/ES Futures Trading Strategy on ThinkorSwim

[RickK]

Doing some backtesting with fibs. Didn't realize this until now but the support this morning @ 3125.75 was dead on at the golden fib level

...... and was just about perfectly aligned with S1 with the Pivot_Points_Full indicator that day as well. Futures really respect those levels..

 

[Talochka]

It never ceases to amaze me how well the /NQ and /ES respect the pivot points....including the mid-pivots. Highly recommend laying this indicator over the top of your charts and just observe for a week. It's called PivotPointsFull.

https://tos.mx/OUD8wpZ

did you trade NQs with this set up and if yes, how do you find it?

 

[Talochka]

To all who share their wonderful knowledge , with gratitude
Happy New Year and best wishes!!!!!!

 

[maddy91]

@tomsk @blakecmathis @skynetgen and Everyone.
THIS has been an amazing post to follow. KUDOS to everyone, AMAZING JOB in Contributing to this great Strategy
I will be going over all pages again to gather as much as information as possible.
Having a though here, Would it be useful and possible to Create Some Labels on 1000t chart that show.
1-2000t CCI (Green or Red) - Green/Bull for Cyan when CCI trending upwards and Red/Bear for Purple when CCI Trending downwards
2- FE Below 0.4 Green , Above 0.4 Red
3- With some other Signal to confirm as well if possible Like $ADSPD , $TIKSP above or below a certain value.

Example, Just thinking out loud here:
Long : 2000t CCI Label Green/Bull, FE GREEN, $ADSPD, $TIKSP Increasing Or Above GREEN. ALL labels should be green to For LONG so it can be an easy visual
Vise Versa for Short.

Also, i am currently trying to backtest the Tend Reversal with StopLoss on the 1000t Chart. They also seem to work well and confirm with CCI,FE < 0.4


Thoughts on All above?
HAPPY NEW YEAR.

 

[BenTen]

@maddy91 Glad to hear that you’ll be reading this amazing thread (I know it’s 22 pages long). Kudos to your effort to learn

Just wanted to chime in real quick since you mentioned the Trend reversal indicator. That particular indicator will repaint. Therefore, it makes it harder to backtest. I would be careful when using it.

 

[skynetgen]

Hope you all guys had great holidays. Wish you good trading in new year!

I been working on new version of signals for oscillator. I normalized WT and merged it with RSILFE as a single oscillator . Basically I am looking at both WT and RSI and their relation towards middle/OB/OS and direction and each other.

- It is work in progress but seems promising direction.This is current version with current setting. Methinks there is a lot of potential to improve
https://tos.mx/sJVzRh8

 

[maddy91]

Some noob analysis on the setup, Couldnt post image , page does not let me.

 

[markos]

Some noob analysis on the setup, Couldnt post image , page does not let me.
Image

@maddy91 Welcome to useThinkScript! You almost had the picture. Somewhere on the upper right side of the Imgur post there should be 3 dots ... from there click get BBCode and just paste it directly here. Hope that works for you.

 

[Talochka]

Hope you all guys had great holidays. Wish you good trading in new year!

I been working on new version of signals for oscillator. I normalized WT and merged it with RSILFE as a single oscillator . Basically I am looking at both WT and RSI and their relation towards middle/OB/OS and direction and each other.

- It is work in progress but seems promising direction.This is current version with current setting. Methinks there is a lot of potential to improve
https://tos.mx/sJVzRh8

It is a lot of work.

 

[RickK]

did you trade NQs with this set up and if yes, how do you find it?

@Talochka , yes..... I've been trading /NQ with it, but lately I've been trying to work it with /ES and /CL. I like to keep a little SPY screen over in the corner of my screen 2 so that I can see when it touches a significant level (such as vwap or a pivot point) because SPY sometimes hits those spots sooner than /ES. So, if I'm in a trade and I see /ES approaching vwap (let's say 4 ticks away), but SPY has already just touched it, I'll usually exit there and not necessarily wait for /ES to get there. Has saved me a few times.

 

[Talochka]

@Talochka , yes..... I've been trading /NQ with it, but lately I've been trying to work it with /ES and /CL. I like to keep a little SPY screen over in the corner of my screen 2 so that I can see when it touches a significant level (such as vwap or a pivot point) because SPY sometimes hits those spots sooner than /ES. So, if I'm in a trade and I see /ES approaching vwap (let's say 4 ticks away), but SPY has already just touched it, I'll usually exit there and not necessarily wait for /ES to get there. Has saved me a few times.

thanks a lot for answering, I was watching NQ today with this set up and like it. Thanks for letting me know about SPY, will watch tomorrow.

 

[blakecmathis]

It's been a great holiday break from the grind but getting back at it tomorrow and posting the usual setups, plays, and analysis as well as any modifications to the setup. Godspeed gentlemen

 

[blakecmathis]

@skynetgen I think we've talked about this before but do you think we could port the CCI/ATR signals from the 2000t onto the 1000t? At the very minimum I think we could alter the length, multiple, factor, etc. to replicate the 2000t. Just thinking out loud here.

Edit: That gamma pivot signal is beautiful dude.

 

[RickK]

thanks a lot for answering, I was watching NQ today with this set up and like it. Thanks for letting me know about SPY, will watch tomorrow.

Also @Talochka , take a look at the post I made awhile back.... just the first paragraph. More bang for your buck movement-wise being true, yet for some reason I've moved from /NQ to /ES. Possibly to be more in sync with the group here who are working this so successfully? IDK

https://usethinkscript.com/threads/es-trading-strategy-on-thinkorswim.987/page-20#post-11897
https://usethinkscript.com/threads/es-trading-strategy-on-thinkorswim.987/page-20#post-11897

 

[skynetgen]

@skynetgen I think we've talked about this before but do you think we could port the CCI/ATR signals from the 2000t onto the 1000t? At the very minimum I think we could alter the length, multiple, factor, etc. to replicate the 2000t. Just thinking out loud here.

Quick answer: the setting I use on 1k for STCCI are 1.3, 12, hull 100,50, 1.5. Though it is not exactly same result as on 2k.

p.s. Long answer: I am working on different set of indicators for 1k and 2k. For 2k (which might became 3200) I think about using this and merging it with STCCI to generate on signal https://usethinkscript.com/threads/need-help-with-top-ultimate-breakout-indicator.1243/page-3

 

[maddy91]

How does one decide on Stoploss with this strategy?,Everything matches up, CCI is Cyan , OS/OB is goin up, FE is up suggesting strong Move. But i just get 1.5 points and got out as it went down in red a little. It would have been atleast a 7-10 points if i stayed in.

 

[diego]

Hi, Maddy91 would be possible to get the link for tos for your posted chart.

Thank you,

 

[blakecmathis]

@maddy91 Yep and it could have just as easily turned against you and gone 7-10 points south. Nothing wrong with grabbing some green brotha!!! I use the Bollinger Band Stop Loss.

 

[maddy91]

Hi, Maddy91 would be possible to get the link for tos for your posted chart.

Thank you,

https://tos.mx/uu6a350 , i would suggest going over all 23 pages of this thread first .

 

[maddy91]

@BenTen @blakecmathis @markos @skynetgen thinking out loud, there should a chat option here too for a thread . that would be fun and helpful.