Trust The Levels - Trade Options In ThinkOrSwim

[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

 

[METAL]

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.

Which one?

 

[Kislayakanan]

@METAL: I see huge gap between orange and blue lines on QQQ, not sure why? In your charts I see all three lines are quite close to each other.

 

[useThinkScript]

the recent tos link gave me an invalid error when trying to import it.

the link is not working

The most recent link update can be found at the top of post#1 and here:
https://usethinkscript.com/threads/...tions-in-thinkorswim.18367/page-5#post-141034

Shared Link Issues:

1.
When you attempt to load a shared link, are you are seeing the message contained in the link below?
https://usethinkscript.com/threads/...ghts-rumors-sightings.9326/page-8#post-137727
This means that the link is not available to you yet.
You will need to wait until the next build is pushed through (sometimes overnight, sometimes on Sunday night);

2.
Clicking on the link seldom works. Always use this workaround:
https://usethinkscript.com/threads/...ed-item-error-in-thinkorswim.5098/#post-57930

3.
If you are on the Schwab version of ToS, you can keep trying. Schwab 'says' that links will be updated eventually.
Eventually, may occur on May 13th, when the final integration occurs.


mod note:

unfortunately, many members will not have shared links enabled until after the May 13 integration

 

[Hilo]

@METAL thanks for sharing this, it has been working great for me so far!

Just wondering if you've had any success setting up a scanner to alert when stocks cross the lines? I've been trying but can't get a scan to generate any results so far...

 

[trendtraderflow]

Tesla Again !!!

 

[METAL]

@METAL thanks for sharing this, it has been working great for me so far!

Just wondering if you've had any success setting up a scanner to alert when stocks cross the lines? I've been trying but can't get a scan to generate any results so far...

No. I have tried that. I just watch the grid because I want to see the relationship of price to the 200 and 20 EMAs. Let me know if you get one to work.

 

[JoseB]

Wow. I hope others are using this strategy. I made 6,700.00 on spx put trade today. also made 350.00 on SPX calls.
View attachment 21418

Can you be more specific as to when you're entering and when you're exiting? I gotta give you props for being passionate about the strategy and about trying to help the community.

 

[jiva1944]

Would you please give more details on your setup! Do you have a thinkScript on this scan? Yes, I am intrigued and sold your concept. Thanks!

 

[METAL]

Would you please give more details on your setup! Do you have a thinkScript on this scan? Yes, I am intrigued and sold your concept. Thanks!

Just added to post #1. I also have a couple of videos that I hope helps. Let me know.

ES Futures -

 

[jackaltr8s]

@METAL - can you share code for your indicator to plot support and resistance.

 

[useThinkScript]

This chart setup uses manually drawn green dashed support and resistance lines
read more: https://usethinkscript.com/threads/...tions-in-thinkorswim.18367/page-4#post-140779

@jackaltr8s

 

[trendtraderflow]

Metal thank you Brother !! this has been a positive stress free trading week !!!

 

[METAL]

I did okay today. I missed the best setups.
NVDA-

META-

MSFT-

 

[MerryDay]

I did okay today. I missed the best setups.

Trend is your Friend!
The market was not with you at the beginning of those setups.

The market was still consolidating following the opening bell pop.
While those "missed best setups" look good in hindsight, those trades could have gone either way.
Lately, we have seen that pop followed by sharp reversals too steep to catch.
The morning trading was definitely riskier.

The market indices did not show a positive momentum and volume shift until noon.
The deck was stacked in our favor in the afternoon trading.
Try applying your favorite momentum indicator to your favorite market index chart to ensure that you are trading with the market.

coming to VIP in the coming months:
a smoothed percentR and a volume ROC because trend is your friend

In this case, trading after 12:30 allowed trades that went with the trend.

 

[trendtraderflow]

The market was still consolidating between 10-11am following the opening bell pop.
While those graphs look good in hindsight, those trades could have gone either way.
Lately, we have seen that pop followed by sharp reversals too steep to catch.
The morning trading was definitely riskier.

The market indices did not show a positive momentum and volume shift until noon.
The deck was stacked in our favor in the afternoon trading.
Try applying your favorite momentum indicator to your favorite market index chart to ensure that you are trading with the market.

coming to VIP in the coming months:
a smoothed percentR and a volume ROC because trend is your friend

In this case, trading after 12:30 allowed trades that went with the trend.

100% Spy kept dancing around the mean all morning so I stayed on the sidelines.

 

[METAL]

The market was still consolidating following the opening bell pop.
While those "missed best setups" look good in hindsight, those trades could have gone either way.
Lately, we have seen that pop followed by sharp reversals too steep to catch.
The morning trading was definitely riskier.

The market indices did not show a positive momentum and volume shift until noon.
The deck was stacked in our favor in the afternoon trading.
Try applying your favorite momentum indicator to your favorite market index chart to ensure that you are trading with the market.

coming to VIP in the coming months:
a smoothed percentR and a volume ROC because trend is your friend

In this case, trading after 12:30 allowed trades that went with the trend.

Exactly the reason I missed these setups. I needed to see both the NQ and ES above certain levels and moving together. Great explanation!

 

[Tradervic]

Exactly the reason I missed these setups. I needed to see both the NQ and ES above certain levels and moving together. Great explanation!

Interesting strategy. Question for you. For the LRC, you use Start Time of 0400, end time of 0929, and endplottime of 1959. I assume you are on the East Coast, and these are East Coast Time. As I am on the West Coast, should I change the start time to 0700, end time to 1229, and endplot time to 1659???.....since I am 3 hours behind. Or it doesn't matter?