SPX Trading Strategy for ThinkorSwim

[bhaskar_madugula]

We are getting close to zero line....

 

[Rickyman94]

We are getting close to zero line....

looks like we might get a short entry today

 

[bhaskar_madugula]

Check for these GANN entries taken at 1 pm CST
Recommendation:
Buy at / above: 3906.25 Targets: 3919.92 - 3935.59 - 3951.28 - 3967.01
Stoploss : 3890.64
Sell at / below: 3890.64 Targets: 3877 - 3861.44 - 3845.92 - 3830.42
Stoploss : 3906.25

 

[Rickyman94]

@Hypoluxa did you mention that the MACD bollinger bouncing off of the zero line (similar to what's happening now on /ES) is a good indicator to go long?

 

[Hypoluxa]

@Hypoluxa did you mention that the MACD bollinger bouncing off of the zero line (similar to what's happening now on /ES) is a good indicator to go long?

I've never tested this setup on anything but SPX. So I can't answer that.

 

[jtrain252]

looks like we might get a short entry today

needs to sink

 

[Hypoluxa]

Be very careful these last 45 mins! This is a very choppy and slow decline ever since the 3 and 9 SMA's crossed. I know its close to the zero line...just be cautious. And VIX is trying to turn downward again.

 

[king_louie]

I wouldn't enter. Not worth the risk IMO

 

[jtrain252]

Be very careful these last 45 mins! This is a very choppy and slow decline ever since the 3 and 9 SMA's crossed. I know its close to the zero line...just be cautious. And VIX is trying to turn downward again.

when you buy a call or put. how far out is the strike. Like if it tells you to buy a call and its 3800 do you buy a 3805, 3810 or are you only concerned with the DElta

 

[Hypoluxa]

I wouldn't enter. Not worth the risk IMO

It'll def drop because I'm not in it

 

[Hypoluxa]

when you buy a call or put. how far out is the strike. Like if it tells you to buy a call and its 3800 do you buy a 3805, 3810 or are you only concerned with the DElta

Delta, OI and Volume

 

[king_louie]

It'll def drop because I'm not in it

Maybe for a scalp lol but I like to hold these trades for longer. So no go for me

 

[securedabag23]

This strategy has been working extremely well for me. Thank you @Hypoluxa and others that have been contributing and making mods to it.

 

[tradeidea20]

This strategy has been working extremely well for me. Thank you @Hypoluxa and others that have been contributing and making mods to it.

are you following everything in post 1 or you made some adjustments?
@securedabag23

 

[Rickyman94]

Maybe for a scalp lol but I like to hold these trades for longer. So no go for me

worked out nicely, triggered short at 3890, i covered at the close, got a nice 18 point gain in great day overall! Thanks @Hypoluxa

 

[Hypoluxa]

Check for these GANN entries taken at 1 pm CST
Recommendation:
Buy at / above: 3906.25 Targets: 3919.92 - 3935.59 - 3951.28 - 3967.01
Stoploss : 3890.64
Sell at / below: 3890.64 Targets: 3877 - 3861.44 - 3845.92 - 3830.42
Stoploss : 3906.25

And it nailed the 3877 target in the final 30 mins of the day. this GANN deal is wicked.

 

[Hypoluxa]

worked out nicely, triggered short at 3890, i covered at the close, got a nice 18 point gain in great day overall! Thanks @Hypoluxa

BAM!! That's awesome!

 

[tradeidea20]

BAM!! That's awesome!

how long you have been using Gann? whaats the win ratE? thanks!

 

[Hypoluxa]

how long you have been using Gann? whaats the win ratE? thanks!

I've been monitoring it the last 8 trading days....I've only used it live twice and was successful both times. BUT...from what I've seen while monitoring it...its extremely accurate.

 

[Rickyman94]

how long you have been using Gann? whaats the win ratE? thanks!

dude you should really read the whole thread, I know its quite long at this point, but there's a lot of good stuff here and the original strategy has been iterated on quite a bit since @Hypoluxa originally posted. All the questions you've asked have already been answered