/ES Futures Trading Strategy on ThinkorSwim

[rad14733]

So if possible moving past this. If possible with the FE below the zero line and if it’s below that’s confirmation? If FE is high when the alerts trigger in main chart. Then it could be false signal ? And if both Tick charts correlate together then strong chance of true reading? That is what I’m kind of gathering

Doesn't Post #6 answer your question...??? FE = Fractal Energy... Hope this helps...

@skynetgen Correct the buy/sell signals are from the oscillator. Using 1000/1600 as support/resistance and the wave trend and FE as confirmation that a big move is coming or the current trend/cycle is out of gas. I use the 512 primarily just for picking my entry and exit.

 

[IThinkImLost11]

It does and it doesn’t. When the wave is lower that’s confirmation and stops false signals those would be the higher FE waves ? Trying to understand the Fe wave itself. That charts posted below are confusing. But seems to be entry for Kong’s as Fe is near bottom. And since this study was 2yrs ago I believe wanted to ensure the methodology is the same or has it changed

 

[rad14733]

It does and it doesn’t. When the wave is lower that’s confirmation and stops false signals those would be the higher FE waves ? Trying to understand the Fe wave itself

Google and research "fractal energy waves" for more information on that... All of the answers aren't here in the forums and may require independent research... One persons opinion may not give the best overview so check multiple sources...

 

[IThinkImLost11]

I will look into that today thank you.

 

[deansafeleen]

Anyone know if it is possible to modify this strategy to be used for longer term trading such as 1hr, 4hr, or on the daily chart? If so, how can that be done?

 

[mdtn]

@blakecmathis
Have you tried or considered trading UPRO (ProShares UltraPro S&P500) with this setup instead of /ES or SPY. Since it's a lot cheaper. We can buy common share instead of option.
Or if there are reasons you feel we should stick with /ES on this setup. Thanks!!!

 

[TraderKevin]

@blakecmathis
Have you tried or considered trading UPRO (ProShares UltraPro S&P500) with this setup instead of /ES or SPY. Since it's a lot cheaper. We can buy common share instead of option.
Or if there are reasons you feel we should stick with /ES on this setup. Thanks!!!

Since it's a lot cheaper? I promise you it will be a lot more expensive for you.

I'm sorry, but your question makes it obvious you really really need to do a lot more reading and learning before you start risking your own money, or you're just going to lose as much as it takes for you to realize this reality. If you think I'm wrong, as I would have when I was just starting out, then at least just trade a couple shares of SPY instead of trying to find more leverage. The only reason you'd need more leverage is if you use all of your 25k+ buying power on SPY, find consistent success, and then still want to take more risk. You shouldn't be anywhere close to that for a very long time. UPRO is a 3x leveraged ETF, meaning your losses will be amplified by 3X, plus more since it has significant slippage as compared to SPY.

 

[scott69]

I've participated in several trading / discussion boards over the last 25 years, and whenever someone starts talking about 2X and 3X leveraged ETFs, most of the time I know all I need to know about that person's skill leverage and experience. Trading is like any other skill set. But because the exchange of money is involved, there are sharks and there are minnows. Most new traders think they are going to be the shark, until they get eaten. New members would be wise to heed the advice of members like @TraderKevin @rad14733 and many others (don't get mad if I don't mention you). The multi-year ramp in the financial markets has emboldened many, but price action lately tells me that if will probably get a little more difficult making quick money going forward. Just my 3.2 inflation adjusted cents worth. (PS - I'm a ****er fish attached to the back of a shark, )

 

[mdtn]

Beacuse of 3x specifically UPRO. That's exactly the same reason I ask if strategy possibly be working well with UPRO. But thanks for your good intention as a shot or warning on 2x,3x. Best regards,

 

[scott69]

@mdtn I never even thought of you when I posted that. You sound like you know how to handle yourself. Sorry if you thought I did. Just posting to new traders in general. Heck, if people are trading index futures, ES, NQ, ETC. they are using leverage up the wazoo....

 

[-M-]

@twoduds Not exactly. Wait for confirmation from the CCI/ATR on the 2000t. You'll notice hows theres a double tap shelf @ 3331.50 right before the low was made. I went long for a fill @ 3331.75

Is there a link to this chart setup?

 

[suchetam]

Hi @blakecmathis would it be possible to post a video of a trade with entry/exit to show how you use these?

 

[mdtn]

@mdtn I never even thought of you when I posted that. You sound like you know how to handle yourself. Sorry if you thought I did. Just posting to new traders in general. Heck, if people are trading index futures, ES, NQ, ETC. they are using leverage up the wazoo....

It's all good! Thanks.

 

[-M-]

Is there a version like this for stocks?

 

[BenTen]

@-M- I believe you can trade SPY since it moves in correlation with /ES.

 

[scott69]

Yes, the SPY is an excellent alternative to the ES and the movements correlate without the extreme leverage vulnerability in futures. ETFs are a great way to get index exposure without the account balance agony / ecstasy of futures movements.

 

[jball10]

@blakecmathis Hi Blake, just wondering if you are still using this grid? Or have you changed anything. Thanks in advance.

 

[blakecmathis]

@jball10 Sorry for the late reply brotha!!! YES I am still using this grid and haven't changed anything in a while.

 

[Zlotko]

What is the Gamma good for and how do you use it on this set up?

 

[BenTen]

@Zlotko You must be referring to the Gamma line from the RSI Laguerre indicator. Check out the information from this thread https://usethinkscript.com/threads/...djusting-with-fractal-energy-usage-notes.219/