SPX Trading Strategy for ThinkorSwim

[Hypoluxa]

Hi Hypoluxa, while i love this strategy, i feel like i either cl or tp too fast these past few days. Any advice on how i could fine tune my exit ? Is there any signal confirmation i could use ? Or what could i watch out for before hitting the sell button?
Thanks in advance.

to add to and agree with @VictusJogi - you sometimes have to go with your instinct that a trade just doesn't feel right and I am able to get a feel for it because i focus 90% of my day on SPX....a tiny bit on AMZN. If you bounce around, you can't get a feel for the time prior to the signal coming into play.

 

[Hypoluxa]

Hi Hypoluxa, while i love this strategy, i feel like i either cl or tp too fast these past few days. Any advice on how i could fine tune my exit ? Is there any signal confirmation i could use ? Or what could i watch out for before hitting the sell button?
Thanks in advance.

I've stated several times in these many pages, there isn't a solid exit strategy. When i came across these indicators and tweaked them to fit SPX....its for scalping only...which means its made for solid entries....exits are on the trader.

 

[Hypoluxa]

Hi Hypoluxa,

If enter into the trade after first dot, and if the second dot shows sideways, what would be the strategy you follow.

please answer this.

Great question...that doesn't have a real solid answer. BUT...I look for a few things as the MACDBB is either going up towards a call opportunity or down towards a put opportunity....and its all because of the tons of times I've looked back on this setup at the beginning of January.
I have seen the following to not be a good idea to jump in on the first dot or at all:

• After the SMA's cross and it takes 6+ candles before the MACDBB crosses the zero line, its about to run out of steam and reverses or goes sideways.
• After SMA's cross and its taking a while to cross the zero line and you have a mix of candle colors, i never get in because the momentum is unstable, regardless if its crossing.

Start with January 4th up till today and look back at every time the setup shows a signal and you can confirm this yourself.

 

[Madhu]

Great question...that doesn't have a real solid answer. BUT...I look for a few things as the MACDBB is either going up towards a call opportunity or down towards a put opportunity....and its all because of the tons of times I've looked back on this setup at the beginning of January.
I have seen the following to not be a good idea to jump in on the first dot or at all:

• After the SMA's cross and it takes 6+ candles before the MACDBB crosses the zero line, its about to run out of steam and reverse or go sideways.
• After SMA's cross and its taking a while to cross the zero line and you have a mix of candle colors, i never get in because the momentum is unstable, regardless if its crossing.

Start with January 4th up till today and look back at every time the setup shows a signal and you can confirm this yourself.

Great question...that doesn't have a real solid answer. BUT...I look for a few things as the MACDBB is either going up towards a call opportunity or down towards a put opportunity....and its all because of the tons of times I've looked back on this setup at the beginning of January.
I have seen the following to not be a good idea to jump in on the first dot or at all:

• After the SMA's cross and it takes 6+ candles before the MACDBB crosses the zero line, its about to run out of steam and reverse or go sideways.
• After SMA's cross and its taking a while to cross the zero line and you have a mix of candle colors, i never get in because the momentum is unstable, regardless if its crossing.

Start with January 4th up till today and look back at every time the setup shows a signal and you can confirm this yourself.

After your reply i cross checked the chart and whatever you said is showing correctly in chart.
Your answer really helps us.

 

[Madhu]

After your reply i cross checked the chart and whatever you said is showing correctly in chart.
Your answer really helps us.

After SMA cross, what would be the ideal dots (no of dots) we should check for good momentum in either of the directions.
Could you please answer this?

 

[Hypoluxa]

After SMA cross, what would be the ideal dots (no of dots) we should check for good momentum in either of the directions.
Could you please answer this?

same color dots in a solid row means good momentum. You really need to take this setup and look hard at every opportunity since January 4th to form your own opinion for entering a future trade. Its hard to give someone perfect and exact directions, as indicators aren't exact and perfect every single time.

 

[VickyVJ]

Dont just rely on indicators, watch the price action..Its about training your eye and mind...This is how, i had to learn, alot of screen time for me (dont know about others (there are a lot smart people here not me)) draw S/R lines, watch previous High/Low and see how the price reacts on these levels

thanks VictusJogi for your advice. very much appreciated. I had been doing lots of that lately. lol. At one point, i tot i had a good grasp n the next, i got crashed. Will continue to work on my eye power n the study. what time frame do u use besides the 10mins?

 

[VickyVJ]

to add to and agree with @VictusJogi - you sometimes have to go with your instinct that a trade just doesn't feel right and I am able to get a feel for it because i focus 90% of my day on SPX....a tiny bit on AMZN. If you bounce around, you can't get a feel for the time prior to the signal coming into play.

i know what u mean on the instincts part. i guess when i sent u that message earlier was due to the early exit i had on spx put at 9.40. i was watching how it played out and before i can tp. it started reversing. this time, i didnt exit immediately when i saw the white dots. i waited awhile before cl. how i wish i had held on to it till aftn. sigh. that was why i messaged to find out what else i could also look for. thank u once again for sharing this strategy. it had been fun training my eye power.

 

[VictusJogi]

@Hypoluxa you may want to look into other websites for GANN...
www.stockmaniacs.net..It has a Trojan warning..

 

[Hypoluxa]

@Hypoluxa you may want to look into other websites for GANN...
www.stockmaniacs.net..It has a Trojan warning..

Thank you for that!

 

[babouin77]

went long ES 3911

 

[Hypoluxa]

went long ES 3911

when did you get in? The signal for ES was at 11:50....35 mins ago now

 

[rfb]

when did you get in? The signal for ES was at 11:50....35 mins ago now

Looks like the SPX signal was at 1200 EDT. Caught a very small scalp of .70 on the 22MAR3920C. Candles were narrow and momentum to me was waning a little bit. Rode it down for a few minutes and decided to bail on the next runup. Left about .30 on the table, but I'll take the small profit. All good.

 

[Hypoluxa]

Looks like the SPX signal was at 1200 EDT. Caught a very small scalp of .70 on the 22MAR3920C. Candles were narrow and momentum to me was waning a little bit. Rode it down for a few minutes and decided to bail on the next runup. Left about .30 on the table, but I'll take the small profit. All good.

AND its a Friday!! Great job!

 

[rfb]

AND its a Friday!! Great job!

Thanks! Believe me, that was also on my mind! Also, I believe it's quadruple expiration day!

 

[Hypoluxa]

Thanks! Believe me, that was also on my mind! Also, I believe it's quadruple expiration day!

Yes it is. I'm sitting here waiting for a possible selloff. Since SPX crossed up over the MACDBB line....I feel good about it coming back down

 

[rfb]

Yes it is. I'm sitting here waiting for a possible selloff. Since SPX crossed up over the MACDBB line....I feel good about it coming back down

I agree. Volatility could certainly kick in before the close and could be a nice way to start the weekend! We shall see.

 

[rfb]

Yes it is. I'm sitting here waiting for a possible selloff. Since SPX crossed up over the MACDBB line....I feel good about it coming back down

Might be getting close....

 

[rfb]

Might be getting close....

@Hypoluxa : You are so right how pricing is manipulated on Fridays.

 

[Hypoluxa]

@Hypoluxa : You are so right how pricing is manipulated on Fridays.

Its horrible. The MM's have been screwing with the premiums all day too. Unstable bid/ask spreads