Trust The Levels - Trade Options In ThinkOrSwim

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

I apologize but am not seeing the Long LRC settings (deviation curves) in the LRC-Multiday-Deviations study. Is this study TOS native or custom - could you provide a link/pointer please? Thank you!

1720824812633.png
 
Tuesday Recap. I did not get around to Monday. I did Profit 838.00 on Monday!
1721180118055.png

Had some small SPX scalps.
Spy- I did not follow my rules twice on this trade.
1721180076156.png


TSLA:
1721180619432.png
 
I was out of town on a short vacation. I was able to use the LRC strategy on Monday for a quick 300.00 profit. I was not able to trade on Tuesday but I did trade today while driving back home. I was able to eek out $1,100.00 Profit on TSLA and SPX and SPY. I hope everyone that is trying this strategy is having the same or better success as I am!
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Yesterday (+1,400.00) and Todays ($1,100.00) trade. It just keeps providing and seems to be getting easier.

This is ES that was used to help with entries and exits while trading SPY and SPX.
The two areas shown were used to exit the upside trades and the L-LRC was used to get the huge reversal!
ES
1722035912081.png

SPY
1722036559505.png

NVDA
1722036906195.png

MSFT - Loss on the day!
1722037288842.png
 
How did you land on 281 length on your regression lines?


And on the chart below, you'd take the trade of the rejection of Regression line -2 (#1) up to a major rejection area (#2) correct?

1722105108604.png
 
Last edited:
How did you land on 281 length on your regression lines?


And on the chart below, you'd take the trade of the rejection of Regression line -2 (#1) up to a major rejection area (#2) correct?

View attachment 22477
I do not look at the length as I draw the "Long" LRC manually for each stock Here is a video to show how I do this.

You could take a trade off of the LRC line however, I typically use the L-LRC lines to take profit in the event of a rejection. I am looking into using the L-LRC for swing trades.
 
Monday 7/29/24. Today was tough but I was ready for it. I had decided that I was going to scalp today due to earnings and news this week.
I had one loss that was more than I wanted due to a mistake I made but I got almost half of the loss back and still ended with a green day.
Here are the trades:
1722296252090.png

TSLA:
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SPX:
1722296904903.png


IWM- Best trade for me today. I wish I had entered heavier.
1722297391009.png


 
I do not look at the length as I draw the "Long" LRC manually for each stock Here is a video to show how I do this.

You could take a trade off of the LRC line however, I typically use the L-LRC lines to take profit in the event of a rejection. I am looking into using the L-LRC for swing trades.
Tysm!
 
Tuesday was a great Day! Caught some of the downside. I need to work on holding longer and trusting my rules! My 1st SPX was bought at 9.40, It went all the way to 54 but I profited $40.00.:mad:

1722389272341.png

AAPL-
1722389599511.png


TSM
1722389913483.png


SPX-
1722391655771.png


CRWD
1722392135755.png
 

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