/ES Trading Strategy on ThinkorSwim

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skynetgen

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

blakecmathis

Active member
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@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.
 
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tomsk

Well-known member
VIP
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

blakecmathis

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

blakecmathis

Active member
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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
 
blakecmathis

blakecmathis

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

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@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
 
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skynetgen

Well-known member
Warehouse
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
 
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Talochka

Member
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
 
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tomsk

Well-known member
VIP
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
 
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Talochka

Member
@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
 
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tomsk

Well-known member
VIP
@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!

Code:
# 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

blakecmathis

Active member
Warehouse
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.

 
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tomsk

Well-known member
VIP
Should be a trend down day with AD at greater than -350
 

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