Thanks for the idea, guys. I was unaware that I could make custom watchlist indicators within ThinkOrSwim. What a great way to quickly monitor several parameters without having to keep switching charts.by robert - Trading Discussion
Quotemtut Thanks Robert, I have implemented your indicator into my everyday trading. I have also converted your code into a column. However, due to the current restraints of TOS, you can not set it for any type of custom timeframe. Have to use 60 or 20 instead of 55 and 21 You are correct as to the limitations of the timeframes. I've spoken with customer service and, as of now, there is no plby robert - Trading Discussion
Quotemtut Robert, How do you include screen shotsby robert - Trading Discussion
QuoteWallemac Robert - this is a great study. Thanks. QuoteWallemac yesterday it started to act strangely. not sure if its due to TOS update 2 days ago or not. are you having any problems? Walt I've not noticed any problems. However, I do know that the TOS weekend update was extremely buggy and was pulled back on Sunday. (I believe this is the first time they've had to pby robert - Trading Discussion
Thanks for your willingness to share knowledge. Your explanation of how you use the moving averages is easy to understand and I've been using them abut 85% the same as you described. QuoteDarcy I really do not like things to complicated so here's what I did and what I do. I took the price where the 50 moving average was showing on the 55 and the gap on the daily charts. That price was aboby robert - Trading Discussion
Congrats on another successful trade, Darcy. QuoteDarcy I estimated movement to about $235...divided that number by 2 and added that to the current area my option was in. I accepted $9.40 becase it wouldn't accept $9.45. (235 divided by 2 = 117 added $1.15 to the current option my trade was innot the one I bought at) When trying to estimate option price, I will typically multiply my estimaby robert - Trading Discussion
Oh, by the way, if any of you are using a different color scheme than I am and don't like the colors I've chosen, they are easily changed. Just pick from the list of colors below and substitute your chosen color where I've used (Color.LIME) or (Color.LIGHT_GRAY).by robert - Trading Discussion
I have written an indicator which will mark the chart when a FP or HRFP occurs. This indicator will work on any time frame chart. Some things to note: 1. This indicator marks a FP/HRFP in the very strictest sense of the term. That is to say, the indicators are crossing at the same time. 2. Based on the mathematics alone, this indicator will consider a cross to have happened even ifby robert - Trading Discussion
QuoteTCB Seems like a great tool, good work can't wait to try it out. Thanks You're welcome. After you've had a chance to play around with it, I'd be interested in hearing your (or anyone else's) thoughts. Perhaps you'll have an idea for improvement.by robert - Trading Discussion
My current trading style is to purchase either calls or puts with the intention of being in-today-out-today. I rarely hold overnight. To assist me in knowing how much a stock might move on an intra-day basis, I developed the below indicator for myself. I have found it useful over the past month and thought I'd share it. The purpose of this indicator is to show me how far a stock might moveby robert - Trading Discussion
Setting Custom Time Periods For 233 chart, use Style > Intraday > 180 Days > Custom... For 55, 34, 21, 13, and 8 charts, use Style > Intraday > 20 Days > Custom... When entering times in the custom field, you may use the slider; but it's much easier to just type the desired time in the Time Aggregation Period block. Tip: type 0353 (3 hours 53 minutes) for a 233 chby robert - Trading Discussion
Quoterebwayne Robert, This was just what I needed. Thanks a ton!!! Good luck with your trading.by robert - Trading Discussion
@rebwayne: see this post: Think Or Swim GW Chart Settingsby robert - Trading Discussion
<<original post deleted due to being obsolete. update follows.>> Below is a link to my basic WSB workspace. It includes only the indicators that are included with Thinkorswim. Each has been setup with the appropriate settings. If you would like to add the yellow auto-wave line, that is available for purchase from my website. It is a separate purchase because I had to program that oby robert - Trading Discussion
Once again...nicely done, Darcy. You are an inspiration. I aspire to get my entry points nailed as well as you. Your posts are always appreciated as they give me an opportunity to review working trades and learn from your experience.by robert - Trading Discussion
Another quick NFLX snipe. 09:39 BTO 245 C @ 8.00 09:41 STC 245 C @ 9.36 The stock has continued to go up, but I'm very happy with my quick profit. Reason for purchase: 55 GW fat pitch w/ RSI < 20 and heading up 13 GW all indicators pointing up 5 & 13 E signal General market heading in same direction at open.by robert - Trading Discussion
Good advice, Darcy. Thanks for the quote. I can tell you from my own experience that the corollary (failure will erode confidence) is also true. It has taken me a long time to appreciate the value of practice trades.by robert - Trading Discussion
Lookup a stock quote, then in the left column, click on "Company Events".by robert - Trading Discussion
Wow! Very nice move, rookie. I also sniped NFLX this morning, though not as well as you. 09:46 buy to open NFLX Jul 230 @ $7.15 09:57 sell to close NFLX Jul 230 @ $8.30 Thanks for posting your thought process. I'll have to see what I can steal from you.by robert - Trading Discussion
I started watching AAPL rise friday afternoon and thought that if the market was up this morning, it might make a good Call play. During the pre-market, I could see that AAPL was going to open up outside of the top BB so I figured it would fall back within bounds before resuming the up move. So...I watched as it began to fall shortly after the opening, thinking, "yep, it's going to falby robert - Trading Discussion
Well played! Based on the dollar move of the stock, I'm assuming you saw about $2.00 of it in your options. By the way, how far out in time are you buying when you are playing the bigger charts? I just went back and reviewed the charts. I'm still working from an in-today-out-today mentality. I'm not sure I would have had the courage to stay overnight on the 23rd when it initially rebby robert - Trading Discussion
ugh...that's awful. Assuming you purchased the ITM 65 Puts, you should have seen between 0.55 and 0.60 rise in your put price.by robert - Trading Discussion
Ugh! I bought puts on MA yesterday for 11.50 and decided to hold them overnight due to yesterday afternoon's news regarding several of the biggest retailers filing suit against Visa and Mastercard. My thoughts were that based on the strong down trend that was already in place, as well as, the new bad news MA would open lower this morning allowing me to get out with a quick profit. Sure enougby robert - Trading Discussion
I'm assuming that this is the gap that you are talking about: That's a really nice move, Darcy. Congrats on a great trade. I'll definitely be reading up on gaps.by robert - Trading Discussion
Quotedarcy2 PS the book I mentioned is good but has way too many technicals to be of an over all benefit. Read gaps in TAD book is best! Thanks. I just got the TAD book and skipped to chapter 12 to read about the "E" chart everyone has been talking about. I'll go back for gaps next. I won't bother with the other book since you don't recommend it.by robert - Trading Discussion
Just threw another tiny brick on the pile. Bought CF Jun13 190 Call for $6.80 at 09:34. Sold at 10:45 for $7.40. Good entry; bad exit. I had been watching the pre-market chart and knew that it was going to pop up on the opening. My goal was to hit it for a quick dollar. Once my option rose to $7.80 I decided to try letting it run a bit so I entered a trailing stop hoping that as tby robert - Trading Discussion
QuoteTCB Robert, may I ask what entry criteria or chart did you base your AAPL trade off of? Thanks TCB, I was trading off of the small charts. Click the below screen shot to see some notes. As noted above, after getting in the trade, I immediately put in my GTC sell order for a small profit. I'm still trying to peg consistently good entry points where the stock is moving right now. Aftby robert - Trading Discussion