Trust The Levels - Trade Options In ThinkOrSwim

[METAL]

I've reviewed the videos and the above screenshots. What I am not understanding is when do you use the L-LRC vs the V5 LRC? Do they overlap each or the L-LRC is only for swing trades, and V5 LRC is for day trades?

I use the L-LRC as additional confirmation that a reversal or continuation may occur. I pay attention to price action and make my entry/exit decisions. I use the LRC-V5 as my main day trading strategy. The L-LRC has been used for swing trades as well.

 

[4TOS]

Reaching out for some help. I have been trying to get the V5 to open and show on my charts with no success for days. I know its user error but cant figure out what it is. I put it on TOS by Open shared and all goes well. I see it in my Studies and when on a chart of any random symbol, I select add study. I then get the formula to the right where it shows symbol and selected timeframe (180 D 1h) but no channels appear on chart. I've tried any and everything I could. Some help please.
Thanks Mike

 

[METAL]

Todays Trades. Met my 1K Quota by 10 am again.

MSFT:

SNOW:

TSM:

PYPL - Loss

SPX

 

[METAL]

Reaching out for some help. I have been trying to get the V5 to open and show on my charts with no success for days. I know its user error but cant figure out what it is. I put it on TOS by Open shared and all goes well. I see it in my Studies and when on a chart of any random symbol, I select add study. I then get the formula to the right where it shows symbol and selected timeframe (180 D 1h) but no channels appear on chart. I've tried any and everything I could. Some help please.
Thanks Mike

Can you show an image of your chart with the LRC_V5 Settings as well?

 

[mariod]

I can't understand how to use this indicator....I see just a lot of line, but don't understand ho to use them to enter a trade

 

[greekstrader]

@METAL could you please make a tutorial using the LRC_V5 on how to use this indicator with an example like criteria of entering and exiting, what needs to be drawn manually, etc. I watched all of your videos, but quite can't figure out how to use them live.

Appreciate your help! Thanks!

 

[METAL]

@METAL could you please make a tutorial using the LRC_V5 on how to use this indicator with an example like criteria of entering and exiting, what needs to be drawn manually, etc. I watched all of your videos, but quite can't figure out how to use them live.

Appreciate your help! Thanks!

Will do. I will record some live trades to help.

 

[greekstrader]

Will do. I will record some live trades to help.

Thanks @METAL appreciate it!

 

[METAL]

Yesterday was awesome. I had a big green day!
Todays Trades: over $4,000.00 Profit today.
TSLA:

GOOG:

SPX:

PYPL:

 

[KermitRegan]

Hello, I am new to this channel. I started at the beginning and after 5 pages, I skipped to the end. Is there somewhere in this channel where the strategy is summarized? I tried watching the summary video, but it didn't make sense. I think I need something more basic? Would appreciate any help!

 

[METAL]

Todays Trades: (So many setups today)
I only traded TSLA today...Great start of the week!
TSLA:

TSM:

 

[rcgonzalez]

I'm looking for help. I've been trying to get V5 to open and show up on my charts without success for days. I know it's a user error but I can't figure out what it is. I put it in TOS for Open Shared and everything is fine. I see it in my Studies and when I'm on a chart of any random symbol I select add study. Then the formula appears on the right where the symbol and selected timeframe are displayed (180 D 1h) but no channels appear on the chart. I've tried everything I could. Any help please.
Thanks Mike

Go to the configuration icon of your chart, go to time axis and set Expansion Area 161 bar to the right, see if it works, you have to have the pre Market activated as well for it to work

 

[METAL]

Ended the week very Strong! $3,000.00 + day. (2) Trades at 400+%.
Have a fantastic weekend everyone.
GOOG:

NVDA:

PLTR:

SPX:

 

[Abutterfly]

I cannot do this without the screens , the charts in front of me. Cannot do this at work without at least a 2k monitor. Thought MSTR was a short, and then I lost big. Looking at the charts at end of day, Realized I Need a checklist... and a chart

 

[METAL]

I cannot do this without the screens , the charts in front of me. Cannot do this at work without at least a 2k monitor. Thought MSTR was a short, and then I lost big. Looking at the charts at end of day, Realized I Need a checklist... and a chart

I use several charts and confirmations with this strategy. IMO, any strategy we use should be also used with overall market confirmations. I typically do not take trades that are good setups if ES, NQ, SPY, QQQ, as well as others do not align with the trade direction.

 

[mariod]

I'm only seeing a bunch of line

 

[useThinkScript]

I'm only seeing a bunch of line

for those have difficulty with Trust The Levels Strategy​

Mastering the basics of charting elements is a critical first step before diving into advanced trading strategies such as Trust The Levels
Understanding price action, candle patterns, and identifying support and resistance levels are mandatory skills.

A multi-chart setup is essential to track both market trends and the specific instruments being traded. As well, as knowing and understanding the outside factors that are catalysts to your trades.

Less Experienced Traders Start Here:
⦁ Begin with simpler trend-following strategies like moving averages, such as the popular Ripster Moving Averages strategy. https://usethinkscript.com/threads/ripster-clouds-for-thinkorswim.19107/ And here is the VIP Ripster Companion Guide. https://usethinkscript.com/threads/ripster-clouds-strategy-companion-guide.19109/
⦁ Another excellent starting point is the Trader Oracle charts, which help traders immerse themselves in learning chart context. SharkWaveTrend. https://usethinkscript.com/threads/sharkwavetrend-for-thinkorswim.17331/

Bottom Line:
The ability to interpret price and volume charts before applying strategies is a prerequisite for success in most advance chart setups. Focus on simple trend-following strategies to build a solid foundation before jumping into more advance strategies.

 

[spat]

Can you make LRC_V5 a watchlist column to find whether stocks are in lower lrc channel or near the value example 2.5 or -2.5

Can you show an image of your chart with the LRC_V5 Settings as well?

 

[TOS Cali]

Hello, I am new to this channel. I started at the beginning and after 5 pages, I skipped to the end. Is there somewhere in this channel where the strategy is summarized? I tried watching the summary video, but it didn't make sense. I think I need something more basic? Would appreciate any help!

@METAL- would love this as well! can you explain this like we're newbies and explain each line and how you think about entering and exiting when it come to the dif color lines?? Thanks so much!!

Also @ Metal- do you need to change the times for LRC_V5 for say California time zone (PST)-- does the below look correct? Thank you!!

 

[METAL]

MERRY CHRISTMAS!