Trust The Levels - Trade Options In ThinkOrSwim

[JoseB]

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

I just have the RSI now.

 

[JoseB]

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

 

[TOSTrader]

Does someone have a chart for long term trading? I could only get the short term 2 minute working but since I trade when I can between travel, I'd like to apply this strategy at the 1-4h level where I am making a long term trade for a few days or a weeks etc.

 

[pschoe]

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

I also had a problem with my TOS not acting right - all I had to do was to clear the cache. Hope this works for you too,

 

[METAL]

Does someone have a chart for long term trading? I could only get the short term 2 minute working but since I trade when I can between travel, I'd like to apply this strategy at the 1-4h level where I am making a long term trade for a few days or a weeks etc.

No. I believe some are working on it though. Not sure.

 

[METAL]

Friday was another great day. Super clean trades. Had 5 trades and all were GREEN!
TSM:

ARM:

 

[METAL]

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

That is how I found this specific setting. Having it anchored is the key.

 

[jameroym]

Which one? the top or bottom?

Will it be Okay for you to share the Workspace @METAL, Top one.
I was reading all the pages and bit confused which one to use.

 

[METAL]

Todays Trades:
GREEN AGAIN- No losing trades today!
CRWD:

SMCI: This one hurts my heart a little. Great Profit but WOW....

TSM:

 

[JoseB]

I also had a problem with my TOS not acting right - all I had to do was to clear the cache. Hope this works for you too,

Thanks. I cleared the cache and it kind of looks more normal now but not exactly what @METAL has.

 

[METAL]

I TRULY hope you guys are trying this strategy!

Friday Re-Cap:

TSM:

SPX:

 

[METAL]

Monday! Another Green Day! Please let me know if you guys are using this strategy. I would love to hear how you are doing with it.
MSFT:

QQQ for a loss:

SPX :

 

[Drum Rocker]

Monday! Another Green Day! Please let me know if you guys are using this strategy. I would love to hear how you are doing with it.
MSFT:
View attachment 22128
QQQ for a loss:
View attachment 22129
SPX :
View attachment 22130

Hey Metal, I have been following since your first post and have been watching your YouTube videos. Thank you for all the time you have put into this thread! I have done a handful of live trades using just the LRC lines and unfortunately all were losing trades, so I have stopped using it for now. It seems your manually drawn trendlines are more effective, but I could not find what your using to base those off of. Perhaps it's just me and my interpretation of the strategy.

 

[METAL]

Hey Metal, I have been following since your first post and have been watching your YouTube videos. Thank you for all the time you have put into this thread! I have done a handful of live trades using just the LRC lines and unfortunately all were losing trades, so I have stopped using it for now. It seems your manually drawn trendlines are more effective, but I could not find what your using to base those off of. Perhaps it's just me and my interpretation of the strategy.

The support and resistance lines are drawn manually. Can you provide some of your trades so I may review them. I have some losses but very few with this strategy.

 

[METAL]

Tuesday Trades. All profits no losses today! I also took some SPX Calls for an additional Profit.
Total for the day:

TSM:

ARM:

 

[Drum Rocker]

The support and resistance lines are drawn manually. Can you provide some of your trades so I may review them. I have some losses but very few with this strategy.

Hi Metal, Thanks for the reply. The trades were a few weeks ago and I wish I would have taken a screen grab. I am going to try again after watching your recent YouTube videos and will capture them. Thanks for helping out!

 

[TOSTrader]

At Metal, still trying to understand because to me it seems that your entries are driven by your manual trendlines vs the actual indicator. Using this example chart below, would you have entered a short at position 1 or would you have waited until position 2 to enter?

 

[METAL]

At Metal, still trying to understand because to me it seems that your entries are driven by your manual trendlines vs the actual indicator. Using this example chart below, would you have entered a short at position 1 or would you have waited until position 2 to enter?

View attachment 22151

I do use the S/R levels to help with the direction of my entries. If I have a Resistance Level just above the LRC, then I will wait until I am over the R level If I intend to enter calls. I also use the LRC as a scale out and take profit level. Both of these areas on AAPL would have been a no go for me as I know 218 and 215 have both been reversal zones. I use much more than R/S and LRC when I trade. I do like when the s/r and LRC line up. I usually get a really good move when this happens. I have also implemented what I call a "Long LRC". It has been amazing for providing me with potential directional setups. Sometimes, My r/s levels keep me from catching bigger moves but I am okay with that. Actually, after looking closer, I would have taken the 1st one and scaled out or taken all profit at the 215 level! (I initially thought you were thinking of calls on #1)

 

[graci117]

Friday was another great day. Super clean trades. Had 5 trades and all were GREEN!
TSM:
View attachment 22063


ARM:
View attachment 22064

Thanks so much for the videos and sharing the strategies.
I loaded the chart on my TOS and am confused about the different regression channels even if the anchor is at the same time. Do you know why the channel slopes are so different with different indicators?
I also wanted to know as to about how much money approx. do you put on each trade.
Thanks so much again!!

 

[Apperformance]

Hey folks, I recently switched to Schwab from IBRK (100% happier btw) and found this thread by a happy accident. These linear regression lines are a+. I’m very visual person and this help with price action confluence on entry/exit. Great trading today with this group today. Recommend