Trust The Levels - Trade Options In ThinkOrSwim

[HenryK]

@METAL What are the levels that gets drawn on chart. Yellow dashed lines levels. How are they determined. Thank you for sharing this strategy.

 

[Bees]

Another Banger of a DAY! I hope everyone is trying and using this.
SPY
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META
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GOOG
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Hi Metal, Awesome strategy. I tried loading the LRC grid setup you had provided in previous posts. However, I do not see the yellow deviation line (2nd deviation line) in my charts. I only have the first deviation and mean on my chart. Can you please share LRC multi-day setup? Also, can this strategy be used on 1 min chart? If yes, what changes should be done for the time, is it 1 M, 1 D or something different. Thanks in advance.

 

[TapthatAsk]

Have you used this with pre market off? And if so what was your observations?

Are you only trading the 2 minute 2 day chart with extended hours on? I see with extended hours off it changes the LRC

 

[METAL]

Todays Trades:

Sir please put daily profit loss

I haven't had a loss in a day since I started using this strategy. I have had losses but not for the day. Is that what you are referring to?
If so, I decided to just show the actual trades because I feel that profit amount should not matter as each traders risk is different. For this trade I profited $1,773.00 I also traded a TSLA and lost 437.00 because I did not follow my rules. I should have only lost around $125.00 if i had stuck to my rules. I traded SPX mid day and made $727.00

 

[METAL]

Have you used this with pre market off? And if so what was your observations?

No. It is actually based off of Pre Market so it will not work with Pre market off.

 

[rfb]

No. It is actually based off of Pre Market so it will not work with Pre market off.

Nice work on this Metal! Since you've been using it with SPY/SPX, have you tried it with ES futures?

 

[METAL]

Hi Metal, Awesome strategy. I tried loading the LRC grid setup you had provided in previous posts. However, I do not see the yellow deviation line (2nd deviation line) in my charts. I only have the first deviation and mean on my chart. Can you please share LRC multi-day setup? Also, can this strategy be used on 1 min chart? If yes, what changes should be done for the time, is it 1 M, 1 D or something different. Thanks in advance.

The alternate LRC with deviations is in the 1st post. I haven't tried it with the 1m TF. I assume it will work fine. You will need adjust the MAs to wok how you want with the 1m. @SleepyZ provided another with deviations that works with all stocks, SPY, and NQ . Here it is: https://usethinkscript.com/threads/trust-the-levels-trade-options-in-thinkorswim.18367/post-140679

 

[METAL]

Nice work on this Metal! Since you've been using it with SPY/SPX, have you tried it with ES futures?

No, But it would work the same. I trade SPX a lot with this and as you know spy follows ES so it should provide the same entries and exits. Of course Futures will be more risk and more reward (Monetarily speaking)

 

[METAL]

@METAL in the settings what does the tab data mean?

Not really sure. I just uncheck it.

 

[METAL]

Had another easy and profitable day. Hope the same for everyone that is using this.

 

[reganbw]

Had another easy and profitable day. Hope the same for everyone that is using this.

I traded ATM Put options on SPY and made a quick $510 in eight minutes today.

 

[rfb]

No, But it would work the same. I trade SPX a lot with this and as you know spy follows ES so it should provide the same entries and exits. Of course Futures will be more risk and more reward (Monetarily speaking)

Thanks for info. Is the setup listed on page 1 the most current you're using?

 

[METAL]

I traded ATM Put options on SPY and made a quick $510 in eight minutes today.
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Awesome! That is what I am talking about. It is the easiest most consistent system I have ever used. I Got TSLA today for $1,400.00, NVDA and SPX for a $1,933.00 total today.

 

[METAL]

Thanks for info. Is the setup listed on page 1 the most current you're using?

Here is my chart with all three LRC and the other indicators I use. https://tos.mx/O2Uwdha

 

[METAL]

TLSA Trade-

 

[rfb]

Here is my chart with all three LRC and the other indicators I use. https://tos.mx/O2Uwdha

Thanks Metal!

 

[trendtraderflow]

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TLSA Trade-
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TSLA was a banger !!

 

[METAL]

Please tell me you guys got the LRC to the downside. It was perfect! SPY

 

[trendtraderflow]

Please tell me you guys got the LRC to the downside. It was perfect! SPY

Amazing !! I was late to that party rode tesla down though, the recent tos link gave me an invalid error when trying to import it.

 

[Keiko1fr]

Thanks Metal!

the link is not working