Trust The Levels - Trade Options In ThinkOrSwim

How did you land on 281 length on your regression lines?


And on the chart below, you'd take the trade of the rejection of Regression line -2 (#1) up to a major rejection area (#2) correct?

1722105108604.png
 
Last edited:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

How did you land on 281 length on your regression lines?


And on the chart below, you'd take the trade of the rejection of Regression line -2 (#1) up to a major rejection area (#2) correct?

View attachment 22477
I do not look at the length as I draw the "Long" LRC manually for each stock Here is a video to show how I do this.

You could take a trade off of the LRC line however, I typically use the L-LRC lines to take profit in the event of a rejection. I am looking into using the L-LRC for swing trades.
 
Monday 7/29/24. Today was tough but I was ready for it. I had decided that I was going to scalp today due to earnings and news this week.
I had one loss that was more than I wanted due to a mistake I made but I got almost half of the loss back and still ended with a green day.
Here are the trades:
1722296252090.png

TSLA:
1722296223904.png


SPX:
1722296904903.png


IWM- Best trade for me today. I wish I had entered heavier.
1722297391009.png


 
I do not look at the length as I draw the "Long" LRC manually for each stock Here is a video to show how I do this.

You could take a trade off of the LRC line however, I typically use the L-LRC lines to take profit in the event of a rejection. I am looking into using the L-LRC for swing trades.
Tysm!
 
Tuesday was a great Day! Caught some of the downside. I need to work on holding longer and trusting my rules! My 1st SPX was bought at 9.40, It went all the way to 54 but I profited $40.00.:mad:

1722389272341.png

AAPL-
1722389599511.png


TSM
1722389913483.png


SPX-
1722391655771.png


CRWD
1722392135755.png
 
Where is the shared link?

In the 1st post:
Here are the Codes:
LRC-V.2 - This works for All and is what I use on the chart I trade with - https://tos.mx/!bRJfYOTJ
LRC - Today only - https://tos.mx/Y9lBc45 (I use 2m/Today) (original)
LRC MultiDay with 2 deviations - https://tos.mx/4ptvXbY (Do not use anymore)
LRC MultiDay w/2 deviations for Spy,ES,NQ -(Do not use anymore)
https://usethinkscript.com/threads/trust-the-levels-trade-options-in-thinkorswim.18367/post-140679
 
Did you guys get the AAPL trade this morning? At 8:36am CST I took this one for a nice trade! I'm not able to post a chart right now, but just checking if anyone else got in on this one?
 
Fridays Trades. I had a RED Day! Made some bad trades and it cost me! I had a few good trades but the bad ones were to much to overcome. I had about a $500.00 Loss overall. Had a great week though.

Good Trades-
SPY/SPX
1722690809501.png

IWN - Loss
1722691240997.png

AMZN Profit-
1722691535031.png

SPX- LOSS
1722692518040.png


SPX Profit
1722693826400.png


What could have been...
1722694239298.png
 
Last edited:
Did you guys get the AAPL trade this morning? At 8:36am CST I took this one for a nice trade! I'm not able to post a chart right now, but just checking if anyone else got in on this one?
I missed AAPL. But great job. It is easy peasy if you just follow the strategy!
 
Todays Trades-
I missed a bunch of great trades today. Ended Green but barely.
SPY-
1722984969214.png



TSM-
1722985412659.png


META-
1722985834996.png
 
  • Like
Reactions: ALV
Another eventful day.. So I made a couple of dumb trade that put me at around a $600.00 loss. Once again, I ended with a 215.00 Profit on the day.
The bad trade was with SPX and I traded into a 50% Retracement that I had put on my chart during premarket. I decided to ignore it I guess.

1723076572627.png

SPX - loss
1723070771136.png


META-
1723071047748.png


AMD
1723071334013.png

META
1723071564388.png


SPX
1723076503060.png
 
Todays setups and trades.. I got hosed on what should have been a great SPX Trade!

SPX
1723160886682.png


NVDA- So simple to follow!
1723161204391.png

Coin-
1723161455189.png

TSLA
1723161630249.png
 
  • Like
Reactions: ALV
Another successful day. I could have done so much better but I missed some really great setups.
SPX
1723760722510.png
 

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
171 Online
Create Post

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top