Trust The Levels - Trade Options In ThinkOrSwim

[useThinkScript]

@METAL im glad it works for you…. But why not just use the regression channel on that TOS provides in their drawing menu?

You can certainly manually draw the regression line.
If you are reviewing multiple instruments, you might find it more convenient to utilize the scripted version.

 

[JoseB]

It has to be when the market is open.

Am I supposed to have afterhours turned on?

 

[rfb]

Am I supposed to have afterhours turned on?

Just guessing here, but if the instruments you are trading are available in AH trading, then I would suggest yes. @METAL may have further guidance on this.

 

[METAL]

Am I supposed to have afterhours turned on?

Yes. This works off of the pre market data.

 

[METAL]

Great day again! I am going to need to start pinching myself!
TSM: This was a big profit.

AMZN Loss- Small loss and once again, I traded against the market and got burned for doing so!

 

[JoseB]

hi @JoseB do you mine to share the bottom indicator, look pretty accurate. thanks

I just have the RSI now.

 

[JoseB]

hi @JoseB do you mine to share the bottom indicator, look pretty accurate. thanks

 

[TOSTrader]

Does someone have a chart for long term trading? I could only get the short term 2 minute working but since I trade when I can between travel, I'd like to apply this strategy at the 1-4h level where I am making a long term trade for a few days or a weeks etc.

 

[pschoe]

What should I do? I used the exact link you provided.

I also had a problem with my TOS not acting right - all I had to do was to clear the cache. Hope this works for you too,

 

[METAL]

Does someone have a chart for long term trading? I could only get the short term 2 minute working but since I trade when I can between travel, I'd like to apply this strategy at the 1-4h level where I am making a long term trade for a few days or a weeks etc.

No. I believe some are working on it though. Not sure.

 

[METAL]

Friday was another great day. Super clean trades. Had 5 trades and all were GREEN!
TSM:

ARM:

 

[METAL]

@METAL im glad it works for you…. But why not just use the regression channel on that TOS provides in their drawing menu?

That is how I found this specific setting. Having it anchored is the key.

 

[jameroym]

Which one? the top or bottom?

Will it be Okay for you to share the Workspace @METAL, Top one.
I was reading all the pages and bit confused which one to use.

 

[METAL]

Todays Trades:
GREEN AGAIN- No losing trades today!
CRWD:

SMCI: This one hurts my heart a little. Great Profit but WOW....

TSM:

 

[JoseB]

I also had a problem with my TOS not acting right - all I had to do was to clear the cache. Hope this works for you too,

Thanks. I cleared the cache and it kind of looks more normal now but not exactly what @METAL has.

 

[METAL]

I TRULY hope you guys are trying this strategy!

Friday Re-Cap:

TSM:

SPX:

 

[METAL]

Monday! Another Green Day! Please let me know if you guys are using this strategy. I would love to hear how you are doing with it.
MSFT:

QQQ for a loss:

SPX :

 

[Drum Rocker]

Monday! Another Green Day! Please let me know if you guys are using this strategy. I would love to hear how you are doing with it.
MSFT:
View attachment 22128
QQQ for a loss:
View attachment 22129
SPX :
View attachment 22130

Hey Metal, I have been following since your first post and have been watching your YouTube videos. Thank you for all the time you have put into this thread! I have done a handful of live trades using just the LRC lines and unfortunately all were losing trades, so I have stopped using it for now. It seems your manually drawn trendlines are more effective, but I could not find what your using to base those off of. Perhaps it's just me and my interpretation of the strategy.

 

[METAL]

Hey Metal, I have been following since your first post and have been watching your YouTube videos. Thank you for all the time you have put into this thread! I have done a handful of live trades using just the LRC lines and unfortunately all were losing trades, so I have stopped using it for now. It seems your manually drawn trendlines are more effective, but I could not find what your using to base those off of. Perhaps it's just me and my interpretation of the strategy.

The support and resistance lines are drawn manually. Can you provide some of your trades so I may review them. I have some losses but very few with this strategy.

 

[METAL]

Tuesday Trades. All profits no losses today! I also took some SPX Calls for an additional Profit.
Total for the day:

TSM:

ARM: