SPX Trading Strategy for ThinkorSwim

[mdtn]

@Hypoluxa love to see your setup on AMZN, and if you have TSLA as well. Thanks

 

[Hypoluxa]

@Hypoluxa love to see your setup on AMZN, and if you have TSLA as well. Thanks

for AMZN I use MACDBB settings of 10,16,36....I don't trade TSLA.....but tweak these settings until you arrive at the same logic with the MACD dots crossing.

 

[mdtn]

for AMZN I use MACDBB settings of 10,16,36....I don't trade TSLA.....but tweak these settings until you arrive at the same logic with the MACD dots crossing.

Thanks!

 

[QUIKTDR1]

Is there a scan for MACDBB? I have the chart set-ups I was wondering if there is a scan when it first pierces the zero line?
When one has a chart set-up can that be used for a scan or do you have to make a modification?

 

[BenTen]

@QUIKTDR1 This is how you set it up:

Make sure to choose between "crosses above" or "crosses below"

 

[QUIKTDR1]

@BenTen Thank You!

 

[malone1020]

Just checking in, @Hypoluxa - have you continued to find success with this strategy? And, if so, have you tweaked anything since you last shared?

Thank you!

 

[Hypoluxa]

Just checking in, @Hypoluxa - have you continued to find success with this strategy? And, if so, have you tweaked anything since you last shared?

Thank you!

Hi Malone! Yes, this strategy still works....and ironically that you ask, but yes...I have tweaked it even further for SPX. I'm waiting to trade it live some more this week before I post about it...but backtesting shows it to be another awesome setup for SPX.

 

[dmaffo]

@QUIKTDR1 This is how you set it up:

Make sure to choose between "crosses above" or "crosses below"

Also change from 12, 26, 5, to the 8,16,36 for SPX or 10 for AMZN...

 

[JoeSD]

Also change from 12, 26, 5, to the 8,16,36 for SPX or 10 for AMZN...

OK, so you set it to show results when the line crosses above (or below) the 0 line (as opposed to the channel lines??? Thanks and if you could explain your reasoning please.

 

[Robster021]

Great strategy @Hypoluxa i stated paper trading SPX this week and it's been mostly successful. I find AMZN"s spread to wide. I'm tweaking the MACDBB for /ES. Thanks again

 

[Moose]

I'm not an option trader nor a day trader. I use spx chart for swing trades and long term investments. Could you please tell me the settings to use your set ups for the long term? daily charts or even 4hrs. Thank you

 

[Stockmarker]

@Hypoluxa Wow, this is amazing. Thank you for sharing. If you don't mind, could you pls share how many trades you do (Avg) in a week on SPX with this setup?

 

[Hypoluxa]

I'm not an option trader nor a day trader. I use spx chart for swing trades and long term investments. Could you please tell me the settings to use your set ups for the long term? daily charts or even 4hrs. Thank you

Hi Moose, I only scalp SPX options...never in it more than 30 mins or less. So I can't offer any help to you with what you're asking for.

 

[Hypoluxa]

@Hypoluxa Wow, this is amazing. Thank you for sharing. If you don't mind, could you pls share how many trades you do (Avg) in a week on SPX with this setup?

This setup calls for patience, as it doesn't show up much during the week...but i can get at least 4 per week....this week has been only once.

 

[Stockmarker]

This setup calls for patience, as it doesn't show up much during the week...but i can get at least 4 per week....this week has been only once.

Thank you so much! 4 per week is awesome!

 

[pal_yc]

@Hypoluxa Wow, This is awesome. Thank you for sharing. I did paper trading SPX and it was very successful mostly. I tried it with $1 profit target and same $1 stop loss in TOS. While mostly it was successful, sometimes it also stopped out very quickly within a minute or two. I am wondering do you have any additional tips for successful entry besides what you mentioned in #1? You are right, definitely patience is the key. BTW, I am new here and catching up. Thanks again!

 

[dmaffo]

Today I gave it a go both on AMZN and SPX. The MACDBB was way out for SPX so I turned to SPY and thought why not try it since all the signals were bang on as per instructions. And then the @#$%& turned on me, quickly to downside. Hence the patience and wait for it to truly paint on screen and make sure you arent forcing the trade. Very close or even the first dot repaints and dances the macarena on you so be patient!! After that I was very patient and scalped AMZN$$. Not sure what other tweaks you got in the works but would love to see it!! I placed regular MACD on my SPY loss and had I paid attn to it I would have not entered. RSI also was not looking pretty. Ill gladly give it a go next week but would love to know if you changed or upgraded anything? Perhaps add other indicators?
Had so much fun today with new strategy Hypoluxa!! thanks!

 

[Hypoluxa]

Hi @dmaffo! One major word of caution...indicator setups all respond differently to each stock...and SPX and SPY are a prime example of that. They both have different volatility type movement...so its definitely not a "copy and paste" for those two. I'll be posting sometime next week my new tweaks for SPX and I've added one for AMZN.

 

[finkel2143]

@Hypoluxa Do you count market open price changes as well? For example, Thursday's opening price (2/4) would met all the requirements