Trust The Levels - Trade Options In ThinkOrSwim

[Walshy]

@SleepyZ is there any reason why your Mobius LRC script wouldn't work on ES futures chart? It did work for me this week, but then suddenly it doesn't work on an ES chart. Yes, works on a SPY chart. When I open an ES chart and apply the script, it flashes likes it's going to work, but then it goes away. Hmmm. Any thoughts? I should add ... thank you for sharing your expertise.

 

[bkpshah]

Yeah I did. It worked extremely well. I took profit at the rejection of the orange line and left runners for the breakdown.

Did you trade spy at 9:50

Sir please put daily profit loss

 

[SleepyZ]

@SleepyZ is there any reason why your Mobius LRC script wouldn't work on ES futures chart? It did work for me this week, but then suddenly it doesn't work on an ES chart. Yes, works on a SPY chart. When I open an ES chart and apply the script, it flashes likes it's going to work, but then it goes away. Hmmm. Any thoughts? I should add ... thank you for sharing your expertise.

Using the code in this link worked just now
https://usethinkscript.com/threads/trust-the-levels-trade-options-in-thinkorswim.18367/post-140739

 

[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.

 

[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
View attachment 21602

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.

 

[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.
View attachment 21728

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!

 

[METAL]

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