/ES Trading Strategy on ThinkorSwim

blakecmathis

blakecmathis

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Not gonna lie man I have no ever living idea who that is
 
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skynetgen

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@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
 
blakecmathis

blakecmathis

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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

blakecmathis

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

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

blakecmathis

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@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

J007RMC

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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

blakecmathis

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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.
 
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tomsk

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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

 
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blakecmathis

blakecmathis

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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

blakecmathis

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@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.
 
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tomsk

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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
 
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