the previous long play.

 

[KarlWolff]

Blake - Where can I find the BB Stops indicator you're using? Thanks...

 

[blakecmathis]

In the Warehouse my dude

 

[lzstock]

@blakecmathis Hi.. new to trading and new on this site. excellent site for learning. read thru this thread and have quick question please... can /ES strategy be used for trading UGAZ/DGAZ (/NZ) UWT/DWT (/CL) and stocks? please suggest

I have played with the items posted here in trading futures and regular stocks.

This is what I have found works the best for most stocks that are not high volume or after hours in the /ES

I run the think or swim on a 5 min ticker with slow stochastic then I compare what I see there with https://tos.mx/mWfhOCS with a time frame of 333. I basically try to buy when it comes off lows and short coming off highs. I only hold for maybe a percentage. The goal is to get in a out a few times a day with low risk. I avoid trading at the start of any trading markets and the end since the market can get out of wack.

Good luck

 

[skynetgen]

As predicted. I mean despite all the shenangians the MM sometimes are pretty damn transparent

https://imgur.com/a/9qyLOQQ

 

[Zulu_Trader]

I'm a newbie to shorter term trades and definitely to futures trades. However, I've placed two trades using the tools shared in this group and I felt comfortable with the indicators. Both were profitable, but I sold early (and I'm okay with that). Thanks to the group for your patience and willingness to share. You're making a difference.

Here's the most recent trade. Feedback is welcomed.

 

[lzstock]

I'm a newbie to shorter term trades and definitely to futures trades. However, I've placed two trades using the tools shared in this group and I felt comfortable with the indicators. Both were profitable, but I sold early (and I'm okay with that). Thanks to the group for your patience and willingness to share. You're making a difference.

Here's the most recent trade. Feedback is welcomed.

Money in the pocket is better than no money at all. What you did was a good trade. I was out at 3 ticks on that move. It was to close to the end of the day to risk it for me.

 

[Zulu_Trader]

Money in the pocket is better than no money at all. What you did was a good trade. I was out at 3 ticks on that move. It was to close to the end of the day to risk it for me.

It's exactly why I sold it so quickly. I didn't want the day to end. Thanks for the encouragement!

 

[dolomick]

@blakecmathis How long have you been trading? Nice trades very consistent. What are the horizontal price lines on your 1000t chart?

 

[horserider]

@blakecmathis Since you gave the idea of adding FE, I did so to a Deviation scaled VWAP I had for a while. Thought I would give you first chance to try it. Colored for above .618 , between and below .382. The above below .5 colors also included but commented out. So easy to switch color scheme.

https://tos.mx/zvgJhIr

 

[blakecmathis]

@Zulu_Trader That's a beautiful play right there man!! Doesn't get any better than that dude

 

[blakecmathis]

@dolomick About two years now man. It's been a grind for sure but the pieces are finally starting to come together.

 

[blakecmathis]

@horserider I like that a lot dude. I might run with that tomorrow. How'd you get to your .382 evaluation?

 

[horserider]

@blakecmathis Based on the levels in the RSI Laguerre for FE. Values above the FE .618 may signal trend exhaustion. Values below FE .382 may signal compression. According to the author of FE in the study. Adjust the length to your liking. I kinda liked the 55 length so that was coded in, no other reason. I do not trade futures so you may need to adjust it. Hope it helps.

 

[tomsk]

Here are the notes I obtained from Mobius in the thinkscript lounge some time ago. He says ...

Think of FE as high energy or low energy. If it is less than .38, it is running low on gas. If it is over .60, it is building energy. It’s a simple math construct that measures linearity. If price moves in a trend the values drop showing a straighter line in price. If price goes sideways, it rises showing less of a line and more random. Max range is 0 to 1.

 

[BenTen]

@tomsk Thanks for pointing that out. I thought the same as well. Just finished watching one of TheoTrade videos on it. And he said the same. @horserider I would consider looking at the indicator again. What you just said is the opposite of how the FE works.