Trust The Levels - Trade Options In ThinkOrSwim

[ElGanadero]

@METAL Just wanted to ask you a question but, before I do I wanted to thank you for your great play by play updates! I been keeping up with it and it looks really good!

Is everything up to date on your 1st page as far as the indicator scripts? Or have they been updated?

 

[METAL]

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!!

I use the LRC_V2 version. https://tos.mx/!bRJfYOTJ . It depends on the price of the contracts. I typically try to be 2,000.00 and up. If I get an A+ setup along with all other variables, I will go heavier.

 

[METAL]

@METAL Just wanted to ask you a question but, before I do I wanted to thank you for your great play by play updates! I been keeping up with it and it looks really good!

Is everything up to date on your 1st page as far as the indicator scripts? Or have they been updated?

Yes. Everything is up to date. I use the LRC_V2 version on a 2 m TF. https://tos.mx/!bRJfYOTJ

 

[METAL]

Hope everyone had a great day trading. The price action was rough for the first part of the day, for me at least.
Todays Trades:
A loss with ARM-

TSM-

SPX-

 

[Drum Rocker]

Hope everyone had a great day trading. The price action was rough for the first part of the day, for me at least.
Todays Trades:
A loss with ARM-
View attachment 22221
TSM-
View attachment 22222
SPX-
View attachment 22223

You got that right! The morning was a complete mess with market internals conflicting, the DJIA down, and NASDAQ up. I had two losing trades in the morning and stopped. Came back in the afternoon and was able to get back to even. There will be days like these!

 

[HODL-Lay-HE-hoo!]

@METAL doing the damn thing... good work.

 

[ElGanadero]

Yes. Everything is up to date. I use the LRC_V2 version on a 2 m TF. https://tos.mx/!bRJfYOTJ

I appreciate the response! I'm running it now will update next week when I run it live with some funny money I got. I'll keep tracking your progress solid work @METAL.

 

[METAL]

Well....I recorded my day of trading so I can show how I trade the LRC strategy.
I recorded my Day Trading Options logo the entire time. I forgot to change my scenes in OBS. I will attempt to record again tomorrow. I did profit

with 3 trades. PANW, TSLA and SPX

 

[useThinkScript]

DING DING DING

This chart setup has climbed up to be in the TOP25 most viewed setups of all time!
https://usethinkscript.com/forums/strategies-chart-setups.5/?order=view_count&direction=desc


Congratulations @METAL! For the excellent support and commentary provided in this thread!

 

[Adobe8]

@METAL
Pls share workspace
The one with the active trader

 

[METAL]

@METAL
Pls share workspace
The one with the active trader

Workspace: https://tos.mx/!niiF8VvV

 

[METAL]

Hope everyone had a great day today!
Trades today! Guys, This is so good. So easy! $1,653.00 day today! No losses!

TSM:

SPX:

AMD:

 

[METAL]

Video of the trades today.

 

[METAL]

Done for the day. I had one $11.00 loss and that was all. The rest were all profit for $1,808.00. This strategy is really the game changer for me. I hope it is working for others.

TSLA:

AAPL:

SPX:

TSM:

 

[METAL]

Fridays Trades were pretty clean. Once again, I hope you guys will try this strategy.
AMZN:

SMH:

SPX:

 

[METAL]

Wednesday Recap Trades.

AMD:

GOOG

NVDA:

TSLA:

SPX:

 

[METAL]

Today was another easy and great day. I have added another tool to help with this strategy. I have added what I call a "Long" LRC. I draw them in manually. The Linear Regression tool is set to:

I use it the following way: Typically on the 1HR TF.

NVDA:

Todays Trades:

TSLA:

AMD-PUTS

SPX - $180.00 loss

SPX Profit:

 

[rfb]

Today was another easy and great day. I have added another tool to help with this strategy. I have added what I call a "Long" LRC. I draw them in manually. The Linear Regression tool is set to: View attachment 22361
I use it the following way: Typically on the 1HR TF.
View attachment 22362
NVDA:
View attachment 22363
Todays Trades:
View attachment 22364
TSLA:
View attachment 22365
AMD-PUTS
View attachment 22366
SPX - $180.00 loss
View attachment 22367
SPX Profit:
View attachment 22368

Outstanding work! When you have a moment, no rush, can you post the option strikes of your trades and do you look for certain deltas, near the money, in the money or at the money? Thanks again for all you're doing and posting!

 

[METAL]

Outstanding work! When you have a moment, no rush, can you post the option strikes of your trades and do you look for certain deltas, near the money, in the money or at the money? Thanks again for all you're doing and posting!

The strike are listed on the attachment where I show the calls and puts. I almost always buy at the money. The only exception would be on Friday. I typically get next weeks ATM. The deltas are usually close to 50 ATM. Of course they vary but I do not concern myself with that too much.

 

[METAL]

Friday--The best day of the week!

TSLA- Here is how I used the L-LRC
(1HR TF)

(15M TF)

TSM:

Have a GREAT weekend everyone!