Trust The Levels - Trade Options In ThinkOrSwim

[METAL]

I had a great day today and as a trader realized I need to be smacked in the head over and over for NOT following my rules. "But this time I know I'm right"
So my mistake today was really stupid however, after talking to others, a lot of traders tried similar due to the huge earnings pop on NVDA. I had a BIAS and was sure there would be a pullback (at least I wanted one) and if NVDA was moving up still so would the rest of the semi's. That is where I went wrong. I was determined to force AMD to comply with my BIAS and move up along with NVDA. So when AMD got over 172 and held, which was a Resistance Level I had marked on my chart, I was getting in longs and was going to sit back and count the money until it reached my target level. Here is the kicker. I was taking it even though the rest of the market was moving down and rejecting major levels. (That was my sign but I ignored it) 1 of my rules is to not trade against the NQ/ES and never trade when Nq/ES is approaching a major level.

I had a loss on this trade and I am kinda glad because it will help me to make a better decision the next time. I hope!

My 1st trade was Qcom-

My AMD BAD trade

 

[JoseB]

Try with 2m today instead of 2m 3D

Okay done. When I do that I can't see anything on the chart. It says "Waiting for data." I'm guessing that it only shows candles when it's 930am, right?

 

[JoseB]

Something is wrong with your code I suspect. The anchored LRC lines are not showing up. they should be on the chart..

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

 

[METAL]

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

It must be something on your end as it is working for everyone else. Try the V.2 version https://tos.mx/!bRJfYOTJ

 

[WEDenterprise]

@METAL
Thank you for the strategy, I have been watching this thread since almost the very start. Are you still following vincent desiano? I heard you mention him in one of your videos and wasn’t sure it you still incorporate some of his strategies with your LRC component.

 

[rfb]

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

If using the original LRC study, make sure your Time Interval is set to "Today". I believe on V2 you can have it set to the amount of days of your choice.

 

[METAL]

Hey all. Here is a link to a recap of yesterday. I will make one for today as well.
https://www.youtube.com/live/o1-K0S1WFkI?si=Di23l-qnmGCJlZ14

<iframe width="560" height="315" src="

" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

 

[METAL]

Todays Trades -
I want to stress the importance of support/resistance levels. They take precedence over the A-LRC in that if you have a perfect LRC setup but you will be trading directly into a S/R Level, Then I do not take the trade. I will wait until the s/r level has been broken and a confirmed continuation takes place before I enter a trade.

COIN:

TSLA - LOSS-

HIMS -

SMCI-

SPX -

 

[AngelRock]

What would it take to make this indicator Mobile App Friendly?

 

[useThinkScript]

What would it take to make this indicator Mobile App Friendly?

Unfortunately, the formatting options and drawing requirements preclude the use of the setup in this thread in the ToS mobile app

 

[METAL]

Friday Recap and areas I need to get better to improve my P/L. I also had a very big OOPS. Got lucky it worked out for me.
Had several trades and no losses!

 

[bkpshah]

Sir please share how do you trade every day and daily profit loss..

 

[JoseB]

If using the original LRC study, make sure your Time Interval is set to "Today". I believe on V2 you can have it set to the amount of days of your choice.

Set to today. Still not working.

 

[METAL]

Sir please share how do you trade every day and daily profit loss..

I trade this strategy everyday as shown in the videos. As for Profit and loss. I have had one day with a loss in 4 weeks or so. I have had trades with a loss but by following the plan, My losses are minimal. I have been creating recap videos that you may search for in this thread.

 

[lovetotrade20024]

View attachment 21910
Reaaaally interested in this. Using the "Today Only" version but my 2 min chart does NOT look like your 2 min chart? Anything wrong with the code?

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

 

[hammeredtoe]

Set to today. Still not working.

It has to be when the market is open.

 

[METAL]

Todays Trades- Another great day! Once again, I know I am sound like a broken record, But this is absolutely crazy good! I traded a few other quick scalps that were all profit. I only had one minor loss today.
Arm:

COIN:

SPX - Loss:

TSLA:

QQQ:

 

[Drum Rocker]

Todays Trades- Another great day! Once again, I know I am sound like a broken record, But this is absolutely crazy good! I traded a few other quick scalps that were all profit. I only had one minor loss today.
Arm:
View attachment 22032

COIN:
View attachment 22033
SPX - Loss:
View attachment 22034
TSLA:
View attachment 22035
QQQ:
View attachment 22036

These are great tutorials, thanks Metal! I apologize if this was answered in a previous post or one of your videos, but I have scanned all and can't find the answer. What are you using for the manual S/R resistance lines? Previous days high/low or other? Thank you.

 

[METAL]

These are great tutorials, thanks Metal! I apologize if this was answered in a previous post or one of your videos, but I have scanned all and can't find the answer. What are you using for the manual S/R resistance lines? Previous days high/low or other? Thank you.

I manually draw them.

 

[ksnyder2000]

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